Chart: Sukuk issuance from key markets in H1, 2016 rose 11 percent compared to a year earlier... and even 2 Sukuks will be included with JPM Sov. EMBI

Source: S&P, ML, Zawya
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) WeeklyBondUKRAINE (GOVERNMENT OF) RegS 20UKRAINE (GOVERNMENT OF) RegS 21UKRAINE (GOVERNMENT OF) RegS 22UKRAINE (GOVERNMENT OF) RegS 19
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners) BondVENEZUELA (BOLVARIAN REPUBLIC OF) RegS 18VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19PETROLEOS DE VENEZUELA SA RegS 22VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers) BondSAMARCO MINERACAO SA RegS 22PETROLEOS MEXICANOS 18VNESHECONOMBANK MTN RegS 25CAIXA ECONOMICA FEDERAL RegS 17
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) WeeklyBondODEBRECHT DRILL VIII/IX RegS 21PETROLEOS DE VENEZUELA SA RegS 17PETROLEOS DE VENEZUELA SA RegS 22PETROLEOS DE VENEZUELA SA MTN RegS 21
Country Average Sovereign Yield Change USD Eurobonds Weekly CountryUkraineRussian FederationCroatia (Hrvatska)South AfricaChile
Country Average Corporate Yield Change USD Eurobonds Weekly CountrySouth AfricaRussian FederationArgentinaUnited StatesPeru
Top 30 GEM Souvereign Eurobonds by Yield NameVENEZUELA (BOLVARIAN REPUBLIC OF) RegSVENEZUELA (BOLVARIAN REPUBLIC OF) RegSPETROLEOS DE VENEZUELA SA MTN RegS
Top 30 GEM Corporate Eurobonds by YieldNameODEBRECHT DRILL VIII/IX RegSPETROLEOS DE VENEZUELA SA RegSPETROLEOS DE VENEZUELA SA MTN RegS
Top 30 GEM Local (reasonably rated) Currency Bonds by YieldNameBRAZIL FEDERATIVE REPUBLIC OF (GOBRAZIL FEDERATIVE REPUBLIC OF (GOBRAZIL FEDERATIVE REPUBLIC OF (GOV
Big Country Table - Stance, Ratings and DatamineTop 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
| Bond | Country | Yield | Yield Change % pts |
| UKRAINE (GOVERNMENT OF) RegS 20 | Ukraine | 8.46 | 0.57 |
| UKRAINE (GOVERNMENT OF) RegS 21 | Ukraine | 8.43 | 0.47 |
| UKRAINE (GOVERNMENT OF) RegS 22 | Ukraine | 8.45 | 0.46 |
| UKRAINE (GOVERNMENT OF) RegS 19 | Ukraine | 8.32 | 0.43 |
| UKRAINE (GOVERNMENT OF) RegS 23 | Ukraine | 8.44 | 0.36 |
| UKRAINE (GOVERNMENT OF) RegS 24 | Ukraine | 8.44 | 0.35 |
| UKRAINE (GOVERNMENT OF) RegS 26 | Ukraine | 8.45 | 0.33 |
| CAIXA ECONOMICA FEDERAL MTN RegS 18 | Brazil | 4.44 | 0.31 |
| UKRAINE (GOVERNMENT OF) RegS 25 | Ukraine | 8.44 | 0.30 |
| UKRAINE (GOVERNMENT OF) RegS 27 | Ukraine | 8.45 | 0.30 |
| ARGENTINA REPUBLIC OF GOVERNMENT RegS 19 | Argentina | 3.49 | 0.21 |
| ESKOM HOLDINGS SOC LTD MTN RegS 23 | South Africa | 5.74 | 0.17 |
| VEB FINANCE LTD RegS 20 | Russian Federation | 4.50 | 0.16 |
| ESKOM HOLDINGS SOC LTD MTN RegS 25 | South Africa | 6.24 | 0.14 |
| RUSSIAN FEDERATION (GOVERNMENT) RegS 20 | Russian Federation | 3.02 | 0.13 |
| VEB FINANCE PLC MTN RegS 23 | Russian Federation | 5.13 | 0.12 |
| VEB FINANCE PLC RegS 22 | Russian Federation | 4.89 | 0.12 |
| PETROLEOS MEXICANOS MTN 20 | Mexico | 3.28 | 0.12 |
| TURKEY (REPUBLIC OF) 26 | Turkey | 4.41 | 0.10 |
| TURKEY (REPUBLIC OF) 26 | Turkey | 4.44 | 0.10 |
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
| Bond | Country | Yield | Yield Change %pts |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 18 | Venezuela | 38.18 | -2.24 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19 | Venezuela | 36.42 | -2.02 |
| PETROLEOS DE VENEZUELA SA RegS 22 | Venezuela | 31.98 | -1.86 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20 | Venezuela | 29.78 | -1.68 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22 | Venezuela | 32.29 | -1.54 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS 31 | Venezuela | 25.00 | -1.46 |
