Stagnant Demand for Lebanese Eurobonds on Monday

Demand for Lebanese Eurobonds remained stable on Monday as the BLOM Bond Index (BBI) steadied at 107.27 points. Yields on the 5Y and 10Y Lebanese Eurobonds persisted at 5.18% and 6.04%, respectively, while demand for medium-term U.S notes slightly improved. In turn, the spread between the 5Y Lebanese Eurobonds and its US equivalent broadened by 4 bps to 347 bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) remained at its previous quote of 345-368 bps.

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