Demand for Lebanese Eurobonds increased for the second session running, as the BLOM Bond Index (BBI) added 0.15% to 102.71 points. The yield on the 5Y Lebanese Eurobonds lost 12 basis points (bps) to 6.33%, while that of the 10Y added 6 bps to 6.90%. In the US, demand for medium term maturities also grew, however at a slower pace, narrowing the 5Y yield spread between the Lebanese Eurobonds and their US comparable by 6 bps to 474 bps. As for the 5Y Credit Default Swaps, they tightened slightly from 408-428 to 407-427 bps.
*Between Lebanese and U.S notes Last Previous Change Y-t-D Change BBI 102.712 102.558 0.150% -4.43% Weighted Yield 6.44% 6.44% 1 bps Duration (Years) 5.24 5.14 5Y Bond Yield 6.33% 6.45% -12 bps 5Y Spread* 474 480 -6 bps 10Y Bond Yield 6.90% 6.84% 6 bps 10Y Spread* 475 463 12 bps Price Yield Yield Change (in bps) Mar. 2017 104.38 5.46% -1 Oct. 2017 99 5.57% 0 Jun. 2018 99 5.58% 0 Nov. 2018 98.75 5.61% 0 Apr. 2019 98.5 5.99% 0 May. 2019 99.5 6.16% -12 Nov.2019 97.5 6.17% -15 Mar. 2020 100.25 6.30% -3 Apr. 2020 98 6.33% -3 Apr. 2021 107.25 6.65% -3 Oct. 2022 97.5 6.63% -7 Jan. 2023 96.5 6.67% -5 Nov. 2024 97.5 6.66% -4 Dec. 2024 102 6.74% -4 Feb. 2025 96 6.81% -2 Jun. 2025 96 6.85% -2 Nov. 2026 97.25 6.98% -2 Nov. 2027 97.63 7.05% 0 Nov. 2028 96.38 7.08% 0 Feb. 2030 95.25 7.19% 0 Nov. 2035 97.75 7.29% -2
