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Chart: Global growth is expected to pick up in 2017. Public debt levels are expected to level off, while private debt is contracting.

Source: Seekingalpha




MidLincoln Country Eurobond Indexes Update



Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondVENEZUELA (BOLVARIAN REPUBLIC OF) RegS 18PETROLEOS DE VENEZUELA SA RegS 24VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20

Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondESKOM HOLDINGS SOC LTD MTN RegS 23ECUADOR (REPUBLIC OF) RegS 24ECUADOR REPUBLIC OF (GOVERNMENT) RegS 20EL SALVADOR REPUBLIC RegS 35

Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondPETROLEOS DE VENEZUELA SA RegS 17PETROLEOS DE VENEZUELA SA RegS 24PETROLEOS DE VENEZUELA SA RegS 26PETROLEOS DE VENEZUELA SA MTN RegS 21

Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondCSN RESOURCES SA RegS 20KAZKOMMERTSBANK JSC RegS 22GERDAU HOLDINGS INC RegS 20VALE OVERSEAS LTD 21

Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryVenezuelaIraqMexicoAngolaDominican Republic

Country Average Corporate Yield Change USD Eurobonds Weekly
CountryVenezuelaMexicoIsraelColombiaJamaica

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 Yield
NamePETROLEOS DE VENEZUELA SA RegSODEBRECHT DRILL VIII/IX 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
BondSPAIN (KINGDOM OF) 16DENMARK (KINGDOM OF) 16ITALY (REPUBLIC OF) 40ITALY (REPUBLIC OF) 44

Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondITALY (REPUBLIC OF) 16SWEDEN (KINGDOM OF) 19BELGIUM (KINGDOM OF) 17FRANCE (REPUBLIC OF) 17

Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsCHS/COMMUNITY HEALTH SYSTEMS INC 20United States13.23.48COMMUNITY HEALTH SYSTEMS INC 19United States12.33.18CHS/COMMUNITY HEALTH SYSTEMS INC 22United States13.22.80CLAIRES STORES INC 144A 19United States44.12.60CONCORDIA HEALTHCARE CORP 144A 22Canada21.11.70

Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsINTELSAT LUXEMBOURG SA 18Luxembourg35.0-2.60BANCA MONTE DEI PASCHI DI SIENA SP MTN RegS 20Italy13.2-2.20CMA CGM SA RegS 18France11.3-1.90AK STEEL CORPORATION 21United States7.44-1.57MURRAY ENERGY CORP 144A 21United States19.2-1.50

Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWSPAIN (KINGDOM OF)ES00000123J2SpainOct 31, 20164.254.08PORTUGAL (REPUBLIC OF)PTOTEBOE0020PortugalFeb 15, 20454.103.86PORTUGAL (REPUBLIC OF)PTOTE5OE0007PortugalApr 15, 20374.103.66

Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWPACIFIC DRILLING SA 144AUS69419BAA35United StatesJun 1, 20205.3852.0AVAYA INC 144AUS053499AJ89United StatesMar 1, 202110.5047.7CLEAR CHANNEL COMMUNICATIONS INCUS184502BT84United StatesJan 15, 201810.0044.8

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

BondCountryYieldYield Change % pts
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 18Venezuela34.832.56
PETROLEOS DE VENEZUELA SA RegS 24Venezuela27.042.40
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19Venezuela35.532.31
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20Venezuela30.221.90
PETROLEOS DE VENEZUELA SA RegS 26Venezuela23.001.77
PETROLEOS DE VENEZUELA SA RegS 35Venezuela23.071.60
PETROLEOS DE VENEZUELA SA MTN RegS 21Venezuela32.801.60
PETROLEOS DE VENEZUELA SA RegS 27Venezuela20.401.51
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 23Venezuela27.711.48
PETROLEOS DE VENEZUELA SA RegS 37Venezuela16.781.47
PETROLEOS DE VENEZUELA SA RegS 22Venezuela31.101.31
VENEZUELA (BOLIVARIAN REPUBLIC OF) RegS 24Venezuela24.941.20
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 25Venezuela23.781.15
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 28Venezuela22.741.02
VENEZUELA (BOLVARIAN REPUBLIC OF) 34Venezuela21.320.95
VENEZUELA (BOLIVARIAN REPUBLIC OF) 27Venezuela21.460.91
VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22Venezuela29.690.85
VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 38Venezuela17.500.84
PETROLEOS MEXICANOS 35Mexico6.580.56
IRAQ (REPUBLIC OF) RegS 28Iraq9.600.53


