Improving Demand for Lebanese Eurobonds on Monday

Lebanese Eurobonds witnessed an improvement on Monday, as the BLOM Bond Index (BBI) edged up by 0.26% to settle at 107.60 points. The yield on 5Y Lebanese Eurobonds increased by 6 basis points (bps) to 5.18% while that of the 10Y decreased by 8 bps to 6.00%. The spread on the 5Y Lebanese securities and its US comparable widened by 4 bps to 385 bps as the weakening demand for medium term Lebanese securities outpaced the demand drop for US 5Y notes. In addition, Lebanon’s 5Y Credit Default Swaps (CDS) remained stagnant at their previous quote of 372-395 bps.

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