The BLOM Bond Index (BBI) showed a steady performance on Tuesday as demand for Lebanese Eurobonds remained stable, thus the index kept its previous level of 103.42 points.
The yields on the 5Y and 10Y Lebanese Eurobonds remained unchanged at 6.23% and 6.75%, respectively.
As for the US, demand for the 5Y US treasuries increased on Tuesday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts to broaden by 7 bps to 506 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) widened from their previous bid-ask range of 452-472 bps to 454-474 bps.
*Between Lebanese and U.S notes
