Demand for medium-term Lebanese Eurobonds slightly weakened on Monday as the BLOM Bond Index (BBI) revealed a 0.03% slip to 107.23 points, broadening its year-to-date loss to 0.23%. The yield on the 10Y Lebanese Eurobonds remained at 6.06% while that of the 5Y went up by 1 basis point (bp) to 5.17%. The spread between the yield on the 5Y Lebanese Eurobonds and its US comparable narrowed by 5 bps to 345 bps, bearing in mind that the demand for medium term US notes fell on Monday. The Lebanese 5Y Credit Default Swaps (CDS) steadied at 355-380 bps for the 7th consecutive session.
Last | Previous | Change | |||||
BBI | 107.22 | 107.25 | –0.03% | ||||
Weighted Yield | 5.46% | 5.46% | 0 | bps | |||
Duration (Years) | 5.11 | 5.12 | -0.01 | years | |||
5Y Yield | 5.17% | 5.16% | 1 | bps | |||
5Y Spread | 345 | 350 | -5 | bps | |||
10Y Yield | 6.06% | 6.06% | 0 | bps | |||
10Y Spread | 368 | 370 | -2 | bps | |||
