Improved Demand for Lebanese Eurobonds on Tuesday

Demand for Lebanese Eurobonds improved on Tuesday, as the BLOM Bond Index (BBI) went up by 0.16% to 107.67 points. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 2 basis points (bps) and 4 bps to 5.18% and 5.97%, respectively. On the US front, increasing demand for medium-term U.S notes outpaced the progress of their Lebanese counter-part sending the spread between the two maturities higher by 1 bp to 364 bps. Lebanon’s 5Y Credit Default Swaps (CDS) remained at their previous quote of 369-396 bps.