Lebanese Eurobonds Tumbled on Thursday to their Lowest Level since 2014
Fading demand for short-term Lebanese Eurobonds slightly pushed the BLOM Bond Index (BBI) down by 0.03% on Thursday, to 105.71 points. The yield on the 5Y Lebanese Eurobonds added 1 basis point (bp) to 5.63%, while that of the 10Y dropped 6 basis points (bps) to 6.39%. On the other hand, higher demand for medium-term US notes broadened the 5Y spread between Lebanese Eurobonds and their US counterpart by 4 bps to 414 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from 378-403 bps to 383-408 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 105.708 | 105.743 | -0.03% | -1.64% | |
| Weighted Yield | 5.77% | 5.74% | 3 | bps | |
| Duration (Years) | 5.01 | 5.02 | |||
| 5Y Bond Yield | 5.63% | 5.62% | 1 | bps | |
| 5Y Spread* | 414 | 410 | 4 | bps | |
| 10Y Bond Yield | 6.39% | 6.45% | -6 | bps | |
| 10Y Spread* | 421 | 425 | -4 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.38 | 4.41% | 20 |
| Mar. 2017 | 106 | 4.92% | 30 |
| Oct. 2017 | 100.13 | 4.93% | 33 |
| Jun. 2018 | 100.13 | 5.10% | 24 |
| Nov. 2018 | 100 | 5.15% | 7 |
| Apr. 2019 | 100.75 | 5.27% | -1 |
| Mar. 2020 | 103 | 5.61% | -10 |
| Apr. 2020 | 100.63 | 5.64% | 3 |
| Apr. 2021 | 110.88 | 5.94% | -5 |
| Oct. 2022 | 100.6 | 5.99% | -6 |
| Jan. 2023 | 99.75 | 6.04% | 1 |
| Dec. 2024 | 105.63 | 6.19% | 2 |
| Feb. 2025 | 99.88 | 6.22% | -1 |
| Nov. 2026 | 100.63 | 6.52% | -4 |
| Nov. 2027 | 101.5 | 6.57% | 0 |
| Feb. 2030 | 99.75 | 6.68% | 3 |
