Slow Activity on the Lebanese Eurobonds Market on Wednesday

Demand for Lebanese Eurobonds was relatively shy yesterday causing the BLOM Bond Index (BBI) to marginally fall by 0.03% to 104.94 points. Yields on the 5Y and 10Y Lebanese Eurobonds steadied at Tuesday’s levels of 5.95% and 6.47%, respectively. In the US, demand for medium term maturities regressed causing the 5Y spread between the Lebanese Eurobonds and their U.S counterpart to narrow by 9 basis points (bps) to 448 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly narrowed from their previous quotes of 395-418 bps to 392-417 bps.

 LastPrevious ChangeY-t-D Change
Weighted Yield5.91%5.91%0 bps 
Duration (Years)4.904.91   
5Y Bond Yield5.95%5.95%0bps 
5Y Spread*448457-9bps 
10Y Bond Yield6.47%6.47%0bps 
10Y Spread*437442-5bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.394.35%0
Mar. 2017105.54.87%-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. 20201005.80%0
Apr. 20211106.07%0
Oct. 202299.636.17%2
Jan. 202398.756.21%2
Dec. 2024104.356.36%2
Feb. 202598.636.40%2
Jun. 202598.756.42%0
Nov. 2026100.136.58%0
Nov. 2027101.136.61%0
Feb. 203098.886.77%1








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