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Chart: 90 bn$ US has been an income missed by international bond investors due to negative rates

Source: Fitch, Business Insider




MidLincoln Country Eurobond Indexes Update



Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondVENEZUELA (BOLVARIAN REPUBLIC OF) RegS 18VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19PETROLEOS DE VENEZUELA SA MTN RegS 21VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20

Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondPETROLEOS MEXICANOS MTN 144A 23PETROLEOS MEXICANOS 45PETROLEOS MEXICANOS 23PETROLEOS MEXICANOS 22

Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondPETROLEOS DE VENEZUELA SA MTN RegS 21PETROLEOS DE VENEZUELA SA RegS 22PETROLEOS DE VENEZUELA SA RegS 35PETROLEOS DE VENEZUELA SA RegS 24

Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondSAMARCO MINERACAO SA RegS 22CSN RESOURCES SA RegS 20PETROLEOS DE VENEZUELA SA RegS 17ODEBRECHT DRILL VIII/IX RegS 21

Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryVenezuelaEthiopiaEgyptGabonAngola

Country Average Corporate Yield Change USD Eurobonds Weekly
CountryVenezuelaRussian FederationPhilippinesIndonesiaMorocco

Top 30 GEM Souvereign Eurobonds by Yield
NameVENEZUELA (BOLVARIAN REPUBLIC OF) RegSPETROLEOS DE VENEZUELA SA MTN RegSVENEZUELA (BOLVARIAN 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

Big Country Table - Stance, Ratings and Datamine


Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondFRANCE (REPUBLIC OF) 16SPAIN (KINGDOM OF) 16DENMARK (KINGDOM OF) 16ITALY (REPUBLIC OF) 16

Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondFINLAND (REPUBLIC OF) 17SWITZERLAND (CONFEDERATION OF) 18NORWAY (KINGDOM OF) 21NORWAY (KINGDOM OF) 19

Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsINTELSAT LUXEMBOURG SA 18Luxembourg39.84.50INTELSAT LUXEMBOURG SA 21Luxembourg42.32.50CONCORDIA HEALTHCARE CORP 144A 23Canada16.72.10CONCORDIA HEALTHCARE CORP 144A 22Canada18.32.00INTELSAT LUXEMBOURG SA 23Luxembourg35.12.00

Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsAVAYA INC 144A 21United States58.0-6.60MURRAY ENERGY CORP 144A 21United States22.1-1.90AVAYA INC 144A 19United States19.9-1.20BANCA MONTE DEI PASCHI DI SIENA SP MTN RegS 20Italy18.3-1.00DENBURY RESOURCES INC 23United States9.52-0.88

Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWPORTUGAL (REPUBLIC OF)PTOTE6OE0006PortugalOct 15, 20164.204.03PORTUGAL (REPUBLIC OF)PTOTEBOE0020PortugalFeb 15, 20454.103.86PORTUGAL (REPUBLIC OF)PTOTE5OE0007PortugalApr 15, 20374.103.66

Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWAVAYA INC 144AUS053499AJ89United StatesMar 1, 202110.5058.0PACIFIC DRILLING SA 144AUS69419BAA35United StatesJun 1, 20205.3851.5CLEAR CHANNEL COMMUNICATIONS INCUS184502BT84United StatesJan 15, 201810.0047.7

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

BondCountryYieldYield Change % pts
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 18Venezuela27.973.70
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19Venezuela29.833.59
PETROLEOS DE VENEZUELA SA MTN RegS 21Venezuela28.743.35
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20Venezuela25.852.94
PETROLEOS DE VENEZUELA SA RegS 22Venezuela27.882.70
VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22Venezuela26.611.98
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 23Venezuela24.791.91
VENEZUELA (BOLIVARIAN REPUBLIC OF) RegS 24Venezuela22.871.76
PETROLEOS DE VENEZUELA SA RegS 35Venezuela20.441.76
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 25Venezuela21.851.71
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 28Venezuela20.781.46
VENEZUELA BOLIVARIAN REPUBLIC OF RegS 26Venezuela22.201.42
VENEZUELA BOLIVARIAN REPUBLIC OF RegS 31Venezuela21.251.38
VENEZUELA (BOLIVARIAN REPUBLIC OF) 27Venezuela19.831.35
VENEZUELA (BOLVARIAN REPUBLIC OF) 34Venezuela19.451.34
PETROLEOS DE VENEZUELA SA RegS 24Venezuela24.051.25
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 38Venezuela16.401.24
PETROLEOS DE VENEZUELA SA RegS 27Venezuela17.991.02
PETROLEOS DE VENEZUELA SA RegS 26Venezuela20.330.93
ETHIOPIA FEDERAL DEMOCRATIC REPUB RegS 24Ethiopia7.450.67


