Long-Term Eurobonds Demand Fell on Tuesday

Demand for long-term Lebanese Eurobonds slightly dropped on Tuesday as the BLOM Bond Index (BBI) lost 0.03% to 107.25 points. Yield on the 10Y Lebanese Eurobonds went up by 1 basis point (bp) to 6.04% while that of the 5Y remained at 5.20%. On the US front, demand for medium-term U.S notes fell, ending their yield up by 2 bps to 1.74%. Accordingly, the yield on the 5Y Lebanese Eurobonds and its US equivalent marginally narrowed by 2 bps to 346 bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quote of 345-372 bps.

Leave a Reply

Your email address will not be published.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