Slow Activity in the Lebanese Eurobonds Market on Friday

Demand for Lebanese Eurobonds remained relatively stable on Friday, as the BLOM Bond Index (BBI) slightly edged down by 0.07% to settle at 107.33 points. The yield on 5Y Lebanese Eurobonds declined by 10 basis points (bps) to 5.12% while that of the 10Y increased by 4 bps to 6.08%. Thus, the spread on the 5Y Lebanese securities and its US comparable narrowed by 10 bps to 381 bps. In addition, Lebanon’s 5Y Credit Default Swaps (CDS) moved from its previous quote of 372-396 bps to 372-395 bps.

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