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

BondCountryYieldYield Change %pts
ESKOM HOLDINGS SOC LTD MTN RegS 23South Africa6.30-0.26
ECUADOR (REPUBLIC OF) RegS 24Ecuador8.84-0.21
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 20Ecuador8.60-0.17
EL SALVADOR REPUBLIC RegS 35El Salvador7.28-0.16
BANCO NACIONAL DE DESENVOLVIMENTO RegS 19Brazil3.33-0.16
SRI LANKA (DEMOCRATIC SOCIALIST RE RegS 19Sri Lanka4.53-0.15
ESKOM HOLDINGS LTD RegS 21South Africa5.78-0.14
LEBANON REPUBLIC OF (GOVERNMENT) MTN RegS 18Lebanon5.87-0.13
MAJAPAHIT HOLDING BV RegS 20Indonesia3.00-0.13
ESKOM HOLDINGS SOC LTD MTN RegS 25South Africa6.86-0.12
LEBANON (REPUBLIC OF) MTN RegS 21Lebanon6.35-0.11
PAKISTAN (ISLAMIC REPUBLIC OF) RegS 19Pakistan4.63-0.11
UKRAINE (GOVERNMENT OF) RegS 19Ukraine7.84-0.10
LEBANON REPUBLIC OF (GOVERNMENT) MTN RegS 23Lebanon6.59-0.10
TRANSNET SOC LTD MTN RegS 22South Africa4.68-0.10
LEBANON REPUBLIC OF (GOVERNMENT) MTN RegS 27Lebanon6.95-0.09
SRI LANKA DEMOCRATIC SOCIALIST (RE RegS 20Sri Lanka5.04-0.08
HUNGARY (REPUBLIC OF) 21Hungary2.78-0.07
SRI LANKA DEMOCRATIC SOCIALIST (RE RegS 21Sri Lanka5.22-0.07
REPUBLIC OF HUNGARY 20Hungary2.46-0.06


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

BondCountryYieldYield Change %pts
PETROLEOS DE VENEZUELA SA RegS 17Venezuela109.4157.15
PETROLEOS DE VENEZUELA SA RegS 24Venezuela26.882.24
PETROLEOS DE VENEZUELA SA RegS 26Venezuela23.002.01
PETROLEOS DE VENEZUELA SA MTN RegS 21Venezuela32.801.74
PETROLEOS DE VENEZUELA SA RegS 27Venezuela20.401.62
PETROLEOS DE VENEZUELA SA RegS 35Venezuela23.071.26
PETROLEOS DE VENEZUELA SA RegS 37Venezuela16.571.26
PETROLEOS DE VENEZUELA SA RegS 22Venezuela31.021.23
PETROLEOS MEXICANOS 35Mexico6.580.60
PETROBRAS GLOBAL FINANCE BV 21Brazil5.850.51
PETROBRAS GLOBAL FINANCE BV 20Brazil4.650.51
PETROLEOS MEXICANOS 45Mexico6.800.51
JBS INVESTMENTS GMBH RegS 24Brazil7.100.50
PETROLEOS MEXICANOS MTN RegS 26Mexico5.290.49
PETROLEOS MEXICANOS 44Mexico6.610.49
PETROLEOS MEXICANOS 46Mexico6.720.48
PETROLEOS MEXICANOS MTN 26Mexico4.940.46
PETROLEOS MEXICANOS 23Mexico4.580.46
PETROLEOS MEXICANOS 41Mexico6.730.45
CAIXA ECONOMICA FEDERAL RegS 17Brazil3.300.44


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

BondCountryYieldYield Change %pts
CSN RESOURCES SA RegS 20Brazil16.46-0.74
KAZKOMMERTSBANK JSC RegS 22Kazakhstan12.49-0.43
GERDAU HOLDINGS INC RegS 20Brazil4.00-0.33
VALE OVERSEAS LTD 21Brazil4.24-0.31
VALE OVERSEAS LIMITED 22Brazil4.19-0.29
YPF SA RegS 18Argentina4.23-0.28
VALE OVERSEAS LTD 26Brazil5.26-0.25
VALE OVERSEAS LIMITED 34Brazil6.94-0.22
VEDANTA RESOURCES PLC RegS 21India7.56-0.19
VALE OVERSEAS LIMITED 39Brazil6.95-0.19
EMPRESA NACIONAL DE TELECOMUNICACI RegS 24Chile4.11-0.18
EVERGRANDE REAL ESTATE GROUP LTD RegS 18China6.85-0.15
ALFA BOND ISSUANCE PLC RegS 21Russian Federation4.33-0.14
BANCO NACIONAL DE DESENVOLVIMENTO RegS 20Brazil4.04-0.14
VALE SA 42Brazil6.67-0.13
ESKOM HOLDINGS LTD RegS 21South Africa5.84-0.11
VALE OVERSEAS LIMITED 36Brazil6.78-0.11
YPF SA RegS 21Argentina5.86-0.10
EVRAZ GROUP SA RegS 21Russian Federation5.89-0.09
CENTRAIS ELETRICAS BRASILEIRAS SA RegS 19Brazil4.91-0.09


Country Average Sovereign Yield Change USD Eurobonds Weekly

CountryAverage YieldYield Average change % pts
Venezuela25.501.36
Iraq9.600.53
Mexico4.390.27
Angola9.840.26
Dominican Republic5.490.23
Ghana8.790.21
Mongolia7.480.20
Colombia3.860.19
Turkey4.890.19
Zambia9.050.19
Chile3.060.17
Tunisia6.340.16
Peru3.500.15
Ethiopia7.500.15
Kazakhstan4.530.15
Costa Rica6.100.14
Argentina6.230.14
Jamaica5.840.13
Egypt6.050.13
Croatia (Hrvatska)3.690.12
Cote D'Ivoire (Ivory Coast)5.890.11
Panama2.990.11
Indonesia3.980.10
Lithuania2.100.09
Paraguay5.390.09
Trinidad and Tobago4.290.09
China2.560.09
Uruguay4.080.09
Brazil4.680.09
Philippines2.860.08
India3.490.08
Morocco3.120.07
Oman4.220.07
Malaysia3.570.06
Serbia3.600.06
Russian Federation4.200.06
Azerbaijan4.740.03
Romania3.290.03
Ukraine8.280.02
Poland2.340.02
Vietnam3.940.02
United States0.530.01
South Africa4.610.00
Kenya6.920.00
Gabon7.940.00
Slovak Republic1.92-0.02
Hungary3.16-0.03
Sri Lanka5.39-0.03
Lebanon6.57-0.06
Pakistan5.39-0.08
Ecuador8.91-0.15
El Salvador7.28-0.16


