Weak Demand for Lebanese Eurobonds on Thursday
Demand for the Lebanese Eurobonds faded on Thursday as revealed by the BLOM Bond Index (BBI) which dropped by 0.09% to 104.24 points.
The yields on the Lebanese Eurobonds maturing in 5 and 10 years remained steady at 5.97% and 6.66%, respectively.
As demand for U.S treasuries maturing in 5 years improved, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable broadened by 3 points to 459 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained unchanged at their previous level of 447-467 bps.
*Between Lebanese and U.S notes
