Higher Appetite for the Lebanese Eurobonds on Thursday

The Lebanese Eurobonds market witnessed a growth in demand on Thursday as the BLOM Bond Index (BBI) went up by 0.40% to 103.62 points.  

The yield on the 5Y Lebanese Eurobonds remained steady at 6.26%, while that of the 10Y Lebanese Eurobonds fell by 3 basis points (bps) to 6.77%. In the U.S., demand for the 5 Year treasury notes increased yesterday as their yield decreased from 1.34% to 1.33%, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to widen by 1 bp to 493 bps.

Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from their previous bid-ask range of 467-487 bps to 465-485 bps.

 

 

 

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