The BBI dropped 0.04% on Monday

The Lebanese Eurobonds stumbled, where the BLOM Bond Index (BBI) slightly dropped 0.04% to 108.22 points. The 5Y Lebanese Eurobonds’ yield stabilized at 5.15%, while the 10Y Lebanese Eurobonds’ yield gained 1 basis point to 6.22%. The 5Y spread against the US Treasury benchmark steadied at 360 bps. Similarly, the 5Y Credit Default Swaps (CDS) broadened by 4 bps to 339-369 bps.

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