BLOM Bond Index Lifted by 0.06% to 106.97 points

The BLOM Bond Index (BBI), an indicator of the Lebanese Eurobonds Market, increased by 0.06% to settle at 106.97 points. 5Y and 10Y Eurobonds’ yields decreased by 2 basis points (bps) and 1 bp to register 5.25% and 6.20%, respectively. With that in mind, the decrease in demand for medium term US treasuries narrowed the spread between the 5Y Lebanese Eurobonds and its US equivalent by 8 basis points (bps) to 367 bps. Furthermore, Lebanon’s 5Y Credit Default Swaps (CDS) went down from 378-403 bps to 371-393 bps.

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