Demand for Lebanese Eurobonds waned on Tuesday, causing the BLOM BOND INDEX (BBI) to decline by 0.16% to 103.69 points. The yields on the 5Y and 10Y Lebanese Eurobonds declined from Monday’s level by 4 basis points (bps) each to 6.20% and 6.73%, respectively. Demand for medium term US treasuries fell at a faster pace compared to its Lebanese counterpart, narrowing the 5Y yield spread between both notes by 1 bps to 449 bps. The 5Y Credit Default Swaps tightened from their previous quotes of 411-431 bps to 410-430 bps.
*Between Lebanese and U.S notes
