Higher Appetite for Lebanese Eurobonds on Tuesday

As demand for short and long term maturities improved yesterday, the BLOM Bond Index (BBI) increased by 0.18% to 102.92 points. While the yield on the 5Y Lebanese Eurobonds went up by 1 basis point (bp) to 6.47%, the yield on the 10Y Lebanese Eurobonds decreased by 3 bps to reach 6.87%. Hence, the spread between the yield on the 5Y Lebanese Eurobonds and the yield on the 5Y US treasuries dropped by 2 points to 498 bps. The 5Y Credit Default Swaps slightly narrowed from their previous quotes of 440-465 bps to 442-462 bps.