Improved Demand for Lebanese Eurobonds
Demand for Lebanese Eurobonds improved on the last day of the month, as the BLOM Bond Index (BBI) increased by 0.12% to 107.21 points. The yields on the 5Y and 10Y Lebanese Eurobonds went down by 1 basis point (bp) and 2 bps to 5.33% and 6.19%, respectively. The spread between the yield on the 5Y Lebanese Eurobonds and its US comparable broadened by 7 bps to 379 noting that demand for medium-term US notes progressed at a faster pace than that for the Lebanese 5Y Eurobonds. Meanwhile, the Lebanese 5Y Credit Default Swaps (CDS) stabilized at their previous range of 353-381 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 107.21 | 107.08 | 0.12% | -0.24% | |
| Weighted Yield | 5.46% | 5.49% | -3 | bps | |
| Duration (Years) | 5.09 | 5.09 | |||
| 5Y Bond Yield | 5.33% | 5.34% | -1 | bps | |
| 5Y Spread* | 379 | 372 | 7 | bps | |
| 10Y Bond Yield | 6.19% | 6.21% | -2 | bps | |
| 10Y Spread* | 399 | 393 | 6 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.82 | 4.07% | -6 |
| Mar. 2017 | 107.4 | 4.26% | -1 |
| Oct. 2017 | 101 | 4.51% | -10 |
| Jun. 2018 | 101.45 | 4.60% | 0 |
| Nov. 2018 | 101 | 4.81% | -4 |
| Apr. 2019 | 101.5 | 5.05% | 7 |
| Mar. 2020 | 104.25 | 5.32% | -3 |
| Apr. 2020 | 101.75 | 5.37% | -3 |
| Apr. 2021 | 113.13 | 5.53% | -3 |
| Oct. 2022 | 102 | 5.75% | -2 |
| Jan. 2023 | 101 | 5.83% | 0 |
| Dec. 2024 | 106.88 | 6.02% | -2 |
| Feb. 2025 | 101 | 6.06% | -2 |
| Nov. 2026 | 102.63 | 6.27% | -2 |
| Nov. 2027 | 103.63 | 6.32% | -2 |
| Feb. 2030 | 102 | 6.44% | -5 |
