The Lebanese Eurobonds market witnessed a weaker demand for the medium term maturities on Thursday as reflected in the BLOM Bond Index (BBI) which lost a mere 0.01% to 104.00 points.
The yield on the Lebanese Eurobonds maturing in 10 years remained unchanged at 6.71%, while that of the Lebanese Eurobonds maturing in 5 years added 2 basis points (bps) to 6.11%.
As demand for U.S treasuries improved yesterday, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable widened by 5 bps to 475 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) slightly broadened from their previous level of 445-465 bps to 446-466 bps.
*Between Lebanese and U.S notes
