Stable Demand for Lebanese Eurobonds on Wednesday

The Lebanese Eurobonds market witnessed an unchanged demand on Wednesday as reflected in the BLOM Bond Index (BBI) which remained steady at 104.02 points.

The yields on the Lebanese Eurobonds maturing in 5 and 10 years remained unchanged at 6.09% and 6.71%, respectively.

As demand for U.S treasuries weakened yesterday, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 2 basis points (Bps) to 470 bps.

The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) slightly narrowed from their previous level of 446-466 bps to 445-465 bps.

 

 

 

 

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