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Chart: Fixed Income Strategy June 2023

Source:

  • Thoughts From The Municipal Bond Desk (June Edition) Seeking Alpha By Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income; and Stephanie Larosiliere, Head of Municipal... 3 hours ago
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  • What To Expect From The Fed’s June Meeting Forbes The Fed will set interest rates on June 14. The market currently expects rates to hold steady, but will be looking for clues on future... 3 weeks ago
  • EUR/USD to Remain Supported by Hawkish ECB as Sintra Meeting Heats Up DailyFX EUR/USD is likely to remain rangebound as Central Bankers share their thoughts at the ECB Forum. The tussle for superiority between bulls... 2 days ago
  • ECB's de Cos: September meeting decision is 'absolutely open' Forexlive Remarks by ECB policymaker, Pablo Hernandez de Cos. 1 day ago
  • ECB’s Vasle: We need to keep tightening policy at our next meeting FXStreet European Central Bank (ECB) policymaker, Boštjan Vasle, said on Wednesday, “we need to keep tightening policy at our next meeting. 2 days ago
  • Bank of Japan member called for early tweak to YCC, yen worries ... Reuters Focus on BOJ's July meeting when some analysts see policy tweak. TOKYO, June 26 (Reuters) - A Bank of Japan (BOJ) policymaker called for an... 4 days ago
  • Ueda Says More Confidence in 2024 Prices Needed For BOJ Shift Bloomberg.com The central bank is widely expected to raise its inflation projection at its next meeting on July 27-28. The third of surveyed economists who... 1 day ago
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  • China cuts short-term borrowing costs to support recovery Reuters China's central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and... 2 weeks ago
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  • Yuan to remain under pressure as central bank weighs moves to stem weakness South China Morning Post · 1 day ago
  • Factbox: Policy measures China's central bank could use to stem yuan weakness Reuters · 1 day ago
  • China's PBOC asks foreign banks about dollar deposit rates amid weak yuan Reuters · 8 hours ago
  • EMERGING MARKETS-Brazil real falls to two-week lows, leads ... Yahoo Finance Central bank data showed Brazil's delinquency rate reached its highest ... said Hubert de Barochez, markets economist at Capital Economics. 2 days ago
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  • South African central bank tweaks interest-rate decision model Reuters JOHANNESBURG, June 21 (Reuters) - South Africa's central bank will for the first time modify the model that partly influences its interest... 1 week ago
  • South Africa Interest Rate Seen Staying Higher for Longer ... Bloomberg.com Still, inflation has been above the South African Reserve Bank's target range for a year. The key repurchase rate stands at 8.25%, the highest... 2 days ago
  • South Africa Interest-Rate Hikes Needed to Tame Inflation ... Bloomberg.com The key repurchase rate stands at 8.25%, the highest level in 14 years. Inflation slowed more than projected to a 13 month-low of 6.3% in May,... 1 week ago
  • Bank of Korea: early policy shift may add pressure on local currency Reuters However, the central bank said the degree of restrictiveness has lessened significantly this year with a sharp fall of interest rates in... 3 weeks ago
  • South Korea central bank sees low possibility of banking crisis in ... Reuters SEOUL, June 21 (Reuters) - South Korea's central bank said on Wednesday it saw ... as worries persist over high interest rates and slowing growth, it added. 1 week ago
  • Asia markets mixed after Wall Street's banks jump on stress test results CNBC In South Korea, the Kospi rose 0.56% to close at 2,564.28. ... the quarterly survey suggests rate cuts in August by China's central bank may... 1 day ago
    Performance is between 2023-06-01 and 2023-05-01

    Country Average Sovereign+Corporate USD Yields Ordered by Period Change

    countryYieldYieldChange
    Ecuador25.082.60
    Ethiopia35.741.98
    Turkey10.411.35
    Poland13.541.06
    Luxembourg11.980.82
    Moldova25.300.67
    Ghana8.040.60
    Bolivia20.550.51
    Serbia6.520.42
    Barbados6.680.38
    Brazil9.870.35
    Korea (South)5.650.34
    Kuwait9.260.33
    Hong Kong7.950.30
    Saudi Arabia5.600.29
    Jordan7.820.29
    Taiwan4.970.29
    Macau8.650.28
    Hungary6.990.27
    Iraq9.630.27
    Supranational8.330.27
    China15.590.25
    Indonesia6.180.25
    Malaysia5.510.24
    Peru7.590.22
    Dominican Republic7.320.22
    Azerbaijan6.760.22
    Thailand6.690.22
    Morocco6.530.21
    Netherlands7.910.21
    Qatar5.250.20
    Oman6.030.20
    Mexico8.800.20
    Kazakhstan7.330.19
    Trinidad and Tobago5.450.19
    France10.950.19
    Italy8.100.19
    Bahrain6.820.18
    Vietnam8.290.18
    Uruguay4.800.17
    Tanzania10.280.17
    Romania6.150.16
    Chile6.910.15
    United Arab Emirates6.370.13
    Switzerland9.480.13
    South Africa8.490.12
    Guatemala7.490.12
    Paraguay6.930.12
    Costa Rica6.770.09
    Singapore6.950.07
    Panama7.130.06
    Senegal10.350.05
    Israel7.480.05
    Zambia4.760.00
    Sri Lanka0.000.00
    Lebanon0.000.00
    Venezuela0.000.00
    Colombia8.79-0.01
    Australia7.15-0.01
    Burkina Faso9.54-0.02
    Germany7.48-0.02
    Argentina21.96-0.05
    United States8.48-0.06
    Canada8.37-0.10
    Ireland9.68-0.14
    Philippines11.81-0.18
    India9.57-0.20
    El Salvador16.09-0.22
    Jamaica10.97-0.27
    United Kingdom7.95-0.33
    Cote D'Ivoire (Ivory Coast)8.25-0.40
    Japan10.03-1.01
    Angola11.39-1.04
    Ukraine30.51-1.13
    Gabon11.25-1.17
    Nigeria11.62-1.27
    Kenya11.76-1.31
    Egypt17.53-1.34
    Pakistan35.02-2.10
    Tunisia34.42-10.60

    Country Average Sovereign+Corporate USD Yields Ordered By YTD Yield Change

    countryYieldYieldChange
    Ecuador25.089.54
    Bolivia20.559.45
    Tunisia34.428.17
    Egypt17.696.33
    China15.744.56
    Pakistan35.023.81
    Moldova25.303.16
    Poland15.072.78
    Luxembourg12.272.67
    Argentina21.962.66
    Ukraine30.512.02
    France11.351.77
    Turkey10.451.75
    Ghana8.041.68
    Philippines12.041.51
    Tanzania10.281.41
    Gabon11.251.37
    Ireland9.681.36
    Kenya11.761.21
    South Africa8.741.10
    Senegal10.351.03
    Supranational8.330.98
    Singapore6.800.96
    Kuwait9.260.92
    Angola11.390.90
    Brazil9.530.86
    Mexico8.780.86
    Macau8.650.86
    Hong Kong8.240.81
    Netherlands7.950.77
    Colombia8.770.72
    Panama7.150.66
    Guatemala7.490.64
    Paraguay6.930.63
    Azerbaijan6.760.60
    Ethiopia35.740.60
    United States8.570.56
    Cote D'Ivoire (Ivory Coast)8.250.52
    Iraq9.630.50
    Jordan7.830.48
    Peru7.590.41
    Trinidad and Tobago5.450.41
    Japan10.030.41
    Australia7.150.38
    Vietnam8.290.36
    Chile6.910.32
    Nigeria11.560.31
    Thailand6.740.31
    India9.780.30
    Barbados6.680.27
    Bahrain6.810.26
    Morocco6.760.24
    Italy8.130.24
    Israel7.520.20
    Uruguay4.800.17
    Taiwan4.970.17
    Dominican Republic7.320.13
    Saudi Arabia5.660.09
    Indonesia6.180.05
    Korea (South)5.680.04
    Malaysia5.510.01
    Canada8.470.01
    Sri Lanka0.000.00
    Lebanon0.000.00
    Venezuela0.000.00
    Qatar5.25-0.09
    Burkina Faso9.54-0.10
    Oman6.03-0.11
    United Arab Emirates6.43-0.19
    Hungary6.00-0.21
    Germany8.05-0.24
    Kazakhstan7.35-0.31
    Romania6.07-0.32
    Costa Rica6.88-0.37
    Zambia4.76-0.41
    United Kingdom7.98-0.42
    Serbia6.21-0.43
    Jamaica10.97-1.24
    El Salvador16.09-3.12

