Demand for Short Term Lebanese Eurobonds Weakened on Thursday

Demand for short-term Lebanese Eurobonds dipped on Thursday, as the BLOM Bond Index (BBI) down ticked by 0.17% to settle at 107.75 points. The yields on the 5Y and 10Y Lebanese Eurobonds remained constant at 5.14% and 5.92%, respectively. Similarly demand for mid-term US notes stagnated which led to the spread between the yields on the 5Y Lebanese Eurobonds and its US counterpart to persist at 371 basis points (bps). Lebanon’s 5Y Credit Default Swaps (CDS) broadened from a previous quote of 365-388 bps to 370-393 bps.

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