As demand for short term Lebanese Eurobonds continued to show improvement on Thursday, the BLOM Bond Index (BBI) marginally increased by 0.01% to 105.72 points, narrowing its year-to-date loss to 1.63%. Yield on the 10Y Lebanese Eurobonds steadied at 6.44% while that of the 5Y dropped by 1 (basis point) bp to 5.63%. In contrast, demand for medium-term US notes declined which caused the 5Y spread between Lebanese Eurobonds and their US counterpart to narrow by 3 bps to 408 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly widened from their pervious quotes of 385-410 bps to 386-411 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 105.716 | 105.704 | 0.011% | -1.63% | |
| Weighted Yield | 5.75% | 5.76% | -1 | bps | |
| Duration (Years) | 5.00 | 5.00 | |||
| 5Y Bond Yield | 5.63% | 5.64% | -1 | bps | |
| 5Y Spread* | 408 | 411 | -3 | bps | |
| 10Y Bond Yield | 6.44% | 6.44% | 0 | bps | |
| 10Y Spread* | 421 | 423 | -2 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.6 | 4.20% | -5 |
| Mar. 2017 | 106.15 | 4.78% | 6 |
| Oct. 2017 | 100.38 | 4.80% | -5 |
| Jun. 2018 | 100.5 | 4.95% | -5 |
| Nov. 2018 | 100.25 | 5.06% | -9 |
| Apr. 2019 | 100.75 | 5.27% | -4 |
| Mar. 2020 | 102.75 | 5.67% | 6 |
| Apr. 2020 | 100.25 | 5.74% | 9 |
| Apr. 2021 | 110.75 | 5.96% | 0 |
| Oct. 2022 | 100.7 | 5.98% | 1 |
| Jan. 2023 | 99.85 | 6.02% | 1 |
| Dec. 2024 | 105.6 | 6.19% | -1 |
| Feb. 2025 | 99.75 | 6.23% | -2 |
| Nov. 2026 | 100.75 | 6.50% | -1 |
| Nov. 2027 | 101.5 | 6.57% | 0 |
| Feb. 2030 | 99.75 | 6.68% | 0 |
