Demand for Medium Term Lebanese Eurobonds Slightly Improved on Friday

Overall appetite for medium term Lebanese Eurobonds witnessed a slight improvement on Friday which caused the BLOM Bond Index (BBI) to marginally tick up by 0.01% to 104.84 points, narrowing its year-to-date loss to 2.44%. Yield on the 10Y Lebanese Eurobonds steadied at 6.49% while that of the 5Y dropped by 2 basis points (bps) to 5.98%. In the US, demand for medium term maturities weakened causing the 5Y spread between the Lebanese Eurobonds and their U.S comparable to narrow by 4 bps to 462 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they narrowed from their previous quotes of 389-417 bps to 394-417 bps.

 LastPrevious ChangeY-t-D Change
Weighted Yield5.93%5.94%-1 bps 
Duration (Years)4.944.94   
5Y Bond Yield5.98%6.00%-2bps 
5Y Spread*462466-4bps 
10Y Bond Yield6.49%6.49%0bps 
10Y Spread*4454450bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.44.35%-1
Mar. 2017105.54.96%0
Oct. 201799.755.13%0
Jun. 201899.755.25%0
Nov. 201899.55.33%0
Apr. 20191005.50%4
May. 2019101.255.57%0
Mar. 2020102.135.82%0
Apr. 202099.755.86%0
Apr. 2021109.886.13%-3
Oct. 202299.386.21%0
Jan. 202398.756.21%0
Dec. 2024104.136.39%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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