Demand for Medium and Long-term Maturities Declined

The Lebanese Eurobonds market continued its downward trend due to declining demand on medium and long-term maturities. The BLOM Bond Index (BBI) lost 0.04% to 108.20 points. The 5Y and 10Y Lebanese Eurobonds’ yields added 1 basis point (bp) each to settle at 5.08% and 6.19%, respectively. The 5Y spread against the US Treasury benchmark narrowed by 2 bps to 323 bps. Meanwhile, the 5Y Credit Default Swaps (CDS) steadied at 330-360.

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