Higher Eurobonds’ Demand on Thursday Triggered Yields Down

Demand for Lebanese Eurobonds improved on Thursday as the BLOM Bond Index (BBI) revealed a 0.16% increase to 107.25 points, tightening its year-to-date loss to 0.20%. The yields on the 5Y and 10Y Lebanese Eurobonds slipped by 3 basis points (bps) and 2 bps to 5.16% and 6.06%, respectively. The spread between the yield on the 5Y Lebanese Eurobonds and its US comparable narrowed from 356 bps to 350 bps, considering that the demand for medium term US notes fell on Thursday. The Lebanese 5Y Credit Default Swaps (CDS) stabilized at 355-380 bps.

LastPrevious % Change
10Y Yield6.06%6.08%-2
Spread 10Y US3703722

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