Appetite for Lebanese Eurobonds Faded on Monday

Demand on the Lebanese Eurobonds market weakened on Monday, illustrated by an upward shift of the yield curve. This caused the BLOM Bond Index (BBI) to drop by 0.18% to 104.39 points, broadening its year-to-date loss to 2.86%. Yields on the 5Y and 10Y Lebanese Eurobonds went up by 6 basis points (bps) and 3 bps to 6.08% and 6.57%, respectively. Demand for medium term maturities in the U.S. fell but at a slower pace than that of its Lebanese counterpart, leading the 5Y spread between both notes to broaden by 4 bps to 433 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they steadied at their previous quotes of 391-416 bps.

LastPrevious ChangeY-t-D Change
Weighted Yield6.03%5.98%5 bps
Duration (Years)4.874.88
5Y Bond Yield6.08%6.02%6bps
5Y Spread*4334294bps
10Y Bond Yield6.57%6.54%3bps
10Y Spread*4214201bps

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 20161004.75%25
Mar. 2017105.135.05%7
Oct. 201799.755.14%0
Jun. 201899.55.36%11
Nov. 201899.255.42%9
Apr. 201999.755.58%8
May. 20191015.68%0
Mar. 2020101.755.91%6
Apr. 202099.55.93%7
Apr. 2021109.256.21%5
Oct. 2022996.28%5
Jan. 202398.256.30%2
Dec. 2024103.886.43%0
Feb. 202598.136.47%0
Jun. 202598.136.51%0
Nov. 202699.56.66%3
Nov. 2027100.256.72%3
Feb. 2030986.87%1








Leave a Reply

Your email address will not be published.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