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September FED Meeting propelled US yields. Average US treasuries yield moved higher and broke above 2% levels. US Fed has been focusing on inflation US CPI near 2% and core inflation at 1.6% set up a backdrop for a December US rate hike. The market has increased probabilty of a Dec move to over 75%.
Average DM yields moved higher as well the basket including DM bonds from US, Europe and Japan now yields 0.6% and it was below 0.5% still in August.
Catalan vote and ECB focus on tightening as economic condition become more solid the prime reason for yield inflation. It is also widely expected that on its October meeting ECB will announce the end of QE, which will be starting unwinding in Jan 2018.
In UK the focus is on tightening as well. On September meeting Bank of England gave notice to the markets that a rise in interest rates by the end of year was a strong possibility, this pushed UK gilts and stocks lower.
In Japan the backdrop is still for weaker yen. At September meeting a new board member Goushi Kataoka dissented to the BOJ's decision to maintain its interest rate targets, saying current monetary policy was insufficient to push inflation up to 2 percent during fiscal 2019. After three years of huge asset purchases Japan failed to drive up inflation to its 2 percent target. In a widely expected move, the BOJ maintained the 0.1 percent interest rate. But the focus was shifted to target inflation rather than M2 growth.
On the emerging markets in China dollar has stopped its weakness and has moved higher on dollar buying from Chinese firms amid upcoming Communist Party congress.
Despite various market gloomy rumors about the consequences of the congress, the focus in China is still very much rational. The nation’ss longest-serving central bank chief defined a troika of three drivers needed to further open up the economy, citing greater foreign trade and investment, a more market-based foreign-exchange rate mechanism with a reasonable and balanced yuan rate, and the relaxation of capital controls to allow use of the yuan to be gradually freed
In South Korea, bonds are under pressure not only from missile threat but also from higher inflation. Korean inflation quickened to 2.6 percent in August, the fastest since April 2012, before easing back to 2.1 percent in September. The yield on benchmark 10-year bonds was at 2.39 percent on Thursday, up from just 1.36 percent in July 2016.
Elsewhere on the emerging markets the focus is on softening as well. There is still room for lower rates in Brazil, Russia and India
In Brazil it is expected that BCB would lower the selic rate from 8.25% to 7.0% by year end 2018.
In Russia CBR continues to cut, albeit reluctant to make larger moves, keeping the carry trade intact.
RBI in India was expected to cut but is on hold for now. Still there is plenty of room to soften.
In Turkey the cuts are on hold for now. The CBT is struggling with higher than expected inflation and will be frustrated about not being able to cut rates earlier.
In South Africa the The central bank left its key rate unchanged at 6.75 percent on Sept. 22 but the economic growth is slowing, providing more room for cuts
Inside the Fed's September Meeting: The Annotated Minutes Inside the September FOMC Meeting: Key Points Spanish Bonds Face Turbulent Weeks on Catalan Standoff and ECB ... ECB policymakers signal support for winding down QE next year ... BOJ Rookie Dissents at Debut Meeting Kuroda's trademark surprises left BOJ divided Renovated Facilities Highlight BOE's First Meeting at High School ... No new clues on UK rate rise from Bank of England's Carney China's PBOC chief sees 7 percent GDP growth in second half ... China's Communist party congress: 3 investment themes to watch China's Central Bank Chief Warns Corporate Debt Is Too High Chinese central-bank chief talks of reforms aimed at lifting yuan's ... Artemis £3.7bn Global Income manager buys emerging markets Interest rates set to tumble in Brazil, Pantheon Macroeconomics says Why not let RBI decide small savings interest rates? Here's how some banks leave borrowers high & dry after every RBI ... Otkritie bailout prompts questions over regulatory oversight Russia's on the Way Back Turkish lira tumbles amid fears on economy and terrorist threat Turkish Lira Slides as "Turkish Central Bank Loses Credibility" South African Central Bank Surprises as It Holds Key Rate Weak South Africa Growth May Allow for Lower Rates, Central Bank ... The World Once Laughed at North Korean Cyberpower. No More. Yellen sounds upbeat on economy, signaling likely rate hike
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondPETROLEOS DE VENEZUELA SA RegS 22VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22VENEZUELA BOLIVARIAN REPUBLIC OF RegS 31PETROLEOS DE VENEZUELA SA RegS 24
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondPETROLEOS DE VENEZUELA SA RegS 35ARGENTINA REPUBLIC OF GOVERNMENT MTN 27ARGENTINA REPUBLIC OF GOVERNMENT MTN 26ARGENTINA REPUBLIC OF 33
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondNOBLE GROUP LTD RegS 20CSN RESOURCES SA RegS 20GERDAU HOLDINGS INC RegS 20JBS INVESTMENTS GMBH RegS 20
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondTULLOW OIL PLC RegS 22CBOM FINANCE PLC - TIER 2 RegS 27LIQUID TELECOMMUNICATIONS FINANCIN 144A 22IHS NETHERLANDS HOLDCO BV RegS 21
Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryVenezuelaIraqMoroccoZambiaMexico
Country Average Corporate Yield Change USD Eurobonds Weekly
CountryHong KongMoroccoPanamaQatarTurkey
Top 30 GEM Souvereign Eurobonds by Yield
NamePETROLEOS DE VENEZUELA SA MTN RegSPETROLEOS DE VENEZUELA SA RegSVENEZUELA BOLIVARIAN REPUBLIC OF RegS
Top 30 GEM Corporate Eurobonds by Yield
NameNOBLE GROUP LTD RegSODEBRECHT FINANCE LTD RegSCSN RESOURCES SA 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
BondUK CONV GILT RegS 20UK CONV GILT RegS 21UK CONV GILT RegS 22UK CONV GILT RegS 19
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondITALY (REPUBLIC OF) 31ITALY (REPUBLIC OF) 28ITALY (REPUBLIC OF) 26ITALY (REPUBLIC OF) 27
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsCONCORDIA INTERNATIONAL CORP 144A 22Canada80.957.73CONCORDIA HEALTHCARE CORP 144A 23Canada68.763.05CHS/COMMUNITY HEALTH SYSTEMS INC 20United States13.951.42NEW LOOK SECURED ISSUER PLC RegS 22United Kingdom18.151.42MURRAY ENERGY CORP 144A 21United States31.161.41
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsNEIMAN MARCUS GROUP LTD LLC 144A 21United States26.32-2.46DENBURY RESOURCES INC 23United States17.11-1.15CMF SPA RegS 22Italy8.89-1.09ALGECO SCOTSMAN GLOBAL FINANCE PLC 144A 18United Kingdom12.51-0.73K HOVNANIAN ENTERPRISES INC 144A 22United States8.13-0.70
Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWAUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAS7AustraliaMar 21, 20473.003.59PORTUGAL (REPUBLIC OF)PTOTEBOE0020PortugalFeb 15, 20454.103.58BUONI POLIENNALI DEL TESOROIT0005217390ItalyMar 01, 20672.803.41
Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWCONCORDIA INTERNATIONAL CORP 144AUS206519AB61CanadaOct 21, 20229.5080.95CONCORDIA HEALTHCARE CORP 144AUS206519AA88CanadaApr 15, 20237.0068.76PACIFIC DRILLING SA 144AUS69419BAA35United StatesJun 01, 20205.3857.53
Country Average Sovereign+Corporate USD Yields Ordered by Weekly Change
| country | Yield | YieldChange |
| Venezuela | 32.55 | 0.34 |
| Hong Kong | 10.57 | 0.28 |
| Canada | 8.56 | 0.21 |
| Morocco | 4.02 | 0.08 |
| Mexico | 4.32 | 0.06 |
| Pakistan | 5.39 | 0.06 |
| Qatar | 3.68 | 0.05 |
| Costa Rica | 5.74 | 0.04 |
| France | 5.41 | 0.04 |
| Zambia | 6.80 | 0.03 |
| Italy | 4.80 | 0.03 |
| Germany | 3.98 | 0.03 |
| United States | 5.55 | 0.02 |
| Kuwait | 3.39 | 0.02 |
| Ireland | 4.79 | 0.02 |
| Oman | 4.65 | 0.01 |
| Turkey | 4.99 | 0.01 |
| Guatemala | 4.61 | 0.01 |
| Netherlands | 4.12 | 0.01 |
| Finland | 3.16 | 0.01 |
| Colombia | 4.41 | 0.00 |
| Serbia | 2.99 | 0.00 |
| Croatia (Hrvatska) | 3.08 | 0.00 |
| Vietnam | 3.47 | 0.00 |
| Hungary | 2.92 | -0.01 |
| Brazil | 5.29 | -0.01 |
| Trinidad and Tobago | 4.98 | -0.01 |
| Saudi Arabia | 4.57 | -0.01 |
| Macau | 4.88 | -0.01 |
| Romania | 3.31 | -0.02 |
| Azerbaijan | 4.83 | -0.02 |
| Lebanon | 6.43 | -0.02 |
| Cote D'Ivoire (Ivory Coast) | 5.92 | -0.02 |
| Chile | 4.19 | -0.02 |
| Jordan | 6.04 | -0.02 |
| United Arab Emirates | 3.66 | -0.02 |
| Peru | 3.76 | -0.03 |
| Panama | 3.73 | -0.03 |
| Philippines | 3.26 | -0.03 |
| Israel | 4.48 | -0.03 |
| Lithuania | 2.24 | -0.04 |
| Ecuador | 7.82 | -0.04 |
| Ukraine | 6.63 | -0.04 |
| Thailand | 3.50 | -0.04 |
| Uruguay | 3.77 | -0.05 |
| Poland | 2.56 | -0.05 |
| Luxembourg | 7.47 | -0.05 |
| United Kingdom | 4.89 | -0.05 |
| Kazakhstan | 4.57 | -0.06 |
| Senegal | 5.39 | -0.06 |
| Indonesia | 3.76 | -0.06 |
| Bahrain | 5.46 | -0.06 |
| Russian Federation | 4.13 | -0.07 |
| Singapore | 4.09 | -0.07 |
| Malaysia | 3.36 | -0.08 |
| Dominican Republic | 4.76 | -0.08 |
| India | 4.03 | -0.08 |
| Korea (South) | 3.58 | -0.08 |
| South Africa | 4.65 | -0.09 |
| China | 4.32 | -0.09 |
| El Salvador | 6.80 | -0.09 |
| Egypt | 5.77 | -0.10 |
| Jamaica | 6.83 | -0.10 |
| Nigeria | 6.04 | -0.11 |
| Sri Lanka | 4.55 | -0.12 |
| Ghana | 6.45 | -0.12 |
| Argentina | 5.69 | -0.15 |
Country Average Sovereign+Corporate USD Yields Ordered By YTD Yield Change
| country | Yield | YieldChange |
| Venezuela | 33.24 | 9.54 |
| Canada | 9.67 | 1.59 |
| Qatar | 3.59 | 0.04 |
| Israel | 4.09 | -0.12 |
| United States | 5.56 | -0.19 |
| Oman | 4.73 | -0.20 |
| Korea (South) | 3.73 | -0.29 |
| Bahrain | 5.46 | -0.33 |
| Jordan | 5.89 | -0.35 |
| China | 3.80 | -0.40 |
| Trinidad and Tobago | 5.00 | -0.41 |
| Germany | 3.91 | -0.43 |
| Philippines | 3.17 | -0.44 |
| United Arab Emirates | 3.64 | -0.53 |
| Lebanon | 6.30 | -0.58 |
| Pakistan | 5.17 | -0.60 |
| Thailand | 2.83 | -0.62 |
| Guatemala | 4.26 | -0.64 |
| Netherlands | 3.98 | -0.69 |
| Russian Federation | 3.80 | -0.70 |
| Chile | 4.33 | -0.70 |
| Morocco | 3.74 | -0.70 |
| Peru | 3.52 | -0.71 |
| Lithuania | 2.24 | -0.78 |
| South Africa | 4.67 | -0.80 |
| Azerbaijan | 4.85 | -0.81 |
| United Kingdom | 5.27 | -0.83 |
| Poland | 2.56 | -0.85 |
| Malaysia | 3.36 | -0.85 |
| France | 5.41 | -0.87 |
| Romania | 3.31 | -0.88 |
| Italy | 4.76 | -0.89 |
| Colombia | 4.27 | -0.91 |
| Mexico | 4.35 | -0.91 |
| Panama | 3.46 | -0.92 |
| Cote D'Ivoire (Ivory Coast) | 5.73 | -0.93 |
| Hungary | 2.92 | -0.95 |
| Indonesia | 3.69 | -1.01 |
| Uruguay | 3.77 | -1.08 |
| Croatia (Hrvatska) | 3.08 | -1.09 |
| El Salvador | 6.78 | -1.13 |
| Brazil | 5.23 | -1.17 |
| India | 3.82 | -1.19 |
| Turkey | 4.79 | -1.22 |
| Costa Rica | 5.70 | -1.28 |
| Ecuador | 7.32 | -1.30 |
| Vietnam | 3.47 | -1.34 |
| Serbia | 2.99 | -1.38 |
| Kazakhstan | 4.31 | -1.41 |
| Egypt | 4.96 | -1.54 |
| Dominican Republic | 4.73 | -1.57 |
| Ghana | 6.60 | -1.74 |
| Sri Lanka | 4.46 | -1.85 |
| Argentina | 5.64 | -1.97 |
| Jamaica | 6.67 | -2.08 |
| Ukraine | 6.55 | -2.15 |
| Luxembourg | 7.38 | -3.56 |
Country Average Sovereign+Corporate USD Yields Ordered by Current YTM
| country | Yield | YieldChange |
| Venezuela | 32.55 | 0.34 |
| Hong Kong | 10.57 | 0.28 |
| Canada | 8.56 | 0.21 |
| Ecuador | 7.82 | -0.04 |
| Luxembourg | 7.47 | -0.05 |
| Jamaica | 6.83 | -0.10 |
| Zambia | 6.80 | 0.03 |
| El Salvador | 6.80 | -0.09 |
| Ukraine | 6.63 | -0.04 |
| Ghana | 6.45 | -0.12 |
| Lebanon | 6.43 | -0.02 |
| Nigeria | 6.04 | -0.11 |
| Jordan | 6.04 | -0.02 |
| Cote D'Ivoire (Ivory Coast) | 5.92 | -0.02 |
| Egypt | 5.77 | -0.10 |
| Costa Rica | 5.74 | 0.04 |
| Argentina | 5.69 | -0.15 |
| United States | 5.55 | 0.02 |
| Bahrain | 5.46 | -0.06 |
| France | 5.41 | 0.04 |
| Pakistan | 5.39 | 0.06 |
| Senegal | 5.39 | -0.06 |
| Brazil | 5.29 | -0.01 |
| Turkey | 4.99 | 0.01 |
| Trinidad and Tobago | 4.98 | -0.01 |
| United Kingdom | 4.89 | -0.05 |
| Macau | 4.88 | -0.01 |
| Azerbaijan | 4.83 | -0.02 |
| Italy | 4.80 | 0.03 |
| Ireland | 4.79 | 0.02 |
| Dominican Republic | 4.76 | -0.08 |
| Oman | 4.65 | 0.01 |
| South Africa | 4.65 | -0.09 |
| Guatemala | 4.61 | 0.01 |
| Kazakhstan | 4.57 | -0.06 |
| Saudi Arabia | 4.57 | -0.01 |
| Sri Lanka | 4.55 | -0.12 |
| Israel | 4.48 | -0.03 |
| Colombia | 4.41 | 0.00 |
| Mexico | 4.32 | 0.06 |
| China | 4.32 | -0.09 |
| Chile | 4.19 | -0.02 |
| Russian Federation | 4.13 | -0.07 |
| Netherlands | 4.12 | 0.01 |
| Singapore | 4.09 | -0.07 |
| India | 4.03 | -0.08 |
| Morocco | 4.02 | 0.08 |
| Germany | 3.98 | 0.03 |
| Uruguay | 3.77 | -0.05 |
| Peru | 3.76 | -0.03 |
| Indonesia | 3.76 | -0.06 |
| Panama | 3.73 | -0.03 |
| Qatar | 3.68 | 0.05 |
| United Arab Emirates | 3.66 | -0.02 |
| Korea (South) | 3.58 | -0.08 |
| Thailand | 3.50 | -0.04 |
| Vietnam | 3.47 | 0.00 |
| Kuwait | 3.39 | 0.02 |
| Malaysia | 3.36 | -0.08 |
| Romania | 3.31 | -0.02 |
| Philippines | 3.26 | -0.03 |
| Finland | 3.16 | 0.01 |
| Croatia (Hrvatska) | 3.08 | 0.00 |
| Serbia | 2.99 | 0.00 |
| Hungary | 2.92 | -0.01 |
| Poland | 2.56 | -0.05 |
| Lithuania | 2.24 | -0.04 |
Chart: Emerging Markets are in Counter Cycle with Developed Markets.. This is convergence. Will it continue as DM central banks continue to tighten?