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

BondCountryYieldYield Change %pts
PETROLEOS MEXICANOS MTN 144A 23Mexico4.31-0.24
PETROLEOS MEXICANOS 45Mexico6.36-0.24
PETROLEOS MEXICANOS 23Mexico4.28-0.21
PETROLEOS MEXICANOS 22Mexico4.21-0.21
PETROLEOS MEXICANOS 46Mexico6.30-0.21
PETROLEOS MEXICANOS 44Mexico6.24-0.21
COMISION FEDERAL DE ELECTRICIDAD RegS 24Mexico4.03-0.20
PETROLEOS MEXICANOS RegS 21Mexico3.95-0.19
PETROLEOS MEXICANOS 24Mexico4.54-0.18
PETROLEOS MEXICANOS MTN RegS 26Mexico5.00-0.17
PETROLEOS MEXICANOS 41Mexico6.43-0.17
PETROLEOS MEXICANOS MTN 144A 47Mexico6.46-0.16
PETROLEOS MEXICANOS MTN 21Mexico3.81-0.15
PETROLEOS MEXICANOS 25Mexico4.54-0.14
PETROLEOS MEXICANOS MTN 26Mexico4.71-0.13
PETROLEOS MEXICANOS 35Mexico6.26-0.13
IRAQ (REPUBLIC OF) RegS 28Iraq9.15-0.13
MONGOLIA (GOVERNMENT) RegS 22Mongolia7.27-0.12
BRAZIL (FEDERATIVE REPUBLIC OF) 45Brazil5.74-0.11
PETROLEOS MEXICANOS MTN 20Mexico3.29-0.10


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

BondCountryYieldYield Change %pts
PETROLEOS DE VENEZUELA SA MTN RegS 21Venezuela28.743.35
PETROLEOS DE VENEZUELA SA RegS 22Venezuela28.103.14
PETROLEOS DE VENEZUELA SA RegS 35Venezuela20.401.64
PETROLEOS DE VENEZUELA SA RegS 24Venezuela24.051.64
PETROLEOS DE VENEZUELA SA RegS 27Venezuela17.920.95
PETROLEOS DE VENEZUELA SA RegS 26Venezuela20.230.87
PETROLEOS DE VENEZUELA SA RegS 37Venezuela14.730.84
SB CAPITAL SA RegS 22Russian Federation4.220.22
VEB FINANCE LTD RegS 20Russian Federation4.580.20
VTB CAPITAL SA MTN RegS 20Russian Federation4.180.20
LUKOIL INTERNATIONAL FINANCE BV RegS 19Russian Federation3.220.20
LUKOIL INTERNATIONAL FINANCE BV RegS 22Russian Federation4.030.20
VTB CAPITAL SA MTN RegS 18Russian Federation3.340.20
ALFA BOND ISSUANCE PLC RegS 21Russian Federation4.430.20
VNESHECONOMBANK MTN RegS 25Russian Federation5.700.19
GAZ CAPITAL (GAZPROM) MTN RegS 22Russian Federation4.340.19
TNK-BP FINANCE SA RegS 20Russian Federation3.890.19
VIMPELCOM HOLDINGS NV RegS 22Russian Federation5.210.19
GAZ CAPITAL SA RegS 22Russian Federation4.280.18
GAZ CAPITAL SA RegS 28Russian Federation5.130.17


