The volatility on the Lebanese Eurobonds market over the past week calmed down on Friday. The BLOM Bond Index (BBI) stagnated at 105.72 points, with a year-to-date loss of 1.63%. Yields on the 5Y and 10Y Lebanese Eurobonds steadied at 5.60% and 6.46%, respectively. On another note, with the drop in demand for U.S. medium term notes, the 5Y spread between Lebanese Eurobonds and their US counterpart narrowed by 3 bps to 408 bps. The Lebanese 5Y Credit Default Swaps (CDS) tightened from their previous quotes of 373-398 bps to 370-395 bps.
Last | Previous | Change | Y-t-D Change | ||
BBI | 105.719 | 105.719 | 0.00% | -1.63% | |
Weighted Yield | 5.74% | 5.74% | 4 | bps | |
Duration (Years) | 5.03 | 5.03 | |||
5Y Bond Yield | 5.60% | 5.60% | 0 | bps | |
5Y Spread* | 408 | 411 | -3 | bps | |
10Y Bond Yield | 6.46% | 6.46% | 0 | bps | |
10Y Spread* | 427 | 428 | -1 | bps |
*Between Lebanese and U.S notes
Price | Yield | Yield Change (in bps) | |
Nov. 2016 | 100.79 | 4.05% | -1 |
Mar. 2017 | 106.38 | 4.71% | -1 |
Oct. 2017 | 100.5 | 4.75% | 0 |
Jun. 2018 | 100.88 | 4.81% | 0 |
Nov. 2018 | 100.38 | 5.02% | 0 |
Apr. 2019 | 100.5 | 5.35% | 0 |
Mar. 2020 | 103 | 5.62% | 0 |
Apr. 2020 | 100.75 | 5.61% | 0 |
Apr. 2021 | 110.75 | 5.97% | 0 |
Oct. 2022 | 100.75 | 5.97% | 0 |
Jan. 2023 | 99.88 | 6.02% | 0 |
Dec. 2024 | 105.63 | 6.19% | 0 |
Feb. 2025 | 99.25 | 6.31% | 0 |
Nov. 2026 | 100.5 | 6.53% | 0 |
Nov. 2027 | 101.25 | 6.60% | 0 |
Feb. 2030 | 99.5 | 6.70% | 0 |