Source: ML
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Bonds Datamine Queries
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
BondPETROLEOS DE VENEZUELA SA RegS 22VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22VENEZUELA BOLIVARIAN REPUBLIC OF RegS 31PETROLEOS DE VENEZUELA SA RegS 24
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondPETROLEOS DE VENEZUELA SA RegS 35ARGENTINA REPUBLIC OF GOVERNMENT MTN 27ARGENTINA REPUBLIC OF GOVERNMENT MTN 26ARGENTINA REPUBLIC OF 33
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondNOBLE GROUP LTD RegS 20CSN RESOURCES SA RegS 20GERDAU HOLDINGS INC RegS 20JBS INVESTMENTS GMBH RegS 20
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
BondTULLOW OIL PLC RegS 22CBOM FINANCE PLC - TIER 2 RegS 27LIQUID TELECOMMUNICATIONS FINANCIN 144A 22IHS NETHERLANDS HOLDCO BV RegS 21
Country Average Sovereign Yield Change USD Eurobonds Weekly
CountryVenezuelaIraqMoroccoZambiaMexico
Country Average Corporate Yield Change USD Eurobonds Weekly
CountryHong KongMoroccoPanamaQatarTurkey
Top 30 GEM Souvereign Eurobonds by Yield
NamePETROLEOS DE VENEZUELA SA MTN RegSPETROLEOS DE VENEZUELA SA RegSVENEZUELA BOLIVARIAN REPUBLIC OF RegS
Top 30 GEM Corporate Eurobonds by Yield
NameNOBLE GROUP LTD RegSODEBRECHT FINANCE LTD RegSCSN RESOURCES SA 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
BondUK CONV GILT RegS 20UK CONV GILT RegS 21UK CONV GILT RegS 22UK CONV GILT RegS 19
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
BondITALY (REPUBLIC OF) 31ITALY (REPUBLIC OF) 28ITALY (REPUBLIC OF) 26ITALY (REPUBLIC OF) 27
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
BondCountryYieldYield Change %ptsCONCORDIA INTERNATIONAL CORP 144A 22Canada80.957.73CONCORDIA HEALTHCARE CORP 144A 23Canada68.763.05CHS/COMMUNITY HEALTH SYSTEMS INC 20United States13.951.42NEW LOOK SECURED ISSUER PLC RegS 22United Kingdom18.151.42MURRAY ENERGY CORP 144A 21United States31.161.41
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
BondCountryYieldYield Change %ptsNEIMAN MARCUS GROUP LTD LLC 144A 21United States26.32-2.46DENBURY RESOURCES INC 23United States17.11-1.15CMF SPA RegS 22Italy8.89-1.09ALGECO SCOTSMAN GLOBAL FINANCE PLC 144A 18United Kingdom12.51-0.73K HOVNANIAN ENTERPRISES INC 144A 22United States8.13-0.70
Top 30 DM Souvereign Eurobonds by Yield
NameISINcountryMaturityCouponYTWAUSTRALIA (COMMONWEALTH OF) RegSAU000XCLWAS7AustraliaMar 21, 20473.003.59PORTUGAL (REPUBLIC OF)PTOTEBOE0020PortugalFeb 15, 20454.103.58BUONI POLIENNALI DEL TESOROIT0005217390ItalyMar 01, 20672.803.41
Top 30 DM Corporate Eurobonds by Yield
NameISINcountryMaturityCouponYTWCONCORDIA INTERNATIONAL CORP 144AUS206519AB61CanadaOct 21, 20229.5080.95CONCORDIA HEALTHCARE CORP 144AUS206519AA88CanadaApr 15, 20237.0068.76PACIFIC DRILLING SA 144AUS69419BAA35United StatesJun 01, 20205.3857.53
Top 20 GEM Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
| Bond | Country | Yield | Yield Change % pts |
| PETROLEOS DE VENEZUELA SA RegS 22 | Venezuela | 47.92 | 2.36 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS 22 | Venezuela | 44.22 | 1.36 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS 31 | Venezuela | 31.56 | 0.91 |
| PETROLEOS DE VENEZUELA SA RegS 24 | Venezuela | 35.85 | 0.48 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS 28 | Venezuela | 30.31 | 0.41 |
| VENEZUELA (BOLIVARIAN REPUBLIC OF) 27 | Venezuela | 27.18 | 0.31 |
| PETROLEOS DE VENEZUELA SA RegS 27 | Venezuela | 24.72 | 0.23 |
| IRAQ (REPUBLIC OF) RegS 28 | Iraq | 7.46 | 0.22 |
| PETROLEOS MEXICANOS 41 | Mexico | 6.41 | 0.21 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) 34 | Venezuela | 27.88 | 0.19 |
| PETROLEOS DE VENEZUELA SA RegS 20 | Venezuela | 18.84 | 0.18 |
| PETROLEOS MEXICANOS MTN 26 | Mexico | 4.76 | 0.18 |
| PETROLEOS MEXICANOS 25 | Mexico | 4.55 | 0.18 |
| PETROLEOS MEXICANOS MTN 47 | Mexico | 6.54 | 0.17 |
| PETROLEOS MEXICANOS RegS 27 | Mexico | 5.32 | 0.17 |
| PETROLEOS MEXICANOS 45 | Mexico | 6.48 | 0.17 |
| PETROLEOS MEXICANOS 23 | Mexico | 4.10 | 0.17 |
| PETROLEOS MEXICANOS RegS 22 | Mexico | 3.87 | 0.17 |
| PETROLEOS MEXICANOS 46 | Mexico | 6.37 | 0.16 |
| PETROLEOS MEXICANOS 24 | Mexico | 4.44 | 0.16 |
Top 20 GEM Sovereign Bonds Yields Drops Week Change USD Eurobonds (Winners)
| Bond | Country | Yield | Yield Change %pts |
| PETROLEOS DE VENEZUELA SA RegS 35 | Venezuela | 28.96 | -0.63 |
| ARGENTINA REPUBLIC OF GOVERNMENT MTN 27 | Argentina | 5.50 | -0.28 |
| ARGENTINA REPUBLIC OF GOVERNMENT MTN 26 | Argentina | 5.46 | -0.27 |
| ARGENTINA REPUBLIC OF 33 | Argentina | 5.97 | -0.24 |
| ARGENTINA REPUBLIC OF GOVERNMENT MTN 22 | Argentina | 4.05 | -0.24 |
| ARGENTINA REPUBLIC OF GOVERNMENT MTN 36 | Argentina | 6.39 | -0.24 |
| ARGENTINA REPUBLIC OF GOVERNMENT MTN 28 | Argentina | 5.71 | -0.24 |
| CNAC HK FINBRIDGE CO LTD RegS 27 | China | 3.77 | -0.23 |
| ARGENTINA REPUBLIC OF GOVERNMENT 21 | Argentina | 3.84 | -0.21 |
| EGYPT (ARAB REPUBLIC OF) MTN RegS 27 | Egypt | 6.04 | -0.21 |
| PETROLEOS DE VENEZUELA SA MTN RegS 21 | Venezuela | 48.78 | -0.21 |
| EGYPT (ARAB REPUBLIC OF) MTN RegS 25 | Egypt | 5.67 | -0.20 |
| ARGENTINA (REPUBLIC OF) 38 | Argentina | 6.56 | -0.19 |
| ESKOM HOLDINGS LTD RegS 21 | South Africa | 4.96 | -0.19 |
| SOUTH AFRICA (REPUBLIC OF) 20 | South Africa | 2.73 | -0.19 |
| SINOPEC GROUP OVERSEAS DEVELOPMENT RegS 25 | China | 3.14 | -0.19 |
| SRI LANKA (DEMOCRATIC SOCIALIST RE RegS 27 | Sri Lanka | 5.34 | -0.18 |
| EXPORT-IMPORT BANK OF CHINA RegS 24 | China | 2.93 | -0.18 |
| ARGENTINA REPUBLIC OF GOVERNMENT 46 | Argentina | 6.57 | -0.17 |
| CNAC HK FINBRIDGE CO LTD RegS 22 | China | 3.27 | -0.17 |
Top 10 GEM Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
| Bond | Country | Yield | Yield Change %pts |
| NOBLE GROUP LTD RegS 20 | Hong Kong | 59.70 | 3.87 |
| CSN RESOURCES SA RegS 20 | Brazil | 11.04 | 0.63 |
| GERDAU HOLDINGS INC RegS 20 | Brazil | 3.31 | 0.52 |
| JBS INVESTMENTS GMBH RegS 20 | Brazil | 7.14 | 0.28 |
| BRASKEM FINANCE LTD RegS 22 | Brazil | 3.92 | 0.22 |
| ALFA SAB DE CV RegS 24 | Mexico | 3.86 | 0.19 |
| TURKIYE HALK BANKASI AS RegS 21 | Turkey | 5.29 | 0.17 |
| BBVA BANCOMER SA (TEXAS BRANCH) RegS 24 | Mexico | 3.62 | 0.17 |
| ABQ FINANCE LTD MTN RegS 22 | Qatar | 3.84 | 0.15 |
| QNB FINANCE LTD MTN RegS 21 | Qatar | 3.37 | 0.15 |
| JBS USA LUX SA/JBS USA FINANCE INC RegS 21 | Brazil | 6.70 | 0.15 |
| FIRST QUANTUM MINERALS LTD RegS 23 | Zambia | 6.40 | 0.13 |
| BANCOLOMBIA SA 21 | Colombia | 3.08 | 0.13 |
| MHP SA RegS 20 | Ukraine | 4.78 | 0.13 |
| BBVA BANCOMER SA TEXAS RegS 22 | Mexico | 3.66 | 0.13 |
| BANCO INTERNACIONAL DEL PERU-INTER RegS 20 | Panama | 2.54 | 0.13 |
| TURKIYE IS BANKASI AS MTN RegS 20 | Turkey | 4.40 | 0.12 |
