BLOM Bond Index up to 108.59 points on September 8th

The Lebanese Eurobonds market remained trending up slowly, with the BLOM Bond Index (BBI) edging up slightly by 0.01% to 108.59 points. The 5Y Lebanese Eurobonds’ yield lost 1 basis point (bp) to settle at 5.02%, while that of 10Y steadied at 6.11%. The 5Y spread against the US Treasury benchmark narrowed by 4 bps to 330 bps. Meanwhile the 5Y Credit Default Swaps (CDS) widened from 330-360 bps to 336-366 bps.