Lower Demand for Lebanese Eurobonds on Friday

The BLOM Bond Index (BBI) shed 0.07% to 102.59 points on Friday mainly on account of lower demand for Lebanese Eurobonds maturing in five years. While the yield on the 10 Year Lebanese Eurobonds stabilized at 6.87%, the yield on the 5-Year Lebanese Eurobonds rose by 5 basis points (bps) to 6.53%. Accordingly, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable widened by 3 bps to 483 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they declined from their previous quotes of 411- 433 bps to 401-431 bps.

LastPrevious ChangeY-t-D Change
Weighted Yield6.41%6.38%3 bps
Duration (Years)5.135.13
5Y Bond Yield6.53%6.48%5bps
5Y Spread*4834803bps
10Y Bond Yield6.87%6.87%0bps
10Y Spread*461463-2bps

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 201699.77005.00%25
Mar. 2017104.75005.25%18
Oct. 201799.25005.42%7
Jun. 201899.00005.57%0
Nov. 201898.75005.61%0
Apr. 201999.00005.82%0
May. 2019100.00006.00%0
Mar. 2020100.00006.37%10
Apr. 202097.75006.39%10
Apr. 2021107.00006.68%5
Oct. 202297.00006.65%2
Jan. 202396.13006.68%2
Nov. 202497.00006.70%4
Dec. 2024101.75006.74%-4
Feb. 202596.00006.79%-4
Jun. 202596.00006.83%-2
Nov. 202697.25006.96%0
Nov. 202797.88007.01%-5
Nov. 202896.50007.07%-3
Feb. 203094.50007.27%0
Nov. 203597.25007.31%-2






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