Lebanese Eurobonds Kick Start the Week on a Quiet Note
On the Lebanese Eurobonds market, The BLOM Bond Index (BBI) shed 0.013% to 107.115 points on Monday as the yield on the 5 Year Lebanese Eurobonds rose by one basis point (bp) to 5.35%. Accordingly, the spread between the yield on the 5Y Lebanese Eurobonds and its US counterpart narrowed from 375 bps to 373 bps. As for the yield on the 10 Year Lebanese Eurobonds, it declined from 6.23% to 6.22%. The Lebanese 5Y Credit Default Swaps (CDS) were little changed at 350-375 bps compared to their previous quote of 347-375 bps.
| Last | Previous | Change | Y-t-D %Change | ||
| BBI | 107.115 | 107.129 | -0.013% | -0.33% | |
| Weighted Yield | 5.48% | 5.47% | -1 | bps | |
| Duration (Years) | 5.06 | 5.07 | |||
| 5Y Bond Yield | 5.35% | 5.34% | 1 | bps | |
| 5Y Spread* | 373 | 375 | -2 | bps | |
| 10Y Bond Yield | 6.22% | 6.23% | -1 | bps | |
| 10Y Spread* | 398 | 405 | -7 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | |
| Nov. 2016 | 100.88 | 4.00% |
| Mar. 2017 | 107.29 | 4.26% |
| Oct. 2017 | 101.12 | 4.45% |
| Jun. 2018 | 101.44 | 4.60% |
| Nov. 2018 | 101.18 | 4.75% |
| Apr. 2019 | 101.25 | 5.12% |
| Mar. 2020 | 104 | 5.38% |
| Apr. 2020 | 101.5 | 5.43% |
| Apr. 2021 | 113 | 5.54% |
| Oct. 2022 | 101.75 | 5.80% |
| Jan. 2023 | 101 | 5.83% |
| Dec. 2024 | 106.88 | 6.02% |
| Feb. 2025 | 100.88 | 6.08% |
| Nov. 2026 | 102.75 | 6.26% |
| Nov. 2027 | 103.75 | 6.31% |
| Feb. 2030 | 102 | 6.44% |
