Even though demand was mixed, Lebanese Eurobonds saw improving activity on Wednesday, partially stirred by the demonstrations that occurred in the Downtown area. Medium-term notes showed an improvement yesterday that was offset by a loss in appetite for long-term maturities. Accordingly, the BLOM Bond Index (BBI) declined by 0.06% to 105.69 points, broadening its year-to-date loss to 1.66%. Yield on the 10Y Lebanese Eurobonds increased by 4 basis points (bps) to 6.35% while that of the 5Y fell by 1 bp to 5.84%. As demand for medium-term US notes weakened, the 5Y spread between both notes tightened by 2 bps to 422 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from their pervious quotes of 373-401 bps to 375-405 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 105.690 | 105.755 | -0.061% | -1.66% | |
| Weighted Yield | 5.75% | 5.74% | 1 | bps | |
| Duration (Years) | 4.98 | 4.99 | |||
| 5Y Bond Yield | 5.84% | 5.85% | -1 | bps | |
| 5Y Spread* | 422 | 424 | -2 | bps | |
| 10Y Bond Yield | 6.35% | 6.31% | 4 | bps | |
| 10Y Spread* | 405 | 403 | 2 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.59 | 4.20% | 0 |
| Mar. 2017 | 106.25 | 4.67% | -1 |
| Oct. 2017 | 100.38 | 4.80% | 0 |
| Jun. 2018 | 100.38 | 5.00% | 5 |
| Nov. 2018 | 100 | 5.15% | 9 |
| Apr. 2019 | 100.75 | 5.27% | 0 |
| May. 2019 | 102.25 | 5.32% | 0 |
| Nov.2019 | 99.88 | 5.48% | 3 |
| Mar. 2020 | 103 | 5.61% | 0 |
| Apr. 2020 | 100.63 | 5.64% | -3 |
| Apr. 2021 | 110.88 | 5.93% | -3 |
| Oct. 2022 | 100.38 | 6.03% | 6 |
| Jan. 2023 | 99.5 | 6.08% | 6 |
| Dec. 2024 | 105.13 | 6.26% | 7 |
| Feb. 2025 | 99.38 | 6.29% | 5 |
| Jun. 2025 | 99.38 | 6.33% | 5 |
| Nov. 2026 | 100.85 | 6.49% | -1 |
| Nov. 2027 | 101.63 | 6.55% | -2 |
| Feb. 2030 | 99.88 | 6.66% | -1 |
