Medium and Long-term Lebanese Eurobonds Started the Week with an Improvement
Demand for Lebanese Eurobonds improved at the start of the week, with the BLOM Bond Index (BBI) adding 0.13% to 102.56 points. Yields on the 5Y and 10Y Lebanese Eurobonds lost 3 basis points (bps) and 4 bps to 6.45% and 6.84%, respectively. In the US, demand for medium term maturities decreased, narrowing the 5Y yield spread between the Lebanese Eurobonds and their US comparable by 4 bps to 480 bps. As for the 5Y Credit Default Swaps, they broadened slightly to 408-428 bps from a previous quote of 407-427 bps.
*Between Lebanese and U.S notes
Last
Previous
Change
Y-t-D Change
BBI
102.558
102.427
0.128%
-4.57%
Weighted Yield
6.44%
6.45%
-1
bps
Duration (Years)
5.14
5.11
5Y Bond Yield
6.45%
6.48%
-3
bps
5Y Spread*
480
484
-4
bps
10Y Bond Yield
6.84%
6.88%
-4
bps
10Y Spread*
463
466
-3
bps
Price
Yield
Yield Change (in bps)
Nov. 2016
100
4.75%
0
Mar. 2017
104.38
5.47%
7
Oct. 2017
99
5.57%
15
Jun. 2018
99
5.58%
0
Nov. 2018
98.75
5.61%
9
Apr. 2019
98.5
5.99%
-17
May. 2019
99.13
6.28%
-4
Nov.2019
97
6.31%
0
Mar. 2020
100.13
6.34%
-4
Apr. 2020
97.88
6.36%
-3
Apr. 2021
107.13
6.65%
-3
Oct. 2022
97.13
6.63%
-2
Jan. 2023
96.25
6.67%
0
Nov. 2024
97.25
6.66%
-4
Dec. 2024
101.75
6.74%
-4
Feb. 2025
95.88
6.81%
-2
Jun. 2025
95.88
6.85%
-2
Nov. 2026
97.13
6.98%
-8
Nov. 2027
97.63
7.05%
-5
Nov. 2028
96.38
7.08%
-5
Feb. 2030
95.25
7.19%
-3
Nov. 2035
97.5
7.29%
0
