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Chart: TOP 30 DM Eurobonds By Yield

Source: ML




MidLincoln Country Eurobond Indexes Update



Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondPAKISTAN (ISLAMIC REPUBLIC OF) RegS 19ZAMBIA (REPUBLIC OF) RegS 24ANGOLA (REPUBLIC OF) RegS 25PAKISTAN (ISLAMIC REPUBLIC OF) RegS 24

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 MTN RegS 21PETROLEOS DE VENEZUELA SA RegS 22

Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCSN RESOURCES SA RegS 20DIGICEL GROUP LTD RegS 20ESKOM HOLDINGS LTD RegS 21PETROLEOS MEXICANOS 44

Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondPETROLEOS DE VENEZUELA SA RegS 17PETROLEOS DE VENEZUELA SA MTN RegS 21ODEBRECHT DRILL VIII/IX RegS 21PETROLEOS DE VENEZUELA SA RegS 22

Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryPakistanAngolaZambiaTurkeyKenya

Country Average Corporate Yield Change USD Eurobonds Weekly
CountryJamaicaTurkeySouth AfricaMexicoPhilippines

Top 30 GEM Souvereign Eurobonds by Yield
NamePETROLEOS DE VENEZUELA SA MTN RegSVENEZUELA (BOLVARIAN REPUBLIC OF) RegSVENEZUELA BOLIVARIAN REPUBLIC OF RegS

Top 30 GEM Corporate Eurobonds by Yield
NameODEBRECHT DRILL VIII/IX RegSPETROLEOS DE VENEZUELA SA RegSPETROLEOS DE VENEZUELA SA MTN RegS

Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
NameBRAZIL FEDERATIVE REPUBLIC OF (GOBRAZIL FEDERATIVE REPUBLIC OF (GOVBRAZIL FEDERATIVE REPUBLIC OF (GO

Big Country Table - Stance, Ratings and Datamine


Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondPORTUGAL (REPUBLIC OF) 16SPAIN (KINGDOM OF) 16PORTUGAL (REPUBLIC OF) 26FRANCE (REPUBLIC OF) 16

Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondPORTUGAL (REPUBLIC OF) 17PORTUGAL (REPUBLIC OF) 19CANADA (GOVERNMENT OF) 25CANADA (GOVERNMENT OF) 27

Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsCLAIRES STORES INC 144A 19United States39.53.80AVAYA INC 144A 21United States66.22.40INTELSAT LUXEMBOURG SA 18Luxembourg35.30.90CLEAR CHANNEL COMMUNICATIONS INC 19United States17.80.80CMA CGM SA RegS 18France12.80.70

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


Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWPORTUGAL (REPUBLIC OF)PTOTEBOE0020PortugalFeb 15, 20454.103.86PORTUGAL (REPUBLIC OF)PTOTE5OE0007PortugalApr 15, 20374.103.66PORTUGAL (REPUBLIC OF)PTOTETOE0012PortugalJul 21, 20262.883.41

Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWAVAYA INC 144AUS053499AJ89United StatesMar 1, 202110.5066.2PACIFIC DRILLING SA 144AUS69419BAA35United StatesJun 1, 20205.3850.3CLEAR CHANNEL COMMUNICATIONS INCUS184502BT84United StatesJan 15, 201810.0048.4

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

BondCountryYieldYield Change % pts
PAKISTAN (ISLAMIC REPUBLIC OF) RegS 19Pakistan5.030.52
ZAMBIA (REPUBLIC OF) RegS 24Zambia8.800.47
ANGOLA (REPUBLIC OF) RegS 25Angola9.580.45
PAKISTAN (ISLAMIC REPUBLIC OF) RegS 24Pakistan6.600.43
TURKEY (REPUBLIC OF) 23Turkey4.320.41
PAKISTAN INTERNATIONAL SUKUK COMPA RegS 19Pakistan4.860.40
ESKOM HOLDINGS LTD RegS 21South Africa5.710.39
TURKEY (REPUBLIC OF) 19Turkey3.410.39
ZAMBIA (REPUBLIC OF) RegS 27Zambia9.120.38
TURKEY (REPUBLIC OF) 24Turkey4.560.38
TURKEY (REPUBLIC OF) 21Turkey4.030.37
TURKEY (REPUBLIC OF) 19Turkey3.670.37
TURKEY (REPUBLIC OF) 26Turkey4.610.36
TURKEY (REPUBLIC OF) 25Turkey4.740.35
UKRAINE (GOVERNMENT OF) RegS 19Ukraine8.190.35
TURKEY (REPUBLIC OF) 22Turkey4.380.35
TURKEY REPUBLIC OF (GOVERNMENT) 22Turkey4.300.35
TRANSNET SOC LTD MTN RegS 22South Africa4.690.35
GHANA (REPUBLIC OF) RegS 23Ghana9.170.34
TURKEY (REPUBLIC OF) 26Turkey4.690.34


