Demand for Lebanese Eurobonds improved on Friday as reflected by the BLOM Bond Index (BBI), which inched up by 0.12% to register 104.01 points.
The yield on the Lebanese Eurobonds maturing in 10 years remained unchanged at 6.72%, while that of the Lebanese Eurobonds maturing in 5 years fell by 5 basis points (bps) to 6.06%.
As demand for U.S treasuries improved, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 2 bps to 486 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained stable at their previous level of 448-468 bps.
*Between Lebanese and U.S notes