The BLOM Bond Index (BBI) reached 103.67 points, rising by 0.072% from its previous level and that on account of higher demand for short-term Lebanese Eurobonds.
The yields on the Lebanese Eurobonds maturing in 5 and 10 years stabilized at 6.12% and 6.79%, respectively.
The spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 2 basis point to 472 basis points (bps). In fact, demand for US treasuries increased in light of a string of poor US data and expectations for the Federal Reserve to keep interest rates steady at the latest FOMC meeting.
Monday’s bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) steadied at 444-464 bps.
*Between Lebanese and U.S notes