Lebanese Eurobonds Witnessed Mixed Demand on Thursday

Despite a mixture in demand for Lebanese Eurobonds yesterday the BLOM Bond Index (BBI) dropped slightly by 0.01% to 104.94 points. Yields on the 5Y and 10Y Lebanese Eurobonds increased by 3 basis points (bps) and 1 bp to 5.98% and 6.48%, 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 3 bps to 445 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from their previous quotes of 392-417 bps to 398-420 bps.

 LastPrevious ChangeY-t-D Change
Weighted Yield5.91%5.91%0 bps 
Duration (Years)4.904.90   
5Y Bond Yield5.98%5.95%3bps 
5Y Spread*445448-3bps 
10Y Bond Yield6.48%6.47%1bps 
10Y Spread*429437-8bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.394.35%0
Mar. 2017105.54.86%-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. 20201025.85%6
Apr. 202099.755.86%6
Apr. 20211106.07%0
Oct. 202299.756.14%-2
Jan. 202398.886.19%-2
Dec. 2024104.56.34%-2
Feb. 202598.756.38%-2
Jun. 202598.756.42%0
Nov. 2026100.136.58%0
Nov. 2027100.886.64%3
Feb. 2030996.76%-1








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