BLOM Bond Index Extends Losses on Tuesday
The BLOM Bond Index (BBI) shed 0.13% to 102.46 points on Tuesday as lower demand was registered for medium and mostly long-term Lebanese Eurobonds. The yield on the Lebanese Eurobonds maturing in ten years rose by 3 basis points (bps) to 6.90%. As for the yield on the 5 Year Lebanese Eurobonds, it decreased by 2 bps to 6.51%. The 5Y yield spread between the Lebanese Eurobonds and their US comparable widened by 2 bps to 485 bps as did Lebanon’s 5Y Credit Default Swaps (CDS) from a range of 401-431 bps to a range of 403-433 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 102.459 | 102.592 | -0.130% | -4.66% | |
| Weighted Yield | 6.44% | 6.41% | 3 | bps | |
| Duration (Years) | 5.11 | 5.13 | |||
| 5Y Bond Yield | 6.51% | 6.53% | -2 | bps | |
| 5Y Spread* | 485 | 483 | 2 | bps | |
| 10Y Bond Yield | 6.90% | 6.87% | 3 | bps | |
| 10Y Spread* | 466 | 461 | 5 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100 | 4.75% | -25 |
| Mar. 2017 | 104.5 | 5.42% | 16 |
| Oct. 2017 | 99.13 | 5.49% | 7 |
| Jun. 2018 | 99 | 5.57% | 0 |
| Nov. 2018 | 98.75 | 5.61% | 0 |
| Apr. 2019 | 98.5 | 5.99% | 17 |
| May. 2019 | 99.25 | 6.24% | 24 |
| Nov.2019 | 97 | 6.31% | 15 |
| Mar. 2020 | 100 | 6.37% | 0 |
| Apr. 2020 | 97.75 | 6.39% | 0 |
| Apr. 2021 | 107.38 | 6.60% | -8 |
| Oct. 2022 | 97 | 6.65% | 0 |
| Jan. 2023 | 96.25 | 6.66% | -2 |
| Nov. 2024 | 97 | 6.70% | 0 |
| Dec. 2024 | 101.5 | 6.77% | 4 |
| Feb. 2025 | 95.75 | 6.83% | 4 |
| Jun. 2025 | 95.75 | 6.86% | 4 |
| Nov. 2026 | 97 | 7.00% | 3 |
| Nov. 2027 | 97.25 | 7.09% | 8 |
| Nov. 2028 | 96 | 7.13% | 6 |
| Feb. 2030 | 94.5 | 7.27% | 0 |
| Nov. 2035 | 97 | 7.34% | 2 |