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

BondCountryYieldYield Change %pts
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 18Venezuela26.88-2.97
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19Venezuela28.02-2.91
PETROLEOS DE VENEZUELA SA MTN RegS 21Venezuela28.75-1.99
PETROLEOS DE VENEZUELA SA RegS 22Venezuela27.09-1.81
VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22Venezuela27.74-1.37
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20Venezuela24.85-1.30
PETROLEOS DE VENEZUELA SA RegS 24Venezuela24.00-0.81
VENEZUELA BOLIVARIAN REPUBLIC OF RegS 31Venezuela21.84-0.57
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 23Venezuela24.98-0.55
VENEZUELA BOLIVARIAN REPUBLIC OF RegS 26Venezuela23.27-0.51
VENEZUELA (BOLIVARIAN REPUBLIC OF) RegS 24Venezuela22.47-0.50
1MDB GLOBAL INVESTMENTS LTD 23Malaysia6.63-0.48
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 25Venezuela21.29-0.48
PETROLEOS DE VENEZUELA SA RegS 27Venezuela18.21-0.47
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 28Venezuela20.86-0.45
VENEZUELA (BOLIVARIAN REPUBLIC OF) 27Venezuela20.00-0.42
VENEZUELA (BOLVARIAN REPUBLIC OF) 34Venezuela19.45-0.42
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 38Venezuela16.31-0.39
PETROLEOS DE VENEZUELA SA RegS 26Venezuela20.64-0.37
PETROLEOS DE VENEZUELA SA RegS 37Venezuela14.88-0.36


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

BondCountryYieldYield Change %pts
CSN RESOURCES SA RegS 20Brazil19.800.55
DIGICEL GROUP LTD RegS 20Jamaica12.130.54
ESKOM HOLDINGS LTD RegS 21South Africa5.710.46
PETROLEOS MEXICANOS 44Mexico6.540.40
PETROBRAS GLOBAL FINANCE BV 41Brazil7.970.36
TURKIYE GARANTI BANKASI AS RegS 21Turkey4.940.35
PETROLEOS MEXICANOS 18Mexico2.370.33
PETROBRAS GLOBAL FINANCE BV 21Brazil6.050.32
MILLICOM INTERNATIONAL CELLULAR SA RegS 21Colombia5.640.31
YAPI VE KREDI BANKASI AS RegS 20Turkey4.880.31
TRUST F/1401 RegS 26Mexico4.810.30
BANCO DO BRASIL (GRAND CAYMAN BRAN RegS 23Brazil6.210.29
AKBANK TAS RegS 22Turkey5.100.27
PETROLEOS MEXICANOS 45Mexico6.680.27
PETROBRAS GLOBAL FINANCE BV 21Brazil5.670.26
PETROLEOS MEXICANOS RegS 21Mexico4.200.25
BBVA BANCOMER SA TEXAS RegS 22Mexico4.410.24
TURKIYE IS BANKASI AS RegS 17Turkey3.640.23
CEMEX FINANCE LLC RegS 24Mexico5.710.22
CENTRAIS ELETRICAS BRASILEIRAS SA RegS 19Brazil4.960.22


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

BondCountryYieldYield Change %pts
PETROLEOS DE VENEZUELA SA RegS 17Venezuela40.62-12.22
PETROLEOS DE VENEZUELA SA MTN RegS 21Venezuela28.75-2.08
ODEBRECHT DRILL VIII/IX RegS 21Brazil60.38-1.76
PETROLEOS DE VENEZUELA SA RegS 22Venezuela27.09-1.66
PETROLEOS DE VENEZUELA SA RegS 24Venezuela23.72-0.95
BANCO BTG PACTUAL SA (CAYMAN ISLA MTN RegS 20Brazil5.94-0.61
PETROLEOS DE VENEZUELA SA RegS 27Venezuela18.07-0.56
VEDANTA RESOURCES PLC RegS 21India7.84-0.54
PETROLEOS DE VENEZUELA SA RegS 26Venezuela20.41-0.54
PETROLEOS DE VENEZUELA SA RegS 37Venezuela14.83-0.33
PETROLEOS DE VENEZUELA SA RegS 35Venezuela19.78-0.31
EVERGRANDE REAL ESTATE GROUP LTD RegS 18China6.85-0.27
PETROLEOS MEXICANOS MTN 20Mexico3.12-0.27
PETROBRAS GLOBAL FINANCE BV 19Brazil3.76-0.27
ECOPETROL SA 19Colombia2.32-0.25
PETROBRAS GLOBAL FINANCE BV 20Brazil4.71-0.21
YPF SA RegS 21Argentina5.62-0.20
JSC NATIONAL KAZMUNAYGAS MTN RegS 21Kazakhstan3.95-0.17
CAIXA ECONOMICA FEDERAL RegS 17Brazil2.98-0.17
BANCO NACIONAL DE DESENVOLVIMENTO RegS 19Brazil3.42-0.16


Country Average Sovereign Yield Change USD Eurobonds Weekly

CountryAverage YieldYield Average change % pts
Pakistan5.500.45
Angola9.580.45
Zambia8.960.42
Turkey4.720.33
Kenya7.150.32
Ghana9.270.32
Gabon7.900.29
Oman4.250.26
Ethiopia6.870.25
Iraq9.240.22
Ukraine8.460.19
Egypt5.810.18
South Africa4.370.17
Ecuador9.980.17
Cote D'Ivoire (Ivory Coast)5.880.17
Tunisia6.100.16
Argentina5.940.13
Mexico4.260.11
Sri Lanka5.250.09
Vietnam3.950.07
Mongolia7.760.07
Philippines2.570.06
Serbia3.320.06
Indonesia3.720.05
Jamaica5.670.04
Russian Federation3.860.03
Hungary2.940.03
Romania3.000.03
Brazil4.550.02
Azerbaijan4.800.02
China2.400.00
Slovak Republic1.790.00
United States0.530.00
India3.220.00
Panama2.820.00
Kazakhstan4.31-0.01
Morocco3.09-0.01
Paraguay5.19-0.03
Uruguay3.84-0.03
Croatia (Hrvatska)3.35-0.03
Peru3.26-0.03
Chile2.83-0.04
Lebanon6.44-0.05
Poland2.25-0.06
Trinidad and Tobago4.06-0.06
Colombia3.51-0.06
Costa Rica5.81-0.07
Dominican Republic4.91-0.10
Malaysia3.35-0.12
Lithuania1.83-0.16
El Salvador7.16-0.20
Venezuela22.57-0.95


