Lebanese Eurobonds Market Started the Week in the Green

Demand for most Lebanese Eurobonds strengthened at the start of the week. The BLOM Bond Index (BBI) gained 0.16% to 105.89 points, narrowing its year-to-date loss to 1.47%. Yields on the 5Y and 10Y Lebanese Eurobonds dropped 1 basis point (bp) and 3 bps to 5.59% and 6.43%, respectively. On the other hand, demand for U.S. medium term notes decreased, contracting the 5Y spread between Lebanese Eurobonds and their US counterpart by 3 bps to 405 bps. Meanwhile, the Lebanese 5Y Credit Default Swaps (CDS) steadied at 370-395 bps.

 

 

Last Previous Change Y-t-D Change
BBI 105.892 105.719 0.16% -1.47%
Weighted Yield 5.71% 5.74% 4 bps
Duration (Years) 5.02 5.03
5Y Bond Yield 5.59% 5.60% -1 bps
5Y Spread* 405 408 -3 bps
10Y Bond Yield 6.43% 6.46% -3 bps
10Y Spread* 422 427 -5 bps

*Between Lebanese and U.S notes

  Price Yield Yield Change (in bps)
Nov. 2016 100.79 4.05% 0
Mar. 2017 106.5 4.61% -10
Oct. 2017 100.5 4.75% 0
Jun. 2018 100.75 4.86% 5
Nov. 2018 100.38 5.02% 0
Apr. 2019 100.75 5.27% -8
Mar. 2020 103 5.61% 0
Apr. 2020 100.63 5.64% 3
Apr. 2021 111 5.92% -5
Oct. 2022 100.75 5.97% 0
Jan. 2023 99.88 6.02% 0
Dec. 2024 105.75 6.17% -2
Feb. 2025 100 6.20% -11
Nov. 2026 100.75 6.50% -3
Nov. 2027 101.63 6.55% -5
Feb. 2030 100 6.65% -5

 

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