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Treasury Department auctions $26 billion of 2-year notes at a high ... Investors are eager to see what the Fed says about inflation 'Cold feet': Euro dips from 14-month high ahead of ECB meeting Eurozone inflation softens to 1.3% ahead of July ECB meeting BOJ minutes: members contest disclosure of exit strategy Fast Asia Open: BoJ meeting minutes, Mitsubishi Motors earnings BoE meeting due Thursday - but will it go ahead? Staff to go on strike? School Construction Project Update Discussed at the BOE Meeting Back to Square One in China's Exchange Rate Reform China central bank to ensure smooth, orderly deleveraging ... China central bank to ensure smooth, orderly deleveraging ... China's Central Bank Has More Money Than The GDP Of Nearly ... Seventh Selic cut makes banks reduce rates on credit operations Watch Out for the Three Stooges: Global Week Ahead It is now time for an RBI rate cut Once 'fragile' India gets thumbs up even as RBI rates are set to fall CBR keeps rates unchanged, unconvincingly Russia's central bank pauses key interest rate cuts Turkish Lira Slides as "Turkish Central Bank Loses Credibility" Turkish lira tumbles amid fears on economy and terrorist threat South Africa's rate cut signals political pressure on central bank ... Why South Africa's Central Bank Is Under Fire: QuickTake Q&A S.Korea to keep rates accommodative for now, will review if growth ... South Korea central bank holds rates at record low to boost ...
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondVENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19PETROLEOS DE VENEZUELA SA RegS 22PETROLEOS DE VENEZUELA SA MTN RegS 21VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondIRAQ (REPUBLIC OF) RegS 28PETROLEOS MEXICANOS MTN 21STATE OIL CO OF AZERBAIJAN REPUBLI RegS 23UKRAINE (GOVERNMENT OF) RegS 20
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondNOBLE GROUP LTD RegS 20DTEK FINANCE PLC RegS 24LATAM AIRLINES GROUP SA RegS 20YPF SA RegS 24
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondODEBRECHT DRILL VIII/IX RegS 21JBS INVESTMENTS GMBH RegS 20FIRST QUANTUM MINERALS LTD RegS 23DIGICEL GROUP LTD RegS 20
Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryVenezuelaPakistanEl SalvadorBoliviaLebanon
Country Average Corporate Yield Change USD Eurobonds Weekly
CountryUkraineHong KongArgentinaMacauGuatemala
Top 30 GEM Souvereign Eurobonds by Yield
NameVENEZUELA (BOLVARIAN REPUBLIC OF) RegSPETROLEOS DE VENEZUELA SA MTN RegSPETROLEOS DE VENEZUELA SA RegS
Top 30 GEM Corporate Eurobonds by Yield
NameNOBLE GROUP LTD RegSODEBRECHT FINANCE LTD RegSCSN RESOURCES SA RegS
Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
NameARGENTINA REPUBLIC OF GOVERNMENTARGENTINA REPUBLIC OF GOVERNMENTARGENTINA REPUBLIC OF GOVERNMENT
Big Country Table - Stance, Ratings and Datamine
Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondCANADA (GOVERNMENT OF) 33CANADA (GOVERNMENT OF) 37CANADA (GOVERNMENT OF) 45CANADA (GOVERNMENT OF) 48
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondPORTUGAL (REPUBLIC OF) 24PORTUGAL (REPUBLIC OF) 22PORTUGAL (REPUBLIC OF) 23PORTUGAL (REPUBLIC OF) 19
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsNOBLE GROUP LTD 144A 20Hong Kong63.639.74PACIFIC DRILLING SA 144A 20United States44.577.46GLOBAL A&T ELECTRONICS LTD 144A 19Singapore34.362.49CLAIRES STORES INC 144A 19United States61.192.45DENBURY RESOURCES INC 22United States21.631.56
