Stronger Demand for Lebanese Eurobonds on Wednesday

Demand for medium and long term Lebanese Eurobonds strengthened on Wednesday, as the BLOM Bond Index (BBI) increased by 0.19% to settle at 107.71 points. The yields on 5Y and 10Y Lebanese Eurobonds declined by 4 basis points (bps) each to respectively settle at 5.20% and 6.00%. The spread between the yields on the 5Y Lebanese Eurobonds and their US comparable narrowed by 10 bps to 379 as demand for medium term notes rose in Lebanon while it narrowed in the US. Lebanon’s 5Y Credit Default Swaps (CDS) remained unchanged at 371-394 bps.

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