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

BondCountryYieldYield Change %pts
SAMARCO MINERACAO SA RegS 22Brazil25.28-1.53
CSN RESOURCES SA RegS 20Brazil18.20-1.04
PETROLEOS DE VENEZUELA SA RegS 17Venezuela40.47-0.65
ODEBRECHT DRILL VIII/IX RegS 21Brazil59.15-0.61
PETROBRAS GLOBAL FINANCE BV 20Brazil4.03-0.56
DIGICEL GROUP LTD RegS 20Jamaica11.97-0.34
GTL TRADE FINANCE INC RegS 24Brazil5.86-0.28
PETROLEOS MEXICANOS RegS 21Mexico3.89-0.27
PETROBRAS GLOBAL FINANCE BV 20Brazil4.19-0.25
PETROLEOS MEXICANOS 45Mexico6.33-0.25
PETROBRAS GLOBAL FINANCE BV 19Brazil3.88-0.25
ITAU UNIBANCO HOLDING SA RegS 20Brazil4.34-0.23
PETROLEOS MEXICANOS 22Mexico4.16-0.22
PETROLEOS MEXICANOS 41Mexico6.39-0.21
JBS INVESTMENTS GMBH RegS 24Brazil6.65-0.21
PETROBRAS GLOBAL FINANCE BV 21Brazil5.49-0.21
PETROBRAS GLOBAL FINANCE BV 21Brazil5.24-0.21
PETROLEOS MEXICANOS 19Mexico2.78-0.20
BANCO DE BOGOTA RegS 23Colombia4.90-0.20
PETROLEOS MEXICANOS 24Mexico4.54-0.18


Country Average Sovereign Yield Change USD Eurobonds Weekly

CountryAverage YieldYield Average change % pts
Venezuela22.691.87
Ethiopia7.450.67
Egypt6.070.28
Gabon8.100.27
Angola9.790.27
Russian Federation4.160.19
South Africa4.760.19
Dominican Republic5.320.17
Zambia9.180.17
Croatia (Hrvatska)3.750.16
Hungary3.230.14
Serbia3.690.14
Romania3.310.13
Ukraine8.570.13
Kazakhstan4.470.12
Philippines2.770.12
Indonesia3.890.12
Kenya7.300.11
Lebanon6.550.11
Sri Lanka5.370.09
Slovak Republic1.950.09
Malaysia3.520.09
India3.430.07
Azerbaijan4.760.07
Turkey4.700.07
Cote D'Ivoire (Ivory Coast)5.840.05
Lithuania2.030.05
El Salvador7.610.05
Costa Rica6.030.05
Ghana9.130.05
Uruguay4.040.05
Paraguay5.320.04
Morocco3.170.04
Panama2.900.03
Tunisia6.140.02
Oman4.370.02
China2.520.01
Chile2.980.01
Jamaica5.800.00
Poland2.360.00
United States0.530.00
Trinidad and Tobago4.180.00
Peru3.340.00
Argentina6.14-0.01
Brazil4.66-0.03
Vietnam3.93-0.04
Colombia3.73-0.04
Pakistan5.27-0.04
Ecuador9.59-0.08
Mexico4.18-0.11
Mongolia7.27-0.12
Iraq9.15-0.13


Country Average Corporate Yield Change USD Eurobonds Weekly

CountryAverage YieldYield Average change % pts
Venezuela24.331.47
Russian Federation4.260.18
Philippines2.660.12
Indonesia4.310.11
Morocco4.430.09
Kazakhstan6.530.09
Argentina5.920.09
South Africa4.660.09
Thailand2.470.08
Turkey5.360.07
Azerbaijan4.920.05
Qatar2.600.05
India3.680.04
United Arab Emirates2.960.04
China3.050.03
Malaysia2.240.03
Israel3.250.02
Korea (South)2.190.01
United States0.530.00
Peru2.930.00
Chile3.41-0.02
Colombia4.88-0.05
Mexico4.55-0.10
Brazil7.67-0.15
Jamaica11.97-0.34


