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Asian markets close mostly higher after Moody's downgrades China ... How soon will the Fed hike rates again? Minutes may offer clues Fast Europe Open: UK retail sales, ECB meeting minutes April ECB meeting and gold Kuroda says may release stimulus withdrawal impact on BOJ's ... BOJ 'Summary of Opinions' (April meeting) - full text Takeaways from 2nd testy meeting: Hockey parents rip BOE ... S.C. Superintendent denied presentation at BOE meeting, says ... Yuan Eyes Chinese PMI after PBOC Revises Reference Rate ... PBOC Trying to Keep It Simple With Spotlight on Two Rates China central bank to skip open market operations today China central bank denies reports it told banks to deposit dollars UPDATE 3-Banco do Brasil sees defaults stabilizing despite rising ... Brazil's Santander unit sees room to strengthen agribusiness lending Enough reason for RBI to go for a rate cut soon? Three reasons why BofA-ML projects RBI rate cut in August Credit Suisse: Central Bank of Russia “Cracking” Under Pressure CBR: Aggressive cut, improving hopes for economy Turkish Lira Slides as "Turkish Central Bank Loses Credibility" Trump, Turkey and the Theresa trade: market questions this week South Africa's central bank leaves rates unchanged, lowers GDP ... HIGHLIGHTS-South African central bank comments on rate decision South Korea central bank on hold as growth outlook upgraded, fiscal ... DIARY-Emerging Markets Economic Events to July 28
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondBRAZIL MINAS SPE RegS 28STATE GRID OVERSEAS INVESTMENT (20 RegS 23EGYPT (ARAB REPUBLIC OF) MTN RegS 22PHILIPPINES (REPUBLIC OF) 19
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondVENEZUELA BOLIVARIAN REPUBLIC OF RegS 22PETROLEOS DE VENEZUELA SA MTN RegS 21PETROLEOS DE VENEZUELA SA RegS 22PETROLEOS DE VENEZUELA SA RegS 35
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondJBS INVESTMENTS GMBH RegS 20JBS INVESTMENTS GMBH RegS 24JBS USA LUX SA/JBS USA FINANCE INC RegS 21KAZKOMMERTSBANK JSC RegS 22
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondODEBRECHT DRILL VIII/IX RegS 21PETROLEOS DE VENEZUELA SA RegS 22CAIXA ECONOMICA FEDERAL RegS 19DIGICEL GROUP LTD RegS 20
Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryTunisiaIndiaChinaUnited StatesMalaysia
Country Average Corporate Yield Change USD Eurobonds Weekly
CountryPhilippinesUnited StatesIsraelKorea (South)Taiwan
Top 30 GEM Souvereign Eurobonds by Yield
NameVENEZUELA (BOLVARIAN REPUBLIC OF) RegSPETROLEOS DE VENEZUELA SA MTN RegSPETROLEOS DE VENEZUELA SA RegS
Top 30 GEM Corporate Eurobonds by Yield
NamePETROLEOS DE VENEZUELA SA MTN RegSPETROLEOS DE VENEZUELA SA RegSPETROLEOS DE VENEZUELA SA RegS
Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
NameTURKEY (REPUBLIC OF)BRAZIL FEDERATIVE REPUBLIC OFBRAZIL FEDERATIVE REPUBLIC OF (GO
Big Country Table - Stance, Ratings and Datamine
Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondITALY (REPUBLIC OF) 17CANADA (GOVERNMENT OF) 17FINLAND (REPUBLIC OF) 17NETHERLANDS (KINGDOM OF) 17
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondITALY (REPUBLIC OF) RegS 34ITALY (REPUBLIC OF) RegS 37ITALY (REPUBLIC OF) 40ITALY (REPUBLIC OF) 33
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsNOBLE GROUP LTD 144A 20Hong Kong41.315.56BANCA POPOLARE DI VICENZA MTN RegS 18Italy23.494.44VENETO BANCA SCPA MTN RegS 19Italy19.342.51GRUPO ISOLUX CORSAN SA 21Spain409.432.48GRUPO ISOLUX CORSAN SA 21Spain175.902.36
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsHEXION INC 20United States20.18-1.91HERTZ HOLDINGS NETHERLANDS BV RegS 19United States4.48-1.70GENON ENERGY INC 20United States21.61-1.70MURRAY ENERGY CORP 144A 21United States20.19-1.67BANCA MONTE DEI PASCHI DI SIENA SP MTN RegS 20Italy50.35-1.61
Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWPORTUGAL (REPUBLIC OF)PTOTEBOE0020Portugal15-Feb-20454.104.47PORTUGAL (REPUBLIC OF)PTOTE5OE0007Portugal15-Apr-20374.104.28PORTUGAL (REPUBLIC OF)PTOTEROE0014Portugal15-Feb-20303.884.17
Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWGRUPO ISOLUX CORSAN SAXS1542318388Spain30-Dec-20210.25409.43GRUPO ISOLUX CORSAN SAXS1527710963Spain30-Dec-20213.00175.90CLAIRES STORES INC 144AUS179584AM91United States15-Mar-20199.0058.90
Country Average Sovereign+Corporate USD Yields Ordered by Weekly Change
| country | Yield | YieldChange |
| Hong Kong | 41.31 | 5.56 |
| Singapore | 18.94 | 0.40 |
| Tunisia | 6.33 | 0.09 |
| Israel | 3.39 | 0.03 |
| Philippines | 3.25 | 0.02 |
| Korea (South) | 3.04 | 0.02 |
| Taiwan | 3.56 | 0.02 |
| Malaysia | 3.24 | 0.01 |
| Lebanon | 6.04 | 0.01 |
| China | 3.78 | 0.01 |
| Thailand | 3.29 | 0.01 |
| Pakistan | 5.55 | 0.00 |
| India | 4.39 | 0.00 |
| Cote D'Ivoire (Ivory Coast) | 6.25 | -0.01 |
| Uruguay | 4.24 | -0.02 |
| Peru | 3.72 | -0.02 |
| El Salvador | 8.16 | -0.02 |
| Qatar | 3.02 | -0.02 |
| Guatemala | 4.19 | -0.02 |
| Kazakhstan | 4.79 | -0.03 |
| Lithuania | 2.45 | -0.03 |
| Slovak Republic | 2.37 | -0.03 |
| Sri Lanka | 4.98 | -0.03 |
| Mongolia | 5.95 | -0.03 |
| United Kingdom | 5.14 | -0.03 |
| Colombia | 4.52 | -0.04 |
| United Arab Emirates | 3.16 | -0.04 |
| Egypt | 6.10 | -0.05 |
| Chile | 3.60 | -0.05 |
| Vietnam | 3.99 | -0.05 |
| Paraguay | 5.49 | -0.05 |
| Kuwait | 3.96 | -0.05 |
| Bahrain | 5.29 | -0.05 |
| Hungary | 3.25 | -0.06 |
| Romania | 3.54 | -0.06 |
| Mexico | 4.60 | -0.06 |
| Japan | 3.04 | -0.06 |
| New Zealand | 5.06 | -0.06 |
| Dominican Republic | 5.23 | -0.07 |
| Morocco | 3.79 | -0.07 |
| Italy | 4.39 | -0.07 |
| Australia | 5.15 | -0.07 |
| Jordan | 5.80 | -0.08 |
| Ethiopia | 6.54 | -0.08 |
| Poland | 2.61 | -0.09 |
| Panama | 3.76 | -0.09 |
| Netherlands | 4.40 | -0.09 |
| Germany | 3.44 | -0.09 |
| Canada | 7.80 | -0.10 |
| Russian Federation | 3.90 | -0.11 |
