Minor Increase in Demand for Medium Term Lebanese Eurobonds on Wednesday

 Demand for Lebanese Eurobonds slightly increased on Wednesday, as the BLOM Bond Index (BBI) went up by 0.03% to reach 102.95 points. The yields on the 5Y and 10Y Lebanese Eurobonds dropped by 3 basis points (bps)  and 1 basis point to settle at 6.41% and 6.90%, respectively. As the demand for the medium term US treasury bonds faded, the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury narrowed by 6 bps to 515 bps. Lebanon’s 5Y Credit Default Swaps (CDS) steadied at their previous quotes of 461-481 bps.