Following Tuesday’s poor demand for Lebanese Eurobonds, appetite for Lebanese sovereign debt dominated in foreign currency slightly recovered yesterday. Accordingly, the BLOM Bond Index (BBI) increased by 0.04% to 105.38 points, narrowing its year-to-date loss to 1.95%. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 4 basis points (bps) and 3 bps to 5.84% and 6.37%, respectively. As demand for medium-term US notes stagnated on Wednesday, the spread between the 5Y Lebanese notes and their U.S. counterpart narrowed by 4 basis points (bps) to 447 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they remained at their previous quotes of 403-426 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 105.375 | 105.331 | 0.04% | -1.95% | |
| Weighted Yield | 5.81% | 5.82% | -1 | bps | |
| Duration (Years) | 4.95 | 4.95 | |||
| 5Y Bond Yield | 5.84% | 5.88% | -4 | bps | |
| 5Y Spread* | 447 | 451 | -4 | bps | |
| 10Y Bond Yield | 6.37% | 6.40% | -3 | bps | |
| 10Y Spread* | 431 | 435 | -4 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.57 | 4.21% | 0 |
| Mar. 2017 | 106 | 4.73% | -1 |
| Oct. 2017 | 100 | 5.00% | 0 |
| Jun. 2018 | 100 | 5.15% | 0 |
| Nov. 2018 | 100.13 | 5.10% | -5 |
| Apr. 2019 | 100.25 | 5.42% | 8 |
| May. 2019 | 101.75 | 5.46% | 0 |
| Nov.2019 | 99.75 | 5.52% | -7 |
| Mar. 2020 | 102.5 | 5.73% | 6 |
| Apr. 2020 | 100.13 | 5.77% | 3 |
| Apr. 2021 | 110.75 | 5.94% | -5 |
| Oct. 2022 | 100 | 6.10% | 0 |
| Jan. 2023 | 99.25 | 6.13% | 0 |
| Dec. 2024 | 105 | 6.27% | -4 |
| Feb. 2025 | 99.38 | 6.29% | -4 |
| Jun. 2025 | 99.38 | 6.33% | -4 |
| Nov. 2026 | 100.25 | 6.57% | 2 |
| Nov. 2027 | 101 | 6.63% | 3 |
| Feb. 2030 | 99.25 | 6.73% | -1 |
