Demand for Long-Term Eurobonds Fell on Wednesday

The BLOM Bond Index (BBI) went down by 0.06% to 107.25 points, as the demand for Long-Term Lebanese Eurobonds weakened on Wednesday. The yield on the 10Y Lebanese Eurobonds ticked up by 2 basis points (bps) to 6.06% while that of the 5Y steadied at 5.19%. The spread between the 5Y Lebanese Eurobonds and its US equivalent broadened by 2 bps to 350 bps, as the demand for medium-term U.S notes strengthened. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quotes of 336-364 bps, for the 3rd consecutive session. 

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