Demand Strengthened for Lebanese Eurobonds on Wednesday

Demand for Lebanese Eurobonds improved on Wednesday, causing the BLOM BOND INDEX (BBI) to tick up by 0.10% to 103.79 points. The yields on the 5Y and 10Y Lebanese Eurobonds went down from Tuesday’s level by 4 basis points (bps) and 2 bps to 6.16% and 6.71%, respectively. Demand for medium term US treasuries fell yesterday’s, narrowing the 5Y yield spread between Lebanese Eurobonds and their US comparable by 8 bps to 441 bps. The 5Y Credit Default Swaps remained at their previous quotes of 410-430 bps.

 Last Previous ChangeY-t-D Change
Weighted Yield6.20%6.22%-2 bps 
Duration (Years)5.225.22   
5Y Bond Yield6.16%6.20%-4bps 
5Y Spread*441449-8bps 
10Y Bond Yield6.71%6.73%-2bps 
10Y Spread*441445-4bps 


*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Mar. 2017104.85.01%-0.82
Oct. 201799.755.14%0.02
Jun. 201899.755.26%0.00
Nov. 201899.505.34%0.01
Apr. 2019995.83%0.02
May. 2019100.55.84%-0.02
Mar. 2020101.256.03%-0.02
Apr. 2020996.06%0.01
Apr. 2021109.136.21%-8.15
Oct. 2022986.47%0.01
Jan. 202397.256.49%-9.04
Nov. 2024986.55%-3.80
Dec. 20241036.55%-3.68
Feb. 202597.256.60%-3.73
Jun. 202597.386.63%-5.56
Nov. 2026986.86%3.32
Nov. 2027996.87%0.00
Nov. 202897.886.90%0.00
Feb. 2030976.99%-1.37
Nov. 203599.387.11%-1.24

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