    Country Average Sovereign+Corporate USD Yields Ordered by Current YTM

    countryYieldYieldChange
    Ethiopia35.741.98
    Pakistan35.02-2.10
    Tunisia34.42-10.60
    Ukraine30.51-1.13
    Moldova25.300.67
    Ecuador25.082.60
    Argentina21.96-0.05
    Bolivia20.550.51
    Egypt17.53-1.34
    El Salvador16.09-0.22
    China15.590.25
    Poland13.541.06
    Luxembourg11.980.82
    Philippines11.81-0.18
    Kenya11.76-1.31
    Nigeria11.62-1.27
    Angola11.39-1.04
    Gabon11.25-1.17
    Jamaica10.97-0.27
    France10.950.19
    Turkey10.411.35
    Senegal10.350.05
    Tanzania10.280.17
    Japan10.03-1.01
    Brazil9.870.35
    Ireland9.68-0.14
    Iraq9.630.27
    India9.57-0.20
    Burkina Faso9.54-0.02
    Switzerland9.480.13
    Kuwait9.260.33
    Mexico8.800.20
    Colombia8.79-0.01
    Macau8.650.28
    South Africa8.490.12
    United States8.48-0.06
    Canada8.37-0.10
    Supranational8.330.27
    Vietnam8.290.18
    Cote D'Ivoire (Ivory Coast)8.25-0.40
    Italy8.100.19
    Ghana8.040.60
    Hong Kong7.950.30
    United Kingdom7.95-0.33
    Netherlands7.910.21
    Jordan7.820.29
    Peru7.590.22
    Guatemala7.490.12
    Israel7.480.05
    Germany7.48-0.02
    Kazakhstan7.330.19
    Dominican Republic7.320.22
    Australia7.15-0.01
    Panama7.130.06
    Hungary6.990.27
    Singapore6.950.07
    Paraguay6.930.12
    Chile6.910.15
    Bahrain6.820.18
    Costa Rica6.770.09
    Azerbaijan6.760.22
    Thailand6.690.22
    Barbados6.680.38
    Morocco6.530.21
    Serbia6.520.42
    United Arab Emirates6.370.13
    Indonesia6.180.25
    Romania6.150.16
    Oman6.030.20
    Korea (South)5.650.34
    Saudi Arabia5.600.29
    Malaysia5.510.24
    Trinidad and Tobago5.450.19
    Qatar5.250.20
    Taiwan4.970.29
    Uruguay4.800.17
    Zambia4.760.00
    Sri Lanka0.000.00
    Lebanon0.000.00
    Venezuela0.000.00

    Country Local Currency Yields Ordered by Period Change

    countryYieldYieldChange
    Cayman Islands7.020.63
    Canada4.590.34
    Australia3.650.34
    New Zealand4.420.30
    Sweden7.510.26
    South Africa12.040.21
    Poland5.850.20
    Singapore2.890.19
    Switzerland5.520.16
    Israel4.730.12
    Norway3.530.12
    United Kingdom6.620.12
    Mexico9.390.10
    Denmark2.690.09
    Austria3.480.09
    Netherlands5.110.09
    Czech Republic4.900.08
    Finland3.000.08
    Thailand2.430.07
    Malaysia3.660.07
    Belgium3.250.06
    Ireland3.780.05
    Dominican Republic9.980.01
    Japan0.720.00
    United States6.510.00
    France6.22-0.02
    Spain5.07-0.02
    Chile5.80-0.03
    China2.52-0.04
    Luxembourg13.04-0.04
    Colombia10.88-0.05
    Uruguay10.02-0.06
    Peru6.86-0.06
    Romania6.67-0.08
    Italy4.96-0.08
    Germany4.51-0.11
    Indonesia6.25-0.15
    Slovenia8.35-0.15
    Brazil11.67-0.24
    Serbia5.58-0.28
    Hungary8.74-0.37
    Egypt22.71-0.42
    Gibraltar9.86-0.44
    Portugal7.78-0.48
    Greece7.20-1.28
    Turkey14.36-4.03

    Country Local Currency Yields Ordered by Yield

    countryYieldYieldChange
    Egypt22.71-0.42
    Turkey14.36-4.03
    Luxembourg13.04-0.04
    South Africa12.040.21
    Brazil11.67-0.24
    Colombia10.88-0.05
    Uruguay10.02-0.06
    Dominican Republic9.980.01
    Gibraltar9.86-0.44
    Mexico9.390.10
    Hungary8.74-0.37
    Slovenia8.35-0.15
    Portugal7.78-0.48
    Sweden7.510.26
    Greece7.20-1.28
    Cayman Islands7.020.63
    Peru6.86-0.06
    Romania6.67-0.08
    United Kingdom6.620.12
    United States6.510.00
    Indonesia6.25-0.15
    France6.22-0.02
    Poland5.850.20
    Chile5.80-0.03
    Serbia5.58-0.28
    Switzerland5.520.16
    Netherlands5.110.09
    Spain5.07-0.02
    Italy4.96-0.08
    Czech Republic4.900.08
    Israel4.730.12
    Canada4.590.34
    Germany4.51-0.11
    New Zealand4.420.30
    Ireland3.780.05
    Malaysia3.660.07
    Australia3.650.34
    Norway3.530.12
    Austria3.480.09
    Belgium3.250.06
    Finland3.000.08
    Singapore2.890.19
    Denmark2.690.09
    China2.52-0.04
    Thailand2.430.07
    Japan0.720.00

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    Download file in Power Point    		Supporting Data for ML Fixed Income Strategy

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    Average Sovereign GEM Yields (USD)

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    Average Corporate GEM Yields (USD)

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    Average Corporate High Yield GEM Yields (USD)

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    Average Sov. Dev. Markets Yields (blended currency)

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    Average UST Yield (Where Duration is less than 10 years)

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    Average Sovereign GEM Local Currency Yields

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    Bonds Datamine Queries



    Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
    BondECUADOR REPUBLIC OF (GOVERNMENT) RegS 30ECUADOR REPUBLIC OF (GOVERNMENT) RegS 35ETHIOPIA FEDERAL DEMOCRATIC REPUB RegS 24ECUADOR REPUBLIC OF (GOVERNMENT) RegS 40

    Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
    BondCENTRAL BANK OF TUNISIA RegS 25EGYPT (ARAB REPUBLIC OF) MTN RegS 25EGYPTIAN FINANCIAL COMPANY FOR SOV RegS 26PAKISTAN (ISLAMIC REPUBLIC OF) RegS 27

    Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
    BondUNIGEL LUXEMBOURG SA RegS 26TURKIYE IS BANKASI AS RegS 28TULLOW OIL PLC RegS 25BANCO DO BRASIL (GRAND CAYMAN BRAN RegS 79

    Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
    BondSMC GLOBAL POWER HOLDINGS CORP RegS 79VEDANTA RESOURCES PLC RegS 24VEDANTA RESOURCES FINANCE II PLC RegS 25GLOBAL LOGISTIC PROPERTIES LTD RegS 25

