Fading Demand for Lebanese Eurobonds on Tuesday
The Lebanese Eurobonds market witnessed subdued demand on Tuesday as reflected in the BLOM Bond Index (BBI) which lost a mere 0.02% to 104.02 points.
The yields on the Lebanese Eurobonds maturing in 5 and 10 years remained unchanged at 6.09% and 6.71%, respectively.
As demand for U.S treasuries improved yesterday, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable widened by 2 points to 472 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) slightly narrowed from their previous level of 447-467 bps to 446-466 bps.
*Between Lebanese and U.S notes
