Improving Appetite for Lebanese Eurobonds During the First Session of the Week

Demand for Lebanese Eurobonds progressed on Monday, which caused the BLOM Bond Index (BBI) to increase by 0.20% to 105.06 points, narrowing its year-to-date loss to 2.25%. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 5 basis points (bps) and 4 bps to 5.93% and 6.45%, respectively.  In the US, demand for medium term maturities improved but at a slower pace than that of its Lebanese counterpart, causing the 5Y spread between the two notes to narrow by 4 bps to 458 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they remained at their previous quotes of 394-417 bps.

LastPrevious ChangeY-t-D Change
Weighted Yield5.90%5.93%-3 bps
Duration (Years)4.944.94
5Y Bond Yield5.93%5.98%-5bps
5Y Spread*458462-4bps
10Y Bond Yield6.45%6.49%-4bps
10Y Spread*441445-4bps

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.44.35%0
Mar. 2017105.54.93%-2
Oct. 201799.755.13%0
Jun. 201899.755.25%0
Nov. 201899.55.33%0
Apr. 20191005.50%0
May. 2019101.385.57%-4
Mar. 2020102.255.79%-3
Apr. 20201005.80%-6
Apr. 2021110.136.05%-5
Oct. 202299.756.14%-7
Jan. 2023996.17%-4
Dec. 2024104.56.34%-5
Feb. 202598.886.36%-5
Jun. 202598.886.41%-5
Nov. 2026100.386.55%-5
Nov. 2027101.136.61%-5
Feb. 203099.256.73%-3








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