Weak Performance Marked the Lebanese Eurobonds Market on Friday

Demand for Lebanese Eurobonds saw a decline on Friday, as shown by the BLOM Bond Index (BBI) that lost 0.29% to 102.43 points. The yield on the 5Y Lebanese Eurobonds lost 2 basis points (bps) to 6.48%, while that of 10Y added 1 bp to 6.88%. in the US, demand for medium term maturities increased at the same pace as their Lebanese counterpart, leaving the 5Y yield spread between the Lebanese Eurobonds and their US comparable unchanged at 484 bps. As for the 5Y Credit Default Swaps, they narrowed slightly from 408-428 bps to 407-427 bps.



 LastPreviousChangeY-t-D Change
Weighted Yield6.45%6.37%8bps 
Duration (Years)5.115.11   
5Y Bond Yield6.48%6.50%-2bps 
5Y Spread*484484 
10Y Bond Yield6.88%6.87%1bps 
10Y Spread*4664642bps 

*Between Lebanese and U.S notes

 PriceYieldYield Change (in bps)
Nov. 20161004.75%0
Mar. 2017104.55.40%38
Oct. 201799.255.42%7
Jun. 2018995.58%0
Nov. 2018995.52%0
Apr. 2019986.16%17
May. 2019996.32%32
Mar. 20201006.37%0
Apr. 202097.756.39%7
Apr. 20211076.68%11
Oct. 2022976.65%5
Jan. 202396.256.66%5
Nov. 2024976.70%8
Dec. 2024101.56.77%7
Feb. 202595.756.83%4
Jun. 202595.756.86%4
Nov. 202696.57.06%13
Nov. 202797.257.09%3
Nov. 2028967.13%6
Feb. 2030957.22%-6
Nov. 203597.57.29%-5



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