5Y Spread Against US Treasury Narrowed as BBI Remained Almost Stable

Lebanese Eurobonds Market, the BLOM Bond Index (BBI) remained almost stable, marginally increasing by 0.01% to 108.54 points. The 5Y Lebanese Eurobonds’ yield decreased by 1 basis point (bp) to 5.11%. On the other hand, the 10Y Lebanese Eurobonds’ yield remained at 6.12%. The 5Y spread against the US Treasury narrowed by 11 bps to 342 bps. The 5Y CDS quote remained unchanged at 350-380 bps.