Appetite for Medium and Long Term Lebanese Eurobonds Improved Yesterday
Demand for long term Lebanese Eurobonds progressed on Thursday, sending the BLOM BOND INDEX (BBI) 0.06% higher to 103.85 points. The 10 Y yield on Lebanese Eurobonds went down from Wednesday’s level by 2 basis points (bps) to 6.69%, while that of the 5Y steadied at 6.16%. Demand for medium term US treasuries improved yesterday, broadening the 5Y yield spread between Lebanese Eurobonds and their US comparable by 2 bps to 443 bps. The 5Y Credit Default Swaps widened from their previous quotes of 410-430 bps to 411-431 bps.