Demand for Medium Term Lebanese Eurobonds Slightly Fell Last Friday
The 0.02% down tick in the BLOM Bond Index (BBI) to 103.86 points was mainly due to weaker demand for medium term Lebanese Eurobonds on Friday. The yields on the 5Y Lebanese Eurobonds ticked up by 1 basis point (bp) to 6.16% while the 10Y yield steadied at 6.69% for the third consecutive session. The 5Y yield spread between Lebanese Eurobonds and their US comparable broadened by 13 bps to 460 bps as demand for medium term maturities improved. The 5Y Credit Default Swaps widened from their previous quotes of 413-433 bps to 414-434 bps.