Poor demand for US Treasuries has affected the passive outlook for Lebanese Eurobonds on Wednesday. The BLOM Bond Index (BBI) slightly down ticked by 0.03% to settle at 107.93 points. The yield on the 10Y Lebanese Eurobonds increased by 1 basis point (bp) to 5.92%, while that of the 5Y notes remained at 5.14%. With the weakening demand for mid-term US notes, the spread between the yields on the 5Y Lebanese Eurobonds and its US comparable tightened by 4 bps to 371 bps. Lebanon’s 5Y Credit Default Swaps (CDS) significantly narrowed from a previous quote of 371-393 bps to 365-388 bps.