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.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 105.719 | 105.676 | 0.04% | -1.63% | |
| Weighted Yield | 5.74% | 5.76% | 4 | bps | |
| Duration (Years) | 5.03 | 5.03 | |||
| 5Y Bond Yield | 5.60% | 5.64% | -4 | bps | |
| 5Y Spread* | 411 | 415 | -4 | bps | |
| 10Y Bond Yield | 6.46% | 6.47% | -1 | bps | |
| 10Y Spread* | 428 | 429 | -1 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.78 | 4.06% | -1 |
| Mar. 2017 | 106.38 | 4.72% | -1 |
| Oct. 2017 | 100.5 | 4.75% | -6 |
| Jun. 2018 | 100.88 | 4.81% | -5 |
| Nov. 2018 | 100.38 | 5.02% | 4 |
| Apr. 2019 | 100.5 | 5.35% | 0 |
| Mar. 2020 | 103 | 5.62% | -6 |
| Apr. 2020 | 100.75 | 5.61% | -6 |
| Apr. 2021 | 110.75 | 5.97% | 0 |
| Oct. 2022 | 100.75 | 5.97% | -6 |
| Jan. 2023 | 99.88 | 6.02% | -4 |
| Dec. 2024 | 105.63 | 6.19% | -2 |
| Feb. 2025 | 99.25 | 6.31% | 4 |
| Nov. 2026 | 100.5 | 6.53% | 0 |
| Nov. 2027 | 101.25 | 6.60% | 0 |
| Feb. 2030 | 99.5 | 6.70% | 5 |
