Higher Demand for Lebanese Eurobonds across Maturities

The BLOM Bond Index (BBI) recouped some losses and gained 0.3% to 102.72 points.The yields on the Lebanese Eurobonds maturing in 5 Years and 10 Years slid from 6.51% and 6.90% to 6.50% and 6.87%, respectively. The 5Y yield spread between the Lebanese Eurobonds and their US comparable narrowed from a previous 485 bps to 484 bps while Lebanon’s 5Y Credit Default Swaps went from 403-433 bps to 408-428 bps.

 

 

 LastPrevious ChangeY-t-D Change
BBI102.724102.4590.259%-4.42%
Weighted Yield6.37%6.44%-8 bps 
Duration (Years)5.115.11   
5Y Bond Yield6.50%6.51%-1bps 
5Y Spread*484485-1bps 
10Y Bond Yield6.87%6.90%-3bps 
10Y Spread*464466-2bps 

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 20161004.75%0
Mar. 20171055.03%-39
Oct. 201799.385.35%-14
Jun. 2018995.58%0
Nov. 2018995.52%-9
Apr. 201998.55.99%0
May. 20191006.00%-24
Nov.201997.56.16%-14
Mar. 20201006.37%0
Apr. 2020986.33%-7
Apr. 2021107.56.57%-3
Oct. 202297.256.60%-5
Jan. 202396.56.62%-5
Nov. 202497.56.62%-8
Dec. 20241026.70%-7
Feb. 2025966.79%-4
Jun. 2025966.83%-4
Nov. 202697.56.93%-7
Nov. 202797.57.06%-3
Nov. 202896.57.07%-6
Feb. 203094.57.27%0
Nov. 2035977.34%0

 

 

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