Demand for Lebanese Eurobonds Retreated on Wednesday
Demand for Lebanese Eurobonds worsened on Wednesday, as the BLOM Bond Index (BBI) decreased by 0.26% to 102.52 points. The yields on the 5Y and 10Y Lebanese Eurobonds went up by 7 and 5 basis points (bps) to 6.57% and 6.93%, respectively. Medium term US notes witnessed a slight increase in demand on Wednesday, as the 5Y yield dropped by 1 bps to 1.27%. Hence, the spread between the 5Y yield on the Lebanese Eurobonds and the US treasury notes broadened by 8 bps to reach 530 bps. Lebanon’s 5Y Credit Default Swaps (CDS) increased from their previous quotes of 441-461 bps to 447-467 bps.