Disparate demand was witnessed on the Lebanese Eurobonds market on Thursday which caused the BLOM Bond Index (BBI) to remain relatively stable, as it marginally slipped by 0.01% to 102.66 points. Yields on the 5Y and 10Y Lebanese Eurobonds declined by 3 basis points (bps) each to 6.48% and 6.87%, respectively. As demand for medium term maturities in the U.S. improved at a slower pace than that of its Lebanese counterpart, the 5Y yield spread between both maturities narrowed by 2 bps to 480 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they widened from their previous quotes of 401-423 bps to 411- 433 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 102.660 | 102.674 | -0.014% | -4.48% | |
| Weighted Yield | 6.38% | 6.38% | 0 | bps | |
| Duration (Years) | 5.13 | 5.13 | |||
| 5Y Bond Yield | 6.48% | 6.51% | -3 | bps | |
| 5Y Spread* | 480 | 482 | -2 | bps | |
| 10Y Bond Yield | 6.87% | 6.90% | -3 | bps | |
| 10Y Spread* | 463 | 463 | 0 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100 | 4.75% | 0 |
| Mar. 2017 | 105 | 5.07% | -1 |
| Oct. 2017 | 99.38 | 5.34% | -7 |
| Jun. 2018 | 99 | 5.57% | 0 |
| Nov. 2018 | 98.75 | 5.61% | 0 |
| Apr. 2019 | 99 | 5.82% | 16 |
| May. 2019 | 100 | 6.00% | 0 |
| Nov.2019 | 97.5 | 6.16% | 0 |
| Mar. 2020 | 100.38 | 6.27% | -3 |
| Apr. 2020 | 98.13 | 6.29% | -3 |
| Apr. 2021 | 107.25 | 6.63% | -5 |
| Oct. 2022 | 97.13 | 6.62% | 2 |
| Jan. 2023 | 96.25 | 6.66% | 2 |
| Nov. 2024 | 97.25 | 6.66% | -4 |
| Dec. 2024 | 101.5 | 6.77% | 7 |
| Feb. 2025 | 95.75 | 6.82% | 0 |
| Jun. 2025 | 95.88 | 6.84% | -2 |
| Nov. 2026 | 97.25 | 6.96% | 0 |
| Nov. 2027 | 97.5 | 7.06% | 0 |
| Nov. 2028 | 96.25 | 7.10% | 0 |
| Feb. 2030 | 94.5 | 7.27% | 6 |
| Nov. 2035 | 97 | 7.34% | 0 |
