Demand for Long-Term Lebanese Eurobonds Slightly Improved on Tuesday

Demand for long-term Lebanese Eurobonds slightly improved on Tuesday, which translated into the BLOM Bond Index (BBI) barely moving by 0.01% to 107.567 points. The yield on the 10Y down ticked by 1 basis point (bp) to 5.99% while that of the 5Y persisted at 5.20%.  However, the yield on the medium-term U.S bonds went up by 6 bps to close the session at 1.60%. Consequently, the spread between the yields on the 5Y Lebanese Eurobonds and their US counterpart tightened by 6 bps to 360 bps. Lebanon’s 5Y Credit Default Swaps (CDS) slightly drifted from a previous quote of 370-397 bps to 371-396 bps. 

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