Low Demand on Lebanese Eurobonds Caused a 0.09% Decline in the BBI

The Lebanese Eurobonds Market experienced a decrease in demand for short and medium-term maturities on January 5th. This caused a 0.09% decline in the BLOM Bond Index (BBI) to 106.09 points. The 5Y Lebanese Eurobonds yield added 2 basis points (bps) to 5.36%, whereas that of the 10Y lost 2 bps to 6.23%. The 5Y spread against the US Treasury broadened 6 bps to 379 bps, meanwhile the 5Y CDS quote remained stable at 380-410 bps.

Leave a Reply

Your email address will not be published. Required fields are marked *