Lebanese Eurobonds Witnessed Mixed Demand on Thursday
Despite a mixture in demand for Lebanese Eurobonds yesterday the BLOM Bond Index (BBI) dropped slightly by 0.01% to 104.94 points. Yields on the 5Y and 10Y Lebanese Eurobonds increased by 3 basis points (bps) and 1 bp to 5.98% and 6.48%, respectively. In the US, demand for medium term maturities weakened causing the 5Y spread between the Lebanese Eurobonds and their U.S counterpart to narrow by 3 bps to 445 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from their previous quotes of 392-417 bps to 398-420 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 104.927 | 104.939 | -0.011% | -2.37% | |
| Weighted Yield | 5.91% | 5.91% | 0 | bps | |
| Duration (Years) | 4.90 | 4.90 | |||
| 5Y Bond Yield | 5.98% | 5.95% | 3 | bps | |
| 5Y Spread* | 445 | 448 | -3 | bps | |
| 10Y Bond Yield | 6.48% | 6.47% | 1 | bps | |
| 10Y Spread* | 429 | 437 | -8 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.39 | 4.35% | 0 |
| Mar. 2017 | 105.5 | 4.86% | -1 |
| Oct. 2017 | 99.75 | 5.13% | 0 |
| Jun. 2018 | 99.75 | 5.25% | 0 |
| Nov. 2018 | 99.5 | 5.33% | 0 |
| Apr. 2019 | 100 | 5.50% | 0 |
| May. 2019 | 101.25 | 5.61% | 0 |
| Nov.2019 | 99 | 5.73% | 0 |
| Mar. 2020 | 102 | 5.85% | 6 |
| Apr. 2020 | 99.75 | 5.86% | 6 |
| Apr. 2021 | 110 | 6.07% | 0 |
| Oct. 2022 | 99.75 | 6.14% | -2 |
| Jan. 2023 | 98.88 | 6.19% | -2 |
| Dec. 2024 | 104.5 | 6.34% | -2 |
| Feb. 2025 | 98.75 | 6.38% | -2 |
| Jun. 2025 | 98.75 | 6.42% | 0 |
| Nov. 2026 | 100.13 | 6.58% | 0 |
| Nov. 2027 | 100.88 | 6.64% | 3 |
| Feb. 2030 | 99 | 6.76% | -1 |
