Quiet Session on the Lebanese Eurobonds Market Last Friday
Demand for Lebanese Eurobonds barely changed during the last session of the past week, which caused the BLOM Bond Index (BBI) to tick down by 0.02% to 105.03 points, broadening its year-to-date loss to 2.27%. Yields on the 5Y and 10Y Lebanese Eurobonds steadied at Thursday’s level of 5.96% and 6.45%, 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 7 basis points (bps) to 453 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly tightened from their previous quotes of 392-415 bps to 391-414 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 105.029 | 105.047 | -0.017% | -2.27% | |
| Weighted Yield | 5.90% | 5.90% | 0 | bps | |
| Duration (Years) | 4.92 | 4.92 | |||
| 5Y Bond Yield | 5.96% | 5.96% | 0 | bps | |
| 5Y Spread* | 453 | 460 | -7 | bps | |
| 10Y Bond Yield | 6.45% | 6.45% | 0 | bps | |
| 10Y Spread* | 436 | 441 | -5 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.39 | 4.36% | 0 |
| Mar. 2017 | 105.5 | 4.90% | -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 | 102.25 | 5.78% | 0 |
| Apr. 2020 | 99.75 | 5.86% | 0 |
| Apr. 2021 | 110.25 | 6.02% | 0 |
| Oct. 2022 | 99.75 | 6.14% | 0 |
| Jan. 2023 | 99 | 6.17% | 0 |
| Dec. 2024 | 104.5 | 6.34% | 0 |
| Feb. 2025 | 98.88 | 6.36% | 0 |
| Jun. 2025 | 98.88 | 6.41% | 0 |
| Nov. 2026 | 100.38 | 6.55% | 2 |
| Nov. 2027 | 101.13 | 6.61% | 0 |
| Feb. 2030 | 99.13 | 6.74% | 1 |
