Demand for Lebanese Eurobonds Strengthened on Friday

Demand for Lebanese Eurobonds improved on Friday, as the BLOM Bond Index (BBI) went up by 0.11% to 106.52 points. In fact, the yields on the  5Y and 10Y Lebanese Eurobonds down-ticked by 1 basis point (bp) and 2 bps to 5.35% and 6.18%, respectively. As the demand for medium-term US notes fell, the spread between the 5Y Lebanese Eurobonds and its US equivalent narrowed by 6 bps to 360 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they steadied at 336-364 bps, for the 5th consecutive session.