Slow Activity on the Lebanese Eurobonds Market on Wednesday
Demand for Lebanese Eurobonds was relatively shy yesterday causing the BLOM Bond Index (BBI) to marginally fall by 0.03% to 104.94 points. Yields on the 5Y and 10Y Lebanese Eurobonds steadied at Tuesday’s levels of 5.95% and 6.47%, respectively. In the US, demand for medium term maturities regressed causing the 5Y spread between the Lebanese Eurobonds and their U.S counterpart to narrow by 9 basis points (bps) to 448 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly narrowed from their previous quotes of 395-418 bps to 392-417 bps.