The Lebanese Eurobonds market remained unchanged on Friday as the BLOM Bond Index (BBI) steadied at 103.62 points.
Yields on the 5Y and 10Y Lebanese Eurobonds remained at 6.26% and 6.77%, respectively. In the U.S., demand for the 5 Year treasury notes faded on Friday as their yield went up from 1.33% to 1.38%, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to narrow by 5 basis points (bps) to 488 bps.
As for Lebanon’s 5Y Credit Default Swaps (CDS), they kept their previous bid-ask range of 465-485 bps.