| Argentina | 5.93 | -0.11 |
| Serbia | 3.33 | -0.11 |
| Kenya | 6.41 | -0.11 |
| United States | 5.41 | -0.11 |
| Indonesia | 4.10 | -0.11 |
| Senegal | 5.31 | -0.11 |
| Brazil | 6.04 | -0.12 |
| Ireland | 4.68 | -0.12 |
| Ecuador | 8.57 | -0.13 |
| Turkey | 4.93 | -0.14 |
| Barbados | 5.48 | -0.14 |
| Luxembourg | 6.60 | -0.14 |
| France | 5.96 | -0.15 |
| Oman | 4.65 | -0.16 |
| Trinidad and Tobago | 5.58 | -0.16 |
| Croatia (Hrvatska) | 3.46 | -0.18 |
| Costa Rica | 5.85 | -0.18 |
| Zambia | 7.55 | -0.19 |
| Finland | 2.56 | -0.19 |
| Nigeria | 5.99 | -0.22 |
| Bolivia | 4.84 | -0.22 |
| Ukraine | 7.65 | -0.23 |
| South Africa | 4.67 | -0.24 |
| Azerbaijan | 5.26 | -0.25 |
| Gabon | 6.37 | -0.29 |
| Angola | 8.43 | -0.31 |
| Jamaica | 7.20 | -0.33 |
| Ghana | 7.59 | -0.38 |
| Venezuela | 24.29 | -0.63 |
| Iraq | 7.31 | -0.64 |
Country Average Sovereign+Corporate USD Yields Ordered By YTD Yield Chance
| country | Yield | YieldChange |
| Hong Kong | 41.31 | 28.21 |
| Venezuela | 24.38 | 0.45 |
| El Salvador | 8.14 | 0.23 |
| Canada | 8.23 | 0.08 |
| Australia | 6.02 | -0.04 |
| Finland | 2.56 | -0.16 |
| Barbados | 5.48 | -0.21 |
| Philippines | 3.22 | -0.26 |
| Korea (South) | 3.06 | -0.26 |
| Ecuador | 8.34 | -0.27 |
| United Kingdom | 5.37 | -0.31 |
| Slovak Republic | 2.37 | -0.36 |
| United States | 5.40 | -0.36 |
| Azerbaijan | 5.29 | -0.37 |
| China | 3.76 | -0.39 |
| Cote D'Ivoire (Ivory Coast) | 6.25 | -0.41 |
| New Zealand | 5.06 | -0.42 |
| Qatar | 3.03 | -0.43 |
| Jordan | 5.80 | -0.44 |
| United Arab Emirates | 3.33 | -0.44 |
| Peru | 3.77 | -0.46 |
| Oman | 4.48 | -0.46 |
| Malaysia | 3.15 | -0.47 |
| Pakistan | 5.29 | -0.47 |
| Netherlands | 4.20 | -0.47 |
| Thailand | 2.96 | -0.49 |
| Bahrain | 5.29 | -0.50 |
| Colombia | 4.54 | -0.53 |
| Poland | 2.61 | -0.55 |
| Tunisia | 6.33 | -0.56 |
| France | 5.96 | -0.56 |
| Lithuania | 2.45 | -0.57 |
| Israel | 3.46 | -0.58 |
| Taiwan | 3.56 | -0.58 |
| Germany | 3.43 | -0.59 |
| Ghana | 7.74 | -0.60 |
| Uruguay | 4.24 | -0.61 |
| Paraguay | 5.49 | -0.61 |
| Hungary | 3.25 | -0.62 |
| Russian Federation | 3.80 | -0.64 |
| Morocco | 3.79 | -0.64 |
| Romania | 3.54 | -0.65 |
| Ireland | 5.73 | -0.65 |
| Italy | 4.24 | -0.67 |
| Chile | 3.53 | -0.68 |
| Kuwait | 3.87 | -0.68 |
| Brazil | 6.00 | -0.69 |
| South Africa | 4.77 | -0.69 |
| Croatia (Hrvatska) | 3.46 | -0.70 |
| Guatemala | 4.19 | -0.71 |
| Panama | 3.66 | -0.72 |
| India | 4.18 | -0.73 |
| Indonesia | 4.08 | -0.74 |
| Japan | 3.04 | -0.78 |
| Luxembourg | 6.89 | -0.80 |
| Mexico | 4.57 | -0.81 |
| Trinidad and Tobago | 5.58 | -0.82 |
| Vietnam | 3.99 | -0.82 |
| Lebanon | 6.04 | -0.83 |
| Ukraine | 7.65 | -0.93 |
| Kazakhstan | 4.60 | -0.99 |
| Serbia | 3.33 | -1.04 |
| Dominican Republic | 5.22 | -1.08 |
| Nigeria | 4.52 | -1.09 |
| Turkey | 4.86 | -1.13 |
| Costa Rica | 5.82 | -1.17 |
| Senegal | 4.53 | -1.18 |
| Egypt | 5.24 | -1.25 |
