Demand for Lebanese Eurobonds seemed disparate during the last session of the year. Nevertheless, the BLOM BOND INDEX (BBI) increased by 0.03% to 104.11 points on Wednesday, registering a year-to-date loss of 3.13%. The yield on the 5Y decreased by 4 basis points (bps) to 6.10% while that of the 10Y gained 3 bps to 6.67%. Demand for medium term US treasuries improved but at a slower pace than that of its Lebanese counter-part, causing the 5Y yield spread between both notes to narrow by 3 basis points to 430 bps. The 5Y Credit Default Swaps expanded from their previous quotes of 411-431 bps to reach 416-436 bps.
*Between Lebanese and U.S notes
