Demand for Lebanese Eurobonds continued its strong start after the Easter break, reflected by the BLOM Bond Index (BBI) increase of 0.34% to close at 107.37 points. The yields on the 5Y and 10Y Lebanese Eurobonds similarly declined by 6 basis points each (bps) to 5.22% and 6.04%, respectively. In turn, due to the increasing demand for Lebanese medium-term notes outpacing that in the US, the spread on the 5Y Lebanese securities and its US comparable narrowed by 5 bps to 389 bps. In addition, Lebanon’s 5Y Credit Default Swaps (CDS) slightly shifted from a previous quote of 373-396 bps to 372-396 bps.