The Lebanese Eurobonds Market Stayed on its Downtrend for the Fourth day, Dropping 0.09%

Demand for the Lebanese Eurobonds Market continued its recent decline for the fourth day in a row, with the BLOM Bond Index (BBI) dropping by 0.09% to 108.16 points. The 5Y Lebanese Eurobonds’ yield gained 1 basis point (bp) to 5.18%, while the 10Y Lebanese Eurobonds’ yield declined by 2 bps to 6.16%. The 5Y spread against the US Treasury widened by 10 bps to 365 bps as demand for short-term securities in the U.S improved. Meanwhile, the 5Y CDS quote jumped to 399-428 bps from its previous quote of 377-407 bps.

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