Top 30 GEM Souvereign Eurobonds by Yield

NameISINcountryMaturityCouponYTW
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AN08VenezuelaOct 13, 20197.7529.83
PETROLEOS DE VENEZUELA SA MTN RegSUSP7807HAP03VenezuelaNov 17, 20219.0028.74
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AD26VenezuelaDec 1, 20187.0027.97
PETROLEOS DE VENEZUELA SA RegSUSP7807HAM71VenezuelaFeb 17, 202212.7527.88
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AC16VenezuelaAug 23, 202212.7526.61
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AG56VenezuelaDec 9, 20206.0025.85
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP17625AA59VenezuelaMay 7, 20239.0024.79
PETROLEOS DE VENEZUELA SA RegSUSP7807HAT25VenezuelaMay 16, 20246.0024.05
VENEZUELA (BOLIVARIAN REPUBLIC OF) RegSUSP97475AP55VenezuelaOct 13, 20248.2522.87
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AE71VenezuelaOct 21, 202611.7522.20
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSXS0217249126VenezuelaApr 21, 20257.6521.85
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AD98VenezuelaAug 5, 203111.9521.25
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP17625AB33VenezuelaMay 7, 20289.2520.78
PETROLEOS DE VENEZUELA SA RegSUSP7807HAQ85VenezuelaMay 17, 20359.7520.44
PETROLEOS DE VENEZUELA SA RegSUSP7807HAR68VenezuelaNov 15, 20266.0020.33
VENEZUELA (BOLIVARIAN REPUBLIC OF)US922646AS37VenezuelaSep 15, 20279.2519.83
VENEZUELA (BOLVARIAN REPUBLIC OF)US922646BL74VenezuelaJan 13, 20349.3819.45
PETROLEOS DE VENEZUELA SA RegSXS0294364954VenezuelaApr 12, 20275.3817.99
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AJ95VenezuelaMar 31, 20387.0016.40
PETROLEOS DE VENEZUELA SA RegSXS0294367205VenezuelaApr 12, 20375.5014.73
ANGOLA (REPUBLIC OF) RegSXS1318576086AngolaNov 12, 20259.509.79
ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS1458514673EcuadorMar 28, 202210.759.77
ECUADOR (REPUBLIC OF) RegSXS1080330704EcuadorJun 20, 20247.959.53
ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS1199929826EcuadorMar 24, 202010.509.46
ZAMBIA (REPUBLIC OF) RegSXS1267081575ZambiaJul 30, 20278.979.32
GHANA (REPUBLIC OF) RegSXS1108847531GhanaJan 18, 20268.139.22
IRAQ (REPUBLIC OF) RegSXS0240295575IraqJan 15, 20285.809.15
GHANA (REPUBLIC OF) RegSXS0956935398GhanaAug 7, 20237.889.04
ZAMBIA (REPUBLIC OF) RegSXS1056386714ZambiaApr 14, 20248.509.04
UKRAINE (GOVERNMENT OF) RegSXS1303921487UkraineSep 1, 20237.758.65