Country Average Corporate Yield Change USD Eurobonds Weekly

CountryAverage YieldYield Average change % pts
Jamaica12.130.54
Turkey5.100.27
South Africa4.430.12
Mexico4.560.10
Philippines2.490.04
Thailand2.280.04
Peru2.970.03
Chile3.530.03
Indonesia4.180.02
Colombia4.840.02
United Arab Emirates2.780.01
United States0.530.00
Qatar2.530.00
Malaysia2.13-0.01
Brazil7.89-0.01
Morocco4.26-0.01
Russian Federation3.93-0.01
China3.07-0.01
Azerbaijan5.00-0.04
Korea (South)2.02-0.04
Kazakhstan6.42-0.05
Israel3.13-0.06
India3.61-0.07
Argentina5.76-0.09
Venezuela24.16-2.33


Top 30 GEM Souvereign Eurobonds by Yield

NameISINcountryMaturityCouponYTW
PETROLEOS DE VENEZUELA SA MTN RegSUSP7807HAP03VenezuelaNov 17, 20219.0028.75
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AN08VenezuelaOct 13, 20197.7528.02
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AC16VenezuelaAug 23, 202212.7527.74
PETROLEOS DE VENEZUELA SA RegSUSP7807HAM71VenezuelaFeb 17, 202212.7527.09
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AD26VenezuelaDec 1, 20187.0026.88
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP17625AA59VenezuelaMay 7, 20239.0024.98
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AG56VenezuelaDec 9, 20206.0024.85
PETROLEOS DE VENEZUELA SA RegSUSP7807HAT25VenezuelaMay 16, 20246.0024.00
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AE71VenezuelaOct 21, 202611.7523.27
VENEZUELA (BOLIVARIAN REPUBLIC OF) RegSUSP97475AP55VenezuelaOct 13, 20248.2522.47
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AD98VenezuelaAug 5, 203111.9521.84
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSXS0217249126VenezuelaApr 21, 20257.6521.29
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP17625AB33VenezuelaMay 7, 20289.2520.86
PETROLEOS DE VENEZUELA SA RegSUSP7807HAR68VenezuelaNov 15, 20266.0020.64
VENEZUELA (BOLIVARIAN REPUBLIC OF)US922646AS37VenezuelaSep 15, 20279.2520.00
PETROLEOS DE VENEZUELA SA RegSUSP7807HAQ85VenezuelaMay 17, 20359.7519.82
VENEZUELA (BOLVARIAN REPUBLIC OF)US922646BL74VenezuelaJan 13, 20349.3819.45
PETROLEOS DE VENEZUELA SA RegSXS0294364954VenezuelaApr 12, 20275.3818.21
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AJ95VenezuelaMar 31, 20387.0016.31
PETROLEOS DE VENEZUELA SA RegSXS0294367205VenezuelaApr 12, 20375.5014.88
ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS1458514673EcuadorMar 28, 202210.7510.18
ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS1199929826EcuadorMar 24, 202010.509.89
ECUADOR (REPUBLIC OF) RegSXS1080330704EcuadorJun 20, 20247.959.87
ANGOLA (REPUBLIC OF) RegSXS1318576086AngolaNov 12, 20259.509.58
GHANA (REPUBLIC OF) RegSXS1108847531GhanaJan 18, 20268.139.36
IRAQ (REPUBLIC OF) RegSXS0240295575IraqJan 15, 20285.809.24
GHANA (REPUBLIC OF) RegSXS0956935398GhanaAug 7, 20237.889.17
ZAMBIA (REPUBLIC OF) RegSXS1267081575ZambiaJul 30, 20278.979.12
ZAMBIA (REPUBLIC OF) RegSXS1056386714ZambiaApr 14, 20248.508.80
UKRAINE (GOVERNMENT OF) RegSXS1303926528UkraineSep 1, 20267.758.56


