Mixed Demand for Lebanese Eurobonds on Friday
The BLOM Bond Index (BBI) went down on Friday by 0.02%, to 105.69 points. This drop took place despite the improvement of demand for short-term Lebanese Eurobonds which was offset by the fall in demand for medium and long term maturities. The Yields on the 5Y and 10Y Lebanese Eurobonds added 1 basis point (bp) and 2 bps to 5.64% and 6.41%, respectively. On the other hand, higher demand for medium-term US notes broadened the 5Y spread between Lebanese Eurobonds and their US counterpart by 3 bps to 417 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from 383-408 bps to 388-413 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 105.690 | 105.708 | -0.02% | -1.66% | |
| Weighted Yield | 5.77% | 5.77% | 0 | bps | |
| Duration (Years) | 5.01 | 5.01 | |||
| 5Y Bond Yield | 5.64% | 5.63% | 1 | bps | |
| 5Y Spread* | 417 | 414 | 3 | bps | |
| 10Y Bond Yield | 6.41% | 6.39% | 2 | bps | |
| 10Y Spread* | 428 | 421 | 7 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.38 | 4.41% | 0 |
| Mar. 2017 | 106.12 | 4.84% | -8 |
| Oct. 2017 | 100.19 | 4.90% | -3 |
| Jun. 2018 | 100.11 | 5.10% | 1 |
| Nov. 2018 | 100 | 5.15% | 0 |
| Apr. 2019 | 100.75 | 5.27% | 0 |
| Mar. 2020 | 103 | 5.61% | 0 |
| Apr. 2020 | 100.5 | 5.67% | 3 |
| Apr. 2021 | 110.75 | 5.96% | 3 |
| Oct. 2022 | 100.65 | 5.98% | -1 |
| Jan. 2023 | 99.85 | 6.02% | -2 |
| Dec. 2024 | 105.5 | 6.21% | 2 |
| Feb. 2025 | 99.88 | 6.22% | 0 |
| Nov. 2026 | 100.63 | 6.52% | 0 |
| Nov. 2027 | 101.5 | 6.57% | 0 |
| Feb. 2030 | 99.75 | 6.68% | 0 |
