Increasing Demand for Lebanese Eurobonds on Friday

Demand on Lebanese Eurobonds increased on Friday, where the BLOM Bond Index (BBI) gained 0.13% to 106.68 points. The yields on the 5Y and 10Y Lebanese Eurobonds declined by 2 basis points (bps) each to 5.35% and 6.15%, respectively. In terms of the spread between the 5Y Lebanese Eurobonds and its US equivalent, it broadened by 4 bps to 393 bps as the demand for medium term US securities continued to increase at a greater rate than that of the Lebanese Eurobonds. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) widened from 370-390 bps to 371-395 bps.

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