    Country Average Sovereign Yield Change USD Eurobonds Weekly
    CountryEcuadorEthiopiaTurkeyBoliviaSerbia

    Country Average Corporate Yield Change USD Eurobonds Weekly
    CountryGhanaTurkeyPolandMoldovaLuxembourg

    Top 30 GEM Souvereign Eurobonds by Yield
    NameUKRAINE (GOVERNMENT OF) RegSUKRAINE (GOVERNMENT OF) RegSPAKISTAN (ISLAMIC REPUBLIC OF) MTN RegS

    Top 30 GEM Corporate Eurobonds by Yield
    NameTURKIYE IS BANKASI AS RegSCIMPOR FINANCIAL OPERATIONS BV RegSCOUNTRY GARDEN HOLDINGS COMPANY LT RegS

    Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
    NameEGYPT (ARAB REPUBLIC OF)EGYPT (ARAB REPUBLIC OF)EGYPT (ARAB REPUBLIC OF)

    Big Country Table - Stance, Ratings and Datamine


    Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
    BondUK CONV GILT 0.375 10/22/26 RegS 26CANADA (GOVERNMENT OF) 24UK CONV GILT RegS 26UK CONV GILT RegS 25

    Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
    BondITALY (REPUBLIC OF) 33ITALY (REPUBLIC OF) 35ITALY (REPUBLIC OF) 32ITALY (REPUBLIC OF) 31

    Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
    BondCountryYieldYield Change %ptsRADIOLOGY PARTNERS INC 144A 28United States48.529.93ALTICE FRANCE HOLDING SA RegS 27Luxembourg26.666.50ALTICE FRANCE HOLDING SA 144A 27Luxembourg28.855.28HEIMSTADEN AB RegS 26Sweden27.434.78ALTICE FRANCE HOLDING SA RegS 28Luxembourg21.834.52

    Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
    BondCountryYieldYield Change %ptsSHUTTERFLY LLC 144A 26United States29.83-11.00KLEOPATRA HOLDINGS 2 SCA RegS 26Luxembourg19.86-8.30TELE COLUMBUS AG RegS 25Germany20.95-7.28DISH DBS CORP 26United States26.95-6.49SABRE GLBL INC 144A 25United States11.78-5.70

    Top 30 DM Souvereign Eurobonds by Yield
    NameISINcountryMaturityCouponYTWCANADA (GOVERNMENT OF)CA135087N340CanadaApr 01, 20251.505.35NEW ZEALAND (GOVERNMENT OF)NZGOVDT425C5New ZealandApr 15, 20252.754.85UK CONV GILT RegSGB00BLPK7110United KingdomJan 31, 20250.254.75

    Top 30 DM Corporate Eurobonds by Yield
    NameISINcountryMaturityCouponYTWVIA CELERE DESARROLLOS INMOBILIARI RegSXS2321651031SpainApr 01, 20265.2550.00CASINO GUICHARD PERRACHON SA MTN RegSFR0012369122FranceFeb 07, 20253.5850.00CASINO GUICHARD PERRACHON SA RegSXS2328426445FranceApr 15, 20275.2550.00

    Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly

    BondCountryYieldYield Change % pts
    ECUADOR REPUBLIC OF (GOVERNMENT) RegS 30Ecuador26.713.51
    ECUADOR REPUBLIC OF (GOVERNMENT) RegS 30Ecuador30.622.83
    ECUADOR REPUBLIC OF (GOVERNMENT) RegS 35Ecuador23.182.35
    ETHIOPIA FEDERAL DEMOCRATIC REPUB RegS 24Ethiopia35.741.98
    ECUADOR REPUBLIC OF (GOVERNMENT) RegS 40Ecuador19.821.72
    TURKEY (REPUBLIC OF) 30Turkey9.341.29
    TURKEY (REPUBLIC OF) 27Turkey9.541.26
    TURKEY (REPUBLIC OF) 30Turkey9.211.14
    TURKEY (REPUBLIC OF) 34Turkey8.981.14
    TURKEY (REPUBLIC OF) 28Turkey9.601.13
    TURKEY (REPUBLIC OF) 30Turkey9.551.13
    TURKEY REPUBLIC OF (GOVERNMENT) RegS 24Turkey8.951.10
    TURKEY (REPUBLIC OF) 27Turkey9.241.06
    TURKEY (REPUBLIC OF) 31Turkey9.221.05
    TURKEY (REPUBLIC OF) 26Turkey9.141.04
    TURKEY (REPUBLIC OF) 31Turkey9.251.03
    TURKEY (REPUBLIC OF) 29Turkey9.211.02
    TURKEY (REPUBLIC OF) 29Turkey9.601.02
    TURKEY (REPUBLIC OF) 33Turkey9.691.01
    TURKEY (REPUBLIC OF) 26Turkey9.140.99


    Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)

    BondCountryYieldYield Change %pts
    CENTRAL BANK OF TUNISIA RegS 25Tunisia34.42-10.60
    EGYPT (ARAB REPUBLIC OF) MTN RegS 25Egypt19.85-4.40
    EGYPTIAN FINANCIAL COMPANY FOR SOV RegS 26Egypt15.18-3.96
    PAKISTAN (ISLAMIC REPUBLIC OF) RegS 27Pakistan35.90-3.38
    NIGERIA (FEDERAL REPUBLIC OF) RegS 25Nigeria9.53-2.67
    KENYA (REPUBLIC OF) RegS 24Kenya14.49-2.62
    UKRAINE (GOVERNMENT OF) RegS 27Ukraine43.73-2.34
    PAKISTAN (ISLAMIC REPUBLIC OF) MTN RegS 31Pakistan27.64-2.26
    NIGERIA (FEDERAL REPUBLIC OF) MTN RegS 27Nigeria10.66-2.05
    UKRAINE (GOVERNMENT OF) RegS 28Ukraine34.49-1.98
    NIGERIA (FEDERAL REPUBLIC OF) MTN RegS 29Nigeria11.37-1.86
    NIGERIA (FEDERAL REPUBLIC OF) MTN RegS 28Nigeria10.81-1.82
    NIGERIA (FEDERAL REPUBLIC OF) MTN RegS 30Nigeria11.37-1.76
    UKRAINE REPUBLIC OF (GOVERNMENT) RegS 31Ukraine22.81-1.64
    UKRAINE (GOVERNMENT OF) RegS 29Ukraine28.53-1.64
    NIGERIA (FEDERAL REPUBLIC OF) RegS 31Nigeria11.69-1.63
    UKRAINE REPUBLIC OF (GOVERNMENT) RegS 30Ukraine23.13-1.63
    EGYPT (ARAB REPUBLIC OF) MTN RegS 27Egypt20.15-1.58
    EGYPT (ARAB REPUBLIC OF) MTN RegS 27Egypt18.62-1.56
    NIGERIA (FEDERAL REPUBLIC OF) MTN RegS 33Nigeria11.59-1.47


    Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)

