Slight Decline in Demand for Lebanese Eurobonds on Tuesday

Demand for Lebanese Eurobonds weakened on Tuesday, as the BLOM Bond Index (BBI) slightly declined by 0.09% to settle at 107.62 points. The yields on the 5Y and 10Y Lebanese Eurobonds augmented by 1 basis point (bp) and 2 bps to 5.16% and 5.99%, respectively. With the decline in demand for US mid-term notes outpacing that of Lebanon’s, the spread between the yields on the 5Y Lebanese Eurobonds and its US comparable decline by 2 bps to 362 basis points (bps). Lebanon’s 5Y Credit Default Swaps (CDS) marginally moved from a previous quote of 370-393 bps to 372-391.