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Fed hikes interest rates despite declining inflation, sets plan for ... Musings On June's FOMC Meeting Four things to watch at the ECB's Tallinn meeting Euro zone inflation dips as 'taper' talk builds ahead of ECB meeting BOJ likely to maintain stimulus as two-day policy meeting kicks off Bank of Japan keeps monetary policy steady, sets upbeat tone on ... Chatham BOE has $32K Raise for Superintendent on June 19 ... BoE meeting to be dominated by Doves Funding scramble squeezes China's borrowers despite PBOC ... Will the PBOC be hiking rates after the Fed? Warning: Cryptocurrency Scams Are Posing as China's Central Bank Protectionism hurts China's financial sector: Chinese central bank ... Brazil's Santander unit sees room to strengthen agribusiness lending Latin America RBI keeps key interest rates unchanged, lowers inflation forecast Why Reserve Bank of India is shy on rate cuts despite decline in ... 9 Headlines From Russia With Love: Rate Cuts, Inflation, Oil ... Russian central bank cuts rates to 9% Turkish lira back in favour as economy improves Turkish Lira Slides as "Turkish Central Bank Loses Credibility" South African rand slides on fears for central bank independence South Africa's central bank leaves rates unchanged, lowers GDP ... Bank of Korea keeps rates unchanged for 11th month, in line with ... S. Korea hard pressed to achieve 3 pct growth: BOK board member
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondVENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19PETROLEOS DE VENEZUELA SA RegS 20PETROLEOS DE VENEZUELA SA MTN RegS 21VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondPAKISTAN (ISLAMIC REPUBLIC OF) RegS 24SERBIA REPUBLIC OF (GOVERNMENT) RegS 21POLAND REPUBLIC OF (GOVERNMENT) 23CROATIA REPUBLIC OF (GOVERNMENT) RegS 21
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondODEBRECHT DRILL VIII/IX RegS 21BANCO BTG PACTUAL SA (CAYMAN ISLA MTN RegS 20CBQ FINANCE LTD RegS 19CBQ FINANCE LTD MTN RegS 21
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondKAZKOMMERTSBANK JSC RegS 22VEDANTA RESOURCES PLC RegS 21GTL TRADE FINANCE INC RegS 24ALFA SAB DE CV RegS 24
Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryVenezuelaEcuadorGabonIraqNigeria
Country Average Corporate Yield Change USD Eurobonds Weekly
CountryQatarBrazilUnited StatesUnited Arab EmiratesBarbados
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
NameNOBLE GROUP LTD RegSODEBRECHT DRILL VIII/IX RegSODEBRECHT FINANCE LTD RegS
Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
NameARGENTINA REPUBLIC OF GOVERNMENTARGENTINA REPUBLIC OF GOVERNMENTARGENTINA REPUBLIC OF GOVERNMENT
Big Country Table - Stance, Ratings and Datamine
Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondJAPAN (GOVERNMENT OF) 10YR #287 17JAPAN (GOVERNMENT OF) 10YR #286 17SPAIN (KINGDOM OF) 17JAPAN (GOVERNMENT OF) 5YR #105 17
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondPORTUGAL (REPUBLIC OF) 23PORTUGAL (REPUBLIC OF) 24PORTUGAL (REPUBLIC OF) 25PORTUGAL (REPUBLIC OF) 26
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsGENON ENERGY INC 18United States51.7417.19NOBLE GROUP LTD 144A 20Hong Kong54.8113.50GRUPO ISOLUX CORSAN SA 21Spain418.298.86GRUPO ISOLUX CORSAN SA 21Spain184.438.53CONCORDIA INTERNATIONAL CORP 144A 22Canada60.868.13
