Higher demand for Lebanese Eurobonds boosted the BLOM Bond Index (BBI) which gained 0.07% to 103.56 points on Friday. The yield on the 5 Year (5Y) and 10 Year (10Y) Lebanese Eurobonds fell from 6.28% and 6.78% to 6.22% and 6.77%, respectively. The spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts narrowed by 10 bps to 473 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they barely moved from their previous bid-ask range of 463-483 bps to 461-481 bps.
*Between Lebanese and U.S notes