| SASOL FINANCING INTERNATIONAL PLC 22 | South Africa | 3.90 | 0.11 |
| TURKIYE IS BANKASI AS MTN RegS 21 | Turkey | 4.77 | 0.11 |
| BANCO SANTANDER MEXICO SA (MEXICO) RegS 22 | Mexico | 3.27 | 0.11 |
Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly
| Bond | Country | Yield | Yield Change %pts |
| TULLOW OIL PLC RegS 22 | Ghana | 6.31 | -0.53 |
| CBOM FINANCE PLC - TIER 2 RegS 27 | Russian Federation | 9.10 | -0.52 |
| LIQUID TELECOMMUNICATIONS FINANCIN 144A 22 | South Africa | 7.63 | -0.47 |
| IHS NETHERLANDS HOLDCO BV RegS 21 | Nigeria | 7.46 | -0.39 |
| ZENITH BANK PLC RegS 22 | Nigeria | 5.93 | -0.37 |
| BHARTI AIRTEL INTERNATIONAL NETHER RegS 23 | India | 3.63 | -0.29 |
| CHINA CINDA FINANCE (2015) I LTD MTN RegS 25 | China | 3.64 | -0.28 |
| HUARONG FINANCE II CO LTD MTN RegS 25 | China | 4.02 | -0.27 |
| DIGICEL LTD RegS 21 | Jamaica | 6.66 | -0.27 |
| HUARONG FINANCE 2017 CO LTD MTN RegS 27 | China | 4.15 | -0.24 |
| CHINA EVERGRANDE GROUP RegS 25 | China | 8.21 | -0.22 |
| FIRST QUANTUM MINERALS LTD RegS 21 | Zambia | 5.95 | -0.21 |
| EVRAZ GROUP SA RegS 21 | Russian Federation | 3.99 | -0.21 |
| AZURE NOVA INTERNATIONAL FINANCE L MTN RegS 22 | China | 3.04 | -0.21 |
| WOORI BANK CO LTD RegS 24 | Korea (South) | 3.93 | -0.20 |
| MARFRIG HOLDINGS (EUROPE) BV RegS 23 | Brazil | 7.12 | -0.20 |
| JD.COM INC 26 | China | 3.61 | -0.20 |
| ONGC VIDESH LTD RegS 24 | India | 3.27 | -0.19 |
| DIGICEL GROUP LTD RegS 22 | Jamaica | 9.28 | -0.18 |
| CHINA OVERSEAS FINANCE (CAYMAN I L RegS 20 | China | 2.60 | -0.18 |
Country Average Sovereign Yield Change USD Eurobonds Weekly
| Country | Average Yield | Yield Average change % pts |
| Venezuela | 32.27 | 0.31 |
| Iraq | 7.30 | 0.17 |
| Morocco | 3.17 | 0.13 |
| Zambia | 7.42 | 0.10 |
| Mexico | 4.32 | 0.09 |
| Kenya | 6.41 | 0.07 |
| Pakistan | 5.08 | 0.06 |
| Costa Rica | 5.88 | 0.04 |
| United States | 1.03 | 0.01 |
| Angola | 8.07 | 0.01 |
| Croatia (Hrvatska) | 3.09 | 0.01 |
| Slovak Republic | 2.39 | 0.00 |
| Vietnam | 3.67 | 0.00 |
| Serbia | 3.03 | -0.01 |
| Oman | 4.68 | -0.01 |
| Hungary | 2.92 | -0.01 |
| Jordan | 6.33 | -0.01 |
| Azerbaijan | 4.64 | -0.02 |
| Ukraine | 6.64 | -0.02 |
| Turkey | 4.85 | -0.02 |
| Romania | 3.31 | -0.02 |
| Philippines | 3.23 | -0.03 |
| Lebanon | 6.51 | -0.03 |
| Peru | 3.96 | -0.03 |
| Cote D'Ivoire (Ivory Coast) | 5.99 | -0.03 |
| Colombia | 3.89 | -0.04 |
| Lithuania | 2.24 | -0.04 |
| Uruguay | 3.77 | -0.05 |
| Jamaica | 5.56 | -0.05 |
| Ecuador | 7.81 | -0.05 |
| Trinidad and Tobago | 4.38 | -0.05 |
| Paraguay | 5.16 | -0.05 |
| El Salvador | 7.32 | -0.05 |
| Mongolia | 5.75 | -0.05 |
| Poland | 2.56 | -0.05 |
| Russian Federation | 3.91 | -0.05 |
| Nigeria | 6.81 | -0.05 |
| Ghana | 6.56 | -0.06 |
| Panama | 3.24 | -0.06 |
| Tunisia | 6.16 | -0.06 |
| Senegal | 5.88 | -0.06 |
| Brazil | 4.53 | -0.06 |
| Indonesia | 3.71 | -0.07 |
| Bolivia | 4.85 | -0.07 |
| Ethiopia | 6.10 | -0.07 |
| Kazakhstan | 4.30 | -0.07 |
| Dominican Republic | 4.78 | -0.08 |
| Chile | 3.57 | -0.08 |
| Malaysia | 3.28 | -0.09 |
| Egypt | 5.71 | -0.09 |
| China | 2.88 | -0.10 |
| Gabon | 6.70 | -0.10 |
| South Africa | 4.83 | -0.11 |
| India | 3.48 | -0.13 |
| Sri Lanka | 4.64 | -0.13 |
| Argentina | 5.77 | -0.21 |
Country Average Corporate Yield Change USD Eurobonds Weekly
| Country | Average Yield | Yield Average change % pts |
| Hong Kong | 7.46 | 0.21 |
| Morocco | 4.91 | 0.07 |
| Panama | 4.24 | 0.06 |
| Qatar | 3.68 | 0.05 |
| Turkey | 5.10 | 0.05 |
| Kuwait | 3.39 | 0.02 |
| Guatemala | 5.65 | 0.01 |
| United States | 1.03 | 0.01 |
| Brazil | 5.58 | 0.01 |
| Colombia | 4.76 | 0.00 |
| Mexico | 4.10 | 0.00 |
| Philippines | 3.56 | 0.00 |
| Kazakhstan | 4.97 | 0.00 |
| Ukraine | 7.79 | -0.01 |
| Macau | 4.88 | -0.01 |
| Chile | 4.09 | -0.01 |
| Saudi Arabia | 4.57 | -0.01 |
| United Arab Emirates | 3.66 | -0.02 |
| Peru | 3.51 | -0.02 |
| Israel | 4.48 | -0.03 |
| Thailand | 3.32 | -0.04 |
| Zambia | 6.18 | -0.04 |
| Supranational | 3.26 | -0.04 |
| Argentina | 6.02 | -0.06 |
| Russian Federation | 4.28 | -0.06 |
| Korea (South) | 3.16 | -0.07 |
| Singapore | 3.74 | -0.07 |
| Malaysia | 3.48 | -0.07 |
| South Africa | 4.61 | -0.09 |
| India | 3.54 | -0.09 |
| China | 3.86 | -0.10 |
| Indonesia | 4.75 | -0.11 |
| Taiwan | 3.24 | -0.12 |
| Jamaica | 8.00 | -0.13 |
| Nigeria | 5.69 | -0.26 |
| Ghana | 6.31 | -0.53 |
Top 30 GEM Souvereign Eurobonds by Yield
| Name | ISIN | country | Maturity | Coupon | YTW |
| PETROLEOS DE VENEZUELA SA MTN RegS | USP7807HAP03 | Venezuela | Nov 17, 2021 | 9.00 | 48.78 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAM71 | Venezuela | Feb 17, 2022 | 12.75 | 47.92 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS | USP17625AC16 | Venezuela | Aug 23, 2022 | 12.75 | 44.22 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP97475AG56 | Venezuela | Dec 09, 2020 | 6.00 | 43.07 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP17625AA59 | Venezuela | May 07, 2023 | 9.00 | 37.20 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAT25 | Venezuela | May 16, 2024 | 6.00 | 35.85 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS | USP17625AE71 | Venezuela | Oct 21, 2026 | 11.75 | 33.91 |
| VENEZUELA (BOLIVARIAN REPUBLIC OF) RegS | USP97475AP55 | Venezuela | Oct 13, 2024 | 8.25 | 32.46 |
| VENEZUELA BOLIVARIAN REPUBLIC OF RegS | USP17625AD98 | Venezuela | Aug 05, 2031 | 11.95 | 31.56 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | XS0217249126 | Venezuela | Apr 21, 2025 | 7.65 | 30.46 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP17625AB33 | Venezuela | May 07, 2028 | 9.25 | 30.31 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAQ85 | Venezuela | May 17, 2035 | 9.75 | 28.96 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAR68 | Venezuela | Nov 15, 2026 | 6.00 | 28.51 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) | US922646BL74 | Venezuela | Jan 13, 2034 | 9.38 | 27.88 |
| VENEZUELA (BOLIVARIAN REPUBLIC OF) | US922646AS37 | Venezuela | Sep 15, 2027 | 9.25 | 27.18 |
| PETROLEOS DE VENEZUELA SA RegS | XS0294364954 | Venezuela | Apr 12, 2027 | 5.38 | 24.72 |
| VENEZUELA (BOLVARIAN REPUBLIC OF) RegS | USP97475AJ95 | Venezuela | Mar 31, 2038 | 7.00 | 21.85 |
| PETROLEOS DE VENEZUELA SA RegS | XS0294367205 | Venezuela | Apr 12, 2037 | 5.50 | 19.42 |
| PETROLEOS DE VENEZUELA SA RegS | USP7807HAV70 | Venezuela | Oct 27, 2020 | 8.50 | 18.84 |
| ECUADOR REPUBLIC OF (GOVERNMENT) RegS | XS1626530320 | Ecuador | Jun 02, 2027 | 9.63 | 8.63 |
| ECUADOR REPUBLIC OF (GOVERNMENT) RegS | XS1535071986 | Ecuador | Dec 13, 2026 | 9.65 | 8.55 |
| ANGOLA (REPUBLIC OF) RegS | XS1318576086 | Angola | Nov 12, 2025 | 9.50 | 8.07 |
| ECUADOR (REPUBLIC OF) RegS | XS1080330704 | Ecuador | Jun 20, 2024 | 7.95 | 7.85 |
