Appetite for Lebanese Eurobonds Waned on Wednesday

Demand on the Lebanese Eurobonds market dropped on Wednesday, as illustrated by the 0.32% daily drop and the 3.30% year-to-date decline in the BLOM Bond Index (BBI) to 103.93 points. Yields on the 5Y and 10Y Lebanese Eurobonds augmented by 2 basis point (bps) and 6 bps to 6.11% and 6.66%, respectively. As demand for medium term maturities in the U.S. stagnated at 1.72% yesterday, the spread between the yields of the 5Y Lebanese Eurobonds and their U.S. counterpart broadened by 2 bps to 439 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they remained at their previous quotes 392-417 bps.

 LastPrevious ChangeY-t-D Change
Weighted Yield6.11%6.04%7 bps 
Duration (Years)4.864.86   
5Y Bond Yield6.11%6.09%2bps 
5Y Spread*4394372bps 
10Y Bond Yield6.66%6.60%6bps 
10Y Spread*4344286bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 20161004.75%0
Mar. 2017105.135.04%-1
Oct. 201799.755.14%14
Jun. 201899.55.36%0
Nov. 201899.255.42%9
Apr. 201999.755.58%0
May. 20191015.68%0
Mar. 2020101.755.91%20
Apr. 202099.55.93%13
Apr. 2021109.256.21%5
Oct. 2022996.28%9
Jan. 202397.756.39%4
Dec. 2024103.636.46%9
Feb. 202597.756.52%7
Jun. 202597.756.57%7
Nov. 202699.256.70%3
Nov. 20271006.75%6
Feb. 203097.56.93%6








Leave a Reply

Your email address will not be published.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