BBI dropped for the Third Day in a Row

The Lebanese Eurobonds market weakened for the third day in a row, due to the drop in demand for medium and long-term maturities. The BLOM Bond Index (BBI) fell by 0.04% to 108.41 points. The 5Y and 10Y Lebanese Eurobonds’ yields added 1 basis point (bp) each to settle at 5.05% and 6.15%, respectively. The 5Y spread against the US Treasury benchmark widened by 1 bp to 326 bps. The 5Y Credit Default Swaps (CDS) steadied at 330-360.

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