Country Average Corporate Yield Change USD Eurobonds Weekly

CountryAverage YieldYield Average change % pts
Venezuela35.398.56
Mexico4.600.22
Israel3.440.15
Colombia4.990.12
Jamaica12.020.12
Philippines2.760.10
Turkey5.520.10
Malaysia2.310.09
Korea (South)2.260.09
China3.120.07
Brazil7.490.07
Indonesia4.390.07
Thailand2.480.06
Chile3.450.06
India3.680.05
United Arab Emirates2.960.04
Russian Federation4.290.02
Qatar2.930.01
United States0.530.01
Morocco4.440.00
Azerbaijan4.820.00
Oman4.57-0.01
Peru2.87-0.02
Argentina6.05-0.04
South Africa4.59-0.05
Kazakhstan6.39-0.07


Top 30 GEM Souvereign Eurobonds by Yield

NameISINcountryMaturityCouponYTW
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AN08VenezuelaOct 13, 20197.7535.53
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AD26VenezuelaDec 1, 20187.0034.83
PETROLEOS DE VENEZUELA SA MTN RegSUSP7807HAP03VenezuelaNov 17, 20219.0032.80
PETROLEOS DE VENEZUELA SA RegSUSP7807HAM71VenezuelaFeb 17, 202212.7531.10
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AG56VenezuelaDec 9, 20206.0030.22
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AC16VenezuelaAug 23, 202212.7529.69
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP17625AA59VenezuelaMay 7, 20239.0027.71
PETROLEOS DE VENEZUELA SA RegSUSP7807HAT25VenezuelaMay 16, 20246.0027.04
VENEZUELA (BOLIVARIAN REPUBLIC OF) RegSUSP97475AP55VenezuelaOct 13, 20248.2524.94
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSXS0217249126VenezuelaApr 21, 20257.6523.78
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AE71VenezuelaOct 21, 202611.7523.52
PETROLEOS DE VENEZUELA SA RegSUSP7807HAQ85VenezuelaMay 17, 20359.7523.07
PETROLEOS DE VENEZUELA SA RegSUSP7807HAR68VenezuelaNov 15, 20266.0023.00
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP17625AB33VenezuelaMay 7, 20289.2522.74
VENEZUELA BOLIVARIAN REPUBLIC OF RegSUSP17625AD98VenezuelaAug 5, 203111.9522.52
VENEZUELA (BOLIVARIAN REPUBLIC OF)US922646AS37VenezuelaSep 15, 20279.2521.46
VENEZUELA (BOLVARIAN REPUBLIC OF)US922646BL74VenezuelaJan 13, 20349.3821.32
PETROLEOS DE VENEZUELA SA RegSXS0294364954VenezuelaApr 12, 20275.3820.40
VENEZUELA (BOLVARIAN REPUBLIC OF) RegSUSP97475AJ95VenezuelaMar 31, 20387.0017.50
PETROLEOS DE VENEZUELA SA RegSXS0294367205VenezuelaApr 12, 20375.5016.78
ANGOLA (REPUBLIC OF) RegSXS1318576086AngolaNov 12, 20259.509.84
IRAQ (REPUBLIC OF) RegSXS0240295575IraqJan 15, 20285.809.60
ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS1458514673EcuadorMar 28, 202210.759.30
ZAMBIA (REPUBLIC OF) RegSXS1267081575ZambiaJul 30, 20278.979.24
GHANA (REPUBLIC OF) RegSXS1108847531GhanaJan 18, 20268.138.91
ZAMBIA (REPUBLIC OF) RegSXS1056386714ZambiaApr 14, 20248.508.85
ECUADOR (REPUBLIC OF) RegSXS1080330704EcuadorJun 20, 20247.958.84
GHANA (REPUBLIC OF) RegSXS0956935398GhanaAug 7, 20237.888.66
ECUADOR REPUBLIC OF (GOVERNMENT) RegSXS1199929826EcuadorMar 24, 202010.508.60
UKRAINE (GOVERNMENT OF) RegSXS1303927179UkraineSep 1, 20277.758.46


