The BLOM Bond Index (BBI) ended Friday’s session with a 0.30% drop to 103.55 points. Demand for Lebanese Eurobonds weakened across all maturities, with the 5Y and 10Y yields on Lebanese Eurobonds adding 2 bps and 6 bps, to 6.15% and 6.79%, respectively.
In contrast, demand for medium term US treasuries increased, broadening the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable by 8 bps to 498 bps.
Similarly the bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) expanded from 446-466 bps to 451-471 bps.
*Between Lebanese and U.S notes
