Lebanese Eurobonds Dipped Slightly on Tuesday
The BLOM Bond Index (BBI), an indicator for the Lebanese Eurobonds’ market, witnessed relatively no change on Tuesday, as it registered a downtick of 0.02% to 106.84 points. Yields on the 5 and 10 year Lebanese Eurobonds remained stagnant at 5.26% and 6.09%, respectively. As the demand for medium US securities slowed down, the 5Y Lebanese Eurobonds and their US comparable narrowed by 4 basis points (bps) to 365 bps. Meanwhile, the Lebanon’s 5Y Credit Default Swaps (CDS) broadened from 365-389 bps to 370-394 bps.
