The Lebanese Eurobonds witnessed a weak demand on Monday as the BLOM Bond Index (BBI) dropped by 0.07% to 103.55 points.
The yield on the 5Y Lebanese Eurobonds remained unchanged at 6.26%, while that of the 10Y Lebanese Eurobonds increased by 1 basis point (bp) to 6.78%. In the U.S., demand for the 5 Year treasury notes weakened on Monday as their yield went up from 1.38% to 1.42%, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts to narrow by 4 bps to 484 bps.
As for Lebanon’s 5Y Credit Default Swaps (CDS), they kept their previous bid-ask range of 465-485 bps.
*Between Lebanese and U.S notes
