Lower Demand Seen for Medium and Long Term Lebanese Eurobonds

Lower demand for medium and long term Lebanese Eurobonds pulled the BLOM Bond Index (BBI) down from 107.18 points to 107.07 on Tuesday. The yield on the 5 Year and 10 Year Lebanese Eurobonds both rose from 5.17% and 6.06% to 5.21% and 6.08%, respectively. The spread between the yield on the 5Y Lebanese Eurobonds and its US comparable widened from 346 basis points (bps) to 354 bps while the Lebanese 5Y Credit Default Swaps (CDS) stabilized at 355-380 bps.

BBI107.07107.18-0.10%
10Y Yield6.08%6.06%2
Spread 10Y US367362-5

 

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