Lebanese Eurobond’s Market Faced Low Demand on September 29

Low demand for Lebanese Eurobonds pushed the BLOM Bond Index (BBI) down by 0.08% to 108.00 points. The 5Y Lebanese Eurobonds’ yield gained 2 basis points (bps) to 5.12% while that of 10Y steadied at 6.21%. The 5Y spread against the US Treasury benchmark broadened by 5 bps to 335 bps. Meanwhile, the 5Y Credit Default Swaps (CDS) narrowed marginally from 344-379 bps to 344-377 bps.