Slow Activity on the Lebanese Eurobonds Market

Little change was seen on the Lebanese Eurobonds market as the BLOM Bond Index (BBI) ticked up by 0.005% to 107.20 points on Friday. The yield on the 10 Year Lebanese Eurobonds steadied at 6.06% while the yield on the 5 Year Lebanese Eurobonds slid by 1 basis point (bp) to 5.17%. The spread between the yield on the 5Y Lebanese Eurobonds and its US comparable narrowed by 11 bps to 349 bps as demand for 5Y US notes slumped on Friday. As for Lebanon’s 5Y Credit Default Swaps (CDS), they steadied at 355-380 bps.

 

BBI107.200107.1950.005%
10Y Yield6.06%6.06% – 
Spread 10Y US36437410

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