Top 30 GEM Corporate Eurobonds by Yield

NameISINcountryMaturityCouponYTW
PETROLEOS DE VENEZUELA SA RegSUSP7807HAK16VenezuelaNov 2, 20178.50109.41
ODEBRECHT DRILL VIII/IX RegSUSG67106AA51BrazilJun 30, 20216.3558.04
PETROLEOS DE VENEZUELA SA MTN RegSUSP7807HAP03VenezuelaNov 17, 20219.0032.80
PETROLEOS DE VENEZUELA SA RegSUSP7807HAM71VenezuelaFeb 17, 202212.7531.02
PETROLEOS DE VENEZUELA SA RegSUSP7807HAT25VenezuelaMay 16, 20246.0026.88
SAMARCO MINERACAO SA RegSUSP84050AA46BrazilNov 1, 20224.1323.07
PETROLEOS DE VENEZUELA SA RegSUSP7807HAQ85VenezuelaMay 17, 20359.7523.07
PETROLEOS DE VENEZUELA SA RegSUSP7807HAR68VenezuelaNov 15, 20266.0023.00
PETROLEOS DE VENEZUELA SA RegSXS0294364954VenezuelaApr 12, 20275.3820.40
PETROLEOS DE VENEZUELA SA RegSXS0294367205VenezuelaApr 12, 20375.5016.57
CSN RESOURCES SA RegSUSL21779AA88BrazilJul 21, 20206.5016.46
KAZKOMMERTSBANK JSC RegSXS0867478124KazakhstanDec 21, 20225.5012.49
DIGICEL GROUP LTD RegSUSG27631AD56JamaicaSep 30, 20208.2512.02
PETROBRAS GLOBAL FINANCE BVUS71647NAN93BrazilJun 5, 21156.858.01
PETROBRAS GLOBAL FINANCE BVUS71647NAK54BrazilMar 17, 20447.257.96
PETROBRAS GLOBAL FINANCE BVUS71645WAQ42BrazilJan 20, 20406.887.84
PETROBRAS GLOBAL FINANCE BVUS71645WAS08BrazilJan 27, 20416.757.80
PETROBRAS GLOBAL FINANCE BVUS71647NAA72BrazilMay 20, 20435.637.57
VEDANTA RESOURCES PLC RegSUSG9328DAG54IndiaJun 7, 20218.257.56
MARFRIG HOLDINGS (EUROPE) BV RegSUSN54468AF52BrazilJun 8, 20238.007.37
YPF SA RegSUSP989MJBE04ArgentinaJul 28, 20258.507.18
ECOPETROL SAUS279158AE95ColombiaSep 18, 20437.387.15
JBS INVESTMENTS GMBH RegSUSA29866AB53BrazilApr 3, 20247.257.10
TURKIYE VAKIFLAR BANKASI TAO MTN RegSXS1175854923TurkeyFeb 3, 20256.886.99
PETROBRAS GLOBAL FINANCE BVUS71647NAQ25BrazilMay 23, 20268.756.96
VALE OVERSEAS LIMITEDUS91911TAK97BrazilNov 10, 20396.886.95
VALE OVERSEAS LIMITEDUS91911TAE38BrazilJan 17, 20348.256.94
YPF SA RegSUSP989MJAY76ArgentinaApr 4, 20248.756.91
EVERGRANDE REAL ESTATE GROUP LTD RegSUSG3225AAD57ChinaOct 30, 20188.756.85
PETROLEOS MEXICANOSUS71654QBR20MexicoJan 23, 20456.386.80


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

NameISINcountryMaturityCouponYTW
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN6X3BrazilJan 1, 20170.0013.3
BRAZIL FEDERATIVE REPUBLIC OF (GOVBRSTNCLTN707BrazilJul 1, 20170.0012.7
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN723BrazilJan 1, 20180.0012.1
BRAZIL FEDERATIVE REPUBLIC OFBRSTNCNTF139BrazilJan 1, 201810.0012.1
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN756BrazilJul 1, 20180.0011.8
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCLTN764BrazilJan 1, 20190.0011.4
BRAZIL (FEDERATIVE REPUBLIC OF)BRSTNCNTF162BrazilJan 1, 201910.0011.4
BRAZIL FEDERATIVE REPUBLIC OFBRSTNCNTF170BrazilJan 1, 202510.0011.3
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF1P8BrazilJan 1, 202710.0011.3
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF147BrazilJan 1, 202310.0011.3
BRAZIL FEDERATIVE REPUBLIC OF (GOBRSTNCNTF0N5BrazilJan 1, 202110.0011.2
TURKEY (REPUBLIC OF)TRT110226T13TurkeyFeb 11, 202610.609.90
TURKEY (REPUBLIC OF)TRT270923T11TurkeySep 27, 20238.809.87
TURKEY (REPUBLIC OF)TRT240724T15TurkeyJul 24, 20249.009.87
TURKEY (REPUBLIC OF)TRT120325T12TurkeyMar 12, 20258.009.87
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BN96BrazilJan 10, 202810.259.87
TURKEY (REPUBLIC OF)TRT140922T17TurkeySep 14, 20228.509.69
SOUTH AFRICA (REPUBLIC OF)ZAG000096173South AfricaFeb 28, 20488.759.53
SOUTH AFRICA (REPUBLIC OF)ZAG000107012South AfricaJan 31, 20378.509.51
SOUTH AFRICA (REPUBLIC OF)ZAG000077488South AfricaFeb 28, 20416.509.48
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BT66BrazilJan 5, 20248.509.47
BRAZIL FEDERATIVE REPUBLIC OF (GOUS105756BL31BrazilJan 5, 202212.509.45
TURKEY (REPUBLIC OF)TRT150120T16TurkeyJan 15, 202010.509.44
SOUTH AFRICA (REPUBLIC OF)ZAG000030404South AfricaMar 31, 20366.259.40
SOUTH AFRICA (REPUBLIC OF)ZAG000106998South AfricaJan 31, 20308.009.27
RUSSIAN FEDERATIONRU000A0JRJU8Russian FederationJun 14, 20177.409.20
TURKEY (REPUBLIC OF)TRT100719T18TurkeyJul 10, 20198.509.16
RUSSIAN FEDERATIONRU000A0JS751Russian FederationApr 19, 20177.408.91
SOUTH AFRICA (REPUBLIC OF)ZAG000016320South AfricaDec 21, 202610.508.87
TURKEY (REPUBLIC OF)TRT140218T10TurkeyFeb 14, 20186.308.86