| ECUADOR REPUBLIC OF (GOVERNMENT) RegS | XS1626768730 | Ecuador | Jun 02, 2023 | 8.75 | 7.80 |
| ZAMBIA (REPUBLIC OF) RegS | XS1267081575 | Zambia | Jul 30, 2027 | 8.97 | 7.64 |
| UKRAINE REPUBLIC OF (GOVERNMENT) 144A | US903724BM37 | Ukraine | Sep 25, 2032 | 7.38 | 7.53 |
| EGYPT (ARAB REPUBLIC OF) MTN RegS | XS1558078496 | Egypt | Jan 31, 2047 | 8.50 | 7.46 |
| IRAQ (REPUBLIC OF) RegS | XS0240295575 | Iraq | Jan 15, 2028 | 5.80 | 7.46 |
| LEBANON (REPUBLIC OF) RegS | XS1313654623 | Lebanon | Nov 02, 2035 | 7.05 | 7.43 |
| ECUADOR REPUBLIC OF (GOVERNMENT) RegS | XS1458514673 | Ecuador | Mar 28, 2022 | 10.75 | 7.34 |
Top 30 GEM Corporate Eurobonds by Yield
| Name | ISIN | country | Maturity | Coupon | YTW |
| NOBLE GROUP LTD RegS | USG6542TAE13 | Hong Kong | Jan 29, 2020 | 6.75 | 59.70 |
| ODEBRECHT FINANCE LTD RegS | USG6710EAP54 | Brazil | Apr 25, 2025 | 4.38 | 20.96 |
| CSN RESOURCES SA RegS | USL21779AA88 | Brazil | Jul 21, 2020 | 6.50 | 11.04 |
| DTEK FINANCE PLC RegS | XS1543030222 | Ukraine | Dec 31, 2024 | 10.75 | 10.79 |
| DIGICEL GROUP LTD RegS | USG27631AF05 | Jamaica | Apr 01, 2022 | 7.13 | 9.28 |
| CBOM FINANCE PLC - TIER 2 RegS | XS1589106910 | Russian Federation | Oct 05, 2027 | 7.50 | 9.10 |
| DIGICEL GROUP LTD RegS | USG27631AD56 | Jamaica | Sep 30, 2020 | 8.25 | 8.94 |
| BANCO DO BRASIL SA RegS | USP3772WAC66 | Brazil | Dec 31, 2049 | 9.25 | 8.50 |
| KAISA GROUP HOLDINGS LTD RegS | XS1627597955 | China | Jun 30, 2022 | 8.50 | 8.40 |
| STONEWAY CAPITAL CORP RegS | USC86155AA35 | Argentina | Mar 01, 2027 | 10.00 | 8.35 |
| COLOMBIA TELECOMUNICACIONES SA ESP RegS | USP28768AB86 | Colombia | Dec 31, 2049 | 8.50 | 8.29 |
| CHINA EVERGRANDE GROUP RegS | XS1627599654 | China | Jun 28, 2025 | 8.75 | 8.21 |
| YAPI VE KREDI BANKASI AS MTN RegS | XS1376681067 | Turkey | Mar 09, 2026 | 8.50 | 7.67 |
| LIQUID TELECOMMUNICATIONS FINANCIN 144A | US536333AA58 | South Africa | Jul 13, 2022 | 8.50 | 7.63 |
| CHINA EVERGRANDE GROUP RegS | XS1627599498 | China | Jun 28, 2023 | 7.50 | 7.50 |
| IHS NETHERLANDS HOLDCO BV RegS | XS1505674751 | Nigeria | Oct 27, 2021 | 9.50 | 7.46 |
| OLAM INTERNATIONAL LTD MTN RegS | XS1452359521 | Singapore | Dec 31, 2049 | 5.35 | 7.33 |
| BANCO DO BRASIL (GRAND CAYMAN BRAN RegS | USG07402DP58 | Brazil | Dec 31, 2049 | 6.25 | 7.26 |
| DIGICEL LTD RegS | USG27649AG04 | Jamaica | Mar 01, 2023 | 6.75 | 7.14 |
| JBS INVESTMENTS GMBH RegS | USA29866AA70 | Brazil | Oct 28, 2020 | 7.75 | 7.14 |
| MARFRIG HOLDINGS (EUROPE) BV RegS | USN54468AF52 | Brazil | Jun 08, 2023 | 8.00 | 7.12 |
| PETRA DIAMONDS US TREASURY PLC RegS | USG7028AAB91 | South Africa | May 01, 2022 | 7.25 | 7.05 |
| BANCO MERCANTIL DEL NORTE SA NC10 RegS | USP14008AE91 | Mexico | Dec 31, 2049 | 7.63 | 6.98 |
| TURKIYE IS BANKASI AS RegS | XS1623796072 | Turkey | Jun 29, 2028 | 7.00 | 6.94 |
| NOSTRUM OIL AND GAS BV RegS | USN64884AB02 | Kazakhstan | Jul 25, 2022 | 8.00 | 6.92 |
| TURKIYE VAKIFLAR BANKASI TAO MTN RegS | XS1175854923 | Turkey | Feb 03, 2025 | 6.88 | 6.85 |
| PETROBRAS GLOBAL FINANCE BV | US71647NAK54 | Brazil | Mar 17, 2044 | 7.25 | 6.85 |
| PETROBRAS GLOBAL FINANCE BV | US71645WAQ42 | Brazil | Jan 20, 2040 | 6.88 | 6.72 |
| JBS USA LUX SA/JBS USA FINANCE INC RegS | USU0901CAC48 | Brazil | Jun 01, 2021 | 7.25 | 6.70 |
| PETROBRAS GLOBAL FINANCE BV | US71645WAS08 | Brazil | Jan 27, 2041 | 6.75 | 6.68 |
Top 30 GEM Local (reasonably rated) Currency Bonds by Yield
| Name | ISIN | country | Maturity | Coupon | YTW |
| ARGENTINA REPUBLIC OF GOVERNMENT | ARARGE3202H4 | Argentina | Oct 03, 2021 | 18.20 | 16.52 |
| ARGENTINA REPUBLIC OF GOVERNMENT | ARARGE4502J2 | Argentina | Oct 17, 2023 | 16.00 | 15.36 |
| ARGENTINA REPUBLIC OF GOVERNMENT | ARARGE4502K0 | Argentina | Oct 17, 2026 | 15.50 | 14.40 |
| TURKEY (REPUBLIC OF) | TRT100719T18 | Turkey | Jul 10, 2019 | 8.50 | 11.75 |
| TURKEY (REPUBLIC OF) | TRT150120T16 | Turkey | Jan 15, 2020 | 10.50 | 11.68 |
| TURKEY (REPUBLIC OF) | TRT170221T12 | Turkey | Feb 17, 2021 | 10.70 | 11.42 |
| TURKEY (REPUBLIC OF) | TRT120122T17 | Turkey | Jan 12, 2022 | 9.50 | 11.29 |
| TURKEY (REPUBLIC OF) | TRT140922T17 | Turkey | Sep 14, 2022 | 8.50 | 11.07 |
| TURKEY (REPUBLIC OF) | TRT270923T11 | Turkey | Sep 27, 2023 | 8.80 | 11.05 |
| TURKEY (REPUBLIC OF) | TRT110226T13 | Turkey | Feb 11, 2026 | 10.60 | 11.00 |
| TURKEY (REPUBLIC OF) | TRT120325T12 | Turkey | Mar 12, 2025 | 8.00 | 11.00 |
| TURKEY (REPUBLIC OF) | TRT240227T17 | Turkey | Feb 24, 2027 | 11.00 | 10.98 |
| TURKEY (REPUBLIC OF) | TRT240724T15 | Turkey | Jul 24, 2024 | 9.00 | 10.96 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000106972 | South Africa | Jan 31, 2044 | 8.75 | 9.82 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCNTF1P8 | Brazil | Jan 01, 2027 | 10.00 | 9.78 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000096173 | South Africa | Feb 28, 2048 | 8.75 | 9.76 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000077488 | South Africa | Feb 28, 2041 | 6.50 | 9.70 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000107012 | South Africa | Jan 31, 2037 | 8.50 | 9.69 |
| BRAZIL FEDERATIVE REPUBLIC OF | BRSTNCNTF170 | Brazil | Jan 01, 2025 | 10.00 | 9.63 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000125972 | South Africa | Feb 28, 2035 | 8.88 | 9.60 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000030404 | South Africa | Mar 31, 2036 | 6.25 | 9.55 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCNTF147 | Brazil | Jan 01, 2023 | 10.00 | 9.40 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000106998 | South Africa | Jan 31, 2030 | 8.00 | 9.19 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | US105756BN96 | Brazil | Jan 10, 2028 | 10.25 | 8.92 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCNTF0N5 | Brazil | Jan 01, 2021 | 10.00 | 8.78 |
| SOUTH AFRICA (REPUBLIC OF) | ZAG000016320 | South Africa | Dec 21, 2026 | 10.50 | 8.61 |
| BRAZIL FEDERATIVE REPUBLIC OF (GOV | BRSTNCLTN7F8 | Brazil | Jul 01, 2020 | 0.00 | 8.59 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | US105756BL31 | Brazil | Jan 05, 2022 | 12.50 | 8.55 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | BRSTNCLTN7B7 | Brazil | Jan 01, 2020 | 0.00 | 8.19 |
| BRAZIL FEDERATIVE REPUBLIC OF (GO | US105756BT66 | Brazil | Jan 05, 2024 | 8.50 | 8.13 |
Big Country Table - Stance, Ratings and Datamine
| NCountry | NaCountry | Stance | Avg Sovereign Yield | Sov. Yield Avg Wk Change btps | Avg Corporate Yield | Corp. Yield Avg Wk Change btps | GDP Growth | Total GDP $ bn | GDP per capita PPP $ | Savings to GDP | Inflation | Population | Current Account to GDP | Budget Revenue to GDP | Gov Debt to GDP | Budget Balance to GDP | SandP Rating | Moodys | Fitch | Dgong |
