BBI Gained 0.06% to 108.33 Points on Wednesday

 The Lebanese Eurobonds Market strengthened, with the BLOM Bond Index (BBI) gaining 0.06% to 108.33 points on the back of increased demand for short-term bonds. The 5Y Lebanese Eurobonds’ yield lost 2 basis points (bps) to 5.12%, while the 10Y Lebanese Eurobonds’ yield remained at 6.18%. The 5Y spread against the US Treasury narrowed to 351 bps, while the 5Y Credit Default Swaps (CDS) broadened by 7 bps to 372-402 bps.

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