The Lebanese Eurobonds Market Barely moved on Thursday

The Lebanese Eurobonds market remained stagnant on Thursday as the BLOM Bond Index (BBI) downticked by a marginal 0.002% to 103.36 points.

The yields on the 5Y and 10Y Lebanese Eurobonds stabilized at 6.37% and 6.80%, respectively. In the U.S., demand for 5 Year US treasury notes increased as their yield went down from 1.21% to 1.16% yesterday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to broaden by 5 bps to 521 bps.

Lebanon’s 5Y Credit Default Swaps (CDS) also widened from their previous bid-ask range of 462-482 bps to 464-484 bps.