Decline in demand for the Lebanese Eurobonds on Thursday
The BLOM Bond Index (BBI) went down by 0.18% to 103.018 points on Thursday, caused by a weakening demand for medium and long term Lebanese Eurobonds. The yields on the 5Y and 10Y Lebanese Eurobonds increased by 1 basis point (bp) and 4 bps to 6.40% and 6.84%, respectively. As demand for medium term US treasury improved, the spread between the yield on the 5Y Lebanese Eurobonds and the yield on the 5Y US treasuries remained unchanged at 488 bps. Similarly, the 5Y Credit Default Swaps steadiedat their previous quotes at 427-457 bps.