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
TurkeyTurkeyUnderweight4.710.005.393.003.8005.69482.9518751.18621198.48415.42010.87078.559-3.61635.33621.924-1.993BB+Baa3BBB-BB-
BrazilBrazilUnderweight4.59-6.007.47-20.00-3.7985.468417.82841534.78215048.62917.1167.146206.082-2.02931.98142.944-7.144BB+Baa3BBBA-
MexicoMexicoUnderweight4.12-7.004.44-11.002.4115.425811.55521082.43117905.51920.4213.310128.632-2.56222.28648.637-4.830AAAA3BBB+BBB
PhilippinesPhilippinesOverweight2.770.002.660.006.0005.32360.4993310.3127612.58425.0832.900104.1952.61319.466-0.574BBBBaa3BBB-BBB
IndonesiaIndonesiaOverweight3.88-1.004.321.004.9005.26172.5203936.95511633.40932.4814.500258.802-2.59013.967-2.698BB+Baa3BBB-BBB-
RussiaRussian FederationOverweight4.14-1.004.282.00-1.8495.18629.21731132.73925185.53125.5027.901146.3004.23530.692-4.287BB+Ba1BBB-A
ColombiaColombiaOverweight3.68-5.004.86-1.002.5024.39072.5946253.24014171.18517.3505.29148.750-5.98225.53942.155-1.968BBBBaa2BBBBBB+
ChinaChinaOverweight2.50-2.003.050.006.4904.28997.670711383.03315095.20744.4251.8001381.4542.60428.357-2.884AA-Aa3A+AA+
HungaryHungaryOverweight3.19-5.002.3004.0916117.72927145.74527.5251.2009.8355.38644.59271.042BBBa1BB+BBB-
PolandPolandUnderweight2.32-4.003.5713.6866473.50127670.46318.8410.48138.003-1.75739.35626.071-3.374A-A2A-A-
South AfricaSouth AfricaUnderweight4.60-16.004.63-3.000.6123.63561.4357266.21313166.21314.4036.90055.831-4.36730.13946.222-3.178BBB-Baa1BBBA
VenezuelaVenezuelaUnderweight24.14144.0026.83250.00-8.0003.50803.3616185.61115251.50713.053720.03631.416-6.55213.974BB2B+BB+
PeruPeruOverweight3.340.002.89-4.003.7443.21841.3003178.64312580.60320.8003.41832.405-3.88120.4527.543-1.715BBB+A3BBB+BBB+
KazakhstanKazakhstanOverweight4.38-9.006.46-7.000.1353.09412.3742116.15124176.91423.2469.00017.947-3.96418.379-26.952-3.983BBB+Baa2BBBBBB-
CroatiaCroatia (Hrvatska)Overweight3.58-17.001.9003.062049.92822296.21921.3320.8004.2042.65443.743-2.655BB+Baa3BBBBBB-
LebanonLebanonUnderweight6.637.001.0003.036752.79718425.821-1.1552.0004.597-21.33219.529134.941-13.571BB1B
UkraineUkraineUnderweight8.26-31.001.4812.603083.5508185.25813.50313.04042.501-2.58637.83390.593-2.914BBB-Caa1CCCB-
ArgentinaArgentinaOverweight6.09-5.006.0917.00-1.0072.11160.2414437.85622303.20516.20524.95343.564-1.65735.844-5.976SDCaa1RDD
LithuaniaLithuaniaUnderweight2.01-2.002.7342.039943.02429716.64715.8301.4302.875-3.04733.85139.413-0.658A-Baa1A-BBB-
RomaniaRomaniaUnderweight3.26-5.004.2002.0348181.94421916.39522.7531.50019.869-1.73330.769-3.032BBB-Baa3BBB-BB+
ChileChileOverweight2.89-9.003.39-2.001.5371.85042.5142235.41923803.28320.0583.52718.196-2.10023.512-1.137-2.325AA-Aa3A+AA
UruguayUruguayUnderweight3.99-5.001.3871.771953.14521944.29614.8709.0803.427-3.94228.46925.729-3.931BBB-Baa2BBB-BB+
SerbiaSerbiaUnderweight3.54-15.001.7501.675337.38114047.02614.3712.5897.132-4.41140.18875.454-2.825BB-B1B+BB-
MalaysiaMalaysiaOverweight3.50-1.002.22-2.004.4001.53970.9447309.26227278.20028.0223.13131.5232.33620.492-3.667A-A3A-A+
Dominican RepublicDominican RepublicUnderweight5.26-6.005.4001.431271.43315776.94719.9523.34010.098-1.67314.58135.109-2.603B+B1B
PanamaPanamaUnderweight2.89-1.006.1001.376055.75522861.40639.9310.8004.086-6.06920.04236.362-0.574BBBBaa2BBBA-
Sri LankaSri LankaUnderweight5.425.005.0001.313884.80711127.25930.0784.06021.252-0.79313.590B+B1BB-B+
IraqIraqOverweight9.07-8.007.1540.8345148.41116323.3237.9212.00036.067-14.44333.063
C?te dIvoireCote D'Ivoire (Ivory Coast)Overweight5.77-6.000.8122
LatviaLatviaUnderweight3.2040.753828.17725883.26920.1821.5721.976-2.02436.02731.920-1.104A-Baa1A-BB
EcuadorEcuadorOverweight9.06-53.00-4.4970.723394.01410698.29615.4010.80316.529-2.32930.416-0.599B+Caa1BB-
AzerbaijanAzerbaijanOverweight4.71-5.004.82-10.00-2.9910.699835.14117486.51125.70418.0009.492-0.18527.927BBB-Baa3BBB-
Costa RicaCosta RicaUnderweight5.95-8.004.2500.630556.90816088.60914.9353.0004.900-4.21114.537BBBaa3BB+
PakistanPakistanUnderweight5.21-6.004.5000.6084n/a5173.96014.1664.500189.870-1.13515.74558.449B-Caa1CCC
KenyaKenyaUnderweight6.92-38.005.9820.596064.6883338.35114.1735.80045.478-8.27320.52053.109B+B+B
Slovak RepublicSlovak RepublicOverweight1.94-1.003.3470.539489.79731012.83421.7200.6615.418-0.98338.459-2.121
GabonGabonOverweight7.94-16.003.1820.514114.16619149.89129.0092.5001.881-7.20219.824BB-BB-
MoroccoMoroccoUnderweight3.05-12.004.441.002.2560.49590.8213108.0968349.71234.7881.30033.8270.42325.27163.809-4.361BBB-Ba1BBB-BBB
AngolaAngolaOverweight9.58-21.002.5140.403881.4977380.793-1.07919.19425.868-11.58821.571BB-Ba3BB-BB-
ZambiaZambiaOverweight8.86-32.003.4250.389819.1173917.73826.45114.30016.717-3.80716.91655.466B+B+
VietnamVietnamUnderweight3.92-1.006.3000.3652201.3616399.67426.6372.00092.6370.56221.658BB-B1B+B+
El SalvadorEl SalvadorUnderweight7.44-17.002.5000.359327.3278558.82711.1661.8506.403-3.02718.476BB-Ba2BB-
ParaguayParaguayUnderweight5.30-2.002.8930.351726.8048905.02415.0354.5007.115-1.23921.75622.157-2.597BB-B1B+
EgyptEgyptUnderweight5.92-15.003.2560.3465n/a12113.09410.61110.23390.203-5.33921.77780.803-11.119CCC+Caa1B-B-
GhanaGhanaUnderweight8.57-56.004.5320.317738.1714390.97416.77312.36927.573-7.22020.96772.075BB+B
MongoliaMongoliaOverweight7.281.000.4060.212711.65212133.48319.2053.7103.014-10.65225.965BB-B1B+BB-
Hong KongHong KongUnderweight3.0607AAAAa1AA+AAA
IndiaIndiaUnderweight3.41-2.003.64-4.007.4544.85822288.7156598.97031.2445.1371309.713-1.50620.982-6.959BBB-Baa3BBB-BBB+
IsraelIsraelUnderweight3.304.002.8471.0819306.19434335.65323.8750.4548.5284.04537.25362.598-3.593A+A1AA-
JamaicaJamaicaUnderweight5.71-8.0011.90-7.002.2060.793814.0578990.92513.2675.3002.829-2.86627.963CCC+B3B-
KoreaKorea (South)Overweight2.18-1.002.6687.93031321.19637699.19335.1711.74850.8358.24520.91135.3400.625
QatarQatarOverweight2.690.003.4012.0557170.860129511.84852.6922.578-5.03632.395-122.512AAAa2AA-
SingaporeSingaporeOverweight1.7732.8012294.56086853.68647.0811.3435.58421.16421.6772.065AAAAaaAAAAAA
ThailandThailandUnderweight2.41-6.002.9892.0484409.72416706.32433.4521.57868.9817.95322.307-0.050BBB+Baa1BBB+BBB
United Arab EmiratesUnited Arab EmiratesOverweight2.92-3.002.3704.3014325.13567946.48824.7503.2029.856-0.97627.156-273.575Aa2BBB+


