The Lebanese Eurobonds Market Stabilized on Tuesday

Demand for Lebanese Eurobonds barely moved on Tuesday as the BLOM Bond Index (BBI) witnessed a 0.01% uptick to 103.38 points.  

The yield on the 5Y Lebanese Eurobonds gained 1 basis point (bp) to 6.37% while that of the 10Y Lebanese Eurobonds lost 1 bp to 6.81%. However, demand for 5 Year US treasury notes increased as their yield went down from 1.25% to 1.23% yesterday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to broaden by 3 bps to 514 bps.

Lebanon’s 5Y Credit Default Swaps (CDS) also remained steady at a bid-ask range of 459-479 bps.

 

 

 

 

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