Demand for Lebanese Eurobonds on a Good Streak on Thursday

The 0.12% increase in the BLOM Bond Index (BBI) to 103.88 points to stronger demand for Lebanese Eurobonds. The yields on the 5Y Lebanese Eurobonds declined by 5 basis points (bps) to 6.15% while the 10Y yield steadied at 6.69%. The 5Y yield spread between Lebanese Eurobonds and their US comparable narrowed by 9 bps to 447 bps while the 5Y Credit Default Swaps widened from their previous quotes of 408-428 bps to 413-433 bps.


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