| PETROLEOS DE VENEZUELA SA MTN RegS 21 | Venezuela | 32.59 | -1.44 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 23 | Venezuela | 27.32 | -1.41 |
| VENEZUELA (BOLIVARIAN REPUBLIC OF) RegS 24 | Venezuela | 24.47 | -1.28 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS 26 | Venezuela | 26.27 | -1.25 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 25 | Venezuela | 23.15 | -1.22 |
| PETROLEOS DE VENEZUELA SA RegS 24 | Venezuela | 27.01 | -1.19 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 28 | Venezuela | 22.91 | -1.17 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) 34 | Venezuela | 21.64 | -1.14 |
| PETROLEOS DE VENEZUELA SA RegS 26 | Venezuela | 22.77 | -1.05 |
| VENEZUELA (BOLIVARIAN REPUBLIC OF) 27 | Venezuela | 21.68 | -1.04 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 38 | Venezuela | 17.58 | -0.99 |
| MONGOLIA (GOVERNMENT) RegS 22 | Mongolia | 7.23 | -0.98 |
| ECUADOR REPUBLIC OF (GOVERNMENT) RegS 20 | Ecuador | 9.61 | -0.80 |
| PETROLEOS DE VENEZUELA SA RegS 27 | Venezuela | 20.34 | -0.74 |
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
| Bond | Country | Yield | Yield Change %pts |
| SAMARCO MINERACAO SA RegS 22 | Brazil | 25.06 | 0.53 |
| PETROLEOS MEXICANOS 18 | Mexico | 2.42 | 0.25 |
| VNESHECONOMBANK MTN RegS 25 | Russian Federation | 5.45 | 0.17 |
| CAIXA ECONOMICA FEDERAL RegS 17 | Brazil | 3.56 | 0.15 |
| YPF SA RegS 21 | Argentina | 6.34 | 0.15 |
| EMPRESA NACIONAL DE TELECOMUNICACI RegS 24 | Chile | 4.38 | 0.14 |
| VEB FINANCE LTD RegS 20 | Russian Federation | 4.47 | 0.14 |
| ESKOM HOLDINGS LTD RegS 21 | South Africa | 5.11 | 0.12 |
| CENCOSUD SA RegS 21 | Chile | 3.10 | 0.11 |
| GAZ CAPITAL (GAZPROM) MTN RegS 22 | Russian Federation | 4.31 | 0.09 |
| VIMPELCOM HOLDINGS NV RegS 22 | Russian Federation | 4.75 | 0.08 |
| VTB CAPITAL SA MTN RegS 18 | Russian Federation | 3.33 | 0.06 |
| ITAU UNIBANCO HOLDING SA RegS 20 | Brazil | 4.12 | 0.06 |
| BANCO NACIONAL DE DESENVOLVIMENTO RegS 20 | Brazil | 3.83 | 0.06 |
| MARFRIG OVERSEAS LTD RegS 20 | Brazil | 8.45 | 0.06 |
| MYRIAD INTERNATIONAL HLDG BV RegS 20 | South Africa | 3.19 | 0.05 |
| EVRAZ GROUP SA RegS 21 | Russian Federation | 6.04 | 0.05 |
| BANK OF CHINA LTD / HONG KONG MTN RegS 25 | China | 2.88 | 0.05 |
| CITIC PACIFIC LTD MTN RegS 21 | China | 2.48 | 0.05 |
| GAZ CAPITAL SA RegS 19 | Russian Federation | 3.44 | 0.05 |
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
| Bond | Country | Yield | Yield Change %pts |
| ODEBRECHT DRILL VIII/IX RegS 21 | Brazil | 73.94 | -14.36 |
| PETROLEOS DE VENEZUELA SA RegS 17 | Venezuela | 60.31 | -6.47 |
| PETROLEOS DE VENEZUELA SA RegS 22 | Venezuela | 32.06 | -1.78 |
| PETROLEOS DE VENEZUELA SA MTN RegS 21 | Venezuela | 32.35 | -1.48 |
| PETROLEOS DE VENEZUELA SA RegS 24 | Venezuela | 26.69 | -1.06 |
| PETROLEOS DE VENEZUELA SA RegS 35 | Venezuela | 22.01 | -0.99 |
| PETROLEOS DE VENEZUELA SA RegS 26 | Venezuela | 22.77 | -0.83 |
| PETROLEOS DE VENEZUELA SA RegS 27 | Venezuela | 20.41 | -0.80 |
| PETROLEOS DE VENEZUELA SA RegS 37 | Venezuela | 16.70 | -0.80 |
| CSN RESOURCES SA RegS 20 | Brazil | 18.27 | -0.42 |
| VEDANTA RESOURCES PLC RegS 21 | India | 9.16 | -0.40 |
| ECOPETROL SA 25 | Colombia | 4.39 | -0.36 |
| PETROBRAS GLOBAL FINANCE BV 19 | Brazil | 4.84 | -0.35 |
| PETROBRAS GLOBAL FINANCE BV 26 | Brazil | 7.23 | -0.33 |
| GERDAU HOLDINGS INC RegS 20 | Brazil | 4.60 | -0.32 |
| SOUTHERN PERU COPPER 35 | Mexico | 5.74 | -0.26 |
| VALE OVERSEAS LIMITED 22 | Brazil | 4.64 | -0.26 |