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsGRUPO ISOLUX CORSAN SA 21Spain--99.99GRUPO ISOLUX CORSAN SA 21Spain--99.99BANCA MONTE DEI PASCHI DI SIENA SP MTN RegS 20Italy42.14-7.53CONCORDIA HEALTHCARE CORP 144A 23Canada60.48-3.50CONCORDIA INTERNATIONAL CORP 144A 22Canada67.58-3.20
Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWPORTUGAL (REPUBLIC OF)PTOTEBOE0020Portugal15-Feb-20454.103.89PORTUGAL (REPUBLIC OF)PTOTE5OE0007Portugal15-Apr-20374.103.63AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAS7Australia21-Mar-20473.003.54
Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWCONCORDIA INTERNATIONAL CORP 144AUS206519AB61Canada21-Oct-20229.5067.58NOBLE GROUP LTD 144AUS65504RAD61Hong Kong29-Jan-20206.7563.63CLAIRES STORES INC 144AUS179584AM91United States15-Mar-20199.0061.19
Country Average Sovereign+Corporate USD Yields Ordered by Weekly Change
| country | Yield | YieldChange |
| Venezuela | 31.71 | 4.46 |
| Hong Kong | 11.81 | 1.28 |
| Singapore | 8.29 | 0.33 |
| Pakistan | 5.56 | 0.30 |
| El Salvador | 8.11 | 0.11 |
| Lebanon | 6.39 | 0.10 |
| Germany | 4.04 | 0.10 |
| Argentina | 6.40 | 0.08 |
| Poland | 2.69 | 0.02 |
| Lithuania | 2.39 | 0.01 |
| Guatemala | 4.58 | 0.00 |
| France | 5.43 | 0.00 |
| Ireland | 4.60 | 0.00 |
| Colombia | 4.50 | -0.02 |
| Malaysia | 3.41 | -0.02 |
| Jordan | 5.80 | -0.02 |
| Philippines | 3.29 | -0.03 |
| Costa Rica | 5.91 | -0.03 |
| Vietnam | 3.77 | -0.03 |
| Saudi Arabia | 4.64 | -0.03 |
| Israel | 3.94 | -0.03 |
| Peru | 3.59 | -0.04 |
| Thailand | 3.55 | -0.04 |
| Russian Federation | 4.20 | -0.05 |
| Chile | 4.00 | -0.05 |
| Korea (South) | 3.52 | -0.05 |
| United Arab Emirates | 3.72 | -0.06 |
| Finland | 3.11 | -0.08 |
| Uruguay | 3.97 | -0.09 |
| South Africa | 4.71 | -0.09 |
| Romania | 3.40 | -0.10 |
| China | 4.00 | -0.10 |
| Panama | 3.64 | -0.11 |
| United States | 5.40 | -0.11 |
| Netherlands | 4.22 | -0.11 |
| Hungary | 3.10 | -0.12 |
| Italy | 4.80 | -0.12 |
| Morocco | 3.94 | -0.13 |
| Mexico | 4.33 | -0.13 |
| Oman | 4.71 | -0.14 |
| Indonesia | 3.91 | -0.14 |
| Bahrain | 5.44 | -0.14 |
| Barbados | 5.37 | -0.15 |
| Turkey | 4.91 | -0.16 |
| India | 4.28 | -0.17 |
| Senegal | 5.66 | -0.17 |
| Kuwait | 3.43 | -0.18 |
| Nigeria | 6.87 | -0.20 |
| Kazakhstan | 4.83 | -0.22 |
| Cote D'Ivoire (Ivory Coast) | 6.02 | -0.22 |
| Croatia (Hrvatska) | 3.11 | -0.23 |
| Sri Lanka | 4.94 | -0.23 |
| Qatar | 3.66 | -0.23 |
| Serbia | 2.93 | -0.25 |
| Egypt | 6.00 | -0.26 |
| Dominican Republic | 4.95 | -0.27 |
| United Kingdom | 4.89 | -0.29 |
| Ukraine | 7.38 | -0.30 |
| Ghana | 7.36 | -0.30 |
| Jamaica | 7.27 | -0.31 |
| Luxembourg | 6.53 | -0.34 |
| Azerbaijan | 5.23 | -0.36 |
| Ecuador | 8.73 | -0.38 |
| Canada | 8.23 | -0.38 |
| Zambia | 6.89 | -0.52 |
| Trinidad and Tobago | 4.89 | -0.56 |
| Brazil | 5.55 | -0.88 |
Country Average Sovereign+Corporate USD Yields Ordered By YTD Yield Chance
| country | Yield | YieldChange |
| Venezuela | 31.40 | 7.44 |
| Canada | 8.94 | 0.78 |
| El Salvador | 8.10 | 0.19 |
| Qatar | 3.49 | -0.06 |
| Ecuador | 8.50 | -0.11 |
| Oman | 4.67 | -0.27 |
| United States | 5.40 | -0.32 |
| China | 3.88 | -0.33 |
| Germany | 4.01 | -0.33 |
| Trinidad and Tobago | 5.06 | -0.35 |
| Bahrain | 5.44 | -0.35 |
| Korea (South) | 3.63 | -0.39 |
