Demand for short term Lebanese Eurobonds slightly declined on Monday after 3 consecutive sessions of stagnation, causing the BLOM Bond Index (BBI) to drop by 0.13% to 107.73 points. Yield on the 10Y Lebanese Eurobonds edged down by 1 basis point (bp) to settle at 5.94% while that of the 5Y increased by 2 bps to 5.14%. Similarly, the 5Y U.S notes saw a fall in demand that outpaced that of Lebanon’s causing the spread between the yield on the 5Y Lebanese Eurobonds and its US counterpart to narrow by 4 bps to 359bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quote of 369-395 bps.