Demand for Lebanese Eurobonds increased on Monday, as the BLOM Bond Index (BBI) augmented by 0.10% to 102.89 points. The yield on the 10Y Lebanese Eurobonds dropped by 2 basis points (bps) to 6.86%, while the yield on the 5Y Lebanese Eurobonds remained at 6.50%. Demand for medium term US notes deteriorated on Monday, as the 5Y yield went up by 5 bps to 1.41%. Hence, the spread between the 5Y yields on the US treasury notes and Lebanese Eurobonds narrowed by 5 bps to reach 512 bps. Lebanon’s 5Y Credit Default Swaps (CDS) slightly decreased from their previous quotes of 452-472 bps to 451-471 bps.
*Between Lebanese and U.S notes
