The overall appetite for Lebanese Eurobonds waned on Friday, with the heaviest declines registered for short and medium term maturities. Accordingly, the BLOM BOND INDEX (BBI) went down by 0.407% to 103.413 points. The yields on the 5Y and 10Y Lebanese Eurobonds augmented by 8 basis points (bps) and 3 bps to 6.28% and 6.75%, respectively. On the other hand, demand for medium term US treasuries progressed, resulting in the 5Y yield spread between Lebanese Eurobonds and their US comparable to broaden by 12 bps to 471 bps. The 5Y Credit Default Swaps broadened from their previous quotes of 421-438 bps to 424-444 bps.
*Between Lebanese and U.S notes