Top 30 GEM Corporate Eurobonds by Yield

NameISINcountryMaturityCouponYTW
ODEBRECHT DRILL VIII/IX RegSUSG67106AA51BrazilJun 30, 20216.3559.15
PETROLEOS DE VENEZUELA SA RegSUSP7807HAK16VenezuelaNov 2, 20178.5040.47
PETROLEOS DE VENEZUELA SA MTN RegSUSP7807HAP03VenezuelaNov 17, 20219.0028.74
PETROLEOS DE VENEZUELA SA RegSUSP7807HAM71VenezuelaFeb 17, 202212.7528.10
SAMARCO MINERACAO SA RegSUSP84050AA46BrazilNov 1, 20224.1325.28
PETROLEOS DE VENEZUELA SA RegSUSP7807HAT25VenezuelaMay 16, 20246.0024.05
PETROLEOS DE VENEZUELA SA RegSUSP7807HAQ85VenezuelaMay 17, 20359.7520.40
PETROLEOS DE VENEZUELA SA RegSUSP7807HAR68VenezuelaNov 15, 20266.0020.23
CSN RESOURCES SA RegSUSL21779AA88BrazilJul 21, 20206.5018.20
PETROLEOS DE VENEZUELA SA RegSXS0294364954VenezuelaApr 12, 20275.3817.92
PETROLEOS DE VENEZUELA SA RegSXS0294367205VenezuelaApr 12, 20375.5014.73
KAZKOMMERTSBANK JSC RegSXS0867478124KazakhstanDec 21, 20225.5013.14
DIGICEL GROUP LTD RegSUSG27631AD56JamaicaSep 30, 20208.2511.97
PETROBRAS GLOBAL FINANCE BVUS71647NAN93BrazilJun 5, 21156.858.13
PETROBRAS GLOBAL FINANCE BVUS71647NAK54BrazilMar 17, 20447.258.13
PETROBRAS GLOBAL FINANCE BVUS71645WAQ42BrazilJan 20, 20406.888.09
PETROBRAS GLOBAL FINANCE BVUS71645WAS08BrazilJan 27, 20416.758.09
VEDANTA RESOURCES PLC RegSUSG9328DAG54IndiaJun 7, 20218.257.85
PETROBRAS GLOBAL FINANCE BVUS71647NAA72BrazilMay 20, 20435.637.77
VALE OVERSEAS LIMITEDUS91911TAE38BrazilJan 17, 20348.257.30
MARFRIG HOLDINGS (EUROPE) BV RegSUSN54468AF52BrazilJun 8, 20238.007.27
VALE OVERSEAS LIMITEDUS91911TAK97BrazilNov 10, 20396.887.21
YPF SA RegSUSP989MJBE04ArgentinaJul 28, 20258.507.06
PETROBRAS GLOBAL FINANCE BVUS71647NAQ25BrazilMay 23, 20268.757.05
VALE OVERSEAS LIMITEDUS91911TAH68BrazilNov 21, 20366.887.03
ECOPETROL SAUS279158AE95ColombiaSep 18, 20437.386.95
VALE SAUS91912EAA38BrazilSep 11, 20425.636.88
TURKIYE VAKIFLAR BANKASI TAO MTN RegSXS1175854923TurkeyFeb 3, 20256.886.88
EVERGRANDE REAL ESTATE GROUP LTD RegSUSG3225AAD57ChinaOct 30, 20188.756.75
YPF SA RegSUSP989MJAY76ArgentinaApr 4, 20248.756.66


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

NameISINcountryMaturityCouponYTW
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN6X3BrazilJan 1, 20170.0013.60
BRAZIL FEDERATIVE REPUBLIC OF (GOVBRSTNCLTN707BrazilJul 1, 20170.0012.76
BRAZIL FEDERATIVE REPUBLIC OFBRSTNCNTF139BrazilJan 1, 201810.0012.02
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN723BrazilJan 1, 20180.0011.97
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN756BrazilJul 1, 20180.0011.63
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF1P8BrazilJan 1, 202710.0011.41
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN764BrazilJan 1, 20190.0011.37
BRAZIL (FEDERATIVE REPUBLIC OF)BRSTNCNTF162BrazilJan 1, 201910.0011.35
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF147BrazilJan 1, 202310.0011.34
BRAZIL FEDERATIVE REPUBLIC OFBRSTNCNTF170BrazilJan 1, 202510.0011.32
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF0N5BrazilJan 1, 202110.0011.24
TURKEY (REPUBLIC OF)TRT120325T12TurkeyMar 12, 20258.009.81
TURKEY (REPUBLIC OF)TRT110226T13TurkeyFeb 11, 202610.609.80
TURKEY (REPUBLIC OF)TRT240724T15TurkeyJul 24, 20249.009.79
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BN96BrazilJan 10, 202810.259.76
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BL31BrazilJan 5, 202212.509.75
TURKEY (REPUBLIC OF)TRT270923T11TurkeySep 27, 20238.809.75
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BT66BrazilJan 5, 20248.509.67
TURKEY (REPUBLIC OF)TRT140922T17TurkeySep 14, 20228.509.59
SOUTH AFRICA (REPUBLIC OF)ZAG000096173South AfricaFeb 28, 20488.759.51
SOUTH AFRICA (REPUBLIC OF)ZAG000107012South AfricaJan 31, 20378.509.50
SOUTH AFRICA (REPUBLIC OF)ZAG000077488South AfricaFeb 28, 20416.509.46
SOUTH AFRICA (REPUBLIC OF)ZAG000030404South AfricaMar 31, 20366.259.40
RUSSIAN FEDERATIONRU000A0JRJU8Russian FederationJun 14, 20177.409.32
RUSSIAN FEDERATIONRU000A0JS751Russian FederationApr 19, 20177.409.31
SOUTH AFRICA (REPUBLIC OF)ZAG000106998South AfricaJan 31, 20308.009.29
TURKEY (REPUBLIC OF)TRT150120T16TurkeyJan 15, 202010.509.04
TURKEY (REPUBLIC OF)TRT100719T18TurkeyJul 10, 20198.508.96
SOUTH AFRICA (REPUBLIC OF)ZAG000016320South AfricaDec 21, 202610.508.90
RUSSIAN FEDERATION RegSXS0564087541Russian FederationMar 10, 20187.858.80


