Lebanese Eurobonds Witnessed Mixed Demand on Thursday
Despite a mixture in demand for Lebanese Eurobonds yesterday the BLOM Bond Index (BBI) dropped slightly by 0.01% to 104.94 points. Yields on the 5Y and 10Y Lebanese Eurobonds increased by 3 basis points (bps) and 1 bp to 5.98% and 6.48%, respectively. In the US, demand for medium term maturities weakened causing the 5Y spread between the Lebanese Eurobonds and their U.S counterpart to narrow by 3 bps to 445 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from their previous quotes of 392-417 bps to 398-420 bps.