BBI Concluded Week with 0.02% Uptick to 107.39 Points on Thursday

Demand for Lebanese Eurobonds remained relatively stable on Thursday, following 5 consecutive positive showings on the BLOM Bond Index (BBI). This translated into the BBI slightly inching up by 0.02% to settle at 107.39 points. In addition, the 5Y and 10Y Lebanese Eurobonds stagnated at respective yields of 5.22% and 6.04%. Meanwhile, medium term US securities experienced a minor strengthening in demand, illustrated by the 2 basis points (bps) decrease on the 5Y US notes to 1.31%. The spread on the 5Y Lebanese securities and its US comparable broadened by 2 bps to 391 bps. In addition, Lebanon’s 5Y Credit Default Swaps (CDS) stalled at its previous quote of 372-396 bps.

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