Medium and Long-Term Yields Remained Steady on Thursday

The BLOM Bond Index (BBI) inched up 0.02% to 107.43 points, as the demand for short-term Lebanese Eurobonds improved on Thursday. The yields on the 5Y and 10Y Lebanese notes remained at 5.22% and 6.02%, respectively.  Meanwhile, the spread between the yields on the 5Y Lebanese Eurobonds and their US counterpart widened by 6 basis points (bps) to 371 bps, as the demand for mid-term U.S treasuries rose. Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quotes of 370-397 bps.

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