Demand for long term Lebanese Eurobonds improved on Thursday as reflected by the BLOM Bond Index (BBI) which registered a reading of 103.87 points, increasing by 0.07% from its previous level.
The yield on the Lebanese Eurobonds maturing in 5 years went up by 2 basis points (bps) to 6.11%, while that of the Lebanese Eurobonds maturing in 10 years fell by 2 bps to 6.73%.
As demand for U.S treasuries improved, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable broadened by 5 points to 491 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) widened from its previous level of 443-463 bps to 448-468 bps.
*Between Lebanese and U.S notes
