The Lebanese Eurobond market remained stable on Tuesday, as shown by the BLOM Bond Index (BBI) that kept its previous value of 103.59 points.
The yields on the 5Y and 10Y Lebanese Eurobonds stayed at their previous values of 6.16% and 6.76%, respectively.
As for the US, demand for the 5Y treasuries dropped on Tuesday, thus the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts narrowed by 2 bps to 490 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) narrowed marginally from the previous bid-ask range of 444-464 bps to 443-463 bps.
*Between Lebanese and U.S notes
