Lebanon’s Eurobonds’ Market Slightly Dipped on Friday

The Lebanese Eurobonds Market witnessed little change, as the BLOM Bond Index (BBI) registered a slight slip of 0.02% to 106.95 points. The 5Y Eurobonds’ yield increased by 1 basis point (bp) to 5.26% while the 10Y Eurobonds’ yield remained constant at 6.20%. The spread between the 5Y Lebanese Eurobonds and their US comparable decreased by 2 bps to 365 bps as demand for US medium term securities marginally fell. Furthermore, Lebanon’s 5Y Credit Default Swaps (CDS) remained settled at 371-393 bps.

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