Demand for Lebanese Eurobonds Weakened on Friday

Demand for Lebanese Eurobonds slightly fell on Friday, as the BLOM Bond Index (BBI) dropped by 0.02% to 107.19 points. The yield on the 10Y Lebanese Eurobonds steadied at 6.05% while that of the 5Y ticked up by 1 basis point (bp) to 5.19%. Demand for medium-term U.S notes improved pushing the yield on those notes down by 6 bps to 1.59%. Consequently, the spread between the 5Y Lebanese Eurobonds and its US equivalent broadened by 7 bps to 360 bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) moved from a previous quote of 341-365 bps to 339-367 bps.

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