Relatively Stagnant Demand for Lebanese Eurobonds on Friday

Demand for Lebanese Eurobonds remained relatively stable on Friday, as the BLOM Bond Index (BBI) slightly down ticked by 0.01% to settle at 107.37 points. The yield on the 10Y Lebanese Eurobonds declined by 1 basis point (bp) to 6.02% while that of the 5Y remained at 5.24%. As the demand for US mid-term notes continues to witness a positive correction, the spread between the yields on the 5Y Lebanese Eurobonds and its US counterpart broadened by 5 bps to 374 bps. Lebanon’s 5Y Credit Default Swaps (CDS) moved from their previous quotes of 372-396 bps to 370-398 bps.

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