Demand for medium and long term Lebanese Eurobonds remarkably improved on Wednesday as the BLOM Bond Index (BBI) inched up by 0.15% to 103.70 points.
The yield on the 5Y Lebanese Eurobonds dropped by 5 basis points (bps) to 6.15%, while that of the 10Y Lebanese Eurobonds lost 2 bps to 6.71%.
As for the US, demand for the 5Y treasuries remained steady on Wednesday, thus the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts narrowed by 5 bps to 493 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from their previous bid-ask range of 452-472 bps to 448-468 bps.
*Between Lebanese and U.S notes