| PETROBRAS GLOBAL FINANCE BV 24 | Brazil | 6.55 | -0.25 |
| PERTAMINA PERSERO PT MTN RegS 43 | Indonesia | 5.10 | -0.24 |
| RELIANCE HOLDINGS USA INC RegS 22 | India | 2.75 | -0.23 |
Country Average Sovereign Yield Change USD Eurobonds Weekly
| Country | Average Yield | Yield Average change % pts |
| Ukraine | 8.43 | 0.40 |
| Russian Federation | 4.03 | 0.06 |
| Croatia (Hrvatska) | 3.75 | 0.05 |
| South Africa | 4.04 | 0.02 |
| Chile | 2.59 | 0.01 |
| Serbia | 3.60 | 0.01 |
| Turkey | 4.49 | 0.01 |
| Philippines | 2.39 | 0.00 |
| United States | 0.51 | 0.00 |
| Romania | 3.13 | -0.02 |
| Poland | 2.13 | -0.03 |
| China | 2.40 | -0.04 |
| Vietnam | 3.57 | -0.06 |
| Malaysia | 3.54 | -0.07 |
| Lebanon | 6.36 | -0.07 |
| Uruguay | 3.72 | -0.07 |
| Morocco | 2.90 | -0.08 |
| Dominican Republic | 4.85 | -0.08 |
| Hungary | 3.21 | -0.08 |
| Kazakhstan | 4.39 | -0.09 |
| Pakistan | 5.41 | -0.09 |
| Mexico | 3.80 | -0.09 |
| Egypt | 5.73 | -0.10 |
| Brazil | 4.41 | -0.10 |
| Slovak Republic | 1.63 | -0.10 |
| Paraguay | 5.05 | -0.10 |
| Argentina | 5.86 | -0.11 |
| Costa Rica | 5.80 | -0.11 |
| Jamaica | 5.27 | -0.11 |
| Indonesia | 3.64 | -0.11 |
| Peru | 3.27 | -0.12 |
| Colombia | 3.47 | -0.12 |
| Panama | 2.77 | -0.12 |
| El Salvador | 7.26 | -0.12 |
| Sri Lanka | 5.01 | -0.12 |
| Cote D'Ivoire (Ivory Coast) | 5.68 | -0.13 |
| Lithuania | 2.04 | -0.14 |
| Azerbaijan | 4.74 | -0.16 |
| Angola | 9.62 | -0.17 |
| Oman | 3.75 | -0.22 |
| Kenya | 7.00 | -0.23 |
| Ethiopia | 6.90 | -0.25 |
| Gabon | 7.41 | -0.28 |
| Ghana | 9.57 | -0.28 |
| Iraq | 9.42 | -0.35 |
| Ecuador | 9.91 | -0.42 |
| Tunisia | 5.96 | -0.43 |
| Zambia | 9.05 | -0.63 |
| Mongolia | 7.23 | -0.98 |
| Venezuela | 26.04 | -1.29 |
Country Average Corporate Yield Change USD Eurobonds Weekly
| Country | Average Yield | Yield Average change % pts |
| South Africa | 4.19 | 0.06 |
| Russian Federation | 3.98 | 0.04 |
| Argentina | 6.37 | 0.02 |
| United States | 0.51 | 0.00 |
| Peru | 3.11 | 0.00 |
| Philippines | 2.35 | -0.01 |
| China | 3.11 | -0.03 |
| Chile | 3.30 | -0.03 |
| Korea (South) | 2.10 | -0.04 |
| Malaysia | 2.15 | -0.04 |
| Israel | 3.16 | -0.04 |
| Thailand | 2.15 | -0.05 |
| Turkey | 4.90 | -0.07 |
| Qatar | 2.45 | -0.07 |
| Mexico | 4.22 | -0.09 |
| United Arab Emirates | 2.97 | -0.09 |
| India | 3.73 | -0.10 |
| Kazakhstan | 7.20 | -0.16 |
| Morocco | 4.11 | -0.17 |
| Indonesia | 4.04 | -0.17 |
| Colombia | 4.76 | -0.17 |
| Azerbaijan | 4.99 | -0.18 |
| Jamaica | 10.74 | -0.19 |
| Brazil | 8.30 | -0.47 |
| Venezuela | 29.16 | -1.78 |
Top 30 GEM Souvereign Eurobonds by Yield
| Name | ISIN | country | Maturity | Coupon | YTW |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP97475AD26 | Venezuela | Dec 1, 2018 | 7.00 | 38.18 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP97475AN08 | Venezuela | Oct 13, 2019 | 7.75 | 36.42 |
| PETROLEOS DE VENEZUELA SA MTN RegS | USP7807HAP03 | Venezuela | Nov 17, 2021 | 9.00 | 32.59 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS | USP17625AC16 | Venezuela | Aug 23, 2022 | 12.75 | 32.29 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAM71 | Venezuela | Feb 17, 2022 | 12.75 | 31.98 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP97475AG56 | Venezuela | Dec 9, 2020 | 6.00 | 29.78 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP17625AA59 | Venezuela | May 7, 2023 | 9.00 | 27.32 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAT25 | Venezuela | May 16, 2024 | 6.00 | 27.01 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS | USP17625AE71 | Venezuela | Oct 21, 2026 | 11.75 | 26.27 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS | USP17625AD98 | Venezuela | Aug 5, 2031 | 11.95 | 25.00 |
