Demand for Lebanese Eurobonds improved on Friday, as the BLOM Bond Index (BBI) went up by 0.11% to 106.52 points. In fact, the yields on the 5Y and 10Y Lebanese Eurobonds down-ticked by 1 basis point (bp) and 2 bps to 5.35% and 6.18%, respectively. As the demand for medium-term US notes fell, the spread between the 5Y Lebanese Eurobonds and its US equivalent narrowed by 6 bps to 360 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they steadied at 336-364 bps, for the 5th consecutive session.
| BBI | 106.52 | 106.40 | 0.11% |
| 10Y Yield | 6.18% | 6.20% | -2 |
| Spread10Y US | 371 | 378 | -7 |