    BondCountryYieldYield Change %pts
    UNIGEL LUXEMBOURG SA RegS 26Brazil36.5323.63
    TURKIYE IS BANKASI AS RegS 28Turkey50.0019.30
    TULLOW OIL PLC RegS 25Ghana49.416.28
    BANCO DO BRASIL (GRAND CAYMAN BRAN RegS 79Brazil24.755.40
    YAPI VE KREDI BANKASI AS MTN RegS 79Turkey13.933.15
    ORIFLAME INVESTMENT HOLDING PLC RegS 26Poland30.072.73
    RIO ENERGY SA/UGEN SA/UENSA SA RegS 25Argentina32.082.65
    YANLORD LAND (HK) CO LTD RegS 26China14.282.59
    COUNTRY GARDEN HOLDINGS CO LTD RegS 25China50.002.47
    FWD GROUP LTD RegS 79Hong Kong16.582.29
    LIQUID TELECOMMUNICATIONS FINANCIN RegS 26South Africa24.202.02
    NEW WORLD DEVELOPMENT BVI LTD RegS 79Hong Kong13.722.00
    TURKIYE IS BANKASI AS MTN RegS 30Turkey13.451.98
    COUNTRY GARDEN HOLDINGS CO LTD RegS 26China46.581.92
    BANCO MERCANTIL DEL NORTE SA (GRAN RegS 79Mexico13.451.80
    YAPI VE KREDI BANKASI AS MTN RegS 31Turkey12.321.79
    NWD FINANCE (BVI) LTD RegS 79Hong Kong13.691.76
    WEST CHINA CEMENT LTD RegS 26China18.041.72
    AKBANK TAS RegS 31Turkey12.371.62
    CENTRAL PLAZA DEVELOPMENT LTD RegS 26China13.071.61


    Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly

    BondCountryYieldYield Change %pts
    SMC GLOBAL POWER HOLDINGS CORP RegS 79Philippines38.91-7.25
    VEDANTA RESOURCES PLC RegS 24India40.85-5.27
    VEDANTA RESOURCES FINANCE II PLC RegS 25India28.09-3.53
    GLOBAL LOGISTIC PROPERTIES LTD RegS 25Singapore24.15-3.50
    AZUL INVESTMENTS LLP RegS 26Brazil17.43-3.03
    GLP CHINA HOLDINGS LTD MTN RegS 26China22.69-2.62
    PCPD CAPITAL LTD RegS 26Hong Kong15.74-2.39
    RKPF OVERSEAS 2020 A LTD RegS 26China32.78-2.18
    PUMA INTERNATIONAL FINANCING SA RegS 26Singapore8.75-2.15
    VEDANTA RESOURCES FINANCE II PLC RegS 26India24.45-1.84
    PETROFAC LTD RegS 26United Arab Emirates21.44-1.68
    IHS HOLDING LTD/KY RegS 26Nigeria10.51-1.57
    COUNTRY GARDEN HOLDINGS CO LTD RegS 31China21.55-1.44
    STANDARD CHARTERED PLC RegS 79Hong Kong10.12-1.29
    IHS NETHERLANDS HOLDCO BV RegS 27Nigeria10.98-1.20
    FORTUNE STAR BVI LTD RegS 25China17.95-1.00
    YPF SA MTN RegS 27Argentina15.47-0.98
    YPF SA RegS 26Argentina10.17-0.97
    BRF SA RegS 50Brazil8.95-0.97
    DIGICEL HOLDINGS (BERMUDA) LTD RegS 24Jamaica18.48-0.95


    Country Average Sovereign Yield Change USD Eurobonds Weekly

    CountryAverage YieldYield Average change % pts
    Ecuador25.082.60
    Ethiopia35.741.98
    Turkey9.190.93
    Bolivia20.550.51
    Serbia6.520.42
    Hungary6.060.31
    China4.790.31
    Jordan7.910.30
    Guatemala6.910.29
    Poland4.830.28
    Iraq9.630.27
    Saudi Arabia4.910.26
    Indonesia5.120.25
    Paraguay6.320.24
    Malaysia4.930.24
    Azerbaijan5.940.23
    Kuwait4.140.23
    Dominican Republic7.320.22
    Qatar4.730.22
    Oman6.060.22
    Morocco6.100.21
    United Arab Emirates5.020.20
    Chile5.170.20
    India5.310.19
    Trinidad and Tobago5.450.19
    Bahrain6.780.19
    Uruguay4.800.17
    Philippines4.920.17
    Romania6.150.16
    Mexico7.940.13
    Jamaica5.960.12
    Kazakhstan4.930.12
    Peru5.810.11
    Panama6.060.11
    Brazil6.060.09
    Costa Rica6.770.09
    Senegal10.350.05
    Vietnam6.240.03
    Argentina32.170.02
    Ghana1.980.00
    United States4.620.00
    Zambia0.000.00
    Sri Lanka0.000.00
    Lebanon0.000.00
    Venezuela0.000.00
    South Africa8.03-0.02
    Colombia7.71-0.05
    El Salvador16.09-0.22
    Cote D'Ivoire (Ivory Coast)8.25-0.40
    Angola11.39-1.04
    Gabon11.25-1.17
    Ukraine31.63-1.29
    Egypt17.53-1.34
    Kenya12.03-1.44
    Nigeria11.30-1.66
    Pakistan35.02-2.10
    Tunisia34.42-10.60


    Country Average Corporate Yield Change USD Eurobonds Weekly

    CountryAverage YieldYield Average change % pts
    Ghana28.242.60
    Turkey12.141.94
    Poland18.991.55
    Moldova25.300.67
    Luxembourg11.150.59
    Barbados6.680.38
    Brazil9.800.35
    Korea (South)5.600.34
    Ukraine20.510.33
    Vietnam10.340.32
    Taiwan4.970.29
    Macau8.670.29
    Hong Kong6.650.28
    Kuwait7.630.28
    Indonesia7.340.28
    China9.880.25
    Malaysia5.650.25
    Morocco6.970.24
    Saudi Arabia5.510.23
    South Africa7.650.22
    Kazakhstan7.620.22
    Azerbaijan8.390.21
    Mexico6.950.20
    Peru7.230.20
    Thailand6.250.19
    Supranational7.540.18
    Qatar5.280.18
    Singapore6.290.17
    Tanzania10.280.17
    Hungary9.090.16
    Bahrain7.090.15
    Jordan6.010.15
    United Arab Emirates5.940.14
    Chile6.470.14
    Oman5.890.10
    Israel7.250.08
    Guatemala7.680.07
    Colombia9.480.02
    Panama7.870.01
    United States4.620.00
    Zambia7.94-0.01
    Burkina Faso9.54-0.02
    India8.01-0.04
    Paraguay7.85-0.05
    Argentina15.16-0.09
    Philippines13.71-0.26
    Nigeria10.69-0.42
    Jamaica18.50-0.87


