Demand Strengthened for Lebanese Eurobonds on Wednesday
Demand for Lebanese Eurobonds improved on Wednesday, causing the BLOM BOND INDEX (BBI) to tick up by 0.10% to 103.79 points. The yields on the 5Y and 10Y Lebanese Eurobonds went down from Tuesday’s level by 4 basis points (bps) and 2 bps to 6.16% and 6.71%, respectively. Demand for medium term US treasuries fell yesterday’s, narrowing the 5Y yield spread between Lebanese Eurobonds and their US comparable by 8 bps to 441 bps. The 5Y Credit Default Swaps remained at their previous quotes of 410-430 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 103.786 | 103.685 | 0.097% | -3.43% | |
| Weighted Yield | 6.20% | 6.22% | -2 | bps | |
| Duration (Years) | 5.22 | 5.22 | |||
| 5Y Bond Yield | 6.16% | 6.20% | -4 | bps | |
| 5Y Spread* | 441 | 449 | -8 | bps | |
| 10Y Bond Yield | 6.71% | 6.73% | -2 | bps | |
| 10Y Spread* | 441 | 445 | -4 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Mar. 2017 | 104.8 | 5.01% | -0.82 |
| Oct. 2017 | 99.75 | 5.14% | 0.02 |
| Jun. 2018 | 99.75 | 5.26% | 0.00 |
| Nov. 2018 | 99.50 | 5.34% | 0.01 |
| Apr. 2019 | 99 | 5.83% | 0.02 |
| May. 2019 | 100.5 | 5.84% | -0.02 |
| Nov.2019 | 98.38 | 5.91% | -3.75 |
| Mar. 2020 | 101.25 | 6.03% | -0.02 |
| Apr. 2020 | 99 | 6.06% | 0.01 |
| Apr. 2021 | 109.13 | 6.21% | -8.15 |
| Oct. 2022 | 98 | 6.47% | 0.01 |
| Jan. 2023 | 97.25 | 6.49% | -9.04 |
| Nov. 2024 | 98 | 6.55% | -3.80 |
| Dec. 2024 | 103 | 6.55% | -3.68 |
| Feb. 2025 | 97.25 | 6.60% | -3.73 |
| Jun. 2025 | 97.38 | 6.63% | -5.56 |
| Nov. 2026 | 98 | 6.86% | 3.32 |
| Nov. 2027 | 99 | 6.87% | 0.00 |
| Nov. 2028 | 97.88 | 6.90% | 0.00 |
| Feb. 2030 | 97 | 6.99% | -1.37 |
| Nov. 2035 | 99.38 | 7.11% | -1.24 |
