Mid-Term Lebanese Notes Remain Stable for the 4th Session Running

The BLOM Bond Index (BBI) down-ticked by 0.11% to close the session at 107.26 points, as the demand for long-term Lebanese Eurobonds declined on Tuesday. The yield on the 10Y Lebanese notes went up by 3 basis points (bps) to 6.05% while that of the 5Y remained at 5.24% for the 4th consecutive session. With the demand for mid-term US notes slightly improving, the spread between the yields on the 5Y Lebanese Eurobonds and its US equivalent broadened by 1 bp to 366 bps. Lebanon’s 5Y Credit Default Swaps (CDS) endured at their previous quotes of 370-398 bps.

Leave a Reply

Your email address will not be published. Required fields are marked *