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
TurkeyTurkeyUnderweight4.707.005.367.003.8005.69482.9518751.18621198.48415.42010.87078.559-3.61635.33621.924-1.993BB+Baa3BBB-BB-
BrazilBrazilUnderweight4.66-3.007.67-15.00-3.7985.468417.82841534.78215048.62917.1167.146206.082-2.02931.98142.944-7.144BB+Baa3BBBA-
MexicoMexicoUnderweight4.18-11.004.55-10.002.4115.425811.55521082.43117905.51920.4213.310128.632-2.56222.28648.637-4.830AAAA3BBB+BBB
PhilippinesPhilippinesOverweight2.7712.002.6612.006.0005.32360.4993310.3127612.58425.0832.900104.1952.61319.466-0.574BBBBaa3BBB-BBB
IndonesiaIndonesiaOverweight3.8912.004.3111.004.9005.26172.5203936.95511633.40932.4814.500258.802-2.59013.967-2.698BB+Baa3BBB-BBB-
RussiaRussian FederationOverweight4.1619.004.2618.00-1.8495.18629.21731132.73925185.53125.5027.901146.3004.23530.692-4.287BB+Ba1BBB-A
ColombiaColombiaOverweight3.73-4.004.88-5.002.5024.39072.5946253.24014171.18517.3505.29148.750-5.98225.53942.155-1.968BBBBaa2BBBBBB+
ChinaChinaOverweight2.521.003.053.006.4904.28997.670711383.03315095.20744.4251.8001381.4542.60428.357-2.884AA-Aa3A+AA+
HungaryHungaryOverweight3.2314.002.3004.0916117.72927145.74527.5251.2009.8355.38644.59271.042BBBa1BB+BBB-
PolandPolandUnderweight2.360.003.5713.6866473.50127670.46318.8410.48138.003-1.75739.35626.071-3.374A-A2A-A-
South AfricaSouth AfricaUnderweight4.7619.004.669.000.6123.63561.4357266.21313166.21314.4036.90055.831-4.36730.13946.222-3.178BBB-Baa1BBBA
VenezuelaVenezuelaUnderweight22.69187.0024.33147.00-8.0003.50803.3616185.61115251.50713.053720.03631.416-6.55213.974BB2B+BB+
PeruPeruOverweight3.340.002.930.003.7443.21841.3003178.64312580.60320.8003.41832.405-3.88120.4527.543-1.715BBB+A3BBB+BBB+
KazakhstanKazakhstanOverweight4.4712.006.539.000.1353.09412.3742116.15124176.91423.2469.00017.947-3.96418.379-26.952-3.983BBB+Baa2BBBBBB-
CroatiaCroatia (Hrvatska)Overweight3.7516.001.9003.062049.92822296.21921.3320.8004.2042.65443.743-2.655BB+Baa3BBBBBB-
LebanonLebanonUnderweight6.5511.001.0003.036752.79718425.821-1.1552.0004.597-21.33219.529134.941-13.571BB1B
UkraineUkraineUnderweight8.5713.001.4812.603083.5508185.25813.50313.04042.501-2.58637.83390.593-2.914BBB-Caa1CCCB-
ArgentinaArgentinaOverweight6.14-1.005.929.00-1.0072.11160.2414437.85622303.20516.20524.95343.564-1.65735.844-5.976SDCaa1RDD
LithuaniaLithuaniaUnderweight2.035.002.7342.039943.02429716.64715.8301.4302.875-3.04733.85139.413-0.658A-Baa1A-BBB-
RomaniaRomaniaUnderweight3.3113.004.2002.0348181.94421916.39522.7531.50019.869-1.73330.769-3.032BBB-Baa3BBB-BB+
ChileChileOverweight2.981.003.41-2.001.5371.85042.5142235.41923803.28320.0583.52718.196-2.10023.512-1.137-2.325AA-Aa3A+AA
UruguayUruguayUnderweight4.045.001.3871.771953.14521944.29614.8709.0803.427-3.94228.46925.729-3.931BBB-Baa2BBB-BB+
SerbiaSerbiaUnderweight3.6914.001.7501.675337.38114047.02614.3712.5897.132-4.41140.18875.454-2.825BB-B1B+BB-
MalaysiaMalaysiaOverweight3.529.002.243.004.4001.53970.9447309.26227278.20028.0223.13131.5232.33620.492-3.667A-A3A-A+
Dominican RepublicDominican RepublicUnderweight5.3217.005.4001.431271.43315776.94719.9523.34010.098-1.67314.58135.109-2.603B+B1B
