According to the ABL’s monthly Treasury Bills publication, the face value of the outstanding LBP treasury securities’ portfolio fell by 2.71% in January 2026 to LBP 46,549 billion, down from LBP 47,847 billion a month earlier. Furthermore, and on an annual basis, the outstanding face value of LBP treasury securities dropped by 28.13% (LBP 18,217 billion) when compared to the LBP 64,766 billion balance as at end of January 2025. The continuous drop in the outstanding balance of the treasury securities portfolio may be explained by the Ministry of Finance’s decision to suspend the issuance of new securities since December 2023. It is worth highlighting that 59.94% of the outstanding treasury securities’ portfolio had a tenor of 120 months as at end of January 2026, followed by the 84-month (21.61%), 60-month (8.73%) and 36-month (6.67%) tenor securities.

The maturities spectrum of the Lebanese treasury securities portfolio show some LBP 16,610 billion (34.7%) in face value treasury instruments that mature in 2026 (LBP 15,312 billion remaining till end of 2026), LBP 7,197 billion (15.0%) in 2027, and LBP 8,182 billion (17.1%) in 2028. The chart below depicts the projected face values of LBP treasury instruments that will arrive to maturity between the year 2026 and 2033: