Lebanese Eurobonds Saw Higher Demand on Tuesday
Demand for Lebanese Eurobonds increased for the second session running, as the BLOM Bond Index (BBI) added 0.15% to 102.71 points. The yield on the 5Y Lebanese Eurobonds lost 12 basis points (bps) to 6.33%, while that of the 10Y added 6 bps to 6.90%. In the US, demand for medium term maturities also grew, however at a slower pace, narrowing the 5Y yield spread between the Lebanese Eurobonds and their US comparable by 6 bps to 474 bps. As for the 5Y Credit Default Swaps, they tightened slightly from 408-428 to 407-427 bps.
*Between Lebanese and U.S notes
Last
Previous
Change
Y-t-D Change
BBI
102.712
102.558
0.150%
-4.43%
Weighted Yield
6.44%
6.44%
1
bps
Duration (Years)
5.24
5.14
5Y Bond Yield
6.33%
6.45%
-12
bps
5Y Spread*
474
480
-6
bps
10Y Bond Yield
6.90%
6.84%
6
bps
10Y Spread*
475
463
12
bps
Price
Yield
Yield Change (in bps)
Mar. 2017
104.38
5.46%
-1
Oct. 2017
99
5.57%
0
Jun. 2018
99
5.58%
0
Nov. 2018
98.75
5.61%
0
Apr. 2019
98.5
5.99%
0
May. 2019
99.5
6.16%
-12
Nov.2019
97.5
6.17%
-15
Mar. 2020
100.25
6.30%
-3
Apr. 2020
98
6.33%
-3
Apr. 2021
107.25
6.65%
-3
Oct. 2022
97.5
6.63%
-7
Jan. 2023
96.5
6.67%
-5
Nov. 2024
97.5
6.66%
-4
Dec. 2024
102
6.74%
-4
Feb. 2025
96
6.81%
-2
Jun. 2025
96
6.85%
-2
Nov. 2026
97.25
6.98%
-2
Nov. 2027
97.63
7.05%
0
Nov. 2028
96.38
7.08%
0
Feb. 2030
95.25
7.19%
0
Nov. 2035
97.75
7.29%
-2
