Lebanese Eurobonds Recovered on Thursday

Demand for Lebanese Eurobonds improved on Thursday, as the BLOM Bond Index (BBI) increased by 0.13% to 102.65 points. The yield on the 5Y  Lebanese Eurobonds dropped by 7 basis points (bps) to 6.50%, while that of the 10Y bonds slightly up ticked by 1 bp to 6.94%. Demand for medium term US notes continued to increase on Thursday, as the 5Y yield dropped by 2 bps to 1.25%. Hence, the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes narrowed down by 5 bps to reach 525 bps. Lebanon’s 5Y Credit Default Swaps (CDS) merely increased from their previous quotes of 447-467 bps to 448-468 bps.

 

 

 

 

 

 

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