Demand For Lebanese Eurobonds Improved on Friday

Demand for Lebanese Eurobonds improved on Friday as the BLOM Bond Index (BBI) gained 0.17% to 107.27 points. Yields on the 5Y and 10Y Lebanese Eurobonds declined by 2 basis points (bps) and 4 bps to 5.18 and 6.04%, respectively. On the US front, demand for medium-term U.S notes slightly fell causing the yield on the 5Y Lebanese Eurobonds and its US equivalent to narrow by 3 bps to 343 bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) barely moved from a previous quote of 343-371 bps to 345-368 bps.

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