Stable Demand for Lebanese Eurobonds on Thursday

Demand for Lebanese Eurobonds was stagnant on Thursday, as the BLOM Bond Index (BBI) lost a marginal 0.04% to 107.11 points. The yield on the 5Y Lebanese Eurobonds steadied at 5.20%, while that of the 10Y gained 2 basis points (bps) to 6.08%. Due to the increase in demand for medium-term USnotes, the spread between the yield on the 5Y Lebanese Eurobonds and its US equivalent broadened by 6 bps to 356 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they remained at their previous quote of 353-378 bps.