    Top 30 GEM Souvereign Eurobonds by Yield

    NameISINcountryMaturityCouponYTW
    UKRAINE (GOVERNMENT OF) RegSXS1303921487UkraineSep 01, 20250.0050.00
    UKRAINE (GOVERNMENT OF) RegSXS1303925041UkraineSep 01, 20260.0050.00
    PAKISTAN (ISLAMIC REPUBLIC OF) MTN RegSXS2322319398PakistanApr 08, 20266.0048.60
    ARGENTINA REPUBLIC OF GOVERNMENTUS040114HX11ArgentinaJul 09, 20291.0046.00
    UKRAINE (GOVERNMENT OF) RegSXS1303925470UkraineSep 01, 20270.0043.73
    ARGENTINA REPUBLIC OF GOVERNMENTUS040114HS26ArgentinaJul 09, 20300.5042.15
    PAKISTAN (ISLAMIC REPUBLIC OF) RegSXS1729875598PakistanDec 05, 20276.8835.90
    ETHIOPIA FEDERAL DEMOCRATIC REPUB RegSXS1151974877EthiopiaDec 11, 20246.6335.74
    UKRAINE (GOVERNMENT OF) RegSXS1303926528UkraineSep 01, 20280.0034.49
    CENTRAL BANK OF TUNISIA RegSXS1175223699TunisiaJan 30, 20255.7534.42
    ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS2214239506EcuadorJul 31, 20300.0030.62
    ARGENTINA REPUBLIC OF GOVERNMENTUS040114HW38ArgentinaJul 09, 20461.5029.06
    UKRAINE (GOVERNMENT OF) RegSXS1303927179UkraineSep 01, 20290.0028.53
    PAKISTAN (ISLAMIC REPUBLIC OF) MTN RegSXS2419405274PakistanJan 31, 20297.9527.94
    PAKISTAN (ISLAMIC REPUBLIC OF) MTN RegSXS2322319638PakistanApr 08, 20317.3827.64
    ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS2214237807EcuadorJul 31, 20305.5026.71
    ARGENTINA REPUBLIC OF GOVERNMENTUS040114HT09ArgentinaJul 09, 20351.5026.35
    ARGENTINA REPUBLIC OF GOVERNMENTUS040114HU71ArgentinaJan 09, 20383.8826.27
    ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS2214238441EcuadorJul 31, 20352.5023.18
    ARGENTINA REPUBLIC OF GOVERNMENTUS040114HV54ArgentinaJul 09, 20413.5023.18
    UKRAINE REPUBLIC OF (GOVERNMENT) RegSXS1902171757UkraineNov 01, 20300.0023.13
    UKRAINE REPUBLIC OF (GOVERNMENT) RegSXS2010028699UkraineMay 21, 20310.0022.81
    BOLIVIA PLURINATIONAL STATE OF RegSUSP37878AC26BoliviaMar 20, 20284.5020.55
    EGYPT (ARAB REPUBLIC OF) MTN RegSXS1558078736EgyptJan 31, 20277.5020.15
    EGYPT (ARAB REPUBLIC OF) MTN RegSXS1245432742EgyptJun 11, 20255.8819.85
    ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS2214239175EcuadorJul 31, 20401.5019.82
    GHANA (REPUBLIC OF) RegSXS1297557412GhanaOct 14, 203010.7519.80
    EGYPT (ARAB REPUBLIC OF) MTN RegSXS1775618439EgyptFeb 21, 20286.5918.92
    EGYPT (ARAB REPUBLIC OF) MTN RegSXS1953057061EgyptMar 01, 20297.6018.71
    EGYPT (ARAB REPUBLIC OF) MTN RegSXS2391394348EgyptSep 30, 20275.8018.62


    Top 30 GEM Corporate Eurobonds by Yield

    NameISINcountryMaturityCouponYTW
    TURKIYE IS BANKASI AS RegSXS1623796072TurkeyJun 29, 20287.0050.00
    CIMPOR FINANCIAL OPERATIONS BV RegSUSN20137AD23BrazilJul 17, 20245.7550.00
    COUNTRY GARDEN HOLDINGS COMPANY LT RegSXS1750118462ChinaJan 17, 20255.1350.00
    COUNTRY GARDEN HOLDINGS CO LTD RegSXS2178949561ChinaMay 27, 20255.4050.00
    COUNTRY GARDEN HOLDINGS CO LTD RegSXS2240971742ChinaOct 22, 20253.1350.00
    ODEBRECHT OFFSHORE DRILLING FINANC RegSUSG6711KAD75BrazilDec 01, 20267.7250.00
    SINO-OCEAN LAND TREASURE IV LTD RegSXS2354271251ChinaJan 13, 20252.7050.00
    EASY TACTIC LTDXS2495358009ChinaJul 11, 20277.5050.00
    SINO-OCEAN LAND TREASURE FINANCE I RegSXS1163722587ChinaFeb 04, 20275.9550.00
    EASY TACTIC LTDXS2495355674ChinaJul 11, 20257.5050.00
    ATENTO LUXCO 1 SA RegSUSL0427PAD89BrazilFeb 10, 20268.0050.00
    EASY TACTIC LTDXS2495359403ChinaJul 11, 20287.5050.00
    TULLOW OIL PLC RegSUSG91237AA87GhanaMar 01, 20257.0049.41
    COUNTRY GARDEN HOLDINGS CO LTD RegSXS1974522937ChinaApr 08, 20267.2547.45
    COUNTRY GARDEN HOLDINGS CO LTD RegSXS2210960022ChinaFeb 06, 20264.2046.58
    VEDANTA RESOURCES PLC RegSUSG9328DAP53IndiaAug 09, 20246.1340.85
    SMC GLOBAL POWER HOLDINGS CORP RegSXS1896598908PhilippinesDec 31, 20796.5038.91
    UNIGEL LUXEMBOURG SA RegSUSL9467UAB37BrazilOct 01, 20268.7536.53
    ODEBRECHT DRILLING NORBE VIII/IX L RegSUSG67106AC18BrazilDec 01, 20267.3534.29
    RKPF OVERSEAS 2020 A LTD RegSXS2356173406ChinaJul 26, 20265.1332.78
    RIO ENERGY SA/UGEN SA/UENSA SA RegSUSP8S12UAA35ArgentinaFeb 01, 20256.8832.08
    ORIFLAME INVESTMENT HOLDING PLC RegSUSG67744AA34PolandMay 04, 20265.1330.07
    VEDANTA RESOURCES FINANCE II PLC RegSUSG9T27HAD62IndiaMar 11, 20258.9528.09
    ARAGVI FINANCE INTL RegSXS2326545204MoldovaApr 29, 20268.4525.30
    BANCO DO BRASIL (GRAND CAYMAN BRAN RegSUSG07402DP58BrazilDec 31, 20796.2524.75
    MHP LUX SA RegSXS1713469911UkraineApr 03, 20260.0024.58
    VEDANTA RESOURCES FINANCE II PLC RegSUSG9T27HAA24IndiaApr 23, 20269.2524.45
    LIQUID TELECOMMUNICATIONS FINANCIN RegSXS2278474924South AfricaSep 04, 20265.5024.20
    GLOBAL LOGISTIC PROPERTIES LTD RegSXS1242348164SingaporeJun 04, 20253.8824.15
    SMC GLOBAL POWER HOLDINGS CORP RegSXS2239056174PhilippinesDec 31, 20797.0023.18


    Top 30 GEM Local (reasonably rated) Currency Bonds by Yield

    NameISINcountryMaturityCouponYTW
    EGYPT (ARAB REPUBLIC OF)EGBGR02331F9EgyptSep 10, 202414.3523.94
    EGYPT (ARAB REPUBLIC OF)EGBGR03351F6EgyptSep 14, 202414.5323.92
    EGYPT (ARAB REPUBLIC OF)EGBGR02471F3EgyptJan 14, 202513.5422.95
    EGYPT (ARAB REPUBLIC OF)EGBGR03171F8EgyptApr 06, 202614.4822.46
    EGYPT (ARAB REPUBLIC OF)EGBGR02931F6EgyptOct 20, 202514.3722.46
    EGYPT (ARAB REPUBLIC OF)EGBGR03071F0EgyptJan 12, 202614.0622.45
    EGYPT (ARAB REPUBLIC OF)EGBGR02941F5EgyptOct 13, 202714.5622.45
    EGYPT (ARAB REPUBLIC OF)EGBGR03361F5EgyptJul 06, 202614.5622.45
    EGYPT (ARAB REPUBLIC OF)EGBGR03081F9EgyptJan 05, 202814.2922.45
    EGYPT (ARAB REPUBLIC OF)EGBGR02271F7EgyptMay 07, 202916.1022.40
    EGYPT (ARAB REPUBLIC OF)EGBGR02341F8EgyptSep 10, 202914.4022.39
    EGYPT (ARAB REPUBLIC OF)EGBGR02951F4EgyptOct 06, 203014.6622.19
    TURKEY (REPUBLIC OF)TRT240724T15TurkeyJul 24, 20249.0019.17
    TURKEY (REPUBLIC OF)TRT120325T12TurkeyMar 12, 20258.0016.03
    TURKEY (REPUBLIC OF)TRT240227T17TurkeyFeb 24, 202711.0015.37
    TURKEY (REPUBLIC OF)TRT020926T17TurkeySep 02, 202616.9015.34
    TURKEY (REPUBLIC OF)TRT200324T13TurkeyMar 20, 202410.4014.51
    BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BT66BrazilJan 05, 20248.5014.33
    TURKEY (REPUBLIC OF)TRT110226T13TurkeyFeb 11, 202610.6014.31
    TURKEY (REPUBLIC OF)TRT110827T16TurkeyAug 11, 202710.5014.27
    BRAZIL FEDERATIVE REPUBLIC OF (GOVBRSTNCLTN7S1BrazilJan 01, 20240.0013.12
    TURKEY (REPUBLIC OF)TRT011025T16TurkeyOct 01, 202512.6013.02
    HUNGARY (REPUBLIC OF)HU0000403068HungaryJun 26, 20243.0012.92
    SOUTH AFRICA (REPUBLIC OF)ZAG000106972South AfricaJan 31, 20448.7512.73
    SOUTH AFRICA (REPUBLIC OF)ZAG000125980South AfricaJan 31, 20409.0012.72
    SOUTH AFRICA (REPUBLIC OF)ZAG000096173South AfricaFeb 28, 20488.7512.67
    SOUTH AFRICA (REPUBLIC OF)ZAG000077488South AfricaFeb 28, 20416.5012.60
    SOUTH AFRICA (REPUBLIC OF)ZAG000107012South AfricaJan 31, 20378.5012.59
    SOUTH AFRICA (REPUBLIC OF)ZAG000030404South AfricaMar 31, 20366.2512.40
    SOUTH AFRICA (REPUBLIC OF)ZAG000125972South AfricaFeb 28, 20358.8812.35


