The Lebanese Eurobonds witnessed a negative performance on Thursday as the BLOM Bond Index (BBI) dropped 0.02% to 103.48 points.
The yield on the 5Y Lebanese Eurobonds gained 2 basis points (bps) to 6.28%, while that of the 10Y Lebanese Eurobonds decreased by 2 bps to 6.78%. In the U.S., demand for the 5 Year Treasury notes weakened yesterday as their yield went up from 1.39% to 1.45%. As a result, the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts narrowed by 4 bps to 483 bps.
As for Lebanon’s 5Y Credit Default Swaps (CDS), they remained steady at their previous bid-ask range of 463-483 bps.
*Between Lebanese and U.S notes
