Demand Fell for Lebanese Eurobonds on Wednesday

Demand for Lebanese Eurobonds was weak on Wednesday as the BLOM Bond Index (BBI) fell by 0.16% to 105.72 points, with a year-to-date loss of 1.63%. Yields on the 5Y and 10Y Lebanese Eurobonds increased by 2 basis points (bps) each to 5.61% and 6.45%, respectively. The 5Y spread between Lebanese Eurobonds and their US counterpart contracted by 1 bp, given that demand for U.S. medium term notes regressed at a faster pace that that of the medium term Lebanese notes. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from 368-397 bps to 378-403 bps.


LastPrevious ChangeY-t-D Change
Weighted Yield5.74%5.71%3 bps 
Duration (Years)5.025.02
5Y Bond Yield5.61%5.59%2bps
5Y Spread*409410-1bps
10Y Bond Yield6.45%6.43%2bps
10Y Spread*425426-1bps

*Between Lebanese and U.S notes
PriceYield Yield Change (in bps)
Nov. 2016100.6044.21%15
Mar. 2017106.4774.62%1
Oct. 2017100.7924.60%-15
Jun. 2018100.754.86%0
Nov. 2018100.2085.08%6
Apr. 2019100.7075.28%1
Mar. 2020102.5835.72%10
Apr. 2020100.7615.61%-3
Apr. 2021110.6365.99%7
Oct. 2022100.236.06%9
Jan. 202399.7926.03%1
Dec. 2024105.7876.17%-1
Feb. 202599.7956.23%3
Nov. 2026100.3416.55%5
Nov. 2027101.56.57%2
Feb. 2030100.0226.65%0






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