Park Your Cash — Short-Dated
Senior, A-/A3 or better bonds maturing within 24 months yielding ≥ 4.5%.
Amid ongoing macroeconomic uncertainty, professional fixedincome allocators are increasingly turning to shortdated, highquality senior paper to park cash, targeting yields well above 4.5% without taking on excessive duration risk. The current screen highlights compelling opportunities across robust investmentgrade issuers, led by standout yields in sovereign and statebacked credits such as the China 1.25% maturing October 2026 at a 10.395% YTW, alongside select multinational industrials and financials. Highgrade corporate names also present attractive relative value within a tight maturity window, exemplified by the Toyota 2.05% due October 2026 offering an 8.267% YTW and the ICE 3.75% offering a 7.571% YTW, effectively optimizing carry while preserving capital discipline.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Korea Expressway Corp | …9101 | 2.7 | 39.259 | 99.2846905 | 2026-10-26 | Inv Grade 2 | USD | 200MM | |
| 2 | Industrial and Commercial Bank of China Limited, Hong Kong Branch | …3350 | 1.625 | 12.123 | 99.6484286 | 2026-10-28 | Inv Grade 3 | USD | 1BN | |
| 3 | China (People's Republic Of) | …AE27 | 1.25 | 10.395 | 99.745 | 2026-10-26 | A+ | USD | 1.5BN | |
| 4 | Pacific Life Global Funding II | …3M78 | 4.6298 | 9.763 | 93.59 | 2028-07-10 | AA- | USD | 450MM | |
| 5 | Rongshi International Finance Ltd. | …2628 | 1.875 | 9.627 | 99.225 | 2026-11-22 | 2026-11-15 | Inv Grade 3 | USD | 300MM |
| 6 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 9.016 | 99.425 | 2026-11-17 | A- | USD | 800MM | |
| 7 | ICBCIL Finance Co Ltd. | …8488 | 2.25 | 8.515 | 99.71875 | 2026-11-02 | Inv Grade 3 | USD | 750MM | |
| 8 | Toyota Motor Credit Corp. | …8013 | 2.05 | 8.267 | 99.9475524 | 2026-10-22 | A+ | USD | 247MM | |
| 9 | Intercontinental Exchange Inc | …AJ30 | 3.75 | 7.571 | 93.2505 | 2028-09-21 | 2028-06-21 | A- | USD | 600MM |
| 10 | Amipeace Ltd. | …5006 | 1.75 | 7.12 | 99.655 | 2026-11-09 | Inv Grade 3 | USD | 600MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.