Demand Improved for Medium Term Lebanese Eurobonds Last Friday

Demand for short and medium term Lebanese Eurobonds experienced some improvement on Friday, pulling the BLOM Bond Index (BBI) up by a 0.1% to 104.90 points. Yield on the 10Y Lebanese Eurobonds steadied at 6.48% for the seventh consecutive session, while that of the 5Y dropped by 6 basis points (bps) to 5.94%. In the US, demand for medium-term maturities declined, narrowing the 5Y spread between the Lebanese Eurobonds and their U.S comparable by 7 basis points (bps) to 453 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they went from 395-405 bps to 390-413 bps.

LastPrevious ChangeY-t-D Change
Weighted Yield5.93%5.96%-3 bps
Duration (Years)4.934.93
5Y Bond Yield5.94%6.00%-6bps
5Y Spread*453460-7bps
10Y Bond Yield6.48%6.48%0bps
10Y Spread*4364360bps

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.44.36%0
Mar. 2017105.55.10%-9
Oct. 20171005.13%-13
Jun. 201899.755.35%-10
Nov. 201899.55.41%-9
Apr. 20191005.50%0
May. 2019101.255.69%-8
Mar. 2020102.135.82%0
Apr. 202099.755.86%0
Apr. 20211106.14%-5
Oct. 202299.56.23%-4
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%0








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