Lebanese Eurobonds Slightly Recovered on Tuesday

The BLOM Bond Index (BBI) increased by 0.07% to 107.25 points, as the demand for Lebanese Eurobonds improved on Tuesday. The yields on the 5Y and 10Y Lebanese Eurobonds went down by 1 basis point (bp) each to 5.19% and 6.04%, respectively. The spread between the 5Y Lebanese Eurobonds and its US equivalent narrowed by 4 bps to 348 bps, considering that the demand for medium-term U.S notes weakened. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quotes of 336-364 bps.

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