Demand for medium and long term Lebanese Eurobonds improved on Friday, as the BLOM Bond Index (BBI) increased by 0.15% to settle at 107.59 points. The yields on 5Y and 10Y Lebanese Eurobonds dropped by 4 basis points (bps) and 2 bps to 5.19% and 6.00%, respectively. Furthermore, the strengthened demand for mid-term Lebanese notes outpaced that of the US comparable notes. This led to the narrowing of the spread between the yields on the 5Y Lebanese Eurobonds and its US counterpart by 1 bps to 385 bps. Lebanon’s 5Y Credit Default Swaps (CDS) slightly moved from 371-393 bps to 371-392 bps.