Modest Increase on the Lebanese Eurobonds’ Market

As demand for medium and long term Lebanese Eurobonds remained unchanged on Monday, the BLOM Bond Index (BBI) gained a mere 0.01% to 103.57 points.

The yields on the 5 Year (5Y) and 10 Year (10Y) Lebanese Eurobonds kept their previous values of 6.25% and 6.77%, respectively.

 As demand for the 5Y US treasuries remained steady, the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts stabilized at 476 bps. 

Lebanon’s 5Y Credit Default Swaps (CDS) barely moved from their previous bid-ask range of 461-481 bps to 460-480 bps.

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