Lebanese Eurobonds Market Stabilized

The Lebanese Eurobonds market stabilized on Tuesday, with the BLOM Bond Index (BBI) adding a marginal 0.01% to 108.13 points. The 5Y and 10Y Lebanese Eurobonds’ yields steadied at 5.18% and 6.23%, respectively. The 5Y spread against the US Treasury benchmark narrowed by 3 basis points (bps) to 374 bps. Likewise, the 5Y Credit Default Swaps (CDS) tightened from 417-447 bps to 412-442 bps.

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