Stagnant Demand for Medium/Long Term Lebanese Eurobonds

The Lebanese Eurobonds Market ended last week’s trading session on a slight downtick as the BLOM Bond Index (BBI) showed a decrease of 0.02% to 106.83 points. The yields on the 5Y and 10Y Lebanese Eurobonds remained stagnant, in three consecutive trading periods, at 5.26% and 6.10% respectively. Meanwhile, the spread between the 5Y Lebanese Eurobonds and their US equivalent narrowed by 13 basis points (bps) to 356 bps as the demand for medium-term US securities weakened. Worth mentioning, the Lebanon’s 5Y Credit Default Swaps (CDS) stagnated at 372-392 bps.

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