Quiet Session on the Lebanese Eurobonds Market Last Friday

Demand for Lebanese Eurobonds barely changed during the last session of the past week, which caused the BLOM Bond Index (BBI) to tick down by 0.02% to 105.03 points, broadening its year-to-date loss to 2.27%. Yields on the 5Y and 10Y Lebanese Eurobonds steadied at Thursday’s level of 5.96% and 6.45%, respectively. In the US, demand for medium term maturities weakened, causing the 5Y spread between the Lebanese Eurobonds and their U.S counterpart to narrow by 7 basis points (bps) to 453 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly tightened from their previous quotes of 392-415 bps to 391-414 bps.

LastPrevious ChangeY-t-D Change
Weighted Yield5.90%5.90%0 bps
Duration (Years)4.924.92
5Y Bond Yield5.96%5.96%0bps
5Y Spread*453460-7bps
10Y Bond Yield6.45%6.45%0bps
10Y Spread*436441-5bps

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.394.36%0
Mar. 2017105.54.90%-1
Oct. 201799.755.13%0
Jun. 201899.755.25%0
Nov. 201899.55.33%0
Apr. 20191005.50%0
May. 2019101.255.61%0
Mar. 2020102.255.78%0
Apr. 202099.755.86%0
Apr. 2021110.256.02%0
Oct. 202299.756.14%0
Jan. 2023996.17%0
Dec. 2024104.56.34%0
Feb. 202598.886.36%0
Jun. 202598.886.41%0
Nov. 2026100.386.55%2
Nov. 2027101.136.61%0
Feb. 203099.136.74%1








Leave a Reply

Your email address will not be published.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