Lebanese Eurobonds Kept their Momentum for the Third Session in a Row

The Lebanese Eurobonds Market remained in the green for the third session running, as the BLOM Bond Index (BBI) gained 0.18% to 102.90 points. Yields on the 5Y and 10Y Lebanese Eurobonds dropped 2 basis points (bps) each to 6.47% and 6.88%, respectively. In the US, demand for medium term maturities dropped, narrowing the 5Y yield spread between the Lebanese Eurobonds and their US comparable by 6 bps to 484 bps. As for the 5Y Credit Default Swaps, they tightened marginally from 407-427 to 406-426 bps.



 LastPreviousChangeY-t-D Change
Weighted Yield6.40%6.44%-4bps 
Duration (Years)5.245.24   
5Y Bond Yield6.47%6.49%-2bps 
5Y Spread*484490-6bps 
10Y Bond Yield6.88%6.90%-2bps 
10Y Spread*470475-5bps 

*Between Lebanese and U.S notes

 PriceYieldYield Change (in bps)
Mar. 2017104.55.36%-10
Oct. 201799.255.43%-14
Jun. 201899.255.47%-11
Nov. 201899.005.52%-9
Apr. 201998.55.99%0
May. 201999.56.16%0
Mar. 2020100.256.30%0
Apr. 2020986.33%0
Apr. 2021107.56.56%-5
Oct. 202297.56.56%0
Jan. 202396.756.58%-5
Nov. 202497.256.66%4
Dec. 2024102.136.68%-2
Feb. 202596.56.71%-8
Jun. 202596.56.75%-7
Nov. 202697.56.93%-3
Nov. 202798.136.98%-6
Nov. 202896.57.07%-1
Feb. 203095.57.16%-3
Nov. 2035987.24%-2




Leave a Reply

Your email address will not be published. Required fields are marked *