Frail demand for Lebanese Eurobonds highlighted the first session of the week, causing the BLOM BOND INDEX (BBI) to marginally tick down by 0.01% to 103.85 points. The yields on the 5Y and 10Y Lebanese Eurobonds steadied at Friday’s level of 6.16% and 6.69%, respectively. The 5Y yield spread between Lebanese Eurobonds and their US comparable narrowed by 10 bps to 450 bps as demand for medium term maturities regressed. The 5Y Credit Default Swaps narrowed from their previous quotes of 414-413 bps to 411-431 bps.
*Between Lebanese and U.S notes
