BBI Declined for the Fifth Day in a Row

The Lebanese Eurobonds market weakened for the fifth day in a row, due to the decrease in demand for medium and long-term maturities. The BLOM Bond Index (BBI) fell by 0.10% to 108.24 points. The 5Y and 10Y Lebanese Eurobonds’ yields added 1 basis point (bp) and 2 bps to settle at 5.07% and 6.18%, respectively. The 5Y spread against the US Treasury benchmark widened by 4 bps to 327 bps. Meanwhile, The 5Y Credit Default Swaps (CDS) steadied at 330-360.

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