Calm Activity on the Lebanese Eurobonds Market on Tuesday

Demand for Lebanese Eurobonds remained relatively stable on Tuesday, as the BLOM Bond Index (BBI) marginally inched up by 0.02% to settle at 107.96 points. The yield on the 10Y Lebanese Eurobonds decreased by 1 basis point (bp) to 5.91% while that of the 5Y notes remained at 5.14%. The spread between the yields on the 5Y Lebanese Eurobonds and its US counterpart narrowed by 3 bps to 375 bps as the demand for mid-term US notes decreased. Lebanon’s 5Y Credit Default Swaps (CDS) moved slightly from a previous quote of 371-392 bps to 371-393 bps.