Lebanese Eurobonds Market Remain Stagnant on Thursday
On Thursday, demand for Lebanese Eurobonds was unchanged as the BLOM Bond Index (BBI) steadied at 107.08 points. The yields on the 5Y and 10Y Lebanese Eurobonds remained 5.34% and 6.21%, respectively. The spread between the yield on the 5Y Lebanese Eurobonds and its US comparable remained at 372 as the yield on medium-term US notes stabilized at 1.62%. Meanwhile, the Lebanese 5Y Credit Default Swaps (CDS) slightly moved from their previous range of 355-379 bps to 353-381 bps.