    Big Country Table - Stance, Ratings and Datamine

    NCountryNaCountryStanceAvg Sovereign YieldSov. Yield Avg Wk Change btpsAvg Corporate YieldCorp. Yield Avg Wk Change btpsGDP GrowthTotal GDP $ bnGDP per capita PPP $Savings to GDPInflationPopulationCurrent Account to GDPBudget Revenue to GDPGov Debt to GDPBudget Balance to GDPSandP RatingMoodysFitchDgong
    AngolaAngolaOverweight17.60-1060.00-1.37488.98319.86220.97931.031-6.71920.881-0.534BB-Ba3BB-BB-
    ArgentinaArgentinaOverweight27.17-568.0024.60-80.00-5.719443.24918.308n/a45.551n/a34.18-0.689SDCaa1RDD
    AzerbaijanAzerbaijanOverweight4.22-208.007.22-319.00-2.18448.03827.7473.310.18-8.24937.653BBB-Baa3BBB-
    BrazilBrazilUnderweight4.719.008.79-72.00-5.3031893.0115.1683.01211.376-1.77130.73961.046-6.044BB+Baa3BBBA-
    ChileChileOverweight3.38-63.0010.2219.00-4.486308.50520.3522.519.458-0.86923.21410.834-1.408AA-Aa3A+AA
    ChinaChinaOverweight2.08-36.004.53-31.001.18115269.94243.4490.9531404.4550.54529.14-6.173AA-Aa3A+AA+
    ColombiaColombiaOverweight3.94-66.005.63-180.00-2.386343.17718.0693.19850.886-4.67226.55540.157-0.091BBBBaa2BBBBBB+
    Costa RicaCosta RicaUnderweight9.4658.00-3.29265.17916.23925.136-4.45514.588-5.507BBBaa3BB+
    C?te dIvoireCote D'Ivoire (Ivory Coast)Overweight6.91-109.00
    CroatiaCroatia (Hrvatska)Overweight2.49-136.00-9.02463.17222.3281.1264.038-3.98545.947n/a-0.322BB+Baa3BBBBBB-
    Dominican RepublicDominican RepublicUnderweight6.74-54.00-0.96596.29124.298310.472-5.23414.33343.699-4.388B+B1B
    EcuadorEcuadorOverweight36.14-1292.00-6.271109.44426.3140.13617.511-5.68437.1062.392B+Caa1BB-
    EgyptEgyptUnderweight7.41-235.001.952353.00315.0576.212101.493-4.25720.35875.676-7.091CCC+Caa1B-B-
    El SalvadorEl SalvadorUnderweight10.5387.00-5.4427.91813.7770.46.766-4.13621.295-3.411BB-Ba2BB-
    GabonGabonOverweight9.79-403.00-1.19617.62332.2932.108-8.37719.22BB-BB-
    GhanaGhanaUnderweight10.48-313.0021.09-1313.001.48769.75722.3279.93330.779-4.45315.36660.427BB+B
    HungaryHungaryOverweight2.53-51.00-3.1180.49827.1442.9889.738-0.12343.9357.983-2.405BBBa1BB+BBB-
    IndonesiaIndonesiaOverweight3.81-61.0010.90-158.000.4991204.8331.8873.092269.865-3.16914.42426.778-1.766BB+Baa3BBB-BBB-
    IraqIraqOverweight11.63-284.00-4.723232.74512.301140.132-21.66439.545
    KazakhstanKazakhstanOverweight4.11-108.0020.21-42.00-2.53182.62325.0678.09318.882-6.78921.118-14.293-0.02BBB+Baa2BBBBBB-
    KenyaKenyaUnderweight8.92-8.001.01109.12812.2244.550.722-4.55518.12457.969B+B+B
    LatviaLatviaUnderweight-8.60836.77122.4250.4961.925-2.16135.68227.417-0.689A-Baa1A-BB
    LebanonLebanonUnderweight0.00-227.00-12.01960.455-3.15617.4586.02-12.64222.865157.913-12.658BB1B
    LithuaniaLithuaniaUnderweight-8.08656.22520.429-0.2542.7626.01335.05623.9710.263A-Baa1A-BBB-
    MalaysiaMalaysiaOverweight3.62-73.003.24-36.00-1.7381.52325.0250.10633.221-0.09917.951-2.553A-A3A-A+
    MexicoMexicoUnderweight6.38-130.005.10-110.00-6.631322.48919.5022.435127.092-0.2822.30346.323-2.475AAAA3BBB+BBB
    MongoliaMongoliaOverweight10.139.00-114.67433.33763.363-10.20130.175BB-B1B+BB-
    MoroccoMoroccoUnderweight2.68-204.004.99-87.00-3.744124.53931.0650.335.952-7.7926.33964.287-3.525BBB-Ba1BBB-BBB
    PakistanPakistanUnderweight9.16-90.00-1.547n/a12.1139.758208.57-1.70616.25675.161B-Caa1CCC
    PanamaPanamaUnderweight3.14-49.005.81-205.00-2.0573.36933.606-14.279-6.817.86839.992-2.322BBBBaa2BBBA-
    ParaguayParaguayUnderweight5.08-96.006.37-193.00-142.82623.9213.0087.253-2.18617.94520.49-0.541BB-B1B+
    PeruPeruOverweight3.29-57.005.68-223.00-4.534240.17520.8781.57532.824-0.8720.21812.063-1.079BBB+A3BBB+BBB+
    PhilippinesPhilippinesOverweight2.54-65.005.27-48.000.648383.48227.2322.6110.041-2.25520.605-1.559BBBBaa3BBB-BBB
    PolandPolandUnderweight1.35-25.002.873.00-4.579606.7320.0472.14937.9490.15940.4442.505-2.825A-A2A-A-
    RomaniaRomaniaUnderweight3.82-35.00-5261.86816.6911.38819.521-5.50430.53830.404-4.015BBB-Baa3BBB-BB+
    RussiaRussian FederationOverweight2.89-122.003.67-190.00-5.4661657.53927.9193.793146.6180.70234.2070.164BB+Ba1BBB-A
    SerbiaSerbiaUnderweight-3.01655.43718.9911.556.937-6.13740.16347.6160.118BB-B1B+BB-
    Slovak RepublicSlovak RepublicOverweight-6.2111.87422.2670.3965.459-2.98539.465-1.135
    South AfricaSouth AfricaUnderweight7.13-176.007.55-750.00-5.801369.85414.027059.720.15829.12860.276-4.94BBB-Baa1BBBA
    Sri LankaSri LankaUnderweight26.39582.00-0.53692.11125.9714.522.184-3.63113.978B+B1BB-B+
    TurkeyTurkeyUnderweight7.29-69.008.11-249.00-4.998813.8125.1731284.040.38630.48624.882-5.14BB+Baa3BBB-BB-
    UkraineUkraineUnderweight7.53-329.0012.13-982.00-7.731161.87216.2917.67641.702-2.01537.666-2.508BBB-Caa1CCCB-
    UruguayUruguayUnderweight3.27-54.00-362.91718.76883.531-2.49130.57253.173-3.92BBB-Baa2BBB-BB+
    VenezuelaVenezuelaUnderweight0.000.00-1562.921n/a15,000.0025.922.41n/aBB2B+BB+
    VietnamVietnamUnderweight3.45-235.006.10-271.002.7284.84728.167296.4070.72723.287BB-B1B+B+
    ZambiaZambiaOverweight36.26156.0010.99-261.00-3.50723.34236.8312.718.882-1.99719.70982.437B+B+
    Hong KongHong KongUnderweight3.87-10.00AAAAa1AA+AAA
    IndiaIndiaUnderweight3.82-85.007.48-230.001.8713202.18329.4842.7341369.557-0.59219.696-7.047BBB-Baa3BBB-BBB+
    IsraelIsraelUnderweight5.20-102.00-6.288410.50124.312-1.59.233.54535.8759.693-3.789A+A1AA-
    JamaicaJamaicaUnderweight6.91-23.0035.81-585.00-5.60516.47416.0534.92.891-7.83429.066CCC+B3B-
    KoreaKorea (South)Overweight2.793.00-1.1781626.55333.484-0.352.0564.94622.60316.897-0.338
    QatarQatarOverweight2.61-86.002.94-148.00-4.345195.22553.7662.76-1.9236.437AAAa2AA-
    SingaporeSingaporeOverweight3.5627.00-3.47369.62743.689-0.4375.70214.82218.5890.518AAAAaaAAAAAA
    ThailandThailandUnderweight3.679.00-6.662557.30930.712-1.05768.0165.16521.4170.053BBB+Baa1BBB+BBB
    United Arab EmiratesUnited Arab EmiratesOverweight2.66-97.005.20-150.00-3.492414.0237.728-111.0771.5228.401Aa2BBB+


    Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly

    BondCountryYieldYield Change % pts
    CANADA (GOVERNMENT OF) 25Canada5.350.79
    UK CONV GILT 0.375 10/22/26 RegS 26United Kingdom4.400.59
    CANADA (GOVERNMENT OF) 24Canada4.570.58
    CANADA (GOVERNMENT OF) 25Canada4.430.57
    UK CONV GILT RegS 25United Kingdom4.460.57
    UK CONV GILT RegS 26United Kingdom4.250.56
    UK CONV GILT RegS 25United Kingdom4.340.56
    CANADA (GOVERNMENT OF) 24Canada4.530.56
    UK CONV GILT RegS 25United Kingdom4.750.55
    CANADA (GOVERNMENT OF) 25Canada4.290.55
    UK CONV GILT RegS 26United Kingdom4.270.55
    CANADA (GOVERNMENT OF) 24Canada4.600.55
    UNITED KINGDOM OF GREAT BRITAIN AN RegS 27United Kingdom4.500.54
    UK CONV GILT RegS 27United Kingdom4.220.54
    UK CONV GILT RegS 25United Kingdom4.630.54
    CANADA (GOVERNMENT OF) 25Canada4.170.54
    UK CONV GILT RegS 27United Kingdom4.190.53
    CANADA (GOVERNMENT OF) 26Canada3.780.53
    UK CONV GILT RegS 28United Kingdom4.160.52
    CANADA (GOVERNMENT OF) 25Canada4.110.51


    Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly

    BondCountryYieldYield Change % pts
    ITALY (REPUBLIC OF) 33Italy4.01-0.22
    ITALY (REPUBLIC OF) RegS 31Italy3.75-0.21
    ITALY (REPUBLIC OF) 35Italy4.17-0.21
    ITALY (REPUBLIC OF) 32Italy3.82-0.21
    ITALY (REPUBLIC OF) 31Italy3.82-0.21
    ITALY (REPUBLIC OF) 38Italy4.31-0.21
    ITALY (REPUBLIC OF) RegS 31Italy3.74-0.20
    ITALY (REPUBLIC OF) 34Italy4.14-0.20
    ITALY (REPUBLIC OF) 38Italy4.29-0.20
    ITALY (REPUBLIC OF) RegS 32Italy3.92-0.20
    ITALY (REPUBLIC OF) RegS 32Italy3.86-0.20
    ITALY (REPUBLIC OF) 40Italy4.35-0.20
    ITALY (REPUBLIC OF) RegS 33Italy3.99-0.19
    ITALY (REPUBLIC OF) 30Italy3.75-0.19
    ITALY (REPUBLIC OF) 40Italy4.38-0.19
    ITALY (REPUBLIC OF) RegS 30Italy3.71-0.19
    ITALY (REPUBLIC OF) RegS 33Italy3.98-0.19
    ITALY (REPUBLIC OF) 31Italy3.79-0.19
    ITALY (REPUBLIC OF) 36Italy4.19-0.19
    ITALY (REPUBLIC OF) 41Italy4.32-0.19


    Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)

    BondCountryYieldYield Change %pts
    RADIOLOGY PARTNERS INC 144A 28United States48.529.93
    ALTICE FRANCE HOLDING SA RegS 27Luxembourg26.666.50
    ALTICE FRANCE HOLDING SA 144A 27Luxembourg28.855.28
    HEIMSTADEN AB RegS 26Sweden27.434.78
    ALTICE FRANCE HOLDING SA RegS 28Luxembourg21.834.52
    ALTICE FRANCE HOLDING SA 144A 28Luxembourg24.813.98
    MALLINCKRODT INTERNATIONAL FINANCE 144A 25United States26.103.59
    CSC HOLDINGS LLC 144A 28United States23.713.27
    CSC HOLDINGS LLC 24United States12.303.24
    AMC NETWORKS INC 29United States16.583.17
    LIFEPOINT HEALTH INC 144A 29United States20.862.84
    CHS/COMMUNITY HEALTH SYSTEMS INC 144A 28United States21.772.81
    CANARY WHARF GROUP INVESTMENT HOLD RegS 25United Kingdom16.202.44
    LIFEPOINT HEALTH INC 144A 27United States12.902.41
    FASTIGHETS AB BALDER RegS 81Sweden21.982.24
    LIFEPOINT HEALTH INC 144A 25United States12.272.03
    AMC NETWORKS INC 25United States10.721.93
    CANARY WHARF GROUP INVESTMENT HOLD RegS 26United Kingdom13.611.78
    CHS/COMMUNITY HEALTH SYSTEMS INC 144A 30United States17.541.77
    MAXEDA DIY HOLDING BV RegS 26Netherlands18.341.76


    Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)

