Progress on the Lebanese Eurobonds Market for the 3rd Session Running

Demand for Lebanese Eurobonds improved on Tuesday for the third consecutive session, which caused the BLOM Bond Index (BBI) to increase by 0.12% to 105.18 points, narrowing its year-to-date loss to 2.13%. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 2 basis points (bps) and 3 bps to 5.91% and 6.42%, respectively. In the US, demand for medium term maturities regressed, causing the 5Y spread between the Lebanese Eurobonds and their U.S comparable to tighten by 7 bps to 451 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly narrowed from their previous quotes of 394-417 bps to 387-410 bps.

 LastPrevious ChangeY-t-D Change
Weighted Yield5.86%5.90%-4 bps 
Duration (Years)4.944.94   
5Y Bond Yield5.91%5.93%-2bps 
5Y Spread*451458-7bps 
10Y Bond Yield6.42%6.45%-3bps 
10Y Spread*434441-7bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.44.35%0
Mar. 2017105.754.75%-19
Oct. 20171005.00%-13
Jun. 20181005.15%-10
Nov. 201899.755.24%-9
Apr. 20191005.50%0
May. 2019101.55.53%-4
Mar. 2020102.255.78%0
Apr. 20201005.80%0
Apr. 2021110.386.00%-5
Oct. 202299.886.12%-2
Jan. 2023996.17%0
Dec. 2024104.636.32%-2
Feb. 202598.886.36%0
Jun. 2025996.39%-2
Nov. 2026100.636.52%-3
Nov. 2027101.256.60%-1
Feb. 203099.256.73%0








Leave a Reply

Your email address will not be published. Required fields are marked *