Progressing demand for medium and long-term Lebanese Eurobonds pushed up the BLOM Bond Index (BBI) on Tuesday by a mere 0.02% to 104.12 points.
The yield on the Lebanese Eurobonds maturing in 5 years lost 3 basis points (bps) to 5.96%, while that of the Lebanese Eurobonds maturing in 10 years dropped by 1 bp to 6.67%.
As demand for U.S treasuries maturing in 5 years weakened on Tuesday, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 6 points to 455 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