The Lebanese Eurobonds market registered a positive session on Thursday as shown by the BLOM Bond Index (BBI)’s daily upturn of 0.40% to 103.36 points.
The yields on the 5Y and 10Y Lebanese Eurobonds dropped by 5 basis points (bps) and 8 (bps) to settle at 6.36% and 6.82%, respectively. Appetite for 5 Year US treasury notes also increased as their yield fell from 1.26% to 1.21% on Thursday, which maintained the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes stable at 515 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) barely moved from a bid-ask range of 461-481 bps to a range of 460-480 bps.
*Between Lebanese and U.S notes