| VENEZUELA (BOLIVARIAN REPUBLIC OF) RegS | USP97475AP55 | Venezuela | Oct 13, 2024 | 8.25 | 24.47 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | XS0217249126 | Venezuela | Apr 21, 2025 | 7.65 | 23.15 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP17625AB33 | Venezuela | May 7, 2028 | 9.25 | 22.91 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAR68 | Venezuela | Nov 15, 2026 | 6.00 | 22.77 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAQ85 | Venezuela | May 17, 2035 | 9.75 | 22.30 |
| VENEZUELA (BOLIVARIAN REPUBLIC OF) | US922646AS37 | Venezuela | Sep 15, 2027 | 9.25 | 21.68 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) | US922646BL74 | Venezuela | Jan 13, 2034 | 9.38 | 21.64 |
| PETROLEOS DE VENEZUELA SA RegS | XS0294364954 | Venezuela | Apr 12, 2027 | 5.38 | 20.34 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP97475AJ95 | Venezuela | Mar 31, 2038 | 7.00 | 17.58 |
| PETROLEOS DE VENEZUELA SA RegS | XS0294367205 | Venezuela | Apr 12, 2037 | 5.50 | 17.02 |
| ECUADOR (REPUBLIC OF) RegS | XS1080330704 | Ecuador | Jun 20, 2024 | 7.95 | 10.21 |
| GHANA (REPUBLIC OF) RegS | XS1108847531 | Ghana | Jan 18, 2026 | 8.13 | 9.65 |
| ANGOLA (REPUBLIC OF) RegS | XS1318576086 | Angola | Nov 12, 2025 | 9.50 | 9.62 |
| ECUADOR REPUBLIC OF (GOVERNMENT) RegS | XS1199929826 | Ecuador | Mar 24, 2020 | 10.50 | 9.61 |
| GHANA (REPUBLIC OF) RegS | XS0956935398 | Ghana | Aug 7, 2023 | 7.88 | 9.49 |
| IRAQ (REPUBLIC OF) RegS | XS0240295575 | Iraq | Jan 15, 2028 | 5.80 | 9.42 |
| ZAMBIA (REPUBLIC OF) RegS | XS1267081575 | Zambia | Jul 30, 2027 | 8.97 | 9.24 |
| ZAMBIA (REPUBLIC OF) RegS | XS1056386714 | Zambia | Apr 14, 2024 | 8.50 | 8.86 |
| UKRAINE (GOVERNMENT OF) RegS | XS1303918939 | Ukraine | Sep 1, 2020 | 7.75 | 8.46 |
| UKRAINE (GOVERNMENT OF) RegS | XS1303927179 | Ukraine | Sep 1, 2027 | 7.75 | 8.45 |
Top 30 GEM Corporate Eurobonds by Yield
| Name | ISIN | country | Maturity | Coupon | YTW |
| ODEBRECHT DRILL VIII/IX RegS | USG67106AA51 | Brazil | Jun 30, 2021 | 6.35 | 73.94 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAK16 | Venezuela | Nov 2, 2017 | 8.50 | 60.31 |
| PETROLEOS DE VENEZUELA SA MTN RegS | USP7807HAP03 | Venezuela | Nov 17, 2021 | 9.00 | 32.35 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAM71 | Venezuela | Feb 17, 2022 | 12.75 | 32.06 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAT25 | Venezuela | May 16, 2024 | 6.00 | 26.69 |
| SAMARCO MINERACAO SA RegS | USP84050AA46 | Brazil | Nov 1, 2022 | 4.13 | 25.06 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAR68 | Venezuela | Nov 15, 2026 | 6.00 | 22.77 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAQ85 | Venezuela | May 17, 2035 | 9.75 | 22.01 |
| PETROLEOS DE VENEZUELA SA RegS | XS0294364954 | Venezuela | Apr 12, 2027 | 5.38 | 20.41 |
| CSN RESOURCES SA RegS | USL21779AA88 | Brazil | Jul 21, 2020 | 6.50 | 18.27 |
| PETROLEOS DE VENEZUELA SA RegS | XS0294367205 | Venezuela | Apr 12, 2037 | 5.50 | 16.70 |
| KAZKOMMERTSBANK JSC RegS | XS0867478124 | Kazakhstan | Dec 21, 2022 | 5.50 | 12.75 |
| DIGICEL GROUP LTD RegS | USG27631AD56 | Jamaica | Sep 30, 2020 | 8.25 | 10.74 |
| VEDANTA RESOURCES PLC RegS | USG9328DAG54 | India | Jun 7, 2021 | 8.25 | 9.16 |
| MARFRIG OVERSEAS LTD RegS | USG5814RAB45 | Brazil | May 4, 2020 | 9.50 | 8.45 |
| PETROBRAS GLOBAL FINANCE BV | US71647NAN93 | Brazil | Jun 5, 2115 | 6.85 | 8.18 |
