Demand for Lebanese Eurobonds Stagnated During the First Session of the Week
With the holiday season looming, demand for Lebanese Eurobonds remained unchanged on Monday, illustrated by the BLOM BOND INDEX (BBI) steadying at 103.85 points. The yields on the 5Y and 10Y Lebanese Eurobonds remained at Friday’s level of 6.16% and 6.70%, respectively. Demand for medium term US treasuries also stagnated over the same period, causing the 5Y yield spread between Lebanese Eurobonds and their US comparable to steady at 449 bps. The 5Y Credit Default Swaps also maintained their previous quotes of 411-431 bps.