Stagnant Activity Observed on the Lebanese Eurobonds Market on Thursday

Demand for short-term Lebanese Eurobonds witnessed a slight improvement on Thursday, pulling the BLOM Bond Index (BBI) up by a marginal 0.02% to 104.79 points. Yields on the 5Y and 10Y Lebanese Eurobonds steadied at 6.00% and 6.48%, respectively. In the US, demand for medium-term maturities declined, narrowing the 5Y spread between the Lebanese Eurobonds and their U.S comparable by 3 basis points (bps) to 460 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they went from 389-412 bps to 395-405 bps.

LastPreviousChangeY-t-D Change
Weighted Yield5.96%5.96%0bps
Duration (Years)4.934.93
5Y Bond Yield6.00%6.00%0bps
5Y Spread*460463-3bps
10Y Bond Yield6.48%6.48%0bps
10Y Spread*436440-4bps

*Between Lebanese and U.S notes

 PriceYieldYield Change (in bps)
Nov. 2016100.44.36%1
Mar. 2017105.385.10%-1
Oct. 201799.755.13%0
Jun. 201899.55.35%0
Nov. 201899.255.41%0
Apr. 20191005.50%0
May. 20191015.69%0
Mar. 2020102.135.82%0
Apr. 202099.755.86%0
Apr. 2021109.756.14%0
Oct. 202299.256.23%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. 2027100.756.66%0
Feb. 2030996.76%-3




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