PanamaPanamaUnderweight2.903.006.1001.376055.75522861.40639.9310.8004.086-6.06920.04236.362-0.574BBBBaa2BBBA-
Sri LankaSri LankaUnderweight5.379.005.0001.313884.80711127.25930.0784.06021.252-0.79313.590B+B1BB-B+
IraqIraqOverweight9.15-13.007.1540.8345148.41116323.3237.9212.00036.067-14.44333.063
C?te dIvoireCote D'Ivoire (Ivory Coast)Overweight5.845.000.8122
LatviaLatviaUnderweight3.2040.753828.17725883.26920.1821.5721.976-2.02436.02731.920-1.104A-Baa1A-BB
EcuadorEcuadorOverweight9.59-8.00-4.4970.723394.01410698.29615.4010.80316.529-2.32930.416-0.599B+Caa1BB-
AzerbaijanAzerbaijanOverweight4.767.004.925.00-2.9910.699835.14117486.51125.70418.0009.492-0.18527.927BBB-Baa3BBB-
Costa RicaCosta RicaUnderweight6.035.004.2500.630556.90816088.60914.9353.0004.900-4.21114.537BBBaa3BB+
PakistanPakistanUnderweight5.27-4.004.5000.6084n/a5173.96014.1664.500189.870-1.13515.74558.449B-Caa1CCC
KenyaKenyaUnderweight7.3011.005.9820.596064.6883338.35114.1735.80045.478-8.27320.52053.109B+B+B
Slovak RepublicSlovak RepublicOverweight1.959.003.3470.539489.79731012.83421.7200.6615.418-0.98338.459-2.121
GabonGabonOverweight8.1027.003.1820.514114.16619149.89129.0092.5001.881-7.20219.824BB-BB-
MoroccoMoroccoUnderweight3.174.004.439.002.2560.49590.8213108.0968349.71234.7881.30033.8270.42325.27163.809-4.361BBB-Ba1BBB-BBB
AngolaAngolaOverweight9.7927.002.5140.403881.4977380.793-1.07919.19425.868-11.58821.571BB-Ba3BB-BB-
ZambiaZambiaOverweight9.1817.003.4250.389819.1173917.73826.45114.30016.717-3.80716.91655.466B+B+
VietnamVietnamUnderweight3.93-4.006.3000.3652201.3616399.67426.6372.00092.6370.56221.658BB-B1B+B+
El SalvadorEl SalvadorUnderweight7.615.002.5000.359327.3278558.82711.1661.8506.403-3.02718.476BB-Ba2BB-
ParaguayParaguayUnderweight5.324.002.8930.351726.8048905.02415.0354.5007.115-1.23921.75622.157-2.597BB-B1B+
EgyptEgyptUnderweight6.0728.003.2560.3465n/a12113.09410.61110.23390.203-5.33921.77780.803-11.119CCC+Caa1B-B-
GhanaGhanaUnderweight9.135.004.5320.317738.1714390.97416.77312.36927.573-7.22020.96772.075BB+B
MongoliaMongoliaOverweight7.27-12.000.4060.212711.65212133.48319.2053.7103.014-10.65225.965BB-B1B+BB-
Hong KongHong KongUnderweight3.0607AAAAa1AA+AAA
IndiaIndiaUnderweight3.437.003.684.007.4544.85822288.7156598.97031.2445.1371309.713-1.50620.982-6.959BBB-Baa3BBB-BBB+
IsraelIsraelUnderweight3.252.002.8471.0819306.19434335.65323.8750.4548.5284.04537.25362.598-3.593A+A1AA-
JamaicaJamaicaUnderweight5.800.0011.97-34.002.2060.793814.0578990.92513.2675.3002.829-2.86627.963CCC+B3B-
KoreaKorea (South)Overweight2.191.002.6687.93031321.19637699.19335.1711.74850.8358.24520.91135.3400.625
QatarQatarOverweight2.605.003.4012.0557170.860129511.84852.6922.578-5.03632.395-122.512AAAa2AA-
SingaporeSingaporeOverweight1.7732.8012294.56086853.68647.0811.3435.58421.16421.6772.065AAAAaaAAAAAA
ThailandThailandUnderweight2.478.002.9892.0484409.72416706.32433.4521.57868.9817.95322.307-0.050BBB+Baa1BBB+BBB
United Arab EmiratesUnited Arab EmiratesOverweight2.964.002.3704.3014325.13567946.48824.7503.2029.856-0.97627.156-273.575Aa2BBB+


