Quiet Day on the Lebanese Eurobonds Market for the 3rd Session Running

As the festive season is still holding back the Lebanese Eurobonds Market, the BLOM BOND INDEX (BBI) remained at 104.08 points or the 3rd consecutive session, registering a year-to-date loss of 3.16%. The yields on the 5Y and 10Y Lebanese Eurobonds remained at Monday’s level of 6.14% and 6.64%, respectively.  Demand for medium term US treasuries regressed, causing the 5Y yield spread between Lebanese Eurobonds and their US comparable to narrow by 8 basis points (bps) to 433 bps. The 5Y Credit Default Swaps lingered at their previous quotes of 411-431 bps for the 7th consecutive session.

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