Demand for Lebanese Eurobonds Remained Steady on Monday

The Lebanese Eurobond market remained stable on Monday, as shown by the BLOM Bond Index (BBI) that decreased by a marginal 0.004% to 103.59 points.

The yields on the 5Y and 10Y Lebanese Eurobonds kept their previous values of 6.16% and 6.76%, respectively.

As for the US, demand for the 5Y treasuries dropped on Monday, thus the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts narrowed by 2 bps to 492 bps.

Lebanon’s 5Y Credit Default Swaps (CDS) remained stable at the previous bid-ask range of 444-464 bps.