Top 30 GEM Corporate Eurobonds by Yield

NameISINcountryMaturityCouponYTW
ODEBRECHT DRILL VIII/IX RegSUSG67106AA51BrazilJun 30, 20216.3560.38
PETROLEOS DE VENEZUELA SA RegSUSP7807HAK16VenezuelaNov 2, 20178.5040.62
PETROLEOS DE VENEZUELA SA MTN RegSUSP7807HAP03VenezuelaNov 17, 20219.0028.75
PETROLEOS DE VENEZUELA SA RegSUSP7807HAM71VenezuelaFeb 17, 202212.7527.09
SAMARCO MINERACAO SA RegSUSP84050AA46BrazilNov 1, 20224.1325.89
PETROLEOS DE VENEZUELA SA RegSUSP7807HAT25VenezuelaMay 16, 20246.0023.72
PETROLEOS DE VENEZUELA SA RegSUSP7807HAR68VenezuelaNov 15, 20266.0020.41
CSN RESOURCES SA RegSUSL21779AA88BrazilJul 21, 20206.5019.80
PETROLEOS DE VENEZUELA SA RegSUSP7807HAQ85VenezuelaMay 17, 20359.7519.78
PETROLEOS DE VENEZUELA SA RegSXS0294364954VenezuelaApr 12, 20275.3818.07
PETROLEOS DE VENEZUELA SA RegSXS0294367205VenezuelaApr 12, 20375.5014.83
KAZKOMMERTSBANK JSC RegSXS0867478124KazakhstanDec 21, 20225.5012.88
DIGICEL GROUP LTD RegSUSG27631AD56JamaicaSep 30, 20208.2512.13
PETROBRAS GLOBAL FINANCE BVUS71647NAN93BrazilJun 5, 21156.858.10
PETROBRAS GLOBAL FINANCE BVUS71647NAK54BrazilMar 17, 20447.258.10
PETROBRAS GLOBAL FINANCE BVUS71645WAS08BrazilJan 27, 20416.757.97
PETROBRAS GLOBAL FINANCE BVUS71645WAQ42BrazilJan 20, 20406.887.91
VEDANTA RESOURCES PLC RegSUSG9328DAG54IndiaJun 7, 20218.257.84
PETROBRAS GLOBAL FINANCE BVUS71647NAA72BrazilMay 20, 20435.637.69
MARFRIG HOLDINGS (EUROPE) BV RegSUSN54468AF52BrazilJun 8, 20238.007.52
VALE OVERSEAS LIMITEDUS91911TAE38BrazilJan 17, 20348.257.36
VALE OVERSEAS LIMITEDUS91911TAK97BrazilNov 10, 20396.887.21
PETROBRAS GLOBAL FINANCE BVUS71647NAQ25BrazilMay 23, 20268.757.18
VALE OVERSEAS LIMITEDUS91911TAH68BrazilNov 21, 20366.887.06
YPF SA RegSUSP989MJBE04ArgentinaJul 28, 20258.507.02
ECOPETROL SAUS279158AE95ColombiaSep 18, 20437.386.92
TURKIYE VAKIFLAR BANKASI TAO MTN RegSXS1175854923TurkeyFeb 3, 20256.886.92
JBS INVESTMENTS GMBH RegSUSA29866AB53BrazilApr 3, 20247.256.90
VALE SAUS91912EAA38BrazilSep 11, 20425.636.89
EVERGRANDE REAL ESTATE GROUP LTD RegSUSG3225AAD57ChinaOct 30, 20188.756.85


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

NameISINcountryMaturityCouponYTW
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN6X3BrazilJan 1, 20170.0013.73
BRAZIL FEDERATIVE REPUBLIC OF (GOVBRSTNCLTN707BrazilJul 1, 20170.0013.07
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN749BrazilOct 1, 20160.0012.79
BRAZIL FEDERATIVE REPUBLIC OFBRSTNCNTF139BrazilJan 1, 201810.0012.20
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN723BrazilJan 1, 20180.0012.17
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN756BrazilJul 1, 20180.0011.83
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF1P8BrazilJan 1, 202710.0011.65
BRAZIL (FEDERATIVE REPUBLIC OF)BRSTNCNTF162BrazilJan 1, 201910.0011.59
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN764BrazilJan 1, 20190.0011.59
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF147BrazilJan 1, 202310.0011.57
BRAZIL FEDERATIVE REPUBLIC OFBRSTNCNTF170BrazilJan 1, 202510.0011.55
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF0N5BrazilJan 1, 202110.0011.49
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BL31BrazilJan 5, 202212.509.71
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BN96BrazilJan 10, 202810.259.62
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BT66BrazilJan 5, 20248.509.56
TURKEY (REPUBLIC OF)TRT110226T13TurkeyFeb 11, 202610.609.49
TURKEY (REPUBLIC OF)TRT120325T12TurkeyMar 12, 20258.009.49
TURKEY (REPUBLIC OF)TRT240724T15TurkeyJul 24, 20249.009.49
TURKEY (REPUBLIC OF)TRT270923T11TurkeySep 27, 20238.809.43
SOUTH AFRICA (REPUBLIC OF)ZAG000096173South AfricaFeb 28, 20488.759.35
SOUTH AFRICA (REPUBLIC OF)ZAG000107012South AfricaJan 31, 20378.509.32
SOUTH AFRICA (REPUBLIC OF)ZAG000077488South AfricaFeb 28, 20416.509.31
TURKEY (REPUBLIC OF)TRT140922T17TurkeySep 14, 20228.509.28
RUSSIAN FEDERATIONRU000A0JRJU8Russian FederationJun 14, 20177.409.24
RUSSIAN FEDERATIONRU000A0JS751Russian FederationApr 19, 20177.409.22
SOUTH AFRICA (REPUBLIC OF)ZAG000030404South AfricaMar 31, 20366.259.21
SOUTH AFRICA (REPUBLIC OF)ZAG000106998South AfricaJan 31, 20308.009.04
TURKEY (REPUBLIC OF)TRT150120T16TurkeyJan 15, 202010.508.77
TURKEY (REPUBLIC OF)TRT100719T18TurkeyJul 10, 20198.508.70
RUSSIAN FEDERATION RegSXS0564087541Russian FederationMar 10, 20187.858.68


