Medium and Long-term Lebanese Eurobonds Started the Week with an Improvement

Demand for Lebanese Eurobonds improved at the start of the week, with the BLOM Bond Index (BBI) adding 0.13% to 102.56 points. Yields on the 5Y and 10Y Lebanese Eurobonds lost 3 basis points (bps) and 4 bps to 6.45% and 6.84%, respectively. In the US, demand for medium term maturities decreased, narrowing the 5Y yield spread between the Lebanese Eurobonds and their US comparable by 4 bps to 480 bps. As for the 5Y Credit Default Swaps, they broadened slightly to 408-428 bps from a previous quote of 407-427 bps.


 LastPreviousChangeY-t-D Change
Weighted Yield6.44%6.45%-1bps 
Duration (Years)5.145.11   
5Y Bond Yield6.45%6.48%-3bps 
5Y Spread*480484-4bps 
10Y Bond Yield6.84%6.88%-4bps 
10Y Spread*463466-3bps 

*Between Lebanese and U.S notes

 PriceYieldYield Change (in bps)
Nov. 20161004.75%0
Mar. 2017104.385.47%7
Oct. 2017995.57%15
Jun. 2018995.58%0
Nov. 201898.755.61%9
Apr. 201998.55.99%-17
May. 201999.136.28%-4
Mar. 2020100.136.34%-4
Apr. 202097.886.36%-3
Apr. 2021107.136.65%-3
Oct. 202297.136.63%-2
Jan. 202396.256.67%0
Nov. 202497.256.66%-4
Dec. 2024101.756.74%-4
Feb. 202595.886.81%-2
Jun. 202595.886.85%-2
Nov. 202697.136.98%-8
Nov. 202797.637.05%-5
Nov. 202896.387.08%-5
Feb. 203095.257.19%-3
Nov. 203597.57.29%0



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