| PETROBRAS GLOBAL FINANCE BV | US71647NAK54 | Brazil | Mar 17, 2044 | 7.25 | 7.84 |
| PETROBRAS GLOBAL FINANCE BV | US71645WAQ42 | Brazil | Jan 20, 2040 | 6.88 | 7.80 |
| PETROBRAS GLOBAL FINANCE BV | US71645WAS08 | Brazil | Jan 27, 2041 | 6.75 | 7.79 |
| PETROBRAS GLOBAL FINANCE BV | US71647NAA72 | Brazil | May 20, 2043 | 5.63 | 7.34 |
| YPF SA RegS | USP989MJBE04 | Argentina | Jul 28, 2025 | 8.50 | 7.27 |
| PETROBRAS GLOBAL FINANCE BV | US71647NAQ25 | Brazil | May 23, 2026 | 8.75 | 7.23 |
| YPF SA RegS | USP989MJAY76 | Argentina | Apr 4, 2024 | 8.75 | 7.21 |
| VALE OVERSEAS LIMITED | US91911TAE38 | Brazil | Jan 17, 2034 | 8.25 | 7.05 |
| EVERGRANDE REAL ESTATE GROUP LTD RegS | USG3225AAD57 | China | Oct 30, 2018 | 8.75 | 6.94 |
| VALE OVERSEAS LIMITED | US91911TAK97 | Brazil | Nov 10, 2039 | 6.88 | 6.92 |
| VALE OVERSEAS LIMITED | US91911TAH68 | Brazil | Nov 21, 2036 | 6.88 | 6.78 |
| ECOPETROL SA | US279158AE95 | Colombia | Sep 18, 2043 | 7.38 | 6.71 |
| TURKIYE VAKIFLAR BANKASI TAO MTN RegS | XS1175854923 | Turkey | Feb 3, 2025 | 6.88 | 6.64 |
| PETROBRAS GLOBAL FINANCE BV | US71647NAM11 | Brazil | Mar 17, 2024 | 6.25 | 6.55 |
Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
| Name | ISIN | country | Maturity | Coupon | YTW |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCLTN6X3 | Brazil | Jan 1, 2017 | 0.00 | 13.81 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCLTN749 | Brazil | Oct 1, 2016 | 0.00 | 13.74 |
| BRAZIL FEDERATIVE REPUBLIC OF (GOV | BRSTNCLTN707 | Brazil | Jul 1, 2017 | 0.00 | 13.20 |
| BRAZIL FEDERATIVE REPUBLIC OF | BRSTNCNTF139 | Brazil | Jan 1, 2018 | 10.00 | 12.75 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCLTN723 | Brazil | Jan 1, 2018 | 0.00 | 12.73 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCLTN756 | Brazil | Jul 1, 2018 | 0.00 | 12.42 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCLTN764 | Brazil | Jan 1, 2019 | 0.00 | 12.17 |
| BRAZIL (FEDERATIVE REPUBLIC OF) | BRSTNCNTF162 | Brazil | Jan 1, 2019 | 10.00 | 12.11 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCNTF0N5 | Brazil | Jan 1, 2021 | 10.00 | 11.91 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCNTF147 | Brazil | Jan 1, 2023 | 10.00 | 11.91 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCNTF1P8 | Brazil | Jan 1, 2027 | 10.00 | 11.85 |
| BRAZIL FEDERATIVE REPUBLIC OF | BRSTNCNTF170 | Brazil | Jan 1, 2025 | 10.00 | 11.82 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | US105756BL31 | Brazil | Jan 5, 2022 | 12.50 | 10.10 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | US105756BN96 | Brazil | Jan 10, 2028 | 10.25 | 10.06 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | US105756BT66 | Brazil | Jan 5, 2024 | 8.50 | 9.96 |
| TURKEY (REPUBLIC OF) | TRT120325T12 | Turkey | Mar 12, 2025 | 8.00 | 9.68 |
| TURKEY (REPUBLIC OF) | TRT110226T13 | Turkey | Feb 11, 2026 | 10.60 | 9.66 |
| TURKEY GOVERNMENT BOND | TRT240724T15 | Turkey | Jul 24, 2024 | 9.00 | 9.65 |
| TURKEY (REPUBLIC OF) | TRT270923T11 | Turkey | Sep 27, 2023 | 8.80 | 9.62 |
| TURKEY (REPUBLIC OF) | TRT140922T17 | Turkey | Sep 14, 2022 | 8.50 | 9.52 |
| RUSSIAN FEDERATION | RU000A0JRJU8 | Russian Federation | Jun 14, 2017 | 7.40 | 9.40 |
| RUSSIAN FEDERATION | RU000A0JS751 | Russian Federation | Apr 19, 2017 | 7.40 | 9.36 |
| RUSSIAN FEDERATION RegS | XS0564087541 | Russian Federation | Mar 10, 2018 | 7.85 | 9.10 |
| TURKEY (REPUBLIC OF) | TRT150120T16 | Turkey | Jan 15, 2020 | 10.50 | 9.05 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000096173 | South Africa | Feb 28, 2048 | 8.75 | 9.04 |
