Appetite for Medium Term Lebanese Eurobonds Weakened During Last Friday’s Session

Demand for medium term Lebanese Eurobonds faded on Friday, as illustrated by the 0.08% daily drop in the BLOM Bond Index (BBI) to 103.83 points. Yield on the 10Y Lebanese Eurobonds steadied at Thursday’s level of 6.69% while that of the 5Y increased by 7 basis points (bps) to 6.22%. As demand for medium term maturities in the U.S. improved, the spread between the yields of the 5Y Lebanese Eurobonds and their U.S. counterpart broadened by 13 bps to 455 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they widened from their previous quotes of 392-417 bps to 398-418 bps.

LastPrevious ChangeY-t-D Change
Weighted Yield6.13%6.11%2 bps
Duration (Years)4.854.86
5Y Bond Yield6.22%6.15%7bps
5Y Spread*45544213bps 
10Y Bond Yield6.69%6.69%0bps
10Y Spread*4414374bps


*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 20161004.75%0
Mar. 2017105.135.02%-1
Oct. 201799.635.20%0
Jun. 201899.385.41%0
Nov. 2018995.52%0
Apr. 201999.55.66%0
May. 2019100.55.84%0
Mar. 2020101.256.04%3
Apr. 2020996.06%3
Apr. 2021108.756.31%5
Oct. 202298.386.39%2
Jan. 202397.56.44%4
Dec. 20241036.55%2
Feb. 202597.136.62%0
Jun. 202597.136.66%2
Nov. 202698.636.78%0
Nov. 202799.386.83%0








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