Demand for Medium Term Lebanese Eurobonds Improved on Friday

As demand for medium term Lebanese Eurobonds showed improvement on Friday, the BLOM Bond Index (BBI) increased by 0.03% to 105.750 points, narrowing its year-to-date loss to 1.60%.  Yield on the 10Y Lebanese Eurobonds steadied at 6.31% while that of the 5Y dropped by 1 basis point (bp) to 5.86%. Similarly, demand for medium-term US notes progressed at a faster pace than its Lebanese counterpart. This caused the 5Y spread between both maturities to broaden by 2 bps to 434 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly widened from their pervious quotes of 386-411 bps to 387-412 bps.


LastPrevious ChangeY-t-D Change
Weighted Yield5.74%5.75%-1 bps
Duration (Years)5.005.00
5Y Bond Yield5.86%5.87%1bps
5Y Spread*4344322
10Y Bond Yield6.31%6.31%0bps
10Y Spread*4114110bps


*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.64.20%0
Mar. 2017106.254.70%-7
Oct. 2017100.254.87%7
Jun. 2018100.54.95%0
Nov. 2018100.255.06%0
Apr. 2019100.755.27%0
Mar. 20201035.61%-6
Apr. 2020100.55.67%-6
Apr. 2021110.755.96%0
Oct. 2022100.755.97%-1
Jan. 202399.856.02%0
Dec. 2024105.66.19%0
Feb. 202599.756.23%0
Nov. 2026100.756.50%0
Nov. 2027101.56.57%0
Feb. 203099.756.68%0







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