The BLOM Bond Index (BBI) decreased by 0.35% to 102.56 points, recording a 1.5% decline since the beginning of the year. The yields on the 5Y and 10Y Lebanese Eurobonds went up by 7 basis points (bps) and 8 bps to 6.54% and 6.95% respectively. Following the collapse of global equity markets yesterday, demand for US treasury bonds increased, as investors shifted their demand towards safer assets. Therefore, the spread between the yield on the 5Y Lebanese Eurobonds and the yield on the 5Y US treasuries widened by 12 points to 510 bps. Lebanon’s 5Y Credit Default Swaps slightly narrowed from their previous quotes of 442-462 bps to 441-461 bps.
*Between Lebanese and U.S notes
