Demand for Long-Term Lebanese Eurobonds Fell on Tuesday
Demand for long term Lebanese Eurobonds weakened on Tuesday in parallel to the slight improvement in demand for short term ones. Accordingly, the BLOM Bond Index (BBI) down ticked by 0.08% to 107.12 points. The yield on the 10Y Lebanese Eurobonds went up by 3 basis points (bps) to 6.22% while that of the 5Y steadied at 5.33%. The spread between the yield on the 5Y Lebanese Eurobonds and its US comparable narrowed by 8 bps to 373 bps noting that demand for medium-term US notes regressed. Meanwhile, the Lebanese 5Y Credit Default Swaps (CDS) stabilized at a range of 353-381 bps for the 5th consecutive session.
| 0 | Last | Previous | Change | Y-t-D %Change | |
| BBI | 107.12 | 107.21 | -0.08% | -0.32% | |
| Weighted Yield | 5.47% | 5.46% | 0 | bps | |
| Duration (Years) | 5.08 | 5.08 | |||
| 5Y Bond Yield | 5.33% | 5.33% | 0 | bps | |
| 5Y Spread* | 373 | 381 | -8 | bps | |
| 10Y Bond Yield | 6.22% | 6.19% | 3 | bps | |
| 10Y Spread* | 399 | 403 | -4 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.89 | 4.00% | -6 |
| Mar. 2017 | 107.36 | 4.27% | 2 |
| Oct. 2017 | 101.13 | 4.45% | -6 |
| Jun. 2018 | 101.45 | 4.60% | 0 |
| Nov. 2018 | 101.19 | 4.75% | -6 |
| Apr. 2019 | 101.5 | 5.05% | 0 |
| Mar. 2020 | 104.13 | 5.35% | 3 |
| Apr. 2020 | 101.75 | 5.37% | 0 |
| Apr. 2021 | 113 | 5.55% | 2 |
| Oct. 2022 | 101.88 | 5.77% | 2 |
| Jan. 2023 | 101 | 5.83% | 0 |
| Dec. 2024 | 106.88 | 6.02% | 0 |
| Feb. 2025 | 100.88 | 6.08% | 2 |
| Nov. 2026 | 102.5 | 6.29% | 2 |
| Nov. 2027 | 103.5 | 6.34% | 1 |
| Feb. 2030 | 101.5 | 6.49% | 5 |
