Demand for Lebanese Eurobonds Weakened for the 6th Session Running

Demand on the Lebanese Eurobonds market declined on Tuesday, as illustrated by the 0.13% daily drop and the 2.99% year-to-date decline in the BLOM Bond Index (BBI) to 104.26 points. Yields on the 5Y and 10Y Lebanese Eurobonds augmented by 1 basis point (bp) and 3 bps to 6.09% and 6.60%, respectively. Demand for medium term maturities in the U.S. progressed, which caused the 5Y spread between the Lebanese Eurobonds and their U.S. counterpart to broaden by 4 bps to 437 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they remained almost unmoved at 392-417 bps.

 LastPrevious ChangeY-t-D Change
Weighted Yield6.04%6.03%1 bps 
Duration (Years)4.864.87   
5Y Bond Yield6.09%6.08%1bps 
5Y Spread*4374334bps 
10Y Bond Yield6.60%6.57%3bps 
10Y Spread*4284217bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 20161004.75%0
Mar. 2017105.135.04%-1
Oct. 201799.755.14%0
Jun. 201899.55.36%0
Nov. 201899.255.42%0
Apr. 201999.755.58%0
May. 20191015.68%0
Mar. 2020101.755.91%0
Apr. 202099.55.93%0
Apr. 2021109.256.21%0
Oct. 2022996.28%0
Jan. 202397.756.39%9
Dec. 2024103.636.46%4
Feb. 202597.756.52%6
Jun. 202597.756.57%5
Nov. 202699.256.70%3
Nov. 20271006.75%3
Feb. 203097.56.93%6








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