Demand for the Lebanese Eurobonds, mainly short-term maturities, improved on Friday as revealed by the BLOM Bond Index (BBI) which added 0.05% to 104.29 points.
The yield on the Lebanese Eurobonds maturing in 5 years dropped by 1 basis point (bp) to 5.96%, while that of the Lebanese Eurobonds maturing in 10 years gained 1 bp to 6.67%.
As demand for U.S treasuries maturing in 5 years remained unchanged on Friday, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 1 points to 458 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained unchanged at their previous level of 447-467 bps.
*Between Lebanese and U.S notes
