Lebanese Eurobonds Market Maintains Slide With 0.09% Drop to 107.34 Points

The Lebanese Eurobonds Market did not halt its slide, with the BLOM Bond Index (BBI) dropping 0.09% to a 7-month low of 107.34. Demand for medium-term maturities declined, pushing the 5Y Lebanese Eurobonds’ yield up by 3 basis points (bps) to 5.39%, as the 10Y Lebanese Eurobonds’ yield steadied at 6.30%. The 5Y spread against the US Treasury narrowed by 4 bps to 371 bps. Meanwhile, the 5Y CDS quote remained at 386 – 416 bps.

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