| Sri Lanka | 4.98 | -1.28 |
| Gabon | 6.37 | -1.37 |
| Jamaica | 7.20 | -1.40 |
| Argentina | 5.96 | -1.42 |
| Kenya | 6.41 | -1.43 |
| Ethiopia | 6.54 | -1.48 |
| Zambia | 7.55 | -1.55 |
| Angola | 8.43 | -1.69 |
| Iraq | 7.31 | -1.94 |
| Mongolia | 5.95 | -2.37 |
Country Average Sovereign+Corporate USD Yields Ordered by Current YTM
| country | Yield | YieldChange |
| Hong Kong | 41.31 | 5.56 |
| Venezuela | 24.29 | -0.63 |
| Singapore | 18.94 | 0.40 |
| Ecuador | 8.57 | -0.13 |
| Angola | 8.43 | -0.31 |
| El Salvador | 8.16 | -0.02 |
| Canada | 7.80 | -0.10 |
| Ukraine | 7.65 | -0.23 |
| Ghana | 7.59 | -0.38 |
| Zambia | 7.55 | -0.19 |
| Iraq | 7.31 | -0.64 |
| Jamaica | 7.20 | -0.33 |
| Luxembourg | 6.60 | -0.14 |
| Ethiopia | 6.54 | -0.08 |
| Kenya | 6.41 | -0.11 |
| Gabon | 6.37 | -0.29 |
| Tunisia | 6.33 | 0.09 |
| Cote D'Ivoire (Ivory Coast) | 6.25 | -0.01 |
| Egypt | 6.10 | -0.05 |
| Brazil | 6.04 | -0.12 |
| Lebanon | 6.04 | 0.01 |
| Nigeria | 5.99 | -0.22 |
| France | 5.96 | -0.15 |
| Mongolia | 5.95 | -0.03 |
| Argentina | 5.93 | -0.11 |
| Costa Rica | 5.85 | -0.18 |
| Jordan | 5.80 | -0.08 |
| Trinidad and Tobago | 5.58 | -0.16 |
| Pakistan | 5.55 | 0.00 |
| Paraguay | 5.49 | -0.05 |
| Barbados | 5.48 | -0.14 |
| United States | 5.41 | -0.11 |
| Senegal | 5.31 | -0.11 |
| Bahrain | 5.29 | -0.05 |
| Azerbaijan | 5.26 | -0.25 |
| Dominican Republic | 5.23 | -0.07 |
| Australia | 5.15 | -0.07 |
| United Kingdom | 5.14 | -0.03 |
| New Zealand | 5.06 | -0.06 |
| Sri Lanka | 4.98 | -0.03 |
| Turkey | 4.93 | -0.14 |
| Bolivia | 4.84 | -0.22 |
| Kazakhstan | 4.79 | -0.03 |
| Ireland | 4.68 | -0.12 |
| South Africa | 4.67 | -0.24 |
| Oman | 4.65 | -0.16 |
| Mexico | 4.60 | -0.06 |
| Colombia | 4.52 | -0.04 |
| Netherlands | 4.40 | -0.09 |
| India | 4.39 | 0.00 |
| Italy | 4.39 | -0.07 |
| Uruguay | 4.24 | -0.02 |
| Guatemala | 4.19 | -0.02 |
| Indonesia | 4.10 | -0.11 |
| Vietnam | 3.99 | -0.05 |
| Kuwait | 3.96 | -0.05 |
| Russian Federation | 3.90 | -0.11 |
| Morocco | 3.79 | -0.07 |
| China | 3.78 | 0.01 |
| Panama | 3.76 | -0.09 |
| Peru | 3.72 | -0.02 |
| Chile | 3.60 | -0.05 |
| Taiwan | 3.56 | 0.02 |
| Romania | 3.54 | -0.06 |
| Croatia (Hrvatska) | 3.46 | -0.18 |
| Germany | 3.44 | -0.09 |
| Israel | 3.39 | 0.03 |
| Serbia | 3.33 | -0.11 |
| Thailand | 3.29 | 0.01 |
| Hungary | 3.25 | -0.06 |
| Philippines | 3.25 | 0.02 |
| Malaysia | 3.24 | 0.01 |
| United Arab Emirates | 3.16 | -0.04 |
| Korea (South) | 3.04 | 0.02 |
| Japan | 3.04 | -0.06 |
| Qatar | 3.02 | -0.02 |
| Poland | 2.61 | -0.09 |
| Finland | 2.56 | -0.19 |
| Lithuania | 2.45 | -0.03 |
| Slovak Republic | 2.37 | -0.03 |
Chart: Brazil Yields Better

Source: ML
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Average Sovereign GEM Yields (USD)
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Average Sov. DEM Yields (blended currency)
