Lebanese Eurobonds Rose by a Marginal 0.01% on Wednesday

A slight improvement in demand for medium term Lebanese Eurobonds helped in enhancing the BLOM Bond Index (BBI) performance on Wednesday. In details, the Lebanese gauge revealed a 0.01% uptick to 107.08% tightening its year-to-date loss to 0.36%. The yield on the 5 Year Lebanese Eurobonds slipped by 2 basis points (bps) to 5.19%, while the 10Y yield remained unchanged at 6.08%. The spread between the yield on the 5Y Lebanese Eurobonds and its US comparable narrowed from 356 bps to 354 bps while the Lebanese 5Y Credit Default Swaps (CDS) stabilized at 355-380 bps.

LastPrevious % Change
10Y Yield6.08%6.08% –
Spread 10Y US372367-5

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