Unchanged Demand for Lebanese Eurobonds on Wednesday

Demand for Lebanese Eurobonds stagnated on Wednesday, as the BLOM Bond Index (BBI) remained at 107.25 points. Furthermore, the yields on the 5Y and 10Y Lebanese Eurobonds remained unchanged at 6.05% and 5.18%, respectively, while demand for medium-term US notes improved. Consequently, the spread between the yield on the 5Y Lebanese Eurobonds and its US equivalent broadened by 5 bps to 368 bps. As for Lebanon’s 5Y Credit Default Swaps (CDS), they remained at their previous quote of 358-383 bps.