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Average UST Yield
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Bonds Datamine Queries
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondBRAZIL MINAS SPE RegS 28STATE GRID OVERSEAS INVESTMENT (20 RegS 23EGYPT (ARAB REPUBLIC OF) MTN RegS 22PHILIPPINES (REPUBLIC OF) 19
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondVENEZUELA BOLIVARIAN REPUBLIC OF RegS 22PETROLEOS DE VENEZUELA SA MTN RegS 21PETROLEOS DE VENEZUELA SA RegS 22PETROLEOS DE VENEZUELA SA RegS 35
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondJBS INVESTMENTS GMBH RegS 20JBS INVESTMENTS GMBH RegS 24JBS USA LUX SA/JBS USA FINANCE INC RegS 21KAZKOMMERTSBANK JSC RegS 22
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondODEBRECHT DRILL VIII/IX RegS 21PETROLEOS DE VENEZUELA SA RegS 22CAIXA ECONOMICA FEDERAL RegS 19DIGICEL GROUP LTD RegS 20
Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryTunisiaIndiaChinaUnited StatesMalaysia
Country Average Corporate Yield Change USD Eurobonds Weekly
CountryPhilippinesUnited StatesIsraelKorea (South)Taiwan
Top 30 GEM Souvereign Eurobonds by Yield
NameVENEZUELA (BOLVARIAN REPUBLIC OF) RegSPETROLEOS DE VENEZUELA SA MTN RegSPETROLEOS DE VENEZUELA SA RegS
Top 30 GEM Corporate Eurobonds by Yield
NamePETROLEOS DE VENEZUELA SA MTN RegSPETROLEOS DE VENEZUELA SA RegSPETROLEOS DE VENEZUELA SA RegS
Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
NameTURKEY (REPUBLIC OF)BRAZIL FEDERATIVE REPUBLIC OFBRAZIL FEDERATIVE REPUBLIC OF (GO
Big Country Table - Stance, Ratings and Datamine
Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondITALY (REPUBLIC OF) 17CANADA (GOVERNMENT OF) 17FINLAND (REPUBLIC OF) 17NETHERLANDS (KINGDOM OF) 17
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondITALY (REPUBLIC OF) RegS 34ITALY (REPUBLIC OF) RegS 37ITALY (REPUBLIC OF) 40ITALY (REPUBLIC OF) 33
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsNOBLE GROUP LTD 144A 20Hong Kong41.315.56BANCA POPOLARE DI VICENZA MTN RegS 18Italy23.494.44VENETO BANCA SCPA MTN RegS 19Italy19.342.51GRUPO ISOLUX CORSAN SA 21Spain409.432.48GRUPO ISOLUX CORSAN SA 21Spain175.902.36
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsHEXION INC 20United States20.18-1.91HERTZ HOLDINGS NETHERLANDS BV RegS 19United States4.48-1.70GENON ENERGY INC 20United States21.61-1.70MURRAY ENERGY CORP 144A 21United States20.19-1.67BANCA MONTE DEI PASCHI DI SIENA SP MTN RegS 20Italy50.35-1.61
Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWPORTUGAL (REPUBLIC OF)PTOTEBOE0020Portugal15-Feb-20454.104.47PORTUGAL (REPUBLIC OF)PTOTE5OE0007Portugal15-Apr-20374.104.28PORTUGAL (REPUBLIC OF)PTOTEROE0014Portugal15-Feb-20303.884.17
Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWGRUPO ISOLUX CORSAN SAXS1542318388Spain30-Dec-20210.25409.43GRUPO ISOLUX CORSAN SAXS1527710963Spain30-Dec-20213.00175.90CLAIRES STORES INC 144AUS179584AM91United States15-Mar-20199.0058.90