BLOM Bond Index Steadies at 106.93 points

Lebanese Eurobonds  market remained stagnant as the Blom Bond Index (BBI) steadied at 106.93 points. The 10Y Eurobonds’ yield increased by 1 basis point (bp) to 6.21% while the 5Y Eurobonds’ yield stayed constant at 5.26%. The spread between the 5Y Lebanese Eurobonds and its US comparable persisted at 373 bps. Furthermore, Lebanon’s 5Y Credit Default Swaps (CDS) were last quoted at 370-392 bps, unchanged from the previous day.