Lebanese Eurobonds Ended Friday’s Session in the Red

The BLOM Bond Index (BBI) went down by 0.25% to 102.76 points on Friday, triggered by a fading demand for medium and long term Lebanese Eurobonds. Each of the yields on the 5Y and 10Y Lebanese Eurobonds have increased by 6 basis points (bps) to 6.46% and 6.90%, respectively. As demand for medium term US treasury improved, the spread between the yield on the 5Y Lebanese Eurobonds and the yield on the 5Y US treasuries widened by 12 bps to 500 bps. The 5Y Credit Default Swaps broadened from their previous quotes of 427-457 bps to 440-460bps.

 

 

 

 

 

 

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