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.
*Between Lebanese and U.S notes Last Previous Change Y-t-D Change BBI 102.896 102.712 0.179% -4.26% Weighted Yield 6.40% 6.44% -4 bps Duration (Years) 5.24 5.24 5Y Bond Yield 6.47% 6.49% -2 bps 5Y Spread* 484 490 -6 bps 10Y Bond Yield 6.88% 6.90% -2 bps 10Y Spread* 470 475 -5 bps Price Yield Yield Change (in bps) Mar. 2017 104.5 5.36% -10 Oct. 2017 99.25 5.43% -14 Jun. 2018 99.25 5.47% -11 Nov. 2018 99.00 5.52% -9 Apr. 2019 98.5 5.99% 0 May. 2019 99.5 6.16% 0 Nov.2019 97.5 6.17% 0 Mar. 2020 100.25 6.30% 0 Apr. 2020 98 6.33% 0 Apr. 2021 107.5 6.56% -5 Oct. 2022 97.5 6.56% 0 Jan. 2023 96.75 6.58% -5 Nov. 2024 97.25 6.66% 4 Dec. 2024 102.13 6.68% -2 Feb. 2025 96.5 6.71% -8 Jun. 2025 96.5 6.75% -7 Nov. 2026 97.5 6.93% -3 Nov. 2027 98.13 6.98% -6 Nov. 2028 96.5 7.07% -1 Feb. 2030 95.5 7.16% -3 Nov. 2035 98 7.24% -2