Demand for Lebanese Eurobonds improved on Tuesday for the third consecutive session, which caused the BLOM Bond Index (BBI) to increase by 0.12% to 105.18 points, narrowing its year-to-date loss to 2.13%. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 2 basis points (bps) and 3 bps to 5.91% and 6.42%, respectively. In the US, demand for medium term maturities regressed, causing the 5Y spread between the Lebanese Eurobonds and their U.S comparable to tighten by 7 bps to 451 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly narrowed from their previous quotes of 394-417 bps to 387-410 bps.
Last | Previous | Change | Y-t-D Change | ||
BBI | 105.181 | 105.056 | 0.119% | -2.13% | |
Weighted Yield | 5.86% | 5.90% | -4 | bps | |
Duration (Years) | 4.94 | 4.94 | |||
5Y Bond Yield | 5.91% | 5.93% | -2 | bps | |
5Y Spread* | 451 | 458 | -7 | bps | |
10Y Bond Yield | 6.42% | 6.45% | -3 | bps | |
10Y Spread* | 434 | 441 | -7 | bps |
*Between Lebanese and U.S notes
Price | Yield | Yield Change (in bps) | |
Nov. 2016 | 100.4 | 4.35% | 0 |
Mar. 2017 | 105.75 | 4.75% | -19 |
Oct. 2017 | 100 | 5.00% | -13 |
Jun. 2018 | 100 | 5.15% | -10 |
Nov. 2018 | 99.75 | 5.24% | -9 |
Apr. 2019 | 100 | 5.50% | 0 |
May. 2019 | 101.5 | 5.53% | -4 |
Nov.2019 | 99.13 | 5.69% | 0 |
Mar. 2020 | 102.25 | 5.78% | 0 |
Apr. 2020 | 100 | 5.80% | 0 |
Apr. 2021 | 110.38 | 6.00% | -5 |
Oct. 2022 | 99.88 | 6.12% | -2 |
Jan. 2023 | 99 | 6.17% | 0 |
Dec. 2024 | 104.63 | 6.32% | -2 |
Feb. 2025 | 98.88 | 6.36% | 0 |
Jun. 2025 | 99 | 6.39% | -2 |
Nov. 2026 | 100.63 | 6.52% | -3 |
Nov. 2027 | 101.25 | 6.60% | -1 |
Feb. 2030 | 99.25 | 6.73% | 0 |