Fading Demand Observed on the Lebanese Eurobonds Market Yesterday

Demand for the Lebanese Eurobonds dropped on Wednesday as reflected by the BLOM Bond Index (BBI) which registered a reading of 103.80 points, falling by 0.03% from its previous level.

The yields on the Lebanese Eurobonds maturing in 5 and 10 years kept their previous values of 6.09% and 6.75%, respectively.

As demand for U.S treasuries improved, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable broadened by 2 points to 486 basis points.

The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) widened from its previous level of 441-461 bps to 443-463 bps.