Stable Demand for Medium and Long-Term Lebanese Eurobonds

The BLOM Bond Index (BBI) inched up by 0.02% to settle at 107.39 points, as the demand for short-term Lebanese Eurobonds improved on Monday. Meanwhile, demand for Lebanese 5Y and 10Y notes remained stable as their respective yields persisted at 5.24% and 6.02%. The spread between the yields on the 5Y Lebanese Eurobonds and its US equivalent narrowed by 9 basis points (bps) to 365 bps as the demand for US mid-term notes adhered to their recent trend of poor showings. Lebanon’s 5Y Credit Default Swaps (CDS) stagnated at their previous quotes of 370-398 bps.

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