Shy Activity on the Lebanese Eurobonds Market
On the Lebanese Eurobonds market, activity was not apparent as the BLOM Bond Index (BBI) remained at 107.102 points. The yields on the 5Y and 10Y Lebanese Eurobonds steadied at 5.38% and 6.22%, respectively. Demand for medium term US notes slightly improved, which caused the spread between Lebanese Eurobonds and its US counterpart to broaden by 1 basis point (bp) to 386 bps. The Lebanese 5Y Credit Default Swaps (CDS) widened to 357-382 bps compared to their previous quote of 356-380 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 107.102 | 107.102 | 0% | -0.34% | |
| Weighted Yield | 5.48% | 5.48% | 0 | bps | |
| Duration (Years) | 5.06 | 5.06 | |||
| 5Y Bond Yield | 5.38% | 5.38% | 0 | bps | |
| 5Y Spread* | 386 | 385 | 1 | bps | |
| 10Y Bond Yield | 6.22% | 6.22% | 0 | bps | |
| 10Y Spread* | 408 | 407 | 1 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.88 | 4.00% | 0 |
| Mar. 2017 | 107.28 | 4.26% | -1 |
| Oct. 2017 | 101.12 | 4.45% | 0 |
| Jun. 2018 | 101.44 | 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 | 100.88 | 5.85% | 0 |
| Dec. 2024 | 106.75 | 6.04% | 0 |
| Feb. 2025 | 100.88 | 6.08% | 0 |
| Nov. 2026 | 102.75 | 6.26% | 0 |
| Nov. 2027 | 103.75 | 6.31% | 0 |
| Feb. 2030 | 102 | 6.44% | 0 |
