The BLOM Bond Index (BBI) added a marginal 0.01% to 103.60 points on Wednesday as increasing demand for long term maturities offset the weakening demand for medium term Eurobonds.
The yield on the 5Y Lebanese Eurobonds lost 3 basis points (bps) to 6.13%, while the yield on the 10Y Lebanese Eurobonds gained 2 bps to 6.78%.
As for the US, demand for the 5Y treasuries dropped yesterday, thus the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts narrowed by 9 bps to 481 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) remained unchanged at their previous bid-ask range of 443-463 bps.
*Between Lebanese and U.S notes
