Lebanese Eurobonds Recuperated on Thursday

After 7 consecutive sessions of losses on the Lebanese Eurobonds market, demand finally posted a slight recovery on Thursday.  Accordingly, the BLOM Bond Index (BBI) ticked up by 0.04% to settle at 105.72 points, narrowing its year-to-date loss to 1.63%. Yields on the 5Y and 10Y Lebanese Eurobonds decreased by 4 basis points (bps) and 1 bp to 5.60% and 6.46%, respectively. With demand for U.S. medium term notes stagnating, the 5Y spread between Lebanese Eurobonds and their US counterpart narrowed by 4 bps to 411 bps. The Lebanese 5Y Credit Default Swaps (CDS) tightened from their previous quotes of 380-405 bps to 373-398 bps.


LastPrevious ChangeY-t-D Change
Weighted Yield5.74%5.76%4 bps
Duration (Years)5.035.03
5Y Bond Yield5.60%5.64%-4bps
5Y Spread*411415-4bps
10Y Bond Yield6.46%6.47%-1bps
10Y Spread*428429-1bps

*Between Lebanese and U.S notes

 PriceYield Yield Change (in bps)
Nov. 2016100.784.06%-1
Mar. 2017106.384.72%-1
Oct. 2017100.54.75%-6
Jun. 2018100.884.81%-5
Nov. 2018100.385.02%4
Apr. 2019100.55.35%0
Mar. 20201035.62%-6
Apr. 2020100.755.61%-6
Apr. 2021110.755.97%0
Oct. 2022100.755.97%-6
Jan. 202399.886.02%-4
Dec. 2024105.636.19%-2
Feb. 202599.256.31%4
Nov. 2026100.56.53%0
Nov. 2027101.256.60%0
Feb. 203099.56.70%5






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