Demand for Lebanese Eurobonds Went Down on Thursday

Demand for Lebanese Eurobonds retreated on Thursday, as the BLOM Bond Index (BBI) dropped 0.05% to 107.20 points. The yield on the 10Y Lebanese Eurobonds added 1 basis point (bp) to 6.06%, while that of the 5Y steadied at 5.18%. As demand for medium-term US notes declined, the spread between the yield on the 5Y Lebanese Eurobonds and its US equivalent narrowed by 8 bps to 360 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they contracted from 358-383 bps to 355-380 bps.