Frail Demand for Lebanese Eurobonds on Monday
Demand for the Lebanese Eurobonds faded on Monday as revealed by the BLOM Bond Index (BBI) which plummeted by 0.17% to 104.10 points.
The yield on the Lebanese Eurobonds maturing in 5 years added 3 basis points (bps) to 5.99%, while that of the Lebanese Eurobonds maturing in 10 years gained 1 bp to 6.68%.
As demand for U.S treasuries maturing in 5 years remained unchanged yesterday, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable broadened by 3 points to 461 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained unchanged at their previous level of 447-467 bps.
*Between Lebanese and U.S notes
