Slow Activity on the Lebanese Eurobonds Market This Monday
Demand for Lebanese Eurobonds was frail on Monday as illustrated by the BLOM Bond Index (BBI), which ticked up by a marginal 0.004% to 104.86 points, recording a year-to-date loss of 2.43%. Yield on the 10Y Lebanese Eurobonds remained at 6.48% for the 3rd consecutive session, while that of the 5Y declined by 1 basis point (bp) to 5.97%. As demand for medium-term US notes regressed on Monday, the spread between the 5Y Lebanese notes and their U.S. counterpart narrowed by 7 basis points (bps) to 462 bps. As for the Lebanese 5Y Credit Default Swaps (CDS), they broadened from the previous quote 397-419 bps to 398-423 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 104.858 | 104.854 | 0.004% | -2.43% | |
| Weighted Yield | 5.95% | 5.96% | -1 | bps | |
| Duration (Years) | 5.94 | 5.94 | |||
| 5Y Bond Yield | 5.97% | 5.98% | -1 | bps | |
| 5Y Spread* | 462 | 469 | -7 | bps | |
| 10Y Bond Yield | 6.48% | 6.48% | 0 | bps | |
| 10Y Spread* | 441 | 449 | -8 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.25 | 4.51% | 0 |
| Mar. 2017 | 105.5 | 5.04% | -2 |
| Oct. 2017 | 99.5 | 5.26% | 0 |
| Jun. 2018 | 99.5 | 5.35% | 0 |
| Nov. 2018 | 99.25 | 5.41% | 0 |
| Apr. 2019 | 100.318 | 5.40% | 0 |
| May. 2019 | 101 | 5.69% | 0 |
| Nov.2019 | 98.75 | 5.79% | 0 |
| Mar. 2020 | 102 | 5.85% | 0 |
| Apr. 2020 | 100 | 5.80% | 0 |
| Apr. 2021 | 110 | 6.09% | 0 |
| Oct. 2022 | 99.75 | 6.14% | 0 |
| Jan. 2023 | 99 | 6.17% | 0 |
| Dec. 2024 | 104.25 | 6.38% | 0 |
| Feb. 2025 | 98.5 | 6.41% | 0 |
| Jun. 2025 | 98.5 | 6.46% | 0 |
| Nov. 2026 | 100 | 6.60% | 0 |
| Nov. 2027 | 101 | 6.63% | 0 |
| Feb. 2030 | 99 | 6.76% | 0 |
