Good Performance on the Lebanese Eurobonds Market on Thursday

Demand for  Lebanese Eurobonds progressed on Thursday, sending the BLOM BOND INDEX (BBI) higher 0.11% to settle at 104.08 points. The Yields on the 5Y and 10Y Lebanese Eurobonds ticked down by 2 basis points (bps) and 3 bps to 6.14% and 6.64%, respectively.  Demand for medium term US treasuries improved but at a slower pace than its Lebanese counterpart, causing the 5Y yield spread between both maturities to narrow by 1 bp to 441 bps. The 5Y Credit Default Swaps remained at their previous quotes of 411-431 bps for the 5^th consecutive session.