The BLOM Bond Index (BBI) lost 0.14% on Monday to 103.86 points. The yield on the Lebanese Eurobonds maturing in 5 years remained unchanged at 6.11% while the yield on the Lebanese Eurobonds maturing in 10 years rose by 2 basis points (bps) to 6.73%.
The spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable widened by 11 bps to 486 bps. The yield on the US treasuries maturing in 5 and 10 years rose by 2 bps each to 1.25% and 1.73%, respectively on account of Janet Yellen’s relatively upbeats speech yesterday.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) stabilized at their previous level of 446-466 bps.
*Between Lebanese and U.S notes
