Slow Activity on the Lebanese Eurobonds Market on Wednesday
Demand for Lebanese Eurobonds was relatively shy yesterday causing the BLOM Bond Index (BBI) to marginally fall by 0.03% to 104.94 points. Yields on the 5Y and 10Y Lebanese Eurobonds steadied at Tuesday’s levels of 5.95% and 6.47%, respectively. In the US, demand for medium term maturities regressed causing the 5Y spread between the Lebanese Eurobonds and their U.S counterpart to narrow by 9 basis points (bps) to 448 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they slightly narrowed from their previous quotes of 395-418 bps to 392-417 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 104.939 | 104.972 | -0.031% | -2.36% | |
| Weighted Yield | 5.91% | 5.91% | 0 | bps | |
| Duration (Years) | 4.90 | 4.91 | |||
| 5Y Bond Yield | 5.95% | 5.95% | 0 | bps | |
| 5Y Spread* | 448 | 457 | -9 | bps | |
| 10Y Bond Yield | 6.47% | 6.47% | 0 | bps | |
| 10Y Spread* | 437 | 442 | -5 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.39 | 4.35% | 0 |
| Mar. 2017 | 105.5 | 4.87% | -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 | 100 | 5.80% | 0 |
| Apr. 2021 | 110 | 6.07% | 0 |
| Oct. 2022 | 99.63 | 6.17% | 2 |
| Jan. 2023 | 98.75 | 6.21% | 2 |
| Dec. 2024 | 104.35 | 6.36% | 2 |
| Feb. 2025 | 98.63 | 6.40% | 2 |
| Jun. 2025 | 98.75 | 6.42% | 0 |
| Nov. 2026 | 100.13 | 6.58% | 0 |
| Nov. 2027 | 101.13 | 6.61% | 0 |
| Feb. 2030 | 98.88 | 6.77% | 1 |
