Demand on the Lebanese Eurobonds market weakened on Monday, illustrated by an upward shift of the yield curve. This caused the BLOM Bond Index (BBI) to drop by 0.18% to 104.39 points, broadening its year-to-date loss to 2.86%. Yields on the 5Y and 10Y Lebanese Eurobonds went up by 6 basis points (bps) and 3 bps to 6.08% and 6.57%, respectively. Demand for medium term maturities in the U.S. fell but at a slower pace than that of its Lebanese counterpart, leading the 5Y spread between both notes to broaden by 4 bps to 433 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they steadied at their previous quotes of 391-416 bps.
Last | Previous | Change | Y-t-D Change | ||
BBI | 104.392 | 104.584 | -0.184% | -2.86% | |
Weighted Yield | 6.03% | 5.98% | 5 | bps | |
Duration (Years) | 4.87 | 4.88 | |||
5Y Bond Yield | 6.08% | 6.02% | 6 | bps | |
5Y Spread* | 433 | 429 | 4 | bps | |
10Y Bond Yield | 6.57% | 6.54% | 3 | bps | |
10Y Spread* | 421 | 420 | 1 | bps |
*Between Lebanese and U.S notes
Price | Yield | Yield Change (in bps) | |
Nov. 2016 | 100 | 4.75% | 25 |
Mar. 2017 | 105.13 | 5.05% | 7 |
Oct. 2017 | 99.75 | 5.14% | 0 |
Jun. 2018 | 99.5 | 5.36% | 11 |
Nov. 2018 | 99.25 | 5.42% | 9 |
Apr. 2019 | 99.75 | 5.58% | 8 |
May. 2019 | 101 | 5.68% | 0 |
Nov.2019 | 98.5 | 5.87% | 7 |
Mar. 2020 | 101.75 | 5.91% | 6 |
Apr. 2020 | 99.5 | 5.93% | 7 |
Apr. 2021 | 109.25 | 6.21% | 5 |
Oct. 2022 | 99 | 6.28% | 5 |
Jan. 2023 | 98.25 | 6.30% | 2 |
Dec. 2024 | 103.88 | 6.43% | 0 |
Feb. 2025 | 98.13 | 6.47% | 0 |
Jun. 2025 | 98.13 | 6.51% | 0 |
Nov. 2026 | 99.5 | 6.66% | 3 |
Nov. 2027 | 100.25 | 6.72% | 3 |
Feb. 2030 | 98 | 6.87% | 1 |