The Lebanese Eurobonds Market Remained Unchanged on Tuesday
The Lebanese Eurobonds market witnessed no change on Tuesday as the BLOM Bond Index (BBI) kept its previous level of 103.45 points.
The yields on the 5Y and 10Y Lebanese Eurobonds steadied at 6.32% and 6.78%, respectively. In the U.S., demand for 5 Year treasury notes faded yesterday as their yield went up from 1.22% to 1.31%, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to narrow by 9 bps to 501 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) also stabilized at their previous bid-ask range of 465-485 bps.