Stagnant Activity for the Lebanese Eurobonds on Friday

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.

 

 

 

 

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