BBI Stayed on its Downhill Path

The Lebanese Eurobonds market continued its downward trend after a slight increase the prior day. The BLOM Bond Index (BBI) lost 0.03% to 108.25 points. The 5Y and 10Y Lebanese Eurobonds’ yields added 1 basis point (bp) each to settle at 5.07% and 6.18%, respectively. The 5Y spread against the US Treasury benchmark narrowed by 3 bps to 325 bps. Meanwhile, the 5Y Credit Default Swaps (CDS) steadied at 330-360.

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