Weakened Demand for Medium Term Lebanese Eurobonds
On the Lebanese Eurobonds market, The BLOM Bond Index (BBI) fell by 0.01% to 107.102 points on Tuesday as the demand for medium term Lebanese notes weakened. The yield on the 5 Year Lebanese Eurobonds rose by three basis points (bps) to 5.38%. Accordingly, the spread between the yield on the 5Y Lebanese Eurobonds and its US counterpart broadened from 373 bps to 385 bps. As for the yield on the 10 Year Lebanese Eurobonds, it steadied at 6.22%. The Lebanese 5Y Credit Default Swaps (CDS) widened to 356-380 bps compared to their previous quote of 350-375 bps.
| Last | Previous | Change | Y-t-D Change | ||
| BBI | 107.102 | 107.115 | -0.012% | -0.34% | |
| Weighted Yield | 5.48% | 5.48% | 0 | bps | |
| Duration (Years) | 5.06 | 5.06 | |||
| 5Y Bond Yield | 5.38% | 5.35% | 3 | bps | |
| 5Y Spread* | 385 | 373 | 12 | bps | |
| 10Y Bond Yield | 6.22% | 6.22% | 0 | bps | |
| 10Y Spread* | 407 | 398 | 9 | bps | |
*Between Lebanese and U.S notes
| Price | Yield | Yield Change (in bps) | |
| Nov. 2016 | 100.88 | 4.00% | -1 |
| Mar. 2017 | 107.29 | 4.26% | -2 |
| Oct. 2017 | 101.12 | 4.45% | 0 |
| Jun. 2018 | 101.44 | 4.60% | 0 |
| Nov. 2018 | 101.18 | 4.85% | 10 |
| Apr. 2019 | 101.25 | 5.12% | 4 |
| Mar. 2020 | 104 | 5.38% | 0 |
| Apr. 2020 | 101.5 | 5.43% | 3 |
| Apr. 2021 | 113 | 5.54% | 0 |
| Oct. 2022 | 101.75 | 5.80% | 2 |
| Jan. 2023 | 100.88 | 5.85% | 2 |
| Dec. 2024 | 106.75 | 6.04% | 2 |
| Feb. 2025 | 100.88 | 6.08% | -2 |
| Nov. 2026 | 102.75 | 6.26% | 0 |
| Nov. 2027 | 103.75 | 6.31% | 0 |
| Feb. 2030 | 102 | 6.44% | -3 |
