Negative Performance on the Lebanese Eurobonds Market on Thursday
Following two sessions of stagnating performance, demand on the Lebanese Eurobonds market declined on Thursday, sending the BLOM BOND INDEX (BBI) down by 0.26% to 103.835 points. The yields on the 5Y and 10Y Lebanese Eurobonds went up by 5 basis points (bps) each to 6.20% and 6.72%, respectively. On the other hand, demand for medium term US treasuries improved, resulting in the 5Y yield spread between Lebanese Eurobonds and their US comparable to broaden by 17 bps to 459 bps. The 5Y Credit Default Swaps broadened from their previous quotes of 415-435 bps to 421-438 bps.