Demand for Medium-Term Lebanese Eurobonds Recovered on Monday

To start the week, demand for medium-term Lebanese Eurobonds recovered as illustrated by the BLOM Bond Index (BBI) adding 0.05% to 107.29 points. Yield on the 10Y Lebanese Eurobonds remained at 6.03% while that of the 5Y went down by 3 basis points (bps) to 5.20%. Demand for medium-term U.S notes increased by the same pace as their Lebanese counterpart causing the spread between the yield on the 5Y Lebanese Eurobonds and its US equivalent to remain at 348 bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quote of 345-372 bps.

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