Demand for Lebanese Eurobonds Slipped on Monday

While demand for short and medium term Lebanese Eurobonds declined on Monday, appetite for medium long term maturities remained relatively stable. As a result, the BLOM Bond Index (BBI) ticked down by 0.025% to 102.738 points. Yields on the 5Y and 10Y Lebanese Eurobonds remained steady at 6.46% and 6.90%, respectively. Similarly, the spread between the yield on the 5Y Lebanese Eurobonds and the yield on the 5Y US treasuries stabilized at 500 bps. The 5Y Credit Default Swaps broadened from their previous quotes of 440-460 bps to 440-465 bps.

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