| TURKEY (REPUBLIC OF) | TRT100719T18 | Turkey | Jul 10, 2019 | 8.50 | 9.04 |
| RUSSIAN FEDERATION | RU000A0JRCJ6 | Russian Federation | Mar 15, 2018 | 7.50 | 9.04 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000107012 | South Africa | Jan 31, 2037 | 8.50 | 9.02 |
| RUSSIAN FEDERATION | RU000A0JU9V1 | Russian Federation | May 15, 2019 | 6.70 | 9.01 |
| RUSSIAN FEDERATION | RU000A0JS4M5 | Russian Federation | Feb 27, 2019 | 7.50 | 9.00 |
Big Country Table - Stance, Ratings and Datamine
| NCountry | NaCountry | Stance | Avg Sovereign Yield | Sov. Yield Avg Wk Change btps | Avg Corporate Yield | Corp. Yield Avg Wk Change btps | GDP Growth | Country Weight in Sov Index | Country Weight in Corp Index | Total GDP $ bn | GDP per capita PPP $ | Savings to GDP | Inflation | Population | Current Account to GDP | Budget Revenue to GDP | Gov Debt to GDP | Budget Balance to GDP | SandP Rating | Moodys | Fitch | Dgong |
| Turkey | Turkey | Underweight | 4.49 | 1.00 | 4.90 | -7.00 | 3.800 | 5.6948 | 2.9518 | 751.186 | 21198.484 | 15.420 | 10.870 | 78.559 | -3.616 | 35.336 | 21.924 | -1.993 | BB+ | Baa3 | BBB- | BB- |
| Brazil | Brazil | Underweight | 4.41 | -10.00 | 8.30 | -47.00 | -3.798 | 5.4684 | 17.8284 | 1534.782 | 15048.629 | 17.116 | 7.146 | 206.082 | -2.029 | 31.981 | 42.944 | -7.144 | BB+ | Baa3 | BBB | A- |
| Mexico | Mexico | Underweight | 3.80 | -9.00 | 4.22 | -9.00 | 2.411 | 5.4258 | 11.5552 | 1082.431 | 17905.519 | 20.421 | 3.310 | 128.632 | -2.562 | 22.286 | 48.637 | -4.830 | AAA | A3 | BBB+ | BBB |
| Philippines | Philippines | Overweight | 2.39 | 0.00 | 2.35 | -1.00 | 6.000 | 5.3236 | 0.4993 | 310.312 | 7612.584 | 25.083 | 2.900 | 104.195 | 2.613 | 19.466 | | -0.574 | BBB | Baa3 | BBB- | BBB |
| Indonesia | Indonesia | Overweight | 3.64 | -11.00 | 4.04 | -17.00 | 4.900 | 5.2617 | 2.5203 | 936.955 | 11633.409 | 32.481 | 4.500 | 258.802 | -2.590 | 13.967 | | -2.698 | BB+ | Baa3 | BBB- | BBB- |
| Russia | Russian Federation | Overweight | 4.03 | 6.00 | 3.98 | 4.00 | -1.849 | 5.1862 | 9.2173 | 1132.739 | 25185.531 | 25.502 | 7.901 | 146.300 | 4.235 | 30.692 | | -4.287 | BB+ | Ba1 | BBB- | A |
| Colombia | Colombia | Overweight | 3.47 | -12.00 | 4.76 | -17.00 | 2.502 | 4.3907 | 2.5946 | 253.240 | 14171.185 | 17.350 | 5.291 | 48.750 | -5.982 | 25.539 | 42.155 | -1.968 | BBB | Baa2 | BBB | BBB+ |
| China | China | Overweight | 2.40 | -4.00 | 3.11 | -3.00 | 6.490 | 4.2899 | 7.6707 | 11383.033 | 15095.207 | 44.425 | 1.800 | 1381.454 | 2.604 | 28.357 | | -2.884 | AA- | Aa3 | A+ | AA+ |
| Hungary | Hungary | Overweight | 3.21 | -8.00 | | | 2.300 | 4.0916 | | 117.729 | 27145.745 | 27.525 | 1.200 | 9.835 | 5.386 | 44.592 | 71.042 | | BB | Ba1 | BB+ | BBB- |
| Poland | Poland | Underweight | 2.13 | -3.00 | | | 3.571 | 3.6866 | | 473.501 | 27670.463 | 18.841 | 0.481 | 38.003 | -1.757 | 39.356 | 26.071 | -3.374 | A- | A2 | A- | A- |
| South Africa | South Africa | Underweight | 4.04 | 2.00 | 4.19 | 6.00 | 0.612 | 3.6356 | 1.4357 | 266.213 | 13166.213 | 14.403 | 6.900 | 55.831 | -4.367 | 30.139 | 46.222 | -3.178 | BBB- | Baa1 | BBB | A |
| Venezuela | Venezuela | Underweight | 26.04 | -129.00 | 29.16 | -178.00 | -8.000 | 3.5080 | 3.3616 | 185.611 | 15251.507 | 13.053 | 720.036 | 31.416 | -6.552 | 13.974 | | | B | B2 | B+ | BB+ |
| Peru | Peru | Overweight | 3.27 | -12.00 | 3.11 | 0.00 | 3.744 | 3.2184 | 1.3003 | 178.643 | 12580.603 | 20.800 | 3.418 | 32.405 | -3.881 | 20.452 | 7.543 | -1.715 | BBB+ | A3 | BBB+ | BBB+ |
| Kazakhstan | Kazakhstan | Overweight | 4.39 | -9.00 | 7.20 | -16.00 | 0.135 | 3.0941 | 2.3742 | 116.151 | 24176.914 | 23.246 | 9.000 | 17.947 | -3.964 | 18.379 | -26.952 | -3.983 | BBB+ | Baa2 | BBB | BBB- |
