Demand for Medium and Long-term Maturities Dropped on Tuesday

The Lebanese Eurobonds Market stayed on its downtrend for the 6th day in a row, with the BLOM Bond Index (BBI) dropping 0.39% to 107.58, recording a 6-month low. Demand for medium and long-term maturities plunged, pushing the 5Y and 10Y Lebanese Eurobonds’ yields up by 9 basis points (bps) and 8 bps to 5.32% and 6.27%, respectively. The 5Y spread against the US Treasury broadened by 14 bps to 379 bps. Meanwhile, the 5Y CDS quote went from 398-428 bps to 380-410 bps.

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