Weakened Demand for Lebanese Eurobonds on Thursday

Demand for medium and long term Lebanese Eurobonds weakened on Thursday as the BLOM Bond Index (BBI) declined by 0.33% to 106.46 points. The yields on the 5Y and 10Y Lebanese Eurobonds augmented by 7 basis points (bps) and 4 bps to 5.39% and 6.17%, respectively. As the drop in demand for medium-term US securities was outpaced by the mentioned fall in demand for 5Y Lebanese notes, the yield’s spread on the 5Y securities between the corresponding countries, broadened by 4 bps to 404 bps. In addition, Lebanon’s 5Y Credit Default Swaps (CDS) moved from 377-400 bps in the previous session to 378-401 bps.