Demand for long-term Lebanese Eurobonds declined on Wednesday as the BLOM Bond Index (BBI) lost 0.05% to 107.20 points. Yield on the 10Y Lebanese Eurobonds increased by 2 basis points (bps) to 6.06% while that of the 5Y steadied at 5.20% for the third consecutive session. On the US front, demand for medium-term U.S notes downturned, pushing their yield up by 6 bps to 1.80%. Consequently, the yield on the 5Y Lebanese Eurobonds and its US equivalent tightened by 6 bps to 340 bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from a previous quote of 345-372 bps to 347-370 bps.