Steady Demand for Lebanese Eurobonds on Monday

Demand for Lebanese Eurobonds remained unchanged on Monday for the second session running, as the BLOM Bond Index (BBI) recorded a mere 0.01% increase to 102.44 points. The yields on the 5Y and 10Y Lebanese Eurobonds steadied at Friday’s levels of 6.65% and 6.94%, respectively. Noting that demand for medium term US notes improved, the spread between the yield on the 5Y Lebanese Eurobonds and its US equivalent broadened  by 2 basis points (bps) to 518 points. Lebanon’s 5Y Credit Default Swaps also increased from their previous quotes of 428-458 bps to 442-472 bps.