Lebanese Eurobonds Witnessed an Improvement on Monday

Demand for medium and long term Lebanese Eurobonds strengthened in the beginning of the week, as the BLOM Bond Index (BBI) increased by 0.32% to settle at 107.94 points. The yields on 5Y and 10Y Lebanese Eurobonds declined by 5 basis points (bps) and 8 bps to 5.14% and 5.92%, respectively. In turn, with the fall in demand for mid-term US notes, the spread between the yields on the 5Y Lebanese Eurobonds and its US comparable narrowed by 7 bps to 378 bps. Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quote of 371-392 bps.

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