BBI Posted a 0.07% Drop on Friday

The Lebanese Eurobonds market kept weakening where the BLOM Bond Index (BBI) dropped by 0.07% to 108.13 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 326 bps. Likewise, the 5Y Credit Default Swaps (CDS) broadened from 330-360 bps to 340-375 bps.

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