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

BondCountryYieldYield Change % pts
SPAIN (KINGDOM OF) 16Spain4.082.38
ITALY (REPUBLIC OF) 16Italy0.490.36
DENMARK (KINGDOM OF) 16Denmark0.200.30
ITALY (REPUBLIC OF) 40Italy2.600.27
ITALY (REPUBLIC OF) 44Italy2.680.25
ITALY (REPUBLIC OF) 39Italy2.530.25
ITALY (REPUBLIC OF) 46Italy2.700.24
ITALY (REPUBLIC OF) RegS 37Italy2.370.23
ITALY (REPUBLIC OF) 47Italy2.720.23
ITALY (REPUBLIC OF) RegS 23Italy0.990.22
ITALY (REPUBLIC OF) 31Italy2.000.22
FRANCE (REPUBLIC OF) 55France1.430.22
FRANCE (REPUBLIC OF) RegS 45France1.290.22
ITALY (REPUBLIC OF) 34Italy2.230.22
ITALY (REPUBLIC OF) 24Italy1.200.22
ITALY (REPUBLIC OF) 25Italy1.370.22
ITALY (REPUBLIC OF) 33Italy2.110.22
ITALY (REPUBLIC OF) 25Italy1.420.22
ITALY (REPUBLIC OF) RegS 26Italy1.550.22
ITALY (REPUBLIC OF) 25Italy1.510.22


