The Lebanese Eurobonds witnessed a negative performance on Wednesday as the BLOM Bond Index (BBI) dropped by 0.04% to 103.50 points.
The yield on the 5Y Lebanese Eurobonds remained steady at 6.26%, while that of the 10Y Lebanese Eurobonds gained 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 1.34% to 1.39%. As a result, the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts narrowed by 5 bps to 487 bps.
As for Lebanon’s 5Y Credit Default Swaps (CDS), they slightly narrowed from their previous bid-ask range of 464-484 bps to 463-483 bps.
*Between Lebanese and U.S notes
