Demand for Lebanese Eurobonds improved on Wednesday, as the BLOM Bond Index (BBI) added 0.04% to 103.66 points.
The yield on the 5Y Lebanese Eurobonds remained unchanged at 6.25%, while the yield on the 10Y Lebanese Eurobonds lost 1 (basis point) bp to 6.76%.
As for the US, demand for the 5Y US treasuries increased on Wednesday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts to widen by 3 bps to 499 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) narrowed slightly from their previous bid-ask range of 456-476 bps to 454-474 bps.
*Between Lebanese and U.S notes
