Weak Performance Marked the Lebanese Eurobonds Market on Friday
Demand for Lebanese Eurobonds saw a decline on Friday, as shown by the BLOM Bond Index (BBI) that lost 0.29% to 102.43 points. The yield on the 5Y Lebanese Eurobonds lost 2 basis points (bps) to 6.48%, while that of 10Y added 1 bp to 6.88%. in the US, demand for medium term maturities increased at the same pace as their Lebanese counterpart, leaving the 5Y yield spread between the Lebanese Eurobonds and their US comparable unchanged at 484 bps. As for the 5Y Credit Default Swaps, they narrowed slightly from 408-428 bps to 407-427 bps.
*Between Lebanese and U.S notes
Last
Previous
Change
Y-t-D Change
BBI
102.427
102.724
-0.289%
-4.69%
Weighted Yield
6.45%
6.37%
8
bps
Duration (Years)
5.11
5.11
5Y Bond Yield
6.48%
6.50%
-2
bps
5Y Spread*
484
484
–
10Y Bond Yield
6.88%
6.87%
1
bps
10Y Spread*
466
464
2
bps
Price
Yield
Yield Change (in bps)
Nov. 2016
100
4.75%
0
Mar. 2017
104.5
5.40%
38
Oct. 2017
99.25
5.42%
7
Jun. 2018
99
5.58%
0
Nov. 2018
99
5.52%
0
Apr. 2019
98
6.16%
17
May. 2019
99
6.32%
32
Nov.2019
97
6.31%
15
Mar. 2020
100
6.37%
0
Apr. 2020
97.75
6.39%
7
Apr. 2021
107
6.68%
11
Oct. 2022
97
6.65%
5
Jan. 2023
96.25
6.66%
5
Nov. 2024
97
6.70%
8
Dec. 2024
101.5
6.77%
7
Feb. 2025
95.75
6.83%
4
Jun. 2025
95.75
6.86%
4
Nov. 2026
96.5
7.06%
13
Nov. 2027
97.25
7.09%
3
Nov. 2028
96
7.13%
6
Feb. 2030
95
7.22%
-6
Nov. 2035
97.5
7.29%
-5