| Croatia | Croatia (Hrvatska) | Overweight | 3.75 | 5.00 | | | 1.900 | 3.0620 | | 49.928 | 22296.219 | 21.332 | 0.800 | 4.204 | 2.654 | 43.743 | | -2.655 | BB+ | Baa3 | BBB | BBB- |
| Lebanon | Lebanon | Underweight | 6.36 | -7.00 | | | 1.000 | 3.0367 | | 52.797 | 18425.821 | -1.155 | 2.000 | 4.597 | -21.332 | 19.529 | 134.941 | -13.571 | B | B1 | B | |
| Ukraine | Ukraine | Underweight | 8.43 | 40.00 | | | 1.481 | 2.6030 | | 83.550 | 8185.258 | 13.503 | 13.040 | 42.501 | -2.586 | 37.833 | 90.593 | -2.914 | BBB- | Caa1 | CCC | B- |
| Argentina | Argentina | Overweight | 5.86 | -11.00 | 6.37 | 2.00 | -1.007 | 2.1116 | 0.2414 | 437.856 | 22303.205 | 16.205 | 24.953 | 43.564 | -1.657 | 35.844 | | -5.976 | SD | Caa1 | RD | D |
| Lithuania | Lithuania | Underweight | 2.04 | -14.00 | | | 2.734 | 2.0399 | | 43.024 | 29716.647 | 15.830 | 1.430 | 2.875 | -3.047 | 33.851 | 39.413 | -0.658 | A- | Baa1 | A- | BBB- |
| Romania | Romania | Underweight | 3.13 | -2.00 | | | 4.200 | 2.0348 | | 181.944 | 21916.395 | 22.753 | 1.500 | 19.869 | -1.733 | 30.769 | | -3.032 | BBB- | Baa3 | BBB- | BB+ |
| Chile | Chile | Overweight | 2.59 | 1.00 | 3.30 | -3.00 | 1.537 | 1.8504 | 2.5142 | 235.419 | 23803.283 | 20.058 | 3.527 | 18.196 | -2.100 | 23.512 | -1.137 | -2.325 | AA- | Aa3 | A+ | AA |
| Uruguay | Uruguay | Underweight | 3.72 | -7.00 | | | 1.387 | 1.7719 | | 53.145 | 21944.296 | 14.870 | 9.080 | 3.427 | -3.942 | 28.469 | 25.729 | -3.931 | BBB- | Baa2 | BBB- | BB+ |
| Serbia | Serbia | Underweight | 3.60 | 1.00 | | | 1.750 | 1.6753 | | 37.381 | 14047.026 | 14.371 | 2.589 | 7.132 | -4.411 | 40.188 | 75.454 | -2.825 | BB- | B1 | B+ | BB- |
| Malaysia | Malaysia | Overweight | 3.54 | -7.00 | 2.15 | -4.00 | 4.400 | 1.5397 | 0.9447 | 309.262 | 27278.200 | 28.022 | 3.131 | 31.523 | 2.336 | 20.492 | | -3.667 | A- | A3 | A- | A+ |
| Dominican Republic | Dominican Republic | Underweight | 4.85 | -8.00 | | | 5.400 | 1.4312 | | 71.433 | 15776.947 | 19.952 | 3.340 | 10.098 | -1.673 | 14.581 | 35.109 | -2.603 | B+ | B1 | B | |
| Panama | Panama | Underweight | 2.77 | -12.00 | | | 6.100 | 1.3760 | | 55.755 | 22861.406 | 39.931 | 0.800 | 4.086 | -6.069 | 20.042 | 36.362 | -0.574 | BBB | Baa2 | BBB | A- |
| Sri Lanka | Sri Lanka | Underweight | 5.01 | -12.00 | | | 5.000 | 1.3138 | | 84.807 | 11127.259 | 30.078 | 4.060 | 21.252 | -0.793 | 13.590 | | | B+ | B1 | BB- | B+ |
| Iraq | Iraq | Overweight | 9.42 | -35.00 | | | 7.154 | 0.8345 | | 148.411 | 16323.323 | 7.921 | 2.000 | 36.067 | -14.443 | 33.063 | | | | | | |
| C?te dIvoire | Cote D'Ivoire (Ivory Coast) | Overweight | 5.68 | -13.00 | | | | 0.8122 | | | | | | | | | | | | | | |
| Latvia | Latvia | Underweight | | | | | 3.204 | 0.7538 | | 28.177 | 25883.269 | 20.182 | 1.572 | 1.976 | -2.024 | 36.027 | 31.920 | -1.104 | A- | Baa1 | A- | BB |
| Ecuador | Ecuador | Overweight | 9.91 | -42.00 | | | -4.497 | 0.7233 | | 94.014 | 10698.296 | 15.401 | 0.803 | 16.529 | -2.329 | 30.416 | | -0.599 | B+ | Caa1 | B | B- |
| Azerbaijan | Azerbaijan | Overweight | 4.74 | -16.00 | 4.99 | -18.00 | -2.991 | 0.6998 | | 35.141 | 17486.511 | 25.704 | 18.000 | 9.492 | -0.185 | 27.927 | | | BBB- | Baa3 | BBB- | |
| Costa Rica | Costa Rica | Underweight | 5.80 | -11.00 | | | 4.250 | 0.6305 | | 56.908 | 16088.609 | 14.935 | 3.000 | 4.900 | -4.211 | 14.537 | | | BB | Baa3 | BB+ | |
| Pakistan | Pakistan | Underweight | 5.41 | -9.00 | | | 4.500 | 0.6084 | | n/a | 5173.960 | 14.166 | 4.500 | 189.870 | -1.135 | 15.745 | 58.449 | | B- | Caa1 | | CCC |
