BBI dropped off by 0.03% on September 9th

The Lebanese Eurobonds market halted its improvement, where the BLOM Bond Index (BBI) fell marginally by 0.03% to 108.55 points. The 5Y and 10Y Lebanese Eurobonds’ yields added 1 basis point (bp) each to settle at 5.03% and 6.12%, respectively. The 5Y spread against the US Treasury benchmark narrowed by 3 bps to 327 bps. Likewise the 5Y Credit Default Swaps (CDS) tightened to 330-360 bps from the prior day’s quote of 336-366 bps.

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