| Angola | Angola | Overweight | 8.45 | -17.00 | 2.698 | 86.287 | 7460.737 | 2.739 | 14.000 | 26.644 | -8.814 | 22.991 | BB- | Ba3 | BB- | BB- | ||||
| Argentina | Argentina | Overweight | 6.59 | 5.00 | 6.78 | 23.00 | 2.776 | 447.827 | 22984.620 | 16.897 | 20.000 | 44.045 | -2.235 | 35.526 | -5.330 | SD | Caa1 | RD | D | |
| Azerbaijan | Azerbaijan | Overweight | 4.93 | -37.00 | 0.988 | 36.195 | 17761.014 | 26.684 | 1.000 | 9.568 | 0.177 | 34.731 | BBB- | Baa3 | BBB- | |||||
| Brazil | Brazil | Underweight | 4.88 | -22.00 | 5.81 | -119.00 | -0.009 | 1556.435 | 15138.980 | 17.644 | 6.041 | 207.661 | -1.518 | 32.623 | 47.579 | -6.971 | BB+ | Baa3 | BBB | A- |
| Chile | Chile | Overweight | 2.77 | -12.00 | 4.11 | 0.00 | 2.100 | 243.924 | 24382.243 | 19.490 | 3.000 | 18.387 | -2.697 | 24.541 | 1.696 | -1.767 | AA- | Aa3 | A+ | AA |
| China | China | Overweight | 2.93 | -6.00 | 3.63 | -9.00 | 6.200 | 12263.429 | 16171.986 | 42.907 | 2.000 | 1388.322 | 2.060 | 28.356 | -2.593 | AA- | Aa3 | A+ | AA+ | |
| Colombia | Colombia | Overweight | 4.00 | -1.00 | 4.69 | -6.00 | 2.969 | 278.594 | 14627.237 | 18.537 | 3.325 | 49.303 | -4.323 | 25.482 | 41.241 | -1.540 | BBB | Baa2 | BBB | BBB+ |
| Costa Rica | Costa Rica | Underweight | 6.05 | -3.00 | 4.250 | 60.803 | 16784.858 | 15.030 | 3.000 | 4.964 | -4.303 | 15.521 | BB | Baa3 | BB+ | |||||
| C?te dIvoire | Cote D'Ivoire (Ivory Coast) | Overweight | 6.10 | -29.00 | ||||||||||||||||
| Croatia | Croatia (Hrvatska) | Overweight | 3.10 | -25.00 | 2.100 | 51.945 | 23171.337 | 21.368 | 1.500 | 4.187 | 2.077 | 44.447 | -2.405 | BB+ | Baa3 | BBB | BBB- | |||
| Dominican Republic | Dominican Republic | Underweight | 4.98 | -26.00 | 4.500 | 75.372 | 16535.651 | 19.649 | 4.000 | 10.208 | -2.176 | 14.458 | 35.853 | -3.021 | B+ | B1 | B | |||
| Ecuador | Ecuador | Overweight | 8.81 | -38.00 | -4.288 | 91.156 | 10227.317 | 12.306 | 0.000 | 16.777 | -0.198 | 30.877 | 3.928 | B+ | Caa1 | B | B- | |||
| Egypt | Egypt | Underweight | 5.95 | -27.00 | 4.256 | n/a | 12551.879 | 11.510 | 10.401 | 92.007 | -5.308 | 22.532 | 81.331 | -9.842 | CCC+ | Caa1 | B- | B- | ||
| El Salvador | El Salvador | Underweight | 8.56 | 23.00 | 2.600 | 28.536 | 8866.446 | 10.284 | 2.000 | 6.429 | -4.123 | 18.477 | BB- | Ba2 | BB- | |||||
| Gabon | Gabon | Overweight | 6.92 | 3.00 | 4.501 | 15.605 | 20008.436 | 29.852 | 2.500 | 1.908 | -5.823 | 20.189 | BB- | BB- | ||||||
| Ghana | Ghana | Underweight | 7.37 | -27.00 | 8.09 | -35.00 | 7.695 | 40.926 | 4674.620 | 18.921 | 7.055 | 28.278 | -5.435 | 20.266 | 70.470 | B | B+ | B | ||
| Hungary | Hungary | Overweight | 3.10 | -12.00 | 2.450 | 120.116 | 28254.757 | 28.327 | 2.600 | 9.814 | 5.169 | 44.855 | 70.852 | BB | Ba1 | BB+ | BBB- | |||
| Indonesia | Indonesia | Overweight | 3.88 | -12.00 | 5.71 | -20.00 | 5.300 | 1024.001 | 12258.793 | 32.543 | 4.400 | 262.185 | -2.846 | 14.344 | -2.782 | BB+ | Baa3 | BBB- | BBB- | |
| Iraq | Iraq | Overweight | 7.44 | -65.00 | 3.277 | 164.418 | 16661.618 | 10.786 | 2.000 | 36.996 | -10.956 | 38.743 | ||||||||
| Kazakhstan | Kazakhstan | Overweight | 4.56 | -16.00 | 5.14 | -32.00 | 1.050 | 135.133 | 24402.736 | 24.991 | 9.000 | 18.216 | -1.485 | 18.509 | -20.325 | -3.407 | BBB+ | Baa2 | BBB | BBB- |
| Kenya | Kenya | Underweight | 6.49 | 0.00 | 6.130 | 69.074 | 3493.695 | 15.245 | 5.500 | 46.756 | -6.940 | 20.753 | 52.959 | B+ | B+ | B | ||||
| Latvia | Latvia | Underweight | 3.643 | 29.860 | 27333.258 | 20.122 | 2.064 | 1.966 | -2.236 | 35.887 | 31.915 | -1.448 | A- | Baa1 | A- | BB | ||||
| Lebanon | Lebanon | Underweight | 6.50 | 7.00 | 2.000 | 54.063 | 18872.476 | -1.230 | 2.000 | 4.642 | -21.171 | 19.834 | 140.163 | -12.203 | B | B1 | B | |||
| Lithuania | Lithuania | Underweight | 2.39 | 1.00 | 3.140 | 45.397 | 31386.107 | 16.504 | 2.262 | 2.846 | -2.948 | 33.980 | 38.816 | -0.735 | A- | Baa1 | A- | BBB- | ||
| Malaysia | Malaysia | Overweight | 3.27 | -1.00 | 3.71 | -4.00 | 4.800 | 344.848 | 28497.681 | 27.529 | 2.882 | 32.059 | 1.921 | 21.203 | -2.920 | A- | A3 | A- | A+ | |
| Mexico | Mexico | Underweight | 4.28 | -18.00 | 4.06 | -9.00 | 2.573 | 1166.601 | 18392.290 | 21.150 | 3.023 | 130.223 | -2.558 | 21.979 | 48.555 | -3.589 | AAA | A3 | BBB+ | BBB |
| Mongolia | Mongolia | Overweight | 6.00 | -51.00 | 2.537 | 12.112 | 12426.635 | 18.929 | 6.508 | 3.059 | -17.691 | 25.436 | BB- | B1 | B+ | BB- | ||||
| Morocco | Morocco | Underweight | 3.01 | -30.00 | 4.86 | 0.00 | 4.122 | 114.342 | 8730.520 | 35.614 | 2.000 | 34.150 | 0.131 | 26.639 | 63.466 | -3.855 | BBB- | Ba1 | BBB- | BBB |
| Pakistan | Pakistan | Underweight | 5.16 | 30.00 | 4.700 | n/a | 5385.477 | 14.086 | 5.000 | 193.623 | -1.613 | 16.279 | 57.512 | B- | Caa1 | CCC | ||||
| Panama | Panama | Underweight | 3.34 | -16.00 | 3.98 | 8.00 | 6.400 | 60.510 | 24176.747 | 39.016 | 2.000 | 4.168 | -4.984 | 20.210 | 35.079 | 0.462 | BBB | Baa2 | BBB | A- |
| Paraguay | Paraguay | Underweight | 5.23 | -10.00 | 3.228 | 27.906 | 9181.630 | 15.289 | 4.500 | 7.221 | -1.050 | 21.961 | 24.011 | -2.502 | BB- | B1 | B+ | |||
| Peru | Peru | Overweight | 3.71 | -6.00 | 3.47 | -3.00 | 4.120 | 189.710 | 13077.160 | 20.612 | 2.495 | 32.907 | -3.258 | 20.847 | 8.539 | -1.202 | BBB+ | A3 | BBB+ | BBB+ |
| Philippines | Philippines | Overweight | 3.25 | -3.00 | 3.74 | -5.00 | 6.199 | 345.308 | 8035.337 | 25.577 | 3.200 | 106.279 | 2.445 | 19.505 | -0.718 | BBB | Baa3 | BBB- | BBB | |
| Poland | Poland | Underweight | 2.69 | 2.00 | 3.592 | 495.389 | 29065.496 | 18.693 | 1.744 | 37.996 | -2.141 | 39.631 | 27.945 | -3.292 | A- | A2 | A- | A- | ||
| Romania | Romania | Underweight | 3.40 | -10.00 | 3.602 | 194.295 | 23071.450 | 22.217 | 3.400 | 19.824 | -2.467 | 29.613 | -2.692 | BBB- | Baa3 | BBB- | BB+ | |||
| Russia | Russian Federation | Overweight | 3.97 | -7.00 | 4.35 | -2.00 | 0.812 | 1267.551 | 25740.366 | 26.151 | 5.904 | 146.300 | 5.071 | 31.175 | -3.034 | BB+ | Ba1 | BBB- | A | |
| Serbia | Serbia | Underweight | 2.99 | -28.00 | 2.250 | 38.876 | 14561.335 | 14.920 | 3.330 | 7.132 | -4.337 | 39.290 | 74.780 | -2.115 | BB- | B1 | B+ | BB- | ||
| Slovak Republic | Slovak Republic | Overweight | 2.33 | -3.00 | 3.426 | 94.489 | 32514.733 | 22.081 | 1.827 | 5.418 | -1.015 | 38.408 | -2.033 | |||||||
| South Africa | South Africa | Underweight | 4.92 | -11.00 | 4.16 | -4.00 | 1.206 | 273.726 | 13297.595 | 13.629 | 5.800 | 56.718 | -4.863 | 30.245 | 47.116 | -2.910 | BBB- | Baa1 | BBB | A |
| Sri Lanka | Sri Lanka | Underweight | 5.12 | -30.00 | 5.000 | 91.906 | 11764.555 | 29.078 | 5.000 | 21.397 | -1.445 | 13.603 | B+ | B1 | BB- | B+ | ||||
| Turkey | Turkey | Underweight | 4.82 | -13.00 | 5.08 | -21.00 | 3.432 | 791.239 | 22002.647 | 14.953 | 6.539 | 79.366 | -4.068 | 35.845 | 20.588 | -1.438 | BB+ | Baa3 | BBB- | BB- |