    BondCountryYieldYield Change %pts
    SHUTTERFLY LLC 144A 26United States29.83-11.00
    KLEOPATRA HOLDINGS 2 SCA RegS 26Luxembourg19.86-8.30
    TELE COLUMBUS AG RegS 25Germany20.95-7.28
    DISH DBS CORP 26United States26.95-6.49
    SABRE GLBL INC 144A 25United States11.78-5.70
    VERSCEND ESCROW CORP 144A 26United States3.44-5.69
    RACKSPACE TECHNOLOGY GLOBAL INC 144A 28United States39.46-5.35
    QVC INC 27United States19.37-5.24
    DISH DBS CORP 28United States22.60-4.67
    DISH DBS CORP 24United States15.78-4.66
    PIRAEUS FINANCIAL HOLDINGS SA MTN RegS 30Greece11.18-4.57
    VIVION INVESTMENTS SARL RegS 24Luxembourg26.91-4.39
    VIKING CRUISES LTD 144A 25United States4.04-4.08
    DIVERSIFIED HEALTHCARE TRUST 28United States14.06-3.84
    QVC INC 28United States16.09-3.66
    BAUSCH HEALTH COMPANIES INC 144A 25United States10.60-3.58
    DISH DBS CORP 29United States20.20-3.50
    ALPHA SERVICES AND HOLDINGS SA RegS 31Greece10.04-3.47
    EG GLOBAL FINANCE PLC 144A 25United Kingdom8.28-3.25
    LA FINANCIERE ATALIAN SAS RegS 24France41.57-2.81


    Top 30 DM Souvereign Eurobonds by Yield

    NameISINcountryMaturityCouponYTW
    CANADA (GOVERNMENT OF)CA135087N340CanadaApr 01, 20251.505.35
    NEW ZEALAND (GOVERNMENT OF)NZGOVDT425C5New ZealandApr 15, 20252.754.85
    UK CONV GILT RegSGB00BLPK7110United KingdomJan 31, 20250.254.75
    UK CONV GILT RegSGB00BHBFH458United KingdomSep 07, 20242.754.72
    UK CONV GILT RegSGB0030880693United KingdomMar 07, 20255.004.63
    BLK CSH FND TREASURY SL AGENCYUS0669224778United States-5.154.62
    CANADA (GOVERNMENT OF)CA135087J967CanadaSep 01, 20241.504.60
    NEW ZEALAND (GOVERNMENT OF)NZGOVDT541C9New ZealandMay 15, 20411.754.58
    CANADA (GOVERNMENT OF)CA135087P402CanadaNov 01, 20243.004.57
    CANADA (GOVERNMENT OF)CA135087M508CanadaOct 01, 20240.754.53
    UNITED KINGDOM OF GREAT BRITAIN AN RegSGB00BL6C7720United KingdomJan 29, 20274.134.50
    NEW ZEALAND (GOVERNMENT OF)NZGOVDT437C0New ZealandApr 15, 20372.754.50
    UK CONV GILT RegSGB00B128DP45United KingdomDec 07, 20464.254.49
    UK CONV GILT RegSGB00B84Z9V04United KingdomJan 22, 20443.254.48
    UK CONV GILT RegSGB00BN65R313United KingdomJan 22, 20453.504.48
    UK CONV GILT RegSGB00BDCHBW80United KingdomJul 22, 20471.504.48
    UK CONV GILT RegSGB00B39R3707United KingdomDec 07, 20494.254.48
    NEW ZEALAND (GOVERNMENT OF)NZGOVDT551C8New ZealandMay 15, 20512.754.47
    UK CONV GILT RegSGB00BPCJD997United KingdomOct 22, 20533.754.47
    ITALY (REPUBLIC OF)IT0004923998ItalySep 01, 20444.754.46
    UK CONV GILT RegSGB00BFWFPP71United KingdomJan 22, 20491.754.46
    UK CONV GILT RegSGB00BNNGP775United KingdomJan 31, 20460.884.46
    UK CONV GILT RegSGB00BTHH2R79United KingdomSep 07, 20252.004.46
    NEW ZEALAND (GOVERNMENT OF)NZGOVDT526C0New ZealandMay 15, 20260.504.45
    UK CONV GILT RegSGB00B6RNH572United KingdomJul 22, 20523.754.45
    ITALY (REPUBLIC OF)IT0005363111ItalySep 01, 20493.854.45
    UK CONV GILT RegSGB00B1VWPJ53United KingdomDec 07, 20424.504.44
    BUONI POLIENNALI DEL TESOROIT0005217390ItalyMar 01, 20672.804.44
    UK CONV GILT RegSGB00BLH38158United KingdomJul 31, 20511.254.43
    CANADA (GOVERNMENT OF)CA135087P659CanadaFeb 01, 20253.754.43


    Top 30 DM Corporate Eurobonds by Yield

    NameISINcountryMaturityCouponYTW
    VIA CELERE DESARROLLOS INMOBILIARI RegSXS2321651031SpainApr 01, 20265.2550.00
    CASINO GUICHARD PERRACHON SA MTN RegSFR0012369122FranceFeb 07, 20253.5850.00
    CASINO GUICHARD PERRACHON SA RegSXS2328426445FranceApr 15, 20275.2550.00
    CURO GROUP HOLDINGS CORP 144AUS23131LAE74United StatesAug 01, 20287.5050.00
    WOLVERINE ESCROW LLC 144AUS97789LAB27United StatesNov 15, 20269.0050.00
    WOLVERINE ESCROW LLC 144AUS97789LAC00United StatesNov 15, 20248.5050.00
    AUDACY CAPITAL CORP 144AUS29365DAB55United StatesMar 31, 20296.7550.00
    AUDACY CAPITAL CORP 144AUS29365DAA72United StatesMay 01, 20276.5050.00
    RADIOLOGY PARTNERS INC 144AUS75041VAA26United StatesFeb 01, 20289.2548.52
    LA FINANCIERE ATALIAN SAS RegSXS1605600532FranceMay 15, 20244.0041.57
    RACKSPACE TECHNOLOGY GLOBAL INC 144AUS750098AA35United StatesDec 01, 20285.3839.46
    RITE AID CORPORATION 144AUS767754CL62United StatesNov 15, 20268.0030.78
    SHUTTERFLY LLC 144AUS719245AD47United StatesOct 01, 20268.5029.83
    ALTICE FRANCE HOLDING SA 144AUS02156TAB08LuxembourgMay 15, 202710.5028.85
    HEIMSTADEN AB RegSSE0015657903SwedenMar 09, 20264.2527.43
    STAPLES INC 144AUS855030AP77United StatesApr 15, 202710.7527.05
    DISH DBS CORPUS25470XAY13United StatesJul 01, 20267.7526.95
    VIVION INVESTMENTS SARL RegSXS2031925840LuxembourgAug 08, 20243.0026.91
    ALTICE FRANCE HOLDING SA RegSXS2138128314LuxembourgMay 15, 20278.0026.66
    RACKSPACE TECHNOLOGY GLOBAL INC 144AUS750098AB18United StatesFeb 15, 20283.5026.16
    MALLINCKRODT INTERNATIONAL FINANCE 144AUS561233AG28United StatesApr 15, 202510.0026.10
    IHEARTCOMMUNICATIONS INCUS45174HBD89United StatesMay 01, 20278.3825.10
    BAUSCH HEALTH COMPANIES INC 144AUS071734AK34United StatesFeb 15, 20296.2524.94
    ALTICE FRANCE HOLDING SA 144AUS02156TAA25LuxembourgFeb 15, 20286.0024.81
    LUMEN TECHNOLOGIES INC 144AUS156700BD72United StatesJan 15, 20294.5024.78
    GARFUNKELUX HOLDCO 3 SA RegSXS2250155467LuxembourgNov 01, 20257.7524.03
    CSC HOLDINGS LLC 144AUS126307AY37United StatesApr 01, 20287.5023.71
    RADIATE HOLDCO LLC / RADIATE FINAN 144AUS75026JAE01United StatesSep 15, 20286.5023.14
    DISH DBS CORPUS25470XBB01United StatesJul 01, 20287.3822.60
    VERITAS US INC 144AUS92346LAE39United StatesSep 01, 20257.5022.37

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