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

BondCountryYieldYield Change % pts
ITALY (REPUBLIC OF) 16Italy-0.16-0.16
SWEDEN (KINGDOM OF) 19Sweden-0.71-0.11
BELGIUM (KINGDOM OF) 17Belgium-0.71-0.11
BELGIUM (KINGDOM OF) 17Belgium-0.70-0.10
FRANCE (REPUBLIC OF) 17France-0.60-0.10
JAPAN (GOVERNMENT OF) 10YR #288 17Japan-0.28-0.08
JAPAN (GOVERNMENT OF) 5YR #109 18Japan-0.28-0.08
SWEDEN (KINGDOM OF) 17Sweden-0.78-0.08
JAPAN (GOVERNMENT OF) 10YR #286 17Japan-0.28-0.08
JAPAN (GOVERNMENT OF) 10YR #287 17Japan-0.28-0.08
PORTUGAL (REPUBLIC OF) 25Portugal3.03-0.07
JAPAN (GOVERNMENT OF) 10YR #289 17Japan-0.27-0.07
JAPAN (GOVERNMENT OF) 5YR #110 18Japan-0.27-0.07
SWITZERLAND (CONFEDERATION OF) 17Switzerland-0.87-0.07
JAPAN (GOVERNMENT OF) 10YR #331 23Japan-0.17-0.07
JAPAN (GOVERNMENT OF) 10YR #330 23Japan-0.17-0.07
JAPAN (GOVERNMENT OF) 20YR #87 26Japan-0.07-0.07
JAPAN (GOVERNMENT OF) 20YR #85 26Japan-0.07-0.07
JAPAN (GOVERNMENT OF) 5YR #111 18Japan-0.27-0.07
SWITZERLAND (CONFEDERATION OF) 18Switzerland-0.96-0.06


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

BondCountryYieldYield Change %pts
CHS/COMMUNITY HEALTH SYSTEMS INC 20United States13.23.48
COMMUNITY HEALTH SYSTEMS INC 19United States12.33.18
CHS/COMMUNITY HEALTH SYSTEMS INC 22United States13.22.80
CLAIRES STORES INC 144A 19United States44.12.60
CONCORDIA HEALTHCARE CORP 144A 22Canada21.11.70
WHITING PETROLEUM CORP 19United States7.181.65
VALEANT PHARMACEUTICALS INTERNATIO 144A 20United States10.01.62
VPII ESCROW CORP 144A 21Canada10.71.53
CALIFORNIA RESOURCES CORP 144A 22United States15.81.50
VALEANT PHARMACEUTICALS INTERNATIO 144A 20United States10.11.49
VALEANT PHARMACEUTICALS INTERNATIO 144A 20United States10.21.40
VALEANT PHARMACEUTICALS INTERNATIO 144A 21United States10.41.40
AREVA SA MTN RegS 17France2.841.36
CHS/COMMUNITY HEALTH SYSTEMS INC 21United States6.611.31
VENETO BANCA SCPA MTN RegS 17Italy8.191.30
CONCORDIA HEALTHCARE CORP 144A 23Canada18.41.30
DENBURY RESOURCES INC 22United States10.41.14
VALEANT PHARMACEUTICALS INTERNATIO 144A 18Canada8.001.11
INTELSAT JACKSON HOLDINGS SA 20Luxembourg15.91.10
ALLEGHENY TECHNOLOGIES INC 21United States8.231.10


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

BondCountryYieldYield Change %pts
INTELSAT LUXEMBOURG SA 18Luxembourg35.0-2.60
BANCA MONTE DEI PASCHI DI SIENA SP MTN RegS 20Italy13.2-2.20
CMA CGM SA RegS 18France11.3-1.90
AK STEEL CORPORATION 21United States7.44-1.57
MURRAY ENERGY CORP 144A 21United States19.2-1.50
NAVIOS MARITIME HOLDINGS INC 144A 22United States23.8-1.30
AK STEEL CORPORATION 20United States7.54-0.99
ADVANCED MICRO DEVICES INC 22United States6.30-0.82
ENSCO PLC 24United States7.94-0.68
NOBLE HOLDING INTERNATIONAL LTD 20United States8.20-0.66
FREEPORT-MCMORAN COPPER & GOLD INC 22United States5.05-0.63
AVON PRODUCTS INC 20United States5.94-0.60
ATHABASCA OIL CORP Prvt 17Canada7.97-0.56
TRILOGY ENERGY CORP 19Canada7.36-0.55
BAYTEX ENERGY CORP 22Canada8.47-0.53
ENSCO PLC 25United States8.26-0.52
K HOVNANIAN ENTERPRISES INC 144A 20United States10.3-0.50
AVON PRODUCTS INC 23United States7.74-0.49
FREEPORT-MCMORAN COPPER & GOLD INC 23United States5.57-0.40
ADVANCED MICRO DEVICES INC 24United States7.21-0.37


