Demand stagnated for Lebanese Eurobonds on Monday as shown by the BLOM Bond Index (BBI) that steadied at 105.56 points, and recorded a year-to-date loss of 1.78%. Yields on the 5Y and 10Y Lebanese Eurobonds remained at 5.82% and 6.37%, respectively. As demand for medium-term US notes improved on Monday, the spread between the 5Y Lebanese notes and their U.S. counterpart widened by 5 basis points (bps) to 440 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they maintained their previous quotes of 403-428 bps.
Last | Previous | Change | Y-t-D Change | ||
BBI | 105.561 | 105.561 | 0.00% | -1.78% | |
Weighted Yield | 5.78% | 5.78% | 0 | bps | |
Duration (Years) | 4.95 | 4.97 | |||
5Y Bond Yield | 5.82% | 5.82% | 0 | bps | |
5Y Spread* | 440 | 435 | 5 | bps | |
10Y Bond Yield | 6.37% | 6.37% | 0 | bps | |
10Y Spread* | 427 | 421 | 6 | bps |
*Between Lebanese and U.S notes
Price | Yield | Yield Change (in bps) | |
Nov. 2016 | 100.58 | 4.20% | -1 |
Mar. 2017 | 106 | 4.75% | -4 |
Oct. 2017 | 100.13 | 4.93% | 0 |
Jun. 2018 | 100 | 5.15% | 0 |
Nov. 2018 | 99.75 | 5.24% | 0 |
Apr. 2019 | 100.75 | 5.27% | 0 |
May. 2019 | 102.25 | 5.31% | 0 |
Nov.2019 | 99.75 | 5.52% | 0 |
Mar. 2020 | 103 | 5.60% | 0 |
Apr. 2020 | 100.63 | 5.64% | 0 |
Apr. 2021 | 110.88 | 5.92% | 0 |
Oct. 2022 | 100.38 | 6.03% | 0 |
Jan. 2023 | 99.5 | 6.08% | 0 |
Dec. 2024 | 105.25 | 6.24% | 0 |
Feb. 2025 | 99.38 | 6.29% | 0 |
Jun. 2025 | 99.38 | 6.33% | 0 |
Nov. 2026 | 100.5 | 6.53% | 0 |
Nov. 2027 | 101.38 | 6.58% | 0 |
Feb. 2030 | 99.5 | 6.70% | 0 |