BBI Experienced Marginal Drop to 106.76 Points on Monday

The BLOM Bond Index, a gauge on the Lebanese Eurobonds Market, started the week’s trading session with a decline of 0.06% to close at 106.76 points. As the yield on 10Y Lebanese Eurobonds inched up by 1 basis point (bp) to 6.11%, the yield on the 5Y Lebanese Eurobonds remained constant at 5.26%. The demand for medium-term US securities strengthened causing the spread between the 5Y Lebanese Eurobonds and their US equivalent to broaden by 4 bps to 360 bps. In addition, the Lebanon’s 5Y Credit Default Swaps (CDS) remained quoted at 372-392 bps.

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