Demand for Lebanese Eurobonds Remained Sluggish on Tuesday

Demand for Lebanese Eurobonds revealed slow activity on Tuesday, illustrated by the BLOM BOND INDEX (BBI) marginally ticking up by 0.001% to 104.106 points. The yield on the 5Y Lebanese Eurobonds went up by 2 basis points (bps) to 6.15%, while that of the 10Y remained at Monday’s level of 6.67%. Demand for medium term US treasuries steadied, with the 5Y yield remaining unchanged at 1.73%. This caused the 5Y yield spread between Lebanese Eurobonds and their US comparable to broaden by 2 bps to 442 bps. The 5Y Credit Default Swaps stagnated at their previous quotes of 415-435 bps.