No change in demand for Lebanese Eurobonds was noted on Friday, as the BLOM Bond Index (BBI) steadied at 102.79 points. The yield on the 10Y Lebanese Eurobonds dropped by 1 basis point (bp) to 6.88%, while the yield on the 5Y Lebanese Eurobonds remained at 6.50%. Demand for medium term US notes improved on Friday, as the 5Y yield dropped by 7 bps to 1.36%. Hence, the spread between the 5Y yields on the US treasury notes and Lebanese Eurobonds broadened by 7 bps to reach 517 bps. Lebanon’s 5Y Credit Default Swaps (CDS) increased from their previous quotes of 445-466 bps to 452-472 bps.
*Between Lebanese and U.S notes
