Short-Term Lebanese Eurobonds Continue to Show Progress on Thursday
As demand for short term Lebanese Eurobonds continued to show improvement on Thursday, the BLOM Bond Index (BBI) marginally increased by 0.01% to 105.72 points, narrowing its year-to-date loss to 1.63%. Yield on the 10Y Lebanese Eurobonds steadied at 6.44% while that of the 5Y dropped by 1 (basis point) bp to 5.63%. In contrast, demand for medium-term US notes declined which caused the 5Y spread between Lebanese Eurobonds and their US counterpart to narrow by 3 bps to 408 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly widened from their pervious quotes of 385-410 bps to 386-411 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 105.716 | 105.704 | 0.011% | -1.63% | |
| Weighted Yield | 5.75% | 5.76% | -1 | bps | |
| Duration (Years) | 5.00 | 5.00 | |||
| 5Y Bond Yield | 5.63% | 5.64% | -1 | bps | |
| 5Y Spread* | 408 | 411 | -3 | bps | |
| 10Y Bond Yield | 6.44% | 6.44% | 0 | bps | |
| 10Y Spread* | 421 | 423 | -2 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.6 | 4.20% | -5 |
| Mar. 2017 | 106.15 | 4.78% | 6 |
| Oct. 2017 | 100.38 | 4.80% | -5 |
| Jun. 2018 | 100.5 | 4.95% | -5 |
| Nov. 2018 | 100.25 | 5.06% | -9 |
| Apr. 2019 | 100.75 | 5.27% | -4 |
| Mar. 2020 | 102.75 | 5.67% | 6 |
| Apr. 2020 | 100.25 | 5.74% | 9 |
| Apr. 2021 | 110.75 | 5.96% | 0 |
| Oct. 2022 | 100.7 | 5.98% | 1 |
| Jan. 2023 | 99.85 | 6.02% | 1 |
| Dec. 2024 | 105.6 | 6.19% | -1 |
| Feb. 2025 | 99.75 | 6.23% | -2 |
| Nov. 2026 | 100.75 | 6.50% | -1 |
| Nov. 2027 | 101.5 | 6.57% | 0 |
| Feb. 2030 | 99.75 | 6.68% | 0 |