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsBANCA POPOLARE DI VICENZA MTN RegS 18Italy11.38-12.11VENETO BANCA SCPA MTN RegS 19Italy9.69-9.65BANCA POPOLARE DI VICENZA SCPA MTN RegS 20Italy6.77-7.59CLAIRES STORES INC 144A 19United States55.78-3.12BPE FINANCIACIONES SA MTN RegS 20Spain0.36-2.66
Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWPORTUGAL (REPUBLIC OF)PTOTEBOE0020Portugal15-Feb-20454.104.00PORTUGAL (REPUBLIC OF)PTOTE5OE0007Portugal15-Apr-20374.103.78PORTUGAL (REPUBLIC OF)PTOTEROE0014Portugal15-Feb-20303.883.62
Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWGRUPO ISOLUX CORSAN SAXS1542318388Spain30-Dec-20210.25418.29GRUPO ISOLUX CORSAN SAXS1527710963Spain30-Dec-20213.00184.43CONCORDIA INTERNATIONAL CORP 144AUS206519AB61Canada21-Oct-20229.5060.86
Country Average Sovereign+Corporate USD Yields Ordered by Weekly Change
| country | Yield | YieldChange |
| Venezuela | 27.73 | 3.38 |
| Ecuador | 9.15 | 0.58 |
| Qatar | 3.58 | 0.48 |
| Canada | 8.08 | 0.40 |
| Nigeria | 6.21 | 0.22 |
| Oman | 4.76 | 0.17 |
| Trinidad and Tobago | 5.58 | 0.16 |
| Brazil | 6.30 | 0.12 |
| Egypt | 6.22 | 0.12 |
| Azerbaijan | 5.35 | 0.09 |
| United States | 5.52 | 0.09 |
| United Arab Emirates | 3.63 | 0.07 |
| Italy | 4.46 | 0.07 |
| Bahrain | 5.34 | 0.06 |
| South Africa | 4.69 | 0.05 |
| Barbados | 5.52 | 0.04 |
| Russian Federation | 3.94 | 0.03 |
| Costa Rica | 5.88 | 0.02 |
| Thailand | 3.25 | -0.04 |
| United Kingdom | 5.10 | -0.04 |
| Korea (South) | 3.60 | -0.05 |
| Chile | 3.71 | -0.06 |
| Lebanon | 5.98 | -0.07 |
| Ukraine | 7.57 | -0.08 |
| Morocco | 3.72 | -0.08 |
| China | 3.85 | -0.08 |
| Peru | 3.62 | -0.09 |
| Jamaica | 7.14 | -0.09 |
| France | 5.43 | -0.09 |
| Turkey | 4.86 | -0.10 |
| Sri Lanka | 4.89 | -0.10 |
| Mexico | 4.47 | -0.10 |
| Indonesia | 3.94 | -0.10 |
| Ghana | 7.49 | -0.10 |
| Guatemala | 4.09 | -0.10 |
| Germany | 3.89 | -0.10 |
| Colombia | 4.43 | -0.11 |
| Netherlands | 4.29 | -0.11 |
| Malaysia | 3.24 | -0.12 |
| Panama | 3.64 | -0.12 |
| Israel | 3.45 | -0.12 |
| Jordan | 5.68 | -0.13 |
| Argentina | 5.88 | -0.14 |
| Cote D'Ivoire (Ivory Coast) | 6.11 | -0.14 |
| Philippines | 3.21 | -0.15 |
| Luxembourg | 6.45 | -0.15 |
| Vietnam | 3.81 | -0.17 |
| Hungary | 3.07 | -0.18 |
| Kazakhstan | 4.67 | -0.18 |
| Lithuania | 2.26 | -0.18 |
| Romania | 3.34 | -0.19 |
| Dominican Republic | 5.03 | -0.21 |
| Ireland | 4.45 | -0.23 |
| India | 4.28 | -0.25 |
| Uruguay | 3.99 | -0.26 |
| Poland | 2.35 | -0.26 |
| Croatia (Hrvatska) | 3.16 | -0.30 |
| Serbia | 3.01 | -0.32 |
| El Salvador | 7.80 | -0.36 |
| Pakistan | 5.19 | -0.37 |
Country Average Sovereign+Corporate USD Yields Ordered By YTD Yield Chance
| country | Yield | YieldChange |
| Venezuela | 27.69 | 3.73 |
| Canada | 8.69 | 0.54 |
| Ecuador | 8.97 | 0.35 |
| Qatar | 3.56 | 0.01 |
| El Salvador | 7.78 | -0.13 |
| United States | 5.51 | -0.25 |
| Azerbaijan | 5.37 | -0.28 |
| Oman | 4.65 | -0.29 |
| Trinidad and Tobago | 5.58 | -0.37 |
| Korea (South) | 3.65 | -0.37 |
| United Kingdom | 5.31 | -0.38 |
| United Arab Emirates | 3.77 | -0.40 |
| Philippines | 3.18 | -0.43 |
