Weak Demand for Short Term Lebanese Eurobonds
On the Lebanese Eurobonds market, demand for Lebanese Eurobonds was quiet for the second day running, but a slight decrease in demand was noticed over the short term bonds. This demand resulted in a minor drop of 0.002% in the BLOM Bond Index (BBI) that reached 107.209 points on Tuesday. The yields on the 5Y and 10Y Lebanese Eurobonds steadied at 5.35% and 6.20%, respectively. Meanwhile, demand for medium term US notes was on the rise illustrated by the 2 bps fall to 1.60% on the yield of the 5Y notes. Consequently, the spread between Lebanese Eurobonds and their US counterpart broadened by 3 bps to 377 bps. The Lebanese 5Y Credit Default Swaps (CDS) remained at their previous quotes of 358-383 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 107.209 | 107.211 | -0.002% | -0.24% | |
| Weighted Yield | 5.46% | 5.46% | 0 | bps | |
| Duration (Years) | 5.04 | 5.04 | |||
| 5Y Bond Yield | 5.35% | 5.35% | 0 | bps | |
| 5Y Spread* | 375 | 377 | -2 | bps | |
| 10Y Bond Yield | 6.20% | 6.20% | 0 | bps | |
| 10Y Spread* | 400 | 404 | -4 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.87 | 4.01% | 1 |
| Mar. 2017 | 107.21 | 4.27% | 1 |
| Oct. 2017 | 101.11 | 4.45% | 0 |
| Jun. 2018 | 101.43 | 4.60% | 0 |
| Nov. 2018 | 101.17 | 4.75% | 0 |
| Apr. 2019 | 101.38 | 5.08% | 0 |
| Mar. 2020 | 104 | 5.37% | 0 |
| Apr. 2020 | 101.63 | 5.40% | 0 |
| Apr. 2021 | 113 | 5.54% | 0 |
| Oct. 2022 | 101.88 | 5.77% | 0 |
| Jan. 2023 | 101 | 5.83% | 0 |
| Dec. 2024 | 107 | 6.00% | 0 |
| Feb. 2025 | 101.13 | 6.04% | 0 |
| Nov. 2026 | 103 | 6.22% | 0 |
| Nov. 2027 | 104 | 6.28% | 0 |
| Feb. 2030 | 102.25 | 6.41% | 0 |
