Lebanese Eurobonds Remained Stable on Monday

Demand on Lebanese Eurobonds remained stable as The BLOM Bond Index (BBI) steadied at 106.65 points ahead of the holidays. The yield on the 10Y Lebanese Eurobonds has been stagnant for the last five consecutive sessions at 6.15% while that of the 5Y decreased by 1 basis points (bps) to 5.35% due to a strengthened demand for medium-term Lebanese Eurobonds. Similarly, the demand for medium-term US securities showed positive signs as the yield on the 5Y US Treasury Bills down ticked 1 bp to 1.41%. This led to the 5Y spread between the yield on the Lebanese Eurobonds and the US comparable to remain stable at 394 bps. Moreover, Lebanon’s 5Y Credit Default Swaps (CDS) maintained a quote of 378-397 bps from the previous session.

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