Lebanese Eurobonds Lost Momentum on Wednesday

Demand for Lebanese Eurobonds weakened on Wednesday following three positive sessions, which caused the BLOM Bond Index (BBI) to decline by 0.13% to 105.04 points, broadening its year-to-date loss to 2.26%. Yields on the 5Y and 10Y Lebanese Eurobonds went up by 5 basis points (bps) and 3 bps to 5.96% and 6.45%, respectively. In the US, demand for medium term maturities stagnated, causing the 5Y spread between the Lebanese Eurobonds and their U.S counterpart to broaden by 5 bps to 456 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they remained at their previous quotes of 387-410 bps.

LastPrevious ChangeY-t-D Change
Weighted Yield5.90%5.86%4 bps
Duration (Years)4.924.93
5Y Bond Yield5.96%5.91%5bps
5Y Spread*4564515bps
10Y Bond Yield6.45%6.42%3bps
10Y Spread*4374343bps

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.44.35%0
Mar. 2017105.54.92%17
Oct. 201799.755.13%13
Jun. 201899.755.25%10
Nov. 201899.55.33%9
Apr. 20191005.50%0
May. 2019101.255.61%8
Mar. 2020102.135.82%3
Apr. 202099.755.86%6
Apr. 2021110.256.02%3
Oct. 202299.756.14%2
Jan. 2023996.17%0
Dec. 2024104.56.34%2
Feb. 202598.886.36%0
Jun. 202598.886.41%2
Nov. 2026100.56.53%2
Nov. 2027101.136.61%1
Feb. 203099.256.73%0








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