Big Country Table - Stance, Ratings and Datamine

NCountryNaCountryStanceAvg Sovereign YieldSov. Yield Avg Wk Change btpsAvg Corporate YieldCorp. Yield Avg Wk Change btpsGDP GrowthCountry Weight in Sov IndexCountry Weight in Corp IndexTotal GDP $ bnGDP per capita PPP $Savings to GDPInflationPopulationCurrent Account to GDPBudget Revenue to GDPGov Debt to GDPBudget Balance to GDPSandP RatingMoodysFitchDgong
TurkeyTurkeyUnderweight4.7233.005.1027.003.8005.69482.9518751.18621198.48415.42010.87078.559-3.61635.33621.924-1.993BB+Baa3BBB-BB-
BrazilBrazilUnderweight4.552.007.89-1.00-3.7985.468417.82841534.78215048.62917.1167.146206.082-2.02931.98142.944-7.144BB+Baa3BBBA-
MexicoMexicoUnderweight4.2611.004.5610.002.4115.425811.55521082.43117905.51920.4213.310128.632-2.56222.28648.637-4.830AAAA3BBB+BBB
PhilippinesPhilippinesOverweight2.576.002.494.006.0005.32360.4993310.3127612.58425.0832.900104.1952.61319.466-0.574BBBBaa3BBB-BBB
IndonesiaIndonesiaOverweight3.725.004.182.004.9005.26172.5203936.95511633.40932.4814.500258.802-2.59013.967-2.698BB+Baa3BBB-BBB-
RussiaRussian FederationOverweight3.863.003.93-1.00-1.8495.18629.21731132.73925185.53125.5027.901146.3004.23530.692-4.287BB+Ba1BBB-A
ColombiaColombiaOverweight3.51-6.004.842.002.5024.39072.5946253.24014171.18517.3505.29148.750-5.98225.53942.155-1.968BBBBaa2BBBBBB+
ChinaChinaOverweight2.400.003.07-1.006.4904.28997.670711383.03315095.20744.4251.8001381.4542.60428.357-2.884AA-Aa3A+AA+
HungaryHungaryOverweight2.943.002.3004.0916117.72927145.74527.5251.2009.8355.38644.59271.042BBBa1BB+BBB-
PolandPolandUnderweight2.25-6.003.5713.6866473.50127670.46318.8410.48138.003-1.75739.35626.071-3.374A-A2A-A-
South AfricaSouth AfricaUnderweight4.3717.004.4312.000.6123.63561.4357266.21313166.21314.4036.90055.831-4.36730.13946.222-3.178BBB-Baa1BBBA
VenezuelaVenezuelaUnderweight22.57-95.0024.16-233.00-8.0003.50803.3616185.61115251.50713.053720.03631.416-6.55213.974BB2B+BB+
PeruPeruOverweight3.26-3.002.973.003.7443.21841.3003178.64312580.60320.8003.41832.405-3.88120.4527.543-1.715BBB+A3BBB+BBB+
KazakhstanKazakhstanOverweight4.31-1.006.42-5.000.1353.09412.3742116.15124176.91423.2469.00017.947-3.96418.379-26.952-3.983BBB+Baa2BBBBBB-
CroatiaCroatia (Hrvatska)Overweight3.35-3.001.9003.062049.92822296.21921.3320.8004.2042.65443.743-2.655BB+Baa3BBBBBB-
LebanonLebanonUnderweight6.44-5.001.0003.036752.79718425.821-1.1552.0004.597-21.33219.529134.941-13.571BB1B
UkraineUkraineUnderweight8.4619.001.4812.603083.5508185.25813.50313.04042.501-2.58637.83390.593-2.914BBB-Caa1CCCB-
ArgentinaArgentinaOverweight5.9413.005.76-9.00-1.0072.11160.2414437.85622303.20516.20524.95343.564-1.65735.844-5.976SDCaa1RDD
LithuaniaLithuaniaUnderweight1.83-16.002.7342.039943.02429716.64715.8301.4302.875-3.04733.85139.413-0.658A-Baa1A-BBB-
RomaniaRomaniaUnderweight3.003.004.2002.0348181.94421916.39522.7531.50019.869-1.73330.769-3.032BBB-Baa3BBB-BB+
ChileChileOverweight2.83-4.003.533.001.5371.85042.5142235.41923803.28320.0583.52718.196-2.10023.512-1.137-2.325AA-Aa3A+AA
UruguayUruguayUnderweight3.84-3.001.3871.771953.14521944.29614.8709.0803.427-3.94228.46925.729-3.931BBB-Baa2BBB-BB+
SerbiaSerbiaUnderweight3.326.001.7501.675337.38114047.02614.3712.5897.132-4.41140.18875.454-2.825BB-B1B+BB-
MalaysiaMalaysiaOverweight3.35-12.002.13-1.004.4001.53970.9447309.26227278.20028.0223.13131.5232.33620.492-3.667A-A3A-A+
Dominican RepublicDominican RepublicUnderweight4.91-10.005.4001.431271.43315776.94719.9523.34010.098-1.67314.58135.109-2.603B+B1B
PanamaPanamaUnderweight2.820.006.1001.376055.75522861.40639.9310.8004.086-6.06920.04236.362-0.574BBBBaa2BBBA-
Sri LankaSri LankaUnderweight5.259.005.0001.313884.80711127.25930.0784.06021.252-0.79313.590B+B1BB-B+
IraqIraqOverweight9.2422.007.1540.8345148.41116323.3237.9212.00036.067-14.44333.063
C?te dIvoireCote D'Ivoire (Ivory Coast)Overweight5.8817.000.8122
LatviaLatviaUnderweight3.2040.753828.17725883.26920.1821.5721.976-2.02436.02731.920-1.104A-Baa1A-BB
EcuadorEcuadorOverweight9.9817.00-4.4970.723394.01410698.29615.4010.80316.529-2.32930.416-0.599B+Caa1BB-
AzerbaijanAzerbaijanOverweight4.802.005.00-4.00-2.9910.699835.14117486.51125.70418.0009.492-0.18527.927BBB-Baa3BBB-
Costa RicaCosta RicaUnderweight5.81-7.004.2500.630556.90816088.60914.9353.0004.900-4.21114.537BBBaa3BB+
PakistanPakistanUnderweight5.5045.004.5000.6084n/a5173.96014.1664.500189.870-1.13515.74558.449B-Caa1CCC
KenyaKenyaUnderweight7.1532.005.9820.596064.6883338.35114.1735.80045.478-8.27320.52053.109B+B+B
Slovak RepublicSlovak RepublicOverweight1.790.003.3470.539489.79731012.83421.7200.6615.418-0.98338.459-2.121
GabonGabonOverweight7.9029.003.1820.514114.16619149.89129.0092.5001.881-7.20219.824BB-BB-
MoroccoMoroccoUnderweight3.09-1.004.26-1.002.2560.49590.8213108.0968349.71234.7881.30033.8270.42325.27163.809-4.361BBB-Ba1BBB-BBB
AngolaAngolaOverweight9.5845.002.5140.403881.4977380.793-1.07919.19425.868-11.58821.571BB-Ba3BB-BB-
ZambiaZambiaOverweight8.9642.003.4250.389819.1173917.73826.45114.30016.717-3.80716.91655.466B+B+
VietnamVietnamUnderweight3.957.006.3000.3652201.3616399.67426.6372.00092.6370.56221.658BB-B1B+B+
El SalvadorEl SalvadorUnderweight7.16-20.002.5000.359327.3278558.82711.1661.8506.403-3.02718.476BB-Ba2BB-
ParaguayParaguayUnderweight5.19-3.002.8930.351726.8048905.02415.0354.5007.115-1.23921.75622.157-2.597BB-B1B+
EgyptEgyptUnderweight5.8118.003.2560.3465n/a12113.09410.61110.23390.203-5.33921.77780.803-11.119CCC+Caa1B-B-
GhanaGhanaUnderweight9.2732.004.5320.317738.1714390.97416.77312.36927.573-7.22020.96772.075BB+B
MongoliaMongoliaOverweight7.767.000.4060.212711.65212133.48319.2053.7103.014-10.65225.965BB-B1B+BB-
Hong KongHong KongUnderweight3.0607AAAAa1AA+AAA
IndiaIndiaUnderweight3.220.003.61-7.007.4544.85822288.7156598.97031.2445.1371309.713-1.50620.982-6.959BBB-Baa3BBB-BBB+
IsraelIsraelUnderweight3.13-6.002.8471.0819306.19434335.65323.8750.4548.5284.04537.25362.598-3.593A+A1AA-
JamaicaJamaicaUnderweight5.674.0012.1354.002.2060.793814.0578990.92513.2675.3002.829-2.86627.963CCC+B3B-
KoreaKorea (South)Overweight2.02-4.002.6687.93031321.19637699.19335.1711.74850.8358.24520.91135.3400.625
QatarQatarOverweight2.530.003.4012.0557170.860129511.84852.6922.578-5.03632.395-122.512AAAa2AA-
SingaporeSingaporeOverweight1.7732.8012294.56086853.68647.0811.3435.58421.16421.6772.065AAAAaaAAAAAA
ThailandThailandUnderweight2.284.002.9892.0484409.72416706.32433.4521.57868.9817.95322.307-0.050BBB+Baa1BBB+BBB
United Arab EmiratesUnited Arab EmiratesOverweight2.781.002.3704.3014325.13567946.48824.7503.2029.856-0.97627.156-273.575Aa2BBB+


