Lebanese Eurobonds Market Exibited Positive Performance on Wednesday

The BLOM Bond Index (BBI) went up by 0.14% to 107.41 points, as the demand for medium and long-term Lebanese Eurobonds progressed on Wednesday. The yields on the 5Y and 10Y Lebanese notes declined by 2 basis points (bps) and 3 bps to 5.22% and 6.02%, respectively. The spread between the yields on the 5Y Lebanese Eurobonds and their US counterpart narrowed slightly by 1 bp to 365 bps, considering that the demand for mid-term Lebanese notes grew faster than that of the US. Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quotes of 370-397 bps.

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