Demand for Eurobonds Kept Tumbling with the BBI dropping by 0.09%, on Thurday

The Lebanese Eurobonds Market did not halt its slide, with the BLOM Bond Index (BBI) dropping 0.09% to 107.34 points. Demand for medium-term maturities declined, pushing the 5Y Lebanese Eurobonds’ yield up by 3 basis points (bps) to 5.39%, whereas the 10Y Lebanese Eurobonds’ yield steadied at 6.30%. The 5Y spread against the US Treasury narrowed by 4 bps to 371 bps. Meanwhile, the 5Y CDS quote remained unchanged at 386-416 bps.

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