The Lebanese Eurobonds witnessed a stagnant demand on Tuesday as the BLOM Bond Index (BBI) remained unchanged at 103.55 points.
The yield on the 5Y and 10Y Lebanese Eurobonds remained steady at 6.26% and 6.78%, respectively. In the U.S., demand for the 5 Year Treasury notes increased yesterday as their yield decreased from 1.42% to 1.34%. As a result, the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts broadened by 8 bps to 492 bps.
As for Lebanon’s 5Y Credit Default Swaps (CDS), they narrowed from their previous bid-ask range of 465-485 bps to 464-484 bps.
*Between Lebanese and U.S notes