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

BondCountryYieldYield Change % pts
PORTUGAL (REPUBLIC OF) 16Portugal2.720.67
SPAIN (KINGDOM OF) 16Spain0.240.12
PORTUGAL (REPUBLIC OF) 26Portugal3.410.11
FRANCE (REPUBLIC OF) 16France0.320.10
NORWAY (KINGDOM OF) 19Norway0.730.08
ITALY (REPUBLIC OF) 16Italy-0.130.08
ITALY (REPUBLIC OF) 27Italy1.340.04
NORWAY (KINGDOM OF) 21Norway0.890.04
ITALY (REPUBLIC OF) 31Italy1.560.04
ITALY (REPUBLIC OF) 32Italy1.570.04
ITALY (REPUBLIC OF) 26Italy1.230.04
ITALY (REPUBLIC OF) 33Italy1.670.04
ITALY (REPUBLIC OF) 21Italy0.310.04
ITALY (REPUBLIC OF) 25Italy1.140.04
ITALY (REPUBLIC OF) RegS 28Italy1.400.04
ITALY (REPUBLIC OF) 44Italy2.190.03
ITALY (REPUBLIC OF) 23Italy0.630.03
ITALY (REPUBLIC OF) 34Italy1.780.03
ITALY (REPUBLIC OF) 29Italy1.460.03
ITALY (REPUBLIC OF) RegS 37Italy1.910.03


