Demand for medium-term Lebanese Eurobonds improved on Tuesday, as the BLOM Bond Index (BBI) increased by 0.03% to 107.13 points. The yield on the 10Y Lebanese Eurobonds steadied at 6.06% while that of the 5Y declined by 2 basis points (bps) to 5.20%. As the demand for medium-term US notes weakened, the spread between the yield on the 5Y Lebanese Eurobonds and its US equivalent tightened by 3 bps to 357 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they broadened from a previous quote of 336-364 bps to 352-378 bps.
| BBI | 107.13 | 107.10 | 0.03% |
| 10Y Yield | 6.06% | 6.06% | – |
| Spread10Y US | 371 | 373 | -2 |