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

BondCountryYieldYield Change % pts
FRANCE (REPUBLIC OF) 16France1.560.79
SPAIN (KINGDOM OF) 16Spain0.850.42
DENMARK (KINGDOM OF) 16Denmark-0.10.17
ITALY (REPUBLIC OF) 16Italy-0.00.15
UK TSY GILT RegS 25United Kingdom0.860.14
UK CONV GILT 25United Kingdom0.920.14
UK CONV GILT RegS 24United Kingdom0.800.14
DENMARK (KINGDOM OF) 21Denmark-0.20.14
UNITED KINGDOM (GOVERNMENT OF) 26United Kingdom1.010.13
UK CONV GILT RegS 28United Kingdom1.150.13
UK CONV GILT RegS 27United Kingdom1.110.13
UK CONV GILT RegS 23United Kingdom0.660.13
UK CONV GILT RegS 22United Kingdom0.540.13
GERMANY (FEDERAL REPUBLIC OF) 25Germany-0.10.13
UK CONV GILT RegS 21United Kingdom0.390.12
SPAIN (KINGDOM OF) 17Spain-0.10.12
UK CONV GILT RegS 21United Kingdom0.400.12
UK CONV GILT RegS 22United Kingdom0.450.12
UNITED KINGDOM (GOVERNMENT OF) 21United Kingdom0.410.12
UK CONV GILT RegS 30United Kingdom1.280.12


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

BondCountryYieldYield Change % pts
FINLAND (REPUBLIC OF) 17Finland-0.6-0.08
SWITZERLAND (CONFEDERATION OF) 18Switzerland-1.0-0.08
FINLAND (REPUBLIC OF) 17Finland-0.6-0.05
NORWAY (KINGDOM OF) 21Norway0.92-0.05