Demand for short and medium term Lebanese Eurobonds improved on Tuesday as reflected by the BLOM Bond Index (BBI) which inched up by 0.05% to register 104.06 points.
The yield on the Lebanese Eurobonds maturing in 10 years added 2 basis points (bps) to 6.71%, while that of the Lebanese Eurobonds maturing in 5 years fell by 3 bps to 6.03%.
As demand for U.S treasuries maturing in 5 years remained stable, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 3 points to 483 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained unchanged at their previous level of 448-468 bps.
*Between Lebanese and U.S notes
