The BLOM Bond Index (BBI) gained 0.10% during the past week to settle at 104.49 points. Meanwhile, the JP Morgan Emerging Markets’ Bond Index (EMBI) slid by 0.04% to end the week at 790.07 points.
The yields on the Lebanese Eurobonds maturing in 5 and 10 years slipped from last week’s 6.21% and 6.80% to 6.18% and 6.78% this week, respectively.
In the US, yields on the 5 year and 10 year treasuries increased from 1.82% and 2.27% last week to 1.84% and 2.32% this week, respectively. Higher yields which point to lower bond prices are due to the heavy supply of government and corporate debt this past week.
The 5 Year and 10 year spreads between the Lebanese Eurobonds and their US comparable fell from last week’s 439 basis points (bps) and 453 bps to 434 bps and 446 bps, this week, respectively.
5 Year Credit Default Swaps, Mid-Prices (in basis points)
| 27/07/2017 | 20/07/2017 | |
| Lebanon | 425 | 438 |
| KSA | 95 | 101 |
| Dubai | 120 | 123 |
| Brazil | 215 | 211 |
| Turkey | 183 | 181 |
Weekly Change of Lebanese Eurobonds Prices and Yields
| Prices | Weekly | Yields | Weekly | ||||
| Maturity | Coupon in % | 27/07/2017 | 20/07/2017 | Change | 27/07/2017 | 20/07/2017 | Change bps |
| 12/06/2018 | 5.15 | 100.45 | 100.5 | -0.05% | 4.61% | 4.57% | 5 |
| 12/11/2018 | 5.15 | 100.45 | 100.5 | -0.05% | 4.78% | 4.75% | 3 |
| 23/04/2019 | 5.5 | 100.15 | 100.05 | 0.10% | 5.40% | 5.46% | -6 |
| 20/05/2019 | 6 | 101 | 100.88 | 0.12% | 5.41% | 5.48% | -8 |
| 28/11/2019 | 5.45 | 99.88 | 99.75 | 0.13% | 5.50% | 5.56% | -6 |
| 09/03/2020 | 6.375 | 101.75 | 101.75 | 0.00% | 5.64% | 5.65% | 0 |
| 14/04/2020 | 5.8 | 100.25 | 100.25 | 0.00% | 5.70% | 5.70% | 0 |
| 19/06/2020 | 6.15 | 101 | 101 | 0.00% | 5.77% | 5.77% | 0 |
| 12/04/2021 | 8.25 | 107.38 | 107.13 | 0.23% | 6.00% | 6.08% | -8 |
| 04/10/2022 | 6.1 | 99.5 | 99.38 | 0.12% | 6.21% | 6.24% | -3 |
| 27/01/2023 | 6 | 98.63 | 98.75 | -0.12% | 6.30% | 6.27% | 3 |
| 22/04/2024 | 6.65 | 101 | 100.88 | 0.12% | 6.46% | 6.48% | -2 |
| 04/11/2024 | 6.25 | 98.75 | 98.63 | 0.12% | 6.47% | 6.49% | -2 |
| 03/12/2024 | 7.00 | 103 | 102.88 | 0.12% | 6.48% | 6.50% | -2 |
| 26/02/2025 | 6.20 | 98.25 | 98.13 | 0.12% | 6.49% | 6.51% | -2 |
| 12/06/2025 | 6.25 | 98.25 | 98.13 | 0.12% | 6.54% | 6.56% | -2 |
| 28/11/2026 | 6.60 | 99.63 | 99.38 | 0.25% | 6.65% | 6.69% | -4 |
| 23/03/2027 | 6.85 | 100.63 | 100.5 | 0.13% | 6.76% | 6.78% | -2 |
| 29/11/2027 | 6.75 | 99.63 | 99.5 | 0.13% | 6.80% | 6.82% | -2 |
| 03/11/2028 | 6.65 | 98.38 | 98.38 | 0.00% | 6.86% | 6.86% | 0 |
| 26/02/2030 | 6.65 | 98.25 | 98 | 0.26% | 6.86% | 6.89% | -3 |
| 22/04/2031 | 7.00 | 100.13 | 100.25 | -0.12% | 6.98% | 6.97% | 1 |
| 23/03/2032 | 7.00 | 99.88 | 100 | -0.12% | 7.01% | 7.00% | 1 |
| 02/11/2035 | 7.05 | 99 | 99 | 0.00% | 7.15% | 7.15% | 0 |
| 23/03/2037 | 7.25 | 100.13 | 100.13 | 0.00% | 7.24% | 7.24% | 0 |