The BLOM Bond Index (BBI) increased by 0.03% to 103.59 points on Friday as demand for medium and long term Lebanese Eurobonds improved.
The yields on the 5Y and 10Y Lebanese Eurobonds dropped by 1 basis point (bp) each to settle at 6.25% and 6.77%, respectively.
As the yield on the 5Y US treasuries went down by 5 bps on Friday, the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts widened by 4 bps to 491 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from their previous bid-ask range of 452-472 bps to 450-470 bps.
*Between Lebanese and U.S notes