Lebanese Eurobonds Market Improved for the Second Day

The Lebanese Eurobonds market improved for the second session in a row, with the BLOM Bond Index (BBI) increasing by 0.15% to 108.12 points. Demand on Lebanese Eurobonds rallied, with the 5Y and 10Y Lebanese Eurobonds’ yields dropping by 3 basis points (bps) and 1 bp to 5.18% and 6.23%, respectively. The 5Y spread against the US Treasury benchmark steadied at 377 bps. Meanwhile, the 5Y Credit Default Swaps (CDS) broadened from 406-437 bps to 417-447 bps.

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