| Kenya | Kenya | Underweight | 7.00 | -23.00 | | | 5.982 | 0.5960 | | 64.688 | 3338.351 | 14.173 | 5.800 | 45.478 | -8.273 | 20.520 | 53.109 | | B+ | | B+ | B |
| Slovak Republic | Slovak Republic | Overweight | 1.63 | -10.00 | | | 3.347 | 0.5394 | | 89.797 | 31012.834 | 21.720 | 0.661 | 5.418 | -0.983 | 38.459 | | -2.121 | | | | |
| Gabon | Gabon | Overweight | 7.41 | -28.00 | | | 3.182 | 0.5141 | | 14.166 | 19149.891 | 29.009 | 2.500 | 1.881 | -7.202 | 19.824 | | | BB- | | BB- | |
| Morocco | Morocco | Underweight | 2.90 | -8.00 | 4.11 | -17.00 | 2.256 | 0.4959 | 0.8213 | 108.096 | 8349.712 | 34.788 | 1.300 | 33.827 | 0.423 | 25.271 | 63.809 | -4.361 | BBB- | Ba1 | BBB- | BBB |
| Angola | Angola | Overweight | 9.62 | -17.00 | | | 2.514 | 0.4038 | | 81.497 | 7380.793 | -1.079 | 19.194 | 25.868 | -11.588 | 21.571 | | | BB- | Ba3 | BB- | BB- |
| Zambia | Zambia | Overweight | 9.05 | -63.00 | | | 3.425 | 0.3898 | | 19.117 | 3917.738 | 26.451 | 14.300 | 16.717 | -3.807 | 16.916 | 55.466 | | B+ | | B+ | |
| Vietnam | Vietnam | Underweight | 3.57 | -6.00 | | | 6.300 | 0.3652 | | 201.361 | 6399.674 | 26.637 | 2.000 | 92.637 | 0.562 | 21.658 | | | BB- | B1 | B+ | B+ |
| El Salvador | El Salvador | Underweight | 7.26 | -12.00 | | | 2.500 | 0.3593 | | 27.327 | 8558.827 | 11.166 | 1.850 | 6.403 | -3.027 | 18.476 | | | BB- | Ba2 | BB- | |
| Paraguay | Paraguay | Underweight | 5.05 | -10.00 | | | 2.893 | 0.3517 | | 26.804 | 8905.024 | 15.035 | 4.500 | 7.115 | -1.239 | 21.756 | 22.157 | -2.597 | BB- | B1 | | B+ |
| Egypt | Egypt | Underweight | 5.73 | -10.00 | | | 3.256 | 0.3465 | | n/a | 12113.094 | 10.611 | 10.233 | 90.203 | -5.339 | 21.777 | 80.803 | -11.119 | CCC+ | Caa1 | B- | B- |
| Ghana | Ghana | Underweight | 9.57 | -28.00 | | | 4.532 | 0.3177 | | 38.171 | 4390.974 | 16.773 | 12.369 | 27.573 | -7.220 | 20.967 | 72.075 | | B | | B+ | B |
| Mongolia | Mongolia | Overweight | 7.23 | -98.00 | | | 0.406 | 0.2127 | | 11.652 | 12133.483 | 19.205 | 3.710 | 3.014 | -10.652 | 25.965 | | | BB- | B1 | B+ | BB- |
| Hong Kong | Hong Kong | Underweight | | | | | | | 3.0607 | | | | | | | | | | AAA | Aa1 | AA+ | AAA |
| India | India | Underweight | | | 3.73 | -10.00 | 7.454 | | 4.8582 | 2288.715 | 6598.970 | 31.244 | 5.137 | 1309.713 | -1.506 | 20.982 | | -6.959 | BBB- | Baa3 | BBB- | BBB+ |
| Israel | Israel | Underweight | | | 3.16 | -4.00 | 2.847 | | 1.0819 | 306.194 | 34335.653 | 23.875 | 0.454 | 8.528 | 4.045 | 37.253 | 62.598 | -3.593 | A+ | A1 | A | A- |
| Jamaica | Jamaica | Underweight | 5.27 | -11.00 | 10.74 | -19.00 | 2.206 | | 0.7938 | 14.057 | 8990.925 | 13.267 | 5.300 | 2.829 | -2.866 | 27.963 | | | CCC+ | B3 | B- | |
| Korea | Korea (South) | Overweight | | | 2.10 | -4.00 | 2.668 | | 7.9303 | 1321.196 | 37699.193 | 35.171 | 1.748 | 50.835 | 8.245 | 20.911 | 35.340 | 0.625 | | | | |
| Qatar | Qatar | Overweight | | | 2.45 | -7.00 | 3.401 | | 2.0557 | 170.860 | 129511.848 | 52.692 | | 2.578 | -5.036 | 32.395 | -122.512 | | AA | Aa2 | | AA- |
| Singapore | Singapore | Overweight | | | | | 1.773 | | 2.8012 | 294.560 | 86853.686 | 47.081 | 1.343 | 5.584 | 21.164 | 21.677 | | 2.065 | AAA | Aaa | AAA | AAA |
| Thailand | Thailand | Underweight | | | 2.15 | -5.00 | 2.989 | | 2.0484 | 409.724 | 16706.324 | 33.452 | 1.578 | 68.981 | 7.953 | 22.307 | | -0.050 | BBB+ | Baa1 | BBB+ | BBB |
| United Arab Emirates | United Arab Emirates | Overweight | | | 2.97 | -9.00 | 2.370 | | 4.3014 | 325.135 | 67946.488 | 24.750 | 3.202 | 9.856 | -0.976 | 27.156 | -273.575 | | | Aa2 | | BBB+ |