Lebanon’s Eurobonds Market Improved on Monday

The Lebanese Eurobonds market experienced a 0.05% uptick from the previous session, as the BLOM Bond Index (BBI) settled at 106.51 points. Moving hand in hand with the increase in demand for Lebanese Eurobonds, yields on the 5Y and 10Y Eurobonds decreased 2 basis points (bps) and 1 bp to 5.33% and 6.16%, respectively. Moreover, the spread between the 5Y Lebanese Eurobonds and its US equivalent edged up by 1 bp to 376 bps. Lebanon’s 5Y Credit Default Swaps (CDS) quote remained at 371-391 bps.

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