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

BondCountryYieldYield Change % pts
PORTUGAL (REPUBLIC OF) 17Portugal-0.03-0.39
PORTUGAL (REPUBLIC OF) 19Portugal1.04-0.18
CANADA (GOVERNMENT OF) 25Canada0.85-0.17
CANADA (GOVERNMENT OF) 27Canada1.05-0.17
CANADA (GOVERNMENT OF) 24Canada0.77-0.16
CANADA (GOVERNMENT OF) 26Canada0.95-0.16
CANADA (GOVERNMENT OF) 23Canada0.72-0.15
CANADA (GOVERNMENT OF) 21Canada0.52-0.14
CANADA (GOVERNMENT OF) 29Canada1.23-0.14
CANADA (GOVERNMENT OF) 22Canada0.64-0.13
CANADA (GOVERNMENT OF) 33Canada1.47-0.13
CANADA (GOVERNMENT OF) 20Canada0.50-0.13
CANADA (GOVERNMENT OF) 25Canada0.88-0.13
CANADA (GOVERNMENT OF) 45Canada1.62-0.12
CANADA (GOVERNMENT OF) 41Canada1.63-0.12
CANADA (GOVERNMENT OF) 37Canada1.60-0.12
CANADA (GOVERNMENT OF) 21Canada0.54-0.12
CANADA (GOVERNMENT OF) 48Canada1.62-0.12
CANADA (GOVERNMENT OF) 21Canada0.57-0.12
CANADA (GOVERNMENT OF) 64Canada1.59-0.12


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

BondCountryYieldYield Change %pts
CLAIRES STORES INC 144A 19United States39.53.80
AVAYA INC 144A 21United States66.22.40
INTELSAT LUXEMBOURG SA 18Luxembourg35.30.90
CLEAR CHANNEL COMMUNICATIONS INC 19United States17.80.80
CMA CGM SA RegS 18France12.80.70
GENON ENERGY INC 18United States23.40.60
FRONTIER COMMUNICATIONS CORP 22United States9.260.56
VENETO BANCA SCPA MTN RegS 17Italy6.480.51
AVAYA INC 144A 19United States21.20.50
HEXION INC 18United States12.80.50
NAVIENT CORP MTN 18United States4.020.46
HAPAG LLOYD AG MTN RegS 18Germany7.380.45
GENWORTH FINANCIAL INC. 21United States8.660.43
FRONTIER COMMUNICATIONS CORP 18United States3.940.42
LAUREATE EDUCATION INC 144A 19United States12.10.40
FREEPORT-MCMORAN INC 17United States2.920.40
NEIMAN MARCUS GROUP LTD LLC 144A 21United States12.70.40
CALUMET SPECIALTY PRODUCTS PARTNER 21United States11.60.40
RR DONNELLEY & SONS CO 22United States6.250.40
FRONTIER COMMUNICATIONS CORP 25United States10.30.36


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

BondCountryYieldYield Change %pts
CLEAR CHANNEL COMMUNICATIONS INC 18United States48.4-10.00
INTELSAT LUXEMBOURG SA 21Luxembourg42.1-1.90
WHITING PETROLEUM CORP 19United States6.62-1.82
BANCA MONTE DEI PASCHI DI SIENA SP MTN RegS 20Italy17.4-1.70
DJO FINCO INC 144A 21United States10.0-1.50
TALEN ENERGY SUPPLY LLC 144A 19United States7.02-1.27
EP ENER/EVEREST 23United States16.7-1.10
EP ENERGY LLC/EVEREST ACQUISITION 20United States21.5-0.90
NXP BV 144A 20Netherlands2.08-0.86
MEG ENERGY CORP 144A 21Canada12.3-0.80
ENDO FINANCE LLC / ENDO FINCO INC 144A 23United States7.70-0.78
WHITING PETROLEUM CORP 21United States7.56-0.77
ENDO FINANCE LLC / ENDO FINCO INC 144A 25United States7.96-0.72
NRG ENERGY INC 24United States5.92-0.72
ANGLO AMERICAN CAPITAL PLC MTN RegS 19United Kingdom1.48-0.71
BMC SOFTWARE FINANCE INC 144A 21United States10.7-0.70
MEG ENERGY CORP 144A 24Canada11.2-0.70
MEG ENERGY CORP 144A 23Canada11.4-0.70
DENBURY RESOURCES INC 22United States13.0-0.70
ENSCO PLC 24United States9.58-0.62


