Mild Increase in Demand for Lebanese Eurobonds on Friday
The Lebanese Eurobonds barely moved on Friday as the BLOM Bond Index (BBI) slightly inched up by 0.01% to 103.37 points.
The yields on the 5Y and 10Y Lebanese Eurobonds maintained their previous respective levels of 6.36% and 6.82%. However, demand for 5 Year US treasury notes decreased, as their yield up ticked from 1.21% to 1.24% last Friday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to drop by 3 basis points (bps) to 512 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) dropped marginally from a bid-ask range of 460-480 bps to a range of 459-479 bps.
*Between Lebanese and U.S notes
