Lebanese Eurobonds Market Partly Recovered Monday’s Losses

Demand for Lebanese Eurobonds slightly improved causing the BLOM Bond Index (BBI) to tick up by 0.02% to 102.94 points, narrowing its year-to-date loss to 4.22%. Yield on the 5Y Lebanese Eurobonds increased by 4 basis points (bps) to 6.42% while that of the 10Y went down by 1 bp to 6.87%. As demand for medium term maturities in the U.S. stagnated at Monday’s level of 1.66%, the spread between the yields of the 5Y Lebanese Eurobonds and their U.S. counterpart broadened by 4 bps to 476 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from their previous quotes of 392-417 bps to 408-433 bps.

 LastPrevious ChangeY-t-D Change
Weighted Yield6.32%6.32%0 bps 
Duration (Years)5.145.14   
5Y Bond Yield6.42%6.38%4bps 
5Y Spread*4764724bps 
10Y Bond Yield6.87%6.88%-1bps 
10Y Spread*4624611bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 20161004.75%0
Mar. 20171055.09%9
Oct. 201799.635.20%-7
Jun. 201899.385.41%-5
Nov. 2018995.52%0
Apr. 201999.55.66%0
May. 2019100.255.92%16
Mar. 2020100.56.24%13
Apr. 202098.256.26%13
Apr. 2021107.56.58%-5
Oct. 202297.386.58%-7
Jan. 202396.636.59%-9
Nov. 202497.56.62%-21
Dec. 2024102.56.63%-20
Feb. 2025966.79%-6
Jun. 2025966.83%-4
Nov. 202697.56.93%0
Nov. 202797.887.01%-2
Nov. 202896.57.07%0
Feb. 203095.257.19%6
Nov. 203597.257.31%5








Leave a Reply

Your email address will not be published.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