| Azerbaijan | 5.26 | -0.40 |
| Philippines | 3.20 | -0.41 |
| Pakistan | 5.35 | -0.42 |
| United Arab Emirates | 3.73 | -0.44 |
| Jordan | 5.80 | -0.45 |
| South Africa | 4.99 | -0.49 |
| Peru | 3.72 | -0.51 |
| Russian Federation | 3.97 | -0.52 |
| Lebanon | 6.32 | -0.55 |
| United Kingdom | 5.11 | -0.58 |
| Thailand | 2.83 | -0.61 |
| Colombia | 4.55 | -0.62 |
| Lithuania | 2.39 | -0.63 |
| Netherlands | 4.03 | -0.63 |
| Malaysia | 3.21 | -0.64 |
| Israel | 3.57 | -0.64 |
| Cote D'Ivoire (Ivory Coast) | 5.98 | -0.68 |
| Poland | 2.69 | -0.72 |
| Chile | 3.66 | -0.74 |
| Guatemala | 4.16 | -0.74 |
| Hungary | 3.10 | -0.76 |
| Romania | 3.40 | -0.79 |
| Morocco | 3.65 | -0.79 |
| Indonesia | 3.86 | -0.83 |
| Panama | 3.54 | -0.84 |
| France | 5.43 | -0.85 |
| Uruguay | 3.97 | -0.88 |
| Mexico | 4.38 | -0.89 |
| Ghana | 7.40 | -0.94 |
| Italy | 4.71 | -0.95 |
| Vietnam | 3.77 | -1.04 |
| India | 4.04 | -1.05 |
| Croatia (Hrvatska) | 3.11 | -1.06 |
| Costa Rica | 5.87 | -1.11 |
| Argentina | 6.48 | -1.13 |
| Kazakhstan | 4.53 | -1.15 |
| Turkey | 4.78 | -1.23 |
| Ukraine | 7.29 | -1.29 |
| Egypt | 5.20 | -1.29 |
| Sri Lanka | 4.91 | -1.36 |
| Dominican Republic | 4.93 | -1.37 |
| Brazil | 5.45 | -1.41 |
| Serbia | 2.93 | -1.43 |
| Jamaica | 7.23 | -1.59 |
| Luxembourg | 7.38 | -1.94 |
Country Average Sovereign+Corporate USD Yields Ordered by Current YTM
| country | Yield | YieldChange |
| Venezuela | 31.71 | 4.46 |
| Hong Kong | 11.81 | 1.28 |
| Ecuador | 8.73 | -0.38 |
| Singapore | 8.29 | 0.33 |
| Canada | 8.23 | -0.38 |
| El Salvador | 8.11 | 0.11 |
| Ukraine | 7.38 | -0.30 |
| Ghana | 7.36 | -0.30 |
| Jamaica | 7.27 | -0.31 |
| Zambia | 6.89 | -0.52 |
| Nigeria | 6.87 | -0.20 |
| Luxembourg | 6.53 | -0.34 |
| Argentina | 6.40 | 0.08 |
| Lebanon | 6.39 | 0.10 |
| Cote D'Ivoire (Ivory Coast) | 6.02 | -0.22 |
| Egypt | 6.00 | -0.26 |
| Costa Rica | 5.91 | -0.03 |
| Jordan | 5.80 | -0.02 |
| Senegal | 5.66 | -0.17 |
| Pakistan | 5.56 | 0.30 |
| Brazil | 5.55 | -0.88 |
| Bahrain | 5.44 | -0.14 |
| France | 5.43 | 0.00 |
| United States | 5.40 | -0.11 |
| Barbados | 5.37 | -0.15 |
| Azerbaijan | 5.23 | -0.36 |
| Dominican Republic | 4.95 | -0.27 |
| Sri Lanka | 4.94 | -0.23 |
| Turkey | 4.91 | -0.16 |
| Trinidad and Tobago | 4.89 | -0.56 |
| United Kingdom | 4.89 | -0.29 |
| Kazakhstan | 4.83 | -0.22 |
| Italy | 4.80 | -0.12 |
| Oman | 4.71 | -0.14 |
| South Africa | 4.71 | -0.09 |
| Saudi Arabia | 4.64 | -0.03 |
| Ireland | 4.60 | 0.00 |
| Guatemala | 4.58 | 0.00 |
| Colombia | 4.50 | -0.02 |
| Mexico | 4.33 | -0.13 |
| India | 4.28 | -0.17 |
| Netherlands | 4.22 | -0.11 |
| Russian Federation | 4.20 | -0.05 |
| Germany | 4.04 | 0.10 |
| Chile | 4.00 | -0.05 |
| China | 4.00 | -0.10 |
| Uruguay | 3.97 | -0.09 |
| Morocco | 3.94 | -0.13 |
| Israel | 3.94 | -0.03 |
| Indonesia | 3.91 | -0.14 |
| Vietnam | 3.77 | -0.03 |
| United Arab Emirates | 3.72 | -0.06 |
| Qatar | 3.66 | -0.23 |
| Panama | 3.64 | -0.11 |
| Peru | 3.59 | -0.04 |
| Thailand | 3.55 | -0.04 |
| Korea (South) | 3.52 | -0.05 |
| Kuwait | 3.43 | -0.18 |
| Malaysia | 3.41 | -0.02 |
| Romania | 3.40 | -0.10 |
| Philippines | 3.29 | -0.03 |
| Croatia (Hrvatska) | 3.11 | -0.23 |
| Finland | 3.11 | -0.08 |
| Hungary | 3.10 | -0.12 |
| Serbia | 2.93 | -0.25 |
| Poland | 2.69 | 0.02 |
| Lithuania | 2.39 | 0.01 |
Chart: Average GEM Yields Are Still On the Rise..
