Demand for Lebanese Eurobonds Stagnated on Friday

Demand for Lebanese Eurobonds was unchanged on Friday, as the BLOM Bond Index (BBI) remained at 107.11 points. The yields on the 5Y and 10Y Lebanese Eurobonds steadied at 5.20%, and 6.08%, respectively. Worth mentioning, fixed income markets in the US were shut down on the 3rd due to the Independence Day celebrations. Consequently, the spread between the yield on the 5Y Lebanese Eurobonds and its US equivalent remained at 356 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they stood at 353-378 bps, for the third consecutive session. 

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