Lebanese Eurobonds Market Remained Almost Stable as Demand for U.S Securities Declined

The Lebanese Eurobonds Market remained almost stable. The BLOM Bond Index (BBI) gained 0.01% to 108.49 points. The 5Y Lebanese Eurobonds’ yield steadied at 5.13%. As for the 10Y Lebanese Eurobonds’ yield, it increased by 1 basis point (bp) to 6.14%. The 5Y spread against the US Treasury narrowed by 7 bps to 361 bps as demand for U.S securities declined. The 5Y CDS quote also increased from 348-378 bps to 351-381 bps.