Top 30 DM Souvereign Eurobonds by Yield

NameISINcountryMaturityCouponYTW
SPAIN (KINGDOM OF)ES00000123J2SpainOct 31, 20164.254.08
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
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAP3AustraliaJun 21, 20393.253.06
PORTUGAL (REPUBLIC OF)PTOTEKOE0011PortugalOct 15, 20252.883.03
AUSTRALIA (COMMONWEALTH OF) RegSAU3TB0000192AustraliaApr 21, 20373.752.96
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAM0AustraliaJun 21, 20352.752.90
PORTUGAL (REPUBLIC OF)PTOTESOE0013PortugalOct 17, 20222.202.88
SPAIN (KINGDOM OF)ES00000128E2SpainJul 30, 20663.452.87
PORTUGAL (REPUBLIC OF)PTOTEQOE0015PortugalFeb 15, 20245.652.79
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAG2AustraliaApr 21, 20334.502.75
ITALY (REPUBLIC OF)IT0005162828ItalyMar 1, 20472.702.72
ITALY (REPUBLIC OF)IT0005083057ItalySep 1, 20463.252.70
ITALY (REPUBLIC OF)IT0004923998ItalySep 1, 20444.752.68
PORTUGAL (REPUBLIC OF)PTOTEAOE0021PortugalOct 25, 20234.952.61
ITALY (REPUBLIC OF)IT0004532559ItalySep 1, 20405.002.60
AUSTRALIA (COMMONWEALTH OF) RegSAU3TB0000150AustraliaApr 21, 20293.252.55
ITALY (REPUBLIC OF)IT0004286966ItalyAug 1, 20395.002.53
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAR9AustraliaMay 21, 20282.252.49
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAQ1AustraliaNov 21, 20272.752.45
SPAIN (KINGDOM OF)ES00000128C6SpainOct 31, 20462.902.40
AUSTRALIA (COMMONWEALTH OF) RegSAU3TB0000135AustraliaApr 21, 20274.752.39
ITALY (REPUBLIC OF) RegSIT0003934657ItalyFeb 1, 20374.002.37
AUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAI8AustraliaApr 21, 20264.252.34
SPAIN (KINGDOM OF)ES00000124H4SpainOct 31, 20445.152.31
AUSTRALIA (COMMONWEALTH OF)AU3TB0000168AustraliaApr 21, 20253.252.30
ITALY (REPUBLIC OF)IT0003535157ItalyAug 1, 20345.002.23
AUSTRALIA (COMMONWEALTH OF)AU3TB0000143AustraliaApr 21, 20242.752.22


Top 30 DM Corporate Eurobonds by Yield

NameISINcountryMaturityCouponYTW
PACIFIC DRILLING SA 144AUS69419BAA35United StatesJun 1, 20205.3852.0
AVAYA INC 144AUS053499AJ89United StatesMar 1, 202110.5047.7
CLEAR CHANNEL COMMUNICATIONS INCUS184502BT84United StatesJan 15, 201810.0044.8
CLAIRES STORES INC 144AUS179584AM91United StatesMar 15, 20199.0044.1
INTELSAT LUXEMBOURG SAUS458204AP96LuxembourgJun 1, 20217.7540.9
INTELSAT LUXEMBOURG SAUS458204AN49LuxembourgJun 1, 20186.7535.0
INTELSAT LUXEMBOURG SAUS458204AQ79LuxembourgJun 1, 20238.1333.5
MEMORIAL PRODUCTION PARTNERS LPUS586049AB40United StatesMay 1, 20217.6329.0
MEMORIAL PRODUCTION PARTNERS LPUS586049AE88United StatesAug 1, 20226.8825.9
NAVIOS MARITIME HOLDINGS INC 144AUS639365AG06United StatesJan 15, 20227.3823.8
GENON ENERGY INCUS37244DAC39United StatesOct 15, 20189.5022.5
CONCORDIA HEALTHCARE CORP 144AUS206519AB61CanadaOct 21, 20229.5021.1
CLEAR CHANNEL COMMUNICATIONS INCUS184502BN15United StatesMar 1, 202111.2519.7
CLEAR CHANNEL COMMUNICATIONS INCUS184502BL58United StatesDec 15, 20199.0019.3
GENON ENERGY INCUS37244DAF69United StatesOct 15, 20209.8819.3
MURRAY ENERGY CORP 144AUS62704PAF09United StatesApr 15, 202111.2519.2
HEXION INCUS428303AM35United StatesNov 15, 20209.0018.9
CLEAR CHANNEL COMMUNICATIONS INCUS184502BG63United StatesMar 1, 20219.0018.5
CONCORDIA HEALTHCARE CORP 144AUS206519AA88CanadaApr 15, 20237.0018.4
IHEARTCOMMUNICATIONS INCUS45174HAC16United StatesMar 15, 202310.6318.0
INTELSAT JACKSON HOLDINGS SAUS45824TAE55LuxembourgApr 1, 20197.2517.3
EP ENERGY LLC/EVEREST ACQUISITIONUS29977HAB69United StatesMay 1, 20209.3817.3
IHEARTCOMMUNICATIONS INCUS45174HAA59United StatesSep 15, 20229.0016.7
AVAYA INC 144AUS053499AG41United StatesApr 1, 20197.0016.5
INTELSAT JACKSON HOLDINGS SAUS45824TAC99LuxembourgOct 15, 20207.2515.9
AMERICAN ENERGY - PERMIAN BASIN LL 144AUS02563LAB45United StatesNov 1, 20207.1315.9
CALIFORNIA RESOURCES CORP 144AUS13057QAG29United StatesDec 15, 20228.0015.8
INTELSAT JACKSON HOLDINGS SAUS45824TAG04LuxembourgApr 1, 20217.5015.7
AMERICAN ENERGY-PERMIAN BASIN LLC 144AUS02563LAC28United StatesNov 1, 20217.3814.7
HARLAND CLARKE HOLDINGS CORP 144AUS412690AE97United StatesMar 1, 20219.2514.1