| Ukraine | Ukraine | Underweight | 7.26 | -37.00 | 8.98 | 105.00 | 2.540 | 93.547 | 8526.919 | 14.482 | 8.483 | 42.412 | -2.260 | 37.697 | 90.372 | -2.241 | BBB- | Caa1 | CCC | B- |
| Uruguay | Uruguay | Underweight | 3.97 | -9.00 | 2.592 | 54.941 | 22748.213 | 15.025 | 8.070 | 3.439 | -3.677 | 28.668 | 27.743 | -3.498 | BBB- | Baa2 | BBB- | BB+ | ||
| Venezuela | Venezuela | Underweight | 31.26 | 415.00 | -4.500 | 149.508 | 14539.054 | 10.962 | 2200.023 | 31.907 | -2.475 | 11.991 | B | B2 | B+ | BB+ | ||||
| Vietnam | Vietnam | Underweight | 3.98 | 2.00 | 6.200 | 217.838 | 6818.893 | 27.625 | 2.600 | 93.607 | 0.193 | 22.003 | BB- | B1 | B+ | B+ | ||||
| Zambia | Zambia | Overweight | 7.54 | -30.00 | 6.23 | -73.00 | 4.779 | 19.255 | 4035.842 | 29.881 | 8.702 | 17.238 | -1.722 | 17.228 | 56.675 | B+ | B+ | |||
| Hong Kong | Hong Kong | Underweight | 8.11 | 67.00 | AAA | Aa1 | AA+ | AAA | ||||||||||||
| India | India | Underweight | 3.63 | -1.00 | 3.70 | -12.00 | 7.494 | 2487.937 | 7098.050 | 30.756 | 5.426 | 1326.944 | -2.082 | 20.844 | -6.639 | BBB- | Baa3 | BBB- | BBB+ | |
| Israel | Israel | Underweight | 3.94 | -3.00 | 3.018 | 316.770 | 35260.750 | 23.711 | 1.207 | 8.673 | 3.526 | 37.311 | 64.418 | -3.637 | A+ | A1 | A | A- | ||
| Jamaica | Jamaica | Underweight | 5.65 | -7.00 | 8.16 | -44.00 | 2.548 | 14.556 | 9297.115 | 13.714 | 6.500 | 2.844 | -2.608 | 27.591 | CCC+ | B3 | B- | |||
| Korea | Korea (South) | Overweight | 3.07 | -6.00 | 2.868 | 1379.315 | 39156.417 | 34.709 | 2.396 | 51.042 | 7.385 | 20.611 | 35.591 | 0.793 | ||||||
| Qatar | Qatar | Overweight | 3.66 | -23.00 | 3.433 | 181.255 | 129959.025 | 53.876 | 2.694 | -4.861 | 25.437 | -107.728 | AA | Aa2 | AA- | |||||
| Singapore | Singapore | Overweight | 3.58 | -4.00 | 2.159 | 304.097 | 89276.246 | 46.711 | 1.900 | 5.626 | 20.494 | 21.910 | 2.074 | AAA | Aaa | AAA | AAA | |||
| Thailand | Thailand | Underweight | 3.39 | -4.00 | 3.223 | 428.756 | 17454.056 | 32.270 | 1.795 | 69.095 | 5.743 | 22.138 | -0.250 | BBB+ | Baa1 | BBB+ | BBB | |||
| United Arab Emirates | United Arab Emirates | Overweight | 3.72 | -6.00 | 2.623 | 357.269 | 68717.029 | 26.850 | 2.701 | 10.139 | 0.104 | 26.577 | -251.159 | Aa2 | BBB+ |
Top 20 Developed Markets Sovereign Bonds Yields Climbs Change USD Eurobonds (Losers) Weekly
| Bond | Country | Yield | Yield Change % pts |
| UK CONV GILT RegS 20 | United Kingdom | 0.57 | 0.06 |
| UK CONV GILT RegS 21 | United Kingdom | 0.62 | 0.05 |
| UK CONV GILT RegS 20 | United Kingdom | 0.55 | 0.05 |
| UK CONV GILT RegS 21 | United Kingdom | 0.65 | 0.05 |
| UK CONV GILT RegS 22 | United Kingdom | 0.80 | 0.04 |
| UK CONV GILT RegS 19 | United Kingdom | 0.44 | 0.04 |
| UK CONV GILT RegS 23 | United Kingdom | 0.92 | 0.03 |
| UK CONV GILT RegS 22 | United Kingdom | 0.68 | 0.03 |
| UK CONV GILT 23 | United Kingdom | 0.94 | 0.03 |
| UK CONV GILT RegS 24 | United Kingdom | 1.03 | 0.02 |
| ITALY (REPUBLIC OF) RegS 18 | Italy | -0.28 | 0.02 |
| JAPAN (GOVERNMENT OF) 20YR #139 32 | Japan | 0.28 | 0.01 |
| JAPAN (GOVERNMENT OF) 10YR #325 22 | Japan | -0.08 | 0.01 |
| JAPAN (GOVERNMENT OF) 10YR #328 23 | Japan | -0.07 | 0.01 |
| JAPAN (GOVERNMENT OF) 10YR #313 21 | Japan | -0.10 | 0.01 |
| JAPAN (GOVERNMENT OF) 5YR #131 22 | Japan | -0.09 | 0.01 |
| JAPAN (GOVERNMENT OF) 5YR #126 20 | Japan | -0.11 | 0.01 |
| JAPAN (GOVERNMENT OF) 10YR #332 23 | Japan | -0.05 | 0.01 |
| JAPAN (GOVERNMENT OF) 10YR #320 21 | Japan | -0.09 | 0.01 |
| JAPAN (GOVERNMENT OF) 20YR #140 32 | Japan | 0.29 | 0.01 |
Top 20 Developed Markets Sovereign Bonds Yields Drops Change USD Eurobonds (Winners) Weekly
| Bond | Country | Yield | Yield Change % pts |
| ITALY (REPUBLIC OF) 26 | Italy | 1.81 | -0.16 |
| ITALY (REPUBLIC OF) 31 | Italy | 2.40 | -0.15 |
| ITALY (REPUBLIC OF) 28 | Italy | 2.18 | -0.15 |
| ITALY (REPUBLIC OF) 26 | Italy | 1.86 | -0.15 |
| ITALY (REPUBLIC OF) 27 | Italy | 1.99 | -0.15 |
| BUONI POLIENNALI DEL TESORO 27 | Italy | 2.02 | -0.14 |
| ITALY (REPUBLIC OF) 29 | Italy | 2.28 | -0.14 |
| SPAIN (KINGDOM OF) 26 | Spain | 1.36 | -0.14 |
| ITALY (REPUBLIC OF) 33 | Italy | 2.54 | -0.14 |
| ITALY (REPUBLIC OF) RegS 25 | Italy | 1.72 | -0.14 |
| ITALY (REPUBLIC OF) RegS 26 | Italy | 1.74 | -0.14 |
| SPAIN (KINGDOM OF) 28 | Spain | 1.69 | -0.14 |
| ITALY (REPUBLIC OF) RegS 26 | Italy | 1.81 | -0.14 |
| ITALY (REPUBLIC OF) MTN 30 | Italy | 2.36 | -0.13 |
| SPAIN (KINGDOM OF) 27 | Spain | 1.48 | -0.13 |
| SPAIN (KINGDOM OF) 25 | Spain | 1.04 | -0.13 |
| SPAIN (KINGDOM OF) 29 | Spain | 1.70 | -0.13 |
| SPAIN (KINGDOM OF) 24 | Spain | 0.92 | -0.13 |
| ITALY (REPUBLIC OF) RegS 24 | Italy | 1.27 | -0.13 |
| SPAIN (KINGDOM OF) 25 | Spain | 1.18 | -0.13 |
Top 10 Developed Markets Corporate Bonds Yields Climbs Week Change USD Eurobonds (Losers)
| Bond | Country | Yield | Yield Change %pts |
| CONCORDIA INTERNATIONAL CORP 144A 22 | Canada | 80.95 | 7.73 |
| CONCORDIA HEALTHCARE CORP 144A 23 | Canada | 68.76 | 3.05 |
| CHS/COMMUNITY HEALTH SYSTEMS INC 20 | United States | 13.95 | 1.42 |
| NEW LOOK SECURED ISSUER PLC RegS 22 | United Kingdom | 18.15 | 1.42 |
| MURRAY ENERGY CORP 144A 21 | United States | 31.16 | 1.41 |
| NOBLE GROUP LTD 144A 20 | Hong Kong | 57.21 | 1.34 |
| CHS/COMMUNITY HEALTH SYSTEMS INC 22 | United States | 15.69 | 1.29 |
| AVON PRODUCTS INC 23 | United States | 12.77 | 0.96 |
| COMMUNITY HEALTH SYSTEMS INC 19 | United States | 10.66 | 0.79 |
| DISH DBS CORP 21 | United States | 4.56 | 0.70 |
| DISH DBS CORP 20 | United States | 3.78 | 0.65 |
| DISH DBS CORP 22 | United States | 4.87 | 0.63 |
| NAVIOS MARITIME HOLDINGS INC 144A 22 | United States | 13.73 | 0.63 |
| CLAIRES STORES INC 144A 19 | United States | 52.21 | 0.63 |
| PETSMART INC 144A 23 | United States | 13.11 | 0.54 |
| DISH DBS CORP 26 | United States | 6.09 | 0.52 |
| DISH DBS CORP 24 | United States | 5.55 | 0.52 |
| RITE AID CORP 21 | United States | 6.35 | 0.51 |
| RITE AID CORPORATION 144A 23 | United States | 7.31 | 0.49 |
| HEXION US FINANCE CORP/HEXION NOVA 20 | United States | 25.63 | 0.49 |
Top 10 Developed Markets Corporate Bonds Yields Drops Week Change USD Eurobonds (Winners)
| Bond | Country | Yield | Yield Change %pts |
| NEIMAN MARCUS GROUP LTD LLC 144A 21 | United States | 26.32 | -2.46 |
| DENBURY RESOURCES INC 23 | United States | 17.11 | -1.15 |
| CMF SPA RegS 22 | Italy | 8.89 | -1.09 |
| ALGECO SCOTSMAN GLOBAL FINANCE PLC 144A 18 | United Kingdom | 12.51 | -0.73 |
| K HOVNANIAN ENTERPRISES INC 144A 22 | United States | 8.13 | -0.70 |
| INTELSAT LUXEMBOURG SA 23 | Luxembourg | 16.33 | -0.69 |
| INTELSAT LUXEMBOURG SA 21 | Luxembourg | 18.10 | -0.65 |
