Demand for Lebanese Eurobonds Remained Stable on Thursday

Demand for Lebanese Eurobonds remained stagnant yesterday, as the BLOM Bond Index (BBI) steadied at 107.89 points. Similarly, yields on the 5Y and 10Y Lebanese Eurobonds remained at 5.12% and 5.94%, respectively. In contrast, the 5Y U.S notes saw a slight progression in demand, illustrated by their yield dropping 2 basis points (bps) to 1.51%. In turn, the spread between the yield on the 5Y Lebanese Eurobonds and its US comparable broadened by 2 bps to 361 bps. Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quotes of 369-396 bps for the past 4 sessions.

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