The BLOM Bond Index (BBI) gained a mere 0.01% to 103.58 points on Tuesday as demand for medium and long term Lebanese Eurobonds remained unchanged.
The yield on the 5 Year (5Y) Lebanese Eurobonds gained 1 basis point (bp) to 6.26%, while that of the 10Y Lebanese Eurobonds kept it previous value of 6.77%.
As the yield for the 5Y US treasuries went up also by 1 bp yesterday, 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) narrowed from their previous bid-ask range of 460-480 bps to 454-474 bps.
*Between Lebanese and U.S notes
