Lebanese Eurobonds Market Remained Upward with a 0.11% Progress in the BBI

The Lebanese Eurobonds Market remained upward, as the BLOM Bond Index (BBI) added 0.11% to 107.67 points on Friday. Demand for medium and long-term maturities increased, driving the 5Y and 10Y Lebanese Eurobonds yields down by 1 basis point (bp) and 3 bp to 5.28% and 6.08%, respectively. Meanwhile, a bigger increase in demand for US 5Y treasuries caused the 5Y spread against the US Treasury to broaden by 4 bps to 383 bps. The 5Y CDS quote declined from the previous quote of 358-388 bps to 355-385 bps.

Leave a Reply

Your email address will not be published.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