The BLOM Bond Index (BBI) lost a marginal 0.01% to 103.59 points on Thursday as demand for long term maturities on Lebanese Eurobonds slightly dropped.
The yield on the 5Y Lebanese Eurobonds lost 1 basis point (bp) to 6.12%, while the yield on the 10Y Lebanese Eurobonds gained 1 bp to 6.79%.
As for the US, demand for the 5Y treasuries dropped at a faster rate yesterday, thus the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts narrowed by 4 bps to 477 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
