BBI Declined for the Second Day
The Lebanese Eurobonds market weakened for the second day, due to the decline in demand for medium and long-term maturities. The BLOM Bond Index (BBI) fell by 0.09% to 108.45 points. The 5Y and 10Y Lebanese Eurobonds’ yields added 1 basis point (bp) and 2 bps to settle at 5.04% and 6.14%, respectively. The 5Y spread against the US Treasury benchmark narrowed by 2 bps to 325 bps. The 5Y Credit Default Swaps (CDS) steadied at 330-360.
