Demand Fell for Lebanese Eurobonds on Monday

Demand for medium and long-term Lebanese Eurobonds weakened on Thursday, as the BLOM Bond Index (BBI) down ticked by 0.03% to settle at 107.72 points. The yields on the 5Y and 10Y Lebanese Eurobonds increased by 1 basis point (bp) and 5 bps to 5.15% and 5.97%, respectively. On the US front, the fall in demand for mid-term notes outpaced that of Lebanon’s which led to the spread between the yields on the 5Y Lebanese Eurobonds and its US comparable to decline by 7 bps to 364 basis points (bps). Lebanon’s 5Y Credit Default Swaps (CDS) remained constant at their previous quote of 370-393 bps.

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