Russian Yields Move Slightly Higher On Sanctions

Source: ML
Download file in Power PointKey News
Average Sovereign GEM Yields (USD)
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Average Sov. Dev. Markets Yields (blended currency)
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Average UST Yield
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Bonds Datamine Queries
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondVENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19PETROLEOS DE VENEZUELA SA RegS 22PETROLEOS DE VENEZUELA SA MTN RegS 21VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondIRAQ (REPUBLIC OF) RegS 28PETROLEOS MEXICANOS MTN 21STATE OIL CO OF AZERBAIJAN REPUBLI RegS 23UKRAINE (GOVERNMENT OF) RegS 20
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondNOBLE GROUP LTD RegS 20DTEK FINANCE PLC RegS 24LATAM AIRLINES GROUP SA RegS 20YPF SA RegS 24
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondODEBRECHT DRILL VIII/IX RegS 21JBS INVESTMENTS GMBH RegS 20FIRST QUANTUM MINERALS LTD RegS 23DIGICEL GROUP LTD RegS 20
Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryVenezuelaPakistanEl SalvadorBoliviaLebanon
Country Average Corporate Yield Change USD Eurobonds Weekly
CountryUkraineHong KongArgentinaMacauGuatemala
Top 30 GEM Souvereign Eurobonds by Yield
NameVENEZUELA (BOLVARIAN REPUBLIC OF) RegSPETROLEOS DE VENEZUELA SA MTN RegSPETROLEOS DE VENEZUELA SA RegS
Top 30 GEM Corporate Eurobonds by Yield
NameNOBLE GROUP LTD RegSODEBRECHT FINANCE LTD RegSCSN RESOURCES SA RegS
Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
NameARGENTINA REPUBLIC OF GOVERNMENTARGENTINA REPUBLIC OF GOVERNMENTARGENTINA REPUBLIC OF GOVERNMENT
Big Country Table - Stance, Ratings and Datamine
Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondCANADA (GOVERNMENT OF) 33CANADA (GOVERNMENT OF) 37CANADA (GOVERNMENT OF) 45CANADA (GOVERNMENT OF) 48
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondPORTUGAL (REPUBLIC OF) 24PORTUGAL (REPUBLIC OF) 22PORTUGAL (REPUBLIC OF) 23PORTUGAL (REPUBLIC OF) 19
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsNOBLE GROUP LTD 144A 20Hong Kong63.639.74PACIFIC DRILLING SA 144A 20United States44.577.46GLOBAL A&T ELECTRONICS LTD 144A 19Singapore34.362.49CLAIRES STORES INC 144A 19United States61.192.45DENBURY RESOURCES INC 22United States21.631.56
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsGRUPO ISOLUX CORSAN SA 21Spain--99.99GRUPO ISOLUX CORSAN SA 21Spain--99.99BANCA MONTE DEI PASCHI DI SIENA SP MTN RegS 20Italy42.14-7.53CONCORDIA HEALTHCARE CORP 144A 23Canada60.48-3.50CONCORDIA INTERNATIONAL CORP 144A 22Canada67.58-3.20
Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWPORTUGAL (REPUBLIC OF)PTOTEBOE0020Portugal15-Feb-20454.103.89PORTUGAL (REPUBLIC OF)PTOTE5OE0007Portugal15-Apr-20374.103.63AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAS7Australia21-Mar-20473.003.54
Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWCONCORDIA INTERNATIONAL CORP 144AUS206519AB61Canada21-Oct-20229.5067.58NOBLE GROUP LTD 144AUS65504RAD61Hong Kong29-Jan-20206.7563.63CLAIRES STORES INC 144AUS179584AM91United States15-Mar-20199.0061.19