| Bahrain | 5.34 | -0.45 |
| China | 3.84 | -0.48 |
| Germany | 3.85 | -0.49 |
| Thailand | 2.92 | -0.53 |
| Peru | 3.68 | -0.54 |
| Cote D'Ivoire (Ivory Coast) | 6.11 | -0.55 |
| Netherlands | 4.10 | -0.56 |
| Brazil | 6.30 | -0.57 |
| Jordan | 5.68 | -0.57 |
| Italy | 4.35 | -0.57 |
| Russian Federation | 3.87 | -0.60 |
| South Africa | 4.86 | -0.62 |
| Malaysia | 3.20 | -0.65 |
| Colombia | 4.44 | -0.66 |
| Israel | 3.53 | -0.68 |
| Chile | 3.67 | -0.70 |
| Morocco | 3.72 | -0.72 |
| Lithuania | 2.26 | -0.76 |
| Ghana | 7.55 | -0.79 |
| Hungary | 3.07 | -0.80 |
| Guatemala | 4.09 | -0.81 |
| Poland | 2.35 | -0.82 |
| Indonesia | 3.88 | -0.82 |
| Panama | 3.55 | -0.84 |
| Romania | 3.34 | -0.84 |
| Pakistan | 4.93 | -0.84 |
| Mexico | 4.43 | -0.85 |
| France | 5.43 | -0.85 |
| Uruguay | 3.99 | -0.86 |
| Lebanon | 5.96 | -0.90 |
| Luxembourg | 6.73 | -0.96 |
| Croatia (Hrvatska) | 3.16 | -1.00 |
| Vietnam | 3.81 | -1.00 |
| Ukraine | 7.57 | -1.01 |
| India | 4.06 | -1.03 |
| Egypt | 5.43 | -1.06 |
| Costa Rica | 5.84 | -1.14 |
| Kazakhstan | 4.46 | -1.22 |
| Turkey | 4.78 | -1.22 |
| Dominican Republic | 5.01 | -1.29 |
| Serbia | 3.01 | -1.35 |
| Sri Lanka | 4.89 | -1.38 |
| Jamaica | 7.14 | -1.47 |
| Argentina | 6.01 | -1.60 |
Country Average Sovereign+Corporate USD Yields Ordered by Current YTM
| country | Yield | YieldChange |
| Venezuela | 27.73 | 3.38 |
| Ecuador | 9.15 | 0.58 |
| Canada | 8.08 | 0.40 |
| El Salvador | 7.80 | -0.36 |
| Ukraine | 7.57 | -0.08 |
| Ghana | 7.49 | -0.10 |
| Jamaica | 7.14 | -0.09 |
| Luxembourg | 6.45 | -0.15 |
| Brazil | 6.30 | 0.12 |
| Egypt | 6.22 | 0.12 |
| Nigeria | 6.21 | 0.22 |
| Cote D'Ivoire (Ivory Coast) | 6.11 | -0.14 |
| Lebanon | 5.98 | -0.07 |
| Argentina | 5.88 | -0.14 |
| Costa Rica | 5.88 | 0.02 |
| Jordan | 5.68 | -0.13 |
| Trinidad and Tobago | 5.58 | 0.16 |
| United States | 5.52 | 0.09 |
| Barbados | 5.52 | 0.04 |
| France | 5.43 | -0.09 |
| Azerbaijan | 5.35 | 0.09 |
| Bahrain | 5.34 | 0.06 |
| Pakistan | 5.19 | -0.37 |
| United Kingdom | 5.10 | -0.04 |
| Dominican Republic | 5.03 | -0.21 |
| Sri Lanka | 4.89 | -0.10 |
| Turkey | 4.86 | -0.10 |
| Oman | 4.76 | 0.17 |
| South Africa | 4.69 | 0.05 |
| Kazakhstan | 4.67 | -0.18 |
| Mexico | 4.47 | -0.10 |
| Italy | 4.46 | 0.07 |
| Ireland | 4.45 | -0.23 |
| Colombia | 4.43 | -0.11 |
| Netherlands | 4.29 | -0.11 |
| India | 4.28 | -0.25 |
| Guatemala | 4.09 | -0.10 |
| Uruguay | 3.99 | -0.26 |
| Russian Federation | 3.94 | 0.03 |
| Indonesia | 3.94 | -0.10 |
| Germany | 3.89 | -0.10 |
| China | 3.85 | -0.08 |
| Vietnam | 3.81 | -0.17 |
| Morocco | 3.72 | -0.08 |
| Chile | 3.71 | -0.06 |
| Panama | 3.64 | -0.12 |
| United Arab Emirates | 3.63 | 0.07 |
| Peru | 3.62 | -0.09 |
| Korea (South) | 3.60 | -0.05 |
| Qatar | 3.58 | 0.48 |
| Israel | 3.45 | -0.12 |
| Romania | 3.34 | -0.19 |
| Thailand | 3.25 | -0.04 |
| Malaysia | 3.24 | -0.12 |
| Philippines | 3.21 | -0.15 |
| Croatia (Hrvatska) | 3.16 | -0.30 |
| Hungary | 3.07 | -0.18 |
| Serbia | 3.01 | -0.32 |
| Poland | 2.35 | -0.26 |
| Lithuania | 2.26 | -0.18 |
Chart: Kazakhstan, Hungary, Argentina et.al are few countries where risk improves over the past week despite some hesitation overall about risk.

