Demand for Long Term Lebanese Eurobonds Progressed on Tuesday

Demand for long-term Lebanese Eurobonds slightly improved on Tuesday, sending the BLOM Bond Index (BBI) higher by 0.04% to 107.25 points. The yield on the 10Y Lebanese Eurobonds ticked down by 1 basis points (bps) to 6.05%, while that of the 5Y steadied at 5.18%. On the US front, demand for medium-term US notes improved, causing the spread between the yield on the 5Y Lebanese Eurobonds and its US equivalent to broaden by 1 bps to 363 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they widened from a previous quote of 353-378 bps to 358-383 bps.

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