Demand for Lebanese Eurobonds Stagnated for the 3rd Consecutive Session on Friday

Demand for Lebanese Eurobonds remained stable on Friday as the BLOM Bond Index (BBI) lingered at 107.43 points. In addition, the yields on the 5Y and 10Y Lebanese notes persisted at 5.22% and 6.02%, respectively for the third consecutive session. Meanwhile, demand for medium-term U.S treasuries recovered for the third session running, causing the spread between the yields on the 5Y Lebanese Eurobonds and their US comparable to broaden by 5 basis points (bps) to 376 bps. Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quotes of 370-397 bps.

Leave a Reply

Your email address will not be published. Required fields are marked *