Lebanese Eurobonds Revealed Sluggish Performance on Monday

Lebanese Eurobonds’ market witnessed a slight slip of 0.11% as the BLOM Bond Index (BBI) registered 106.86 points on Monday. Yet, the substantial demand that characterized the new Eurobonds’ issuance last week triggered down the 10Y yield by 8 basis points (bps) to 6.09%. The 5Y Eurobonds’ yield followed at a slower pace and posted a 1 bp downtick to 5.26%. In saying that, the 5Y Lebanese Eurobonds and their US comparable tightened by 4 bps to 369 bps. Moreover, the Lebanon’s 5Y Credit Default Swaps (CDS) declined from 369-393 bps to 365-389 bps.

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