Demand for Lebanese Eurobonds stabilized on Monday, as the BLOM Bond Index (BBI) merely decreased by 0.001% to reach 102.76 points. The yields on the 5Y and 10Y Lebanese Eurobonds remained unchanged at 6.48% and 6.92%, respectively. Demand for medium term US notes also stabilized at 1.20%, since the market was closed on President’s Day holiday. Hence, the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes steadied at 528 bps. Lebanon’s 5Y Credit Default Swaps (CDS) also maintained their previous quotes of 462-482 bps.
*Between Lebanese and U.S notes