| PACIFIC DRILLING SA 144A 20 | United States | 57.53 | -0.65 |
| K HOVNANIAN ENTERPRISES INC 144A 24 | United States | 8.74 | -0.63 |
| YELLOW PAGES DIGITAL & MEDIA SOLUT 18 | Canada | 9.10 | -0.60 |
| FRONTIER COMMUNICATIONS CORP 18 | United States | 6.23 | -0.58 |
| MEG ENERGY CORP 144A 24 | Canada | 9.72 | -0.50 |
| GENWORTH FINANCIAL INC. 21 | United States | 9.01 | -0.49 |
| MEG ENERGY CORP 144A 23 | Canada | 9.26 | -0.46 |
| INTERNATIONAL PERSONAL FINANCE PLC MTN RegS 21 | United Kingdom | 8.72 | -0.46 |
| SOUTHWESTERN ENERGY COMPANY 22 | United States | 4.61 | -0.42 |
| LENNAR CORP 19 | United States | 2.64 | -0.42 |
| DENBURY RESOURCES INC 22 | United States | 19.26 | -0.42 |
| GENWORTH HOLDINGS INC 23 | United States | 8.19 | -0.42 |
| TWINKLE PIZZA PLC RegS 21 | United Kingdom | 7.53 | -0.38 |
Top 30 DM Souvereign Eurobonds by Yield
| Name | ISIN | country | Maturity | Coupon | YTW |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU000XCLWAS7 | Australia | Mar 21, 2047 | 3.00 | 3.59 |
| PORTUGAL (REPUBLIC OF) | PTOTEBOE0020 | Portugal | Feb 15, 2045 | 4.10 | 3.58 |
| BUONI POLIENNALI DEL TESORO | IT0005217390 | Italy | Mar 01, 2067 | 2.80 | 3.41 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU000XCLWAP3 | Australia | Jun 21, 2039 | 3.25 | 3.40 |
| PORTUGAL (REPUBLIC OF) | PTOTE5OE0007 | Portugal | Apr 15, 2037 | 4.10 | 3.35 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU3TB0000192 | Australia | Apr 21, 2037 | 3.75 | 3.29 |
| ITALY (REPUBLIC OF) | IT0005273013 | Italy | Mar 01, 2048 | 3.45 | 3.28 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU000XCLWAM0 | Australia | Jun 21, 2035 | 2.75 | 3.23 |
| ITALY (REPUBLIC OF) | IT0005162828 | Italy | Mar 01, 2047 | 2.70 | 3.19 |
| ITALY (REPUBLIC OF) | IT0004923998 | Italy | Sep 01, 2044 | 4.75 | 3.16 |
| ITALY (REPUBLIC OF) | IT0005083057 | Italy | Sep 01, 2046 | 3.25 | 3.16 |
| SPAIN (KINGDOM OF) | ES00000128E2 | Spain | Jul 30, 2066 | 3.45 | 3.16 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU000XCLWAG2 | Australia | Apr 21, 2033 | 4.50 | 3.09 |
| ITALY (REPUBLIC OF) RegS | IT0004532559 | Italy | Sep 01, 2040 | 5.00 | 3.08 |
| ITALY (REPUBLIC OF) RegS | IT0004286966 | Italy | Aug 01, 2039 | 5.00 | 2.97 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU3TB0000150 | Australia | Apr 21, 2029 | 3.25 | 2.89 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU000XCLWAU3 | Australia | Nov 21, 2028 | 2.75 | 2.86 |
| PORTUGAL (REPUBLIC OF) | PTOTEROE0014 | Portugal | Feb 15, 2030 | 3.88 | 2.84 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU000XCLWAR9 | Australia | May 21, 2028 | 2.25 | 2.84 |
| SPAIN (KINGDOM OF) | ES00000128C6 | Spain | Oct 31, 2046 | 2.90 | 2.83 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU000XCLWAQ1 | Australia | Nov 21, 2027 | 2.75 | 2.80 |
| ITALY (REPUBLIC OF) RegS | IT0003934657 | Italy | Feb 01, 2037 | 4.00 | 2.80 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU3TB0000135 | Australia | Apr 21, 2027 | 4.75 | 2.75 |
| SPAIN (KINGDOM OF) | ES00000124H4 | Spain | Oct 31, 2044 | 5.15 | 2.75 |
| ITALY (REPUBLIC OF) | IT0005177909 | Italy | Sep 01, 2036 | 2.25 | 2.75 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU000XCLWAI8 | Australia | Apr 21, 2026 | 4.25 | 2.71 |
| ITALY (REPUBLIC OF) RegS | IT0003535157 | Italy | Aug 01, 2034 | 5.00 | 2.67 |
| AUSTRALIA (COMMONWEALTH OF) RegS | AU3TB0000168 | Australia | Apr 21, 2025 | 3.25 | 2.64 |
| ITALY (REPUBLIC OF) | IT0005240350 | Italy | Sep 01, 2033 | 2.45 | 2.60 |
| SPAIN (KINGDOM OF) | ES00000121S7 | Spain | Jul 30, 2041 | 4.70 | 2.59 |
Top 30 DM Corporate Eurobonds by Yield
| Name | ISIN | country | Maturity | Coupon | YTW |
| CONCORDIA INTERNATIONAL CORP 144A | US206519AB61 | Canada | Oct 21, 2022 | 9.50 | 80.95 |
| CONCORDIA HEALTHCARE CORP 144A | US206519AA88 | Canada | Apr 15, 2023 | 7.00 | 68.76 |
| PACIFIC DRILLING SA 144A | US69419BAA35 | United States | Jun 01, 2020 | 5.38 | 57.53 |
| NOBLE GROUP LTD 144A | US65504RAD61 | Hong Kong | Jan 29, 2020 | 6.75 | 57.21 |
| CLAIRES STORES INC 144A | US179584AM91 | United States | Mar 15, 2019 | 9.00 | 52.21 |
| MURRAY ENERGY CORP 144A | US62704PAF09 | United States | Apr 15, 2021 | 11.25 | 31.16 |
| NEIMAN MARCUS GROUP LTD LLC 144A | US570254AA03 | United States | Oct 15, 2021 | 8.00 | 26.32 |
| HEXION US FINANCE CORP/HEXION NOVA | US428303AM35 | United States | Nov 15, 2020 | 9.00 | 25.63 |
| IHEARTCOMMUNICATIONS INC 144A | US45174HAF47 | United States | Mar 01, 2021 | 11.25 | 23.72 |
| IHEARTCOMMUNICATIONS INC | US184502BL58 | United States | Dec 15, 2019 | 9.00 | 23.27 |
| IHEARTCOMMUNICATIONS INC | US184502BN15 | United States | Mar 01, 2021 | 11.25 | 22.63 |
| IHEARTCOMMUNICATIONS INC | US184502BG63 | United States | Mar 01, 2021 | 9.00 | 20.25 |
| CALIFORNIA RESOURCES CORP 144A | US13057QAG29 | United States | Dec 15, 2022 | 8.00 | 19.50 |
| DENBURY RESOURCES INC | US247916AD13 | United States | May 01, 2022 | 5.50 | 19.26 |
| EP ENERGY LLC/EVEREST ACQUISITION | US29977HAB69 | United States | May 01, 2020 | 9.38 | 18.90 |
| IHEARTCOMMUNICATIONS INC | US45174HAC16 | United States | Mar 15, 2023 | 10.63 | 18.66 |
| NEW LOOK SECURED ISSUER PLC RegS | XS1248516616 | United Kingdom | Jul 01, 2022 | 6.50 | 18.15 |
| INTELSAT LUXEMBOURG SA | US458204AP96 | Luxembourg | Jun 01, 2021 | 7.75 | 18.10 |
| EP ENER/EVEREST | US268787AD07 | United States | Jun 15, 2023 | 6.38 | 17.73 |
| JUPITER RESOURCES INC 144A | US48207LAA17 | Canada | Oct 01, 2022 | 8.50 | 17.53 |
| IHEARTCOMMUNICATIONS INC | US45174HAA59 | United States | Sep 15, 2022 | 9.00 | 17.32 |
| DENBURY RESOURCES INC | US24823UAH14 | United States | Jul 15, 2023 | 4.63 | 17.11 |
| INTELSAT LUXEMBOURG SA | US458204AQ79 | Luxembourg | Jun 01, 2023 | 8.13 | 16.33 |
| WINDSTREAM CORP | US97381WAT18 | United States | Oct 01, 2021 | 7.75 | 16.18 |
| CHS/COMMUNITY HEALTH SYSTEMS INC | US12543DAV29 | United States | Feb 01, 2022 | 6.88 | 15.69 |
| WINDSTREAM CORP | US97381WAX20 | United States | Jun 01, 2022 | 7.50 | 15.56 |
| FRONTIER COMMUNICATIONS CORP | US35906AAZ12 | United States | Sep 15, 2025 | 11.00 | 14.29 |
| FRONTIER COMMUNICATIONS CORP | US35906AAW80 | United States | Sep 15, 2022 | 10.50 | 14.18 |
| FRONTIER COMMUNICATIONS CORP | US35906AAK43 | United States | Apr 15, 2022 | 8.75 | 14.17 |
| CHS/COMMUNITY HEALTH SYSTEMS INC | US12543DAQ34 | United States | Jul 15, 2020 | 7.13 | 13.95 |
ML Comics: Markets have been rising on fears of attack on North Korea, then they were rising as the threat of North Korea risk off was less. After some huff and puff - Rob decided to try and raise some money for his future automotive engineering business.
He put together a presentation
Source: ML Comics
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