BBI Improved for the Second day on October 7, 2014
The Lebanese Eurobonds market improved for the second day, where the BLOM Bond Index (BBI) gained 0.03% to 108.29 points. The 5Y and 10Y Lebanese Eurobonds’ yields steadied at 5.15% and 6.23%, respectively. The 5Y spread against the US Treasury benchmark widened by 6 bps to 351 bps. Meanwhile, the 5Y Credit Default Swaps (CDS) stabilized at their previous quote of 335-365 bps.
