The Lebanese Eurobonds market witnessed a fading demand on Wednesday as the BLOM Bond Index (BBI) dropped by 0.24% to 103.21 points.
The yield on the 5Y Lebanese Eurobonds fell by 6 basis points (bps) to 6.26%, while that of the 10Y Lebanese Eurobonds increased by 2 basis points (bps) to 6.80%. In the U.S., demand for the 5 Year treasury notes weakened yesterday as their yield went up from 1.31% to 1.34%, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to narrow by 9 bps to 492 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) broadened from their previous bid-ask range of 465-485 bps to 467-487 bps.
*Between Lebanese and U.S notes
