Demand for Long-Term Eurobonds Fell on Thursday

Demand for long-term Lebanese Eurobonds declined on Thursday as the BLOM Bond Index (BBI) lost 0.10% to 107.08 points. Yield on the 10Y Lebanese Eurobonds increased by 2 basis points (bps) to 6.08% while that of the 5Y steadied at 5.20% for the fourth consecutive session. On the US front, demand for medium-term U.S notes recovered, pushing their yield down by 6 bps to 2.39%. Consequently, the yield on the 5Y Lebanese Eurobonds and its US equivalent broadened by 6 bps to 346 bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) moved from from a previous quote of 347-370 bps to 343-371 bps.

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