Stagnant Activity Observed on the Lebanese Eurobonds Market on Thursday
Demand for short-term Lebanese Eurobonds witnessed a slight improvement on Thursday, pulling the BLOM Bond Index (BBI) up by a marginal 0.02% to 104.79 points. Yields on the 5Y and 10Y Lebanese Eurobonds steadied at 6.00% and 6.48%, respectively. In the US, demand for medium-term maturities declined, narrowing the 5Y spread between the Lebanese Eurobonds and their U.S comparable by 3 basis points (bps) to 460 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they went from 389-412 bps to 395-405 bps.