Slow Activity on the Lebanese Eurobonds Market This Monday

Demand for Lebanese Eurobonds was frail on Monday as illustrated by the BLOM Bond Index (BBI), which ticked up by a marginal 0.004% to 104.86 points, recording a year-to-date loss of 2.43%. Yield on the 10Y Lebanese Eurobonds remained at 6.48% for the 3rd consecutive session, while that of the 5Y declined by 1 basis point (bp) to 5.97%. As demand for medium-term US notes regressed on Monday, the spread between the 5Y Lebanese notes and their U.S. counterpart narrowed by 7 basis points (bps) to 462 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from the previous quote 397-419 bps to 398-423 bps.

 LastPrevious ChangeY-t-D Change
Weighted Yield5.95%5.96%-1 bps 
Duration (Years)5.945.94   
5Y Bond Yield5.97%5.98%-1bps 
5Y Spread*462469-7bps 
10Y Bond Yield6.48%6.48%0bps 
10Y Spread*441449-8bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.254.51%0
Mar. 2017105.55.04%-2
Oct. 201799.55.26%0
Jun. 201899.55.35%0
Nov. 201899.255.41%0
Apr. 2019100.3185.40%0
May. 20191015.69%0
Mar. 20201025.85%0
Apr. 20201005.80%0
Apr. 20211106.09%0
Oct. 202299.756.14%0
Jan. 2023996.17%0
Dec. 2024104.256.38%0
Feb. 202598.56.41%0
Jun. 202598.56.46%0
Nov. 20261006.60%0
Nov. 20271016.63%0
Feb. 2030996.76%0








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