Subdued Demand for Lebanese Eurobonds on Thursday

Appetite for Lebanese Eurobonds market slightly eased on Thursday, as illustrated by the 0.01% daily drop in the BLOM Bond Index (BBI) to 103.91 points. The Lebanese gauge saw its year to date loss widening to 3.31% despite the positive vibes deriving from the long awaited meeting of the Lebanese parliament. Yields on the 5Y and 10Y Lebanese Eurobonds augmented by 4 basis points (bps) and 3 bps to 6.15% and 6.69%, respectively. As demand for medium term maturities in the U.S. stagnated at 1.73% yesterday, the spread between the yields of the 5Y Lebanese Eurobonds and their U.S. counterpart broadened by 4 bps to 442 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they remained at their previous quotes 392-417 bps.

LastPrevious ChangeY-t-D Change
BBI103.913103.925-0.012%-3.31%
Weighted Yield6.11%6.11%0 bps
Duration (Years)4.864.86
5Y Bond Yield6.15%6.11%4bps
5Y Spread*4424384bps
10Y Bond Yield6.69%6.66%3bps
10Y Spread*4374343bps

 

*Between Lebanese and U.S notes

Nov. 20161004.75%0
Mar. 2017105.135.03%-1
Oct. 201799.635.20%-7
Jun. 201899.385.41%5
Nov. 2018995.52%0
Apr. 201999.55.66%8
May. 2019100.55.84%16
Nov.201998.255.94%-7
Mar. 2020101.386.01%-10
Apr. 202099.136.03%-3
Apr. 20211096.26%0
Oct. 202298.56.37%0
Jan. 202397.756.39%-4
Dec. 2024103.136.54%-2
Feb. 202597.136.62%2
Jun. 202597.256.64%0
Nov. 202698.636.78%5
Nov. 202799.386.83%1
Feb. 2030976.98%0

 

 

 

 

 

 

 

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