Demand for Lebanese Eurobonds witnessed a minor improvement on Monday as the BLOM Bond Index (BBI) ticked up by 0.01% to 103.51 points.
The yield on the 5Y Lebanese Eurobonds decreased by 1 basis point (bp) to 6.20%, while that of the 10Y Lebanese Eurobonds added 1 bp to 6.74%.
As for the US, demand for the 5Y treasuries slightly weakened on Monday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts to narrow by 1 bps to 504 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from their previous bid-ask range of 454-474 bps to 453-473 bps.
*Between Lebanese and U.S notes
