Demand for Lebanese Eurobonds Lagged Behind on Tuesday

Lebanese Eurobonds lagged behind Monday’s session, as the BLOM Bond Index (BBI) lost by 0.09% to settle at 107.506 points. The yields on 5Y and 10Y Lebanese Eurobonds augmented by 6 basis points (bps) and 4 bps to settle at 5.24% and 6.04%, respectively. In turn, with the demand on Lebanese medium-term securities declining at a faster pace than that of the 5Y US notes, the spread on the 5Y Lebanese securities and its US equivalent broadened by 4 bps to 389 bps. In addition, Lebanon’s 5Y Credit Default Swaps (CDS) slightly moved from its previous quote of 372-395 bps to register 371-394 bps.