Demand for Lebanese Eurobonds Dropped on Thursday

The BLOM Bond Index (BBI) declined by 0.08% to 107.56 points, as demand for Lebanese Eurobonds fell on Thursday. The yields on the 5Y and 10Y went up by 2 basis points (bps) and 1 bp to 5.20% and 6.00%, respectively. On the US front, demand for medium-term U.S notes improved, illustrated by the 4 bps drop in their yield to end up at 1.53%. Consequently, the spread between the yields on the 5Y Lebanese Eurobonds and their US equivalent widened by 6 bps to 367 bps. Lebanon’s 5Y Credit Default Swaps (CDS) slightly drifted from a previous quote of 371-395 bps to 370-395 bps.

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