Lebanese Eurobonds Continued to Register Higher Demand on Friday

The BLOM Bond Index (BBI) added 0.28% to 103.35 points on Friday on account of higher demand for medium and long term Lebanese Eurobonds. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 11 basis points (bps) and 9 bps to 6.35% and 6.76%, respectively. Accordingly the 5Y yield spread between the Lebanese Eurobonds and their US comparable narrowed by 8 bps to 464 bps. As for the 5Y Credit Default Swaps, they barely moved from a previous quote of 406-426 bps to a quote of 407-427 bps.


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