The Lebanese Eurobonds Market Barely moved on Friday
The Lebanese Eurobonds market remained stagnant on Friday as the BLOM Bond Index (BBI) downticked by a marginal 0.001% to 103.36 points.
The yields on the 5Y and 10Y Lebanese Eurobonds stabilized at 6.37% and 6.80%, respectively. In the U.S., demand for 5 Year treasury notes faded as their yield went down from 1.16% to 1.23% in the last session of the week, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to narrow by 7 bps to 514 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) also remained unchanged at their previous bid-ask range of 464-484 bps.