Demand for Lebanese Eurobonds remained steady on Thursday, as the BLOM Bond Index (BBI) stabilized at 103.66 points.
The yields on the 5Y and 10Y Lebanese Eurobonds remained unchanged at 6.25% and 6.76%, respectively.
As for the US, demand for the 5Y US treasuries improved on Thursday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts to widen by 5 bps to 504 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from their previous bid-ask range of 454-474 bps to 452-472 bps.
*Between Lebanese and U.S notes