BBI lost 0.09% to 108.13 points on Friday

The Lebanese Eurobonds Market reversed its increasing trendlast week, with the BLOM Bond Index (BBI) losing 0.09% to 108.13 points. The 5Y Lebanese Eurobonds’ yield added 2 basis points to 5.19%, while the 10Y Lebanese Eurobonds’ yield steadied at 6.21%. The 5Y spread against the US Treasury benchmark widened by 9 bps to 359 bps, as the U.S bond market corrected after U.S jobs trailed forecasts. The 5Y Credit Default Swaps (CDS) were last quoted at 350-380 bps.

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