Lebanese Eurobonds Market Weakened on Tuesday

The Lebanese Eurobonds market slightly weakened where the BLOM Bond Index (BBI) dropped by 0.02% to 108.16 points. The 5Y Lebanese Eurobonds’ yield added 1 basis point (bp) to settle at 5.09%, while that of the 10Y steadied at 6.19%. The 5Y spread against the US Treasury benchmark widened by 3 bps to 331 bps. However, the 5Y Credit Default Swaps (CDS) narrowed from 340-375 bps to 338-370 bps.

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