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
BondVENEZUELA (BOLVARIAN REPUBLIC OF) RegS 19PETROLEOS DE VENEZUELA SA RegS 20PETROLEOS DE VENEZUELA SA MTN RegS 21VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 20
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondPAKISTAN (ISLAMIC REPUBLIC OF) RegS 24SERBIA REPUBLIC OF (GOVERNMENT) RegS 21POLAND REPUBLIC OF (GOVERNMENT) 23CROATIA REPUBLIC OF (GOVERNMENT) RegS 21
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondODEBRECHT DRILL VIII/IX RegS 21BANCO BTG PACTUAL SA (CAYMAN ISLA MTN RegS 20CBQ FINANCE LTD RegS 19CBQ FINANCE LTD MTN RegS 21
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondKAZKOMMERTSBANK JSC RegS 22VEDANTA RESOURCES PLC RegS 21GTL TRADE FINANCE INC RegS 24ALFA SAB DE CV RegS 24
Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryVenezuelaEcuadorGabonIraqNigeria
Country Average Corporate Yield Change USD Eurobonds Weekly
CountryQatarBrazilUnited StatesUnited Arab EmiratesBarbados
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
NameNOBLE GROUP LTD RegSODEBRECHT DRILL VIII/IX RegSODEBRECHT FINANCE LTD RegS
Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
NameARGENTINA REPUBLIC OF GOVERNMENTARGENTINA REPUBLIC OF GOVERNMENTARGENTINA REPUBLIC OF GOVERNMENT
Big Country Table - Stance, Ratings and Datamine
Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondJAPAN (GOVERNMENT OF) 10YR #287 17JAPAN (GOVERNMENT OF) 10YR #286 17SPAIN (KINGDOM OF) 17JAPAN (GOVERNMENT OF) 5YR #105 17
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondPORTUGAL (REPUBLIC OF) 23PORTUGAL (REPUBLIC OF) 24PORTUGAL (REPUBLIC OF) 25PORTUGAL (REPUBLIC OF) 26
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsGENON ENERGY INC 18United States51.7417.19NOBLE GROUP LTD 144A 20Hong Kong54.8113.50GRUPO ISOLUX CORSAN SA 21Spain418.298.86GRUPO ISOLUX CORSAN SA 21Spain184.438.53CONCORDIA INTERNATIONAL CORP 144A 22Canada60.868.13
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsBANCA POPOLARE DI VICENZA MTN RegS 18Italy11.38-12.11VENETO BANCA SCPA MTN RegS 19Italy9.69-9.65BANCA POPOLARE DI VICENZA SCPA MTN RegS 20Italy6.77-7.59CLAIRES STORES INC 144A 19United States55.78-3.12BPE FINANCIACIONES SA MTN RegS 20Spain0.36-2.66
Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWPORTUGAL (REPUBLIC OF)PTOTEBOE0020Portugal15-Feb-20454.104.00PORTUGAL (REPUBLIC OF)PTOTE5OE0007Portugal15-Apr-20374.103.78PORTUGAL (REPUBLIC OF)PTOTEROE0014Portugal15-Feb-20303.883.62
Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWGRUPO ISOLUX CORSAN SAXS1542318388Spain30-Dec-20210.25418.29GRUPO ISOLUX CORSAN SAXS1527710963Spain30-Dec-20213.00184.43CONCORDIA INTERNATIONAL CORP 144AUS206519AB61Canada21-Oct-20229.5060.86