Demand Strengthened for Lebanese Eurobonds on Monday

Demand for Lebanese Eurobonds improved on Monday, as the BLOM Bond Index (BBI) increased by 0.55% to 107.10 points. The yields on the 5Y and 10Y Lebanese Eurobonds declined by 13 basis points (bps) and 14 bps to 5.22% and 6.06%, respectively. As the demand for medium-term US notes improved at the same rate like those of their Lebanese counter-part, the spread between the yields of both 5Y maturities steadied at 360 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they steadied at 336-364 bps, for the 6th consecutive session. 

BBI107.10106.520.55%
10Y Yield6.06%6.20%-14
Spread10Y US3733712

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