Top 30 DM Souvereign Eurobonds by Yield

NameISINcountryMaturityCouponYTW
PORTUGAL (REPUBLIC OF)PTOTEBOE0020PortugalFeb 15, 20454.103.86
PORTUGAL (REPUBLIC OF)PTOTE5OE0007PortugalApr 15, 20374.103.66
PORTUGAL (REPUBLIC OF)PTOTETOE0012PortugalJul 21, 20262.883.41
PORTUGAL (REPUBLIC OF)PTOTEROE0014PortugalFeb 15, 20303.883.39
PORTUGAL (REPUBLIC OF)PTOTEKOE0011PortugalOct 15, 20252.883.10
PORTUGAL (REPUBLIC OF)PTOTESOE0013PortugalOct 17, 20222.202.88
PORTUGAL (REPUBLIC OF)PTOTEQOE0015PortugalFeb 15, 20245.652.79
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAP3AustraliaJun 21, 20393.252.73
PORTUGAL (REPUBLIC OF)PTOTE6OE0006PortugalOct 15, 20164.202.72
AUSTRALIA (COMMONWEALTH OF) RegSAU3TB0000192AustraliaApr 21, 20373.752.63
PORTUGAL (REPUBLIC OF)PTOTEAOE0021PortugalOct 25, 20234.952.61
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAM0AustraliaJun 21, 20352.752.56
SPAIN (KINGDOM OF)ES00000128E2SpainJul 30, 20663.452.54
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAG2AustraliaApr 21, 20334.502.39
ITALY (REPUBLIC OF)IT0005162828ItalyMar 1, 20472.702.26
ITALY (REPUBLIC OF)IT0005083057ItalySep 1, 20463.252.23
ITALY (REPUBLIC OF)IT0004923998ItalySep 1, 20444.752.19
AUSTRALIA (COMMONWEALTH OF) RegSAU3TB0000150AustraliaApr 21, 20293.252.19
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAR9AustraliaMay 21, 20282.252.13
ITALY (REPUBLIC OF)IT0004532559ItalySep 1, 20405.002.10
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAQ1AustraliaNov 21, 20272.752.08
ITALY (REPUBLIC OF)IT0004286966ItalyAug 1, 20395.002.05
AUSTRALIA (COMMONWEALTH OF) RegSAU3TB0000135AustraliaApr 21, 20274.752.03
SPAIN (KINGDOM OF)ES00000128C6SpainOct 31, 20462.902.02
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAI8AustraliaApr 21, 20264.251.98
AUSTRALIA (COMMONWEALTH OF)AU3TB0000168AustraliaApr 21, 20253.251.95
SPAIN (KINGDOM OF)ES00000124H4SpainOct 31, 20445.151.95
ITALY (REPUBLIC OF) RegSIT0003934657ItalyFeb 1, 20374.001.91
AUSTRALIA (COMMONWEALTH OF)AU3TB0000143AustraliaApr 21, 20242.751.90
PORTUGAL OBRIGACOES DO TESOURO OTPTOTEYOE0007PortugalApr 15, 20213.851.86


Top 30 DM Corporate Eurobonds by Yield

NameISINcountryMaturityCouponYTW
AVAYA INC 144AUS053499AJ89United StatesMar 1, 202110.5066.2
PACIFIC DRILLING SA 144AUS69419BAA35United StatesJun 1, 20205.3850.3
CLEAR CHANNEL COMMUNICATIONS INCUS184502BT84United StatesJan 15, 201810.0048.4
INTELSAT LUXEMBOURG SAUS458204AP96LuxembourgJun 1, 20217.7542.1
CLAIRES STORES INC 144AUS179584AM91United StatesMar 15, 20199.0039.5
INTELSAT LUXEMBOURG SAUS458204AQ79LuxembourgJun 1, 20238.1335.5
INTELSAT LUXEMBOURG SAUS458204AN49LuxembourgJun 1, 20186.7535.3
MEMORIAL PRODUCTION PARTNERS LPUS586049AB40United StatesMay 1, 20217.6327.0
NAVIOS MARITIME HOLDINGS INC 144AUS639365AG06United StatesJan 15, 20227.3825.6
MEMORIAL PRODUCTION PARTNERS LPUS586049AE88United StatesAug 1, 20226.8823.8
GENON ENERGY INCUS37244DAC39United StatesOct 15, 20189.5023.4
EP ENERGY LLC/EVEREST ACQUISITIONUS29977HAB69United StatesMay 1, 20209.3821.5
AVAYA INC 144AUS053499AG41United StatesApr 1, 20197.0021.2
GENON ENERGY INCUS37244DAF69United StatesOct 15, 20209.8819.3
HEXION INCUS428303AM35United StatesNov 15, 20209.0019.2
CLEAR CHANNEL COMMUNICATIONS INCUS184502BN15United StatesMar 1, 202111.2518.8
CONCORDIA HEALTHCARE CORP 144AUS206519AB61CanadaOct 21, 20229.5018.2
CLEAR CHANNEL COMMUNICATIONS INCUS184502BL58United StatesDec 15, 20199.0017.8
AMERICAN ENERGY - PERMIAN BASIN LL 144AUS02563LAB45United StatesNov 1, 20207.1317.7
CLEAR CHANNEL COMMUNICATIONS INCUS184502BG63United StatesMar 1, 20219.0017.6
BANCA MONTE DEI PASCHI DI SIENA SP MTN RegSXS0503326083ItalyApr 21, 20205.0017.4
IHEARTCOMMUNICATIONS INCUS45174HAC16United StatesMar 15, 202310.6317.2
INTELSAT JACKSON HOLDINGS SAUS45824TAE55LuxembourgApr 1, 20197.2517.0
CALIFORNIA RESOURCES CORP 144AUS13057QAG29United StatesDec 15, 20228.0016.9
EP ENER/EVERESTUS268787AD07United StatesJun 15, 20236.3816.7
CONCORDIA HEALTHCARE CORP 144AUS206519AA88CanadaApr 15, 20237.0016.3
IHEARTCOMMUNICATIONS INCUS45174HAA59United StatesSep 15, 20229.0016.2
AMERICAN ENERGY-PERMIAN BASIN LLC 144AUS02563LAC28United StatesNov 1, 20217.3816.1
INTELSAT JACKSON HOLDINGS SAUS45824TAC99LuxembourgOct 15, 20207.2515.0
INTELSAT JACKSON HOLDINGS SAUS45824TAG04LuxembourgApr 1, 20217.5015.0