Positive Performance on the Lebanese Eurobonds Market
On the Lebanese Eurobonds market, demand for Lebanese Eurobonds progressed causing the BLOM Bond Index (BBI) to tick up by 0.04% to 107.15 points. The yields on the 5Y and 10Y Lebanese Eurobonds regressed by 3 basis points (bps) and 1 bp at 5.35% and 6.21%, respectively. Meanwhile, demand for medium term US notes fell illustrated by the 6 bps increase to 1.58% on the yield of the mentioned maturity. Consequently, the spread between Lebanese Eurobonds and their US counterpart narrowed by 9 bps to 377 bps. The Lebanese 5Y Credit Default Swaps (CDS) widened to 358-383 bps compared to their previous quote of 357-382 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 107.148 | 107.102 | 0.04% | -0.30% | |
| Weighted Yield | 5.48% | 5.48% | 0 | bps | |
| Duration (Years) | 5.05 | 5.06 | |||
| 5Y Bond Yield | 5.35% | 5.38% | -3 | bps | |
| 5Y Spread* | 377 | 386 | -9 | bps | |
| 10Y Bond Yield | 6.21% | 6.22% | -1 | bps | |
| 10Y Spread* | 402 | 408 | -6 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Daily Yield Change (in bps) | |
| Nov. 2016 | 100.87 | 4.01% | 1 |
| Mar. 2017 | 107.23 | 4.28% | 2 |
| Oct. 2017 | 101.11 | 4.45% | 0 |
| Jun. 2018 | 101.43 | 4.60% | 0 |
| Nov. 2018 | 100.88 | 4.85% | 0 |
| Apr. 2019 | 101.25 | 5.12% | 0 |
| Mar. 2020 | 104 | 5.38% | 0 |
| Apr. 2020 | 101.5 | 5.43% | 0 |
| Apr. 2021 | 113 | 5.54% | 0 |
| Oct. 2022 | 101.75 | 5.80% | 0 |
| Jan. 2023 | 101.13 | 5.81% | -4 |
| Dec. 2024 | 106.75 | 6.04% | 0 |
| Feb. 2025 | 101 | 6.06% | -2 |
| Nov. 2026 | 102.88 | 6.24% | -2 |
| Nov. 2027 | 103.88 | 6.29% | -2 |
| Feb. 2030 | 102.13 | 6.42% | -1 |
