BBI Remained on its Downtrend

The Lebanese Eurobonds market declined for the fourth day in a row, due to the decrease in demand for medium and long-term maturities. The BLOM Bond Index (BBI) fell by 0.06% to 108.35 points. The 5Y and 10Y Lebanese Eurobonds’ yields added 1 basis point (bp) each to settle at 5.06% and 6.16%, respectively. The 5Y spread against the US Treasury benchmark narrowed by 3 bps to 323 bps. The 5Y Credit Default Swaps (CDS) steadied at 330-360.

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