Park Your Cash — Short-Dated
Senior, A-/A3 or better bonds maturing within 24 months yielding ≥ 4.5%.
This week's screen highlights highquality, shortdated opportunities designed to park cash effectively while securing yields well above the broader monetary policy baseline, focusing strictly on senior issues rated A/A3 or better maturing within 24 months. The selection offers compelling relative value across resilient sectors—including sovereignguaranteed agencies, major global financial institutions, and toptier industrials—providing institutional portfolios a strategic buffer against cash drag without extending duration risk. Notable yields span an attractive spectrum, led by standout shortend pricing in highgrade Chinese financial paper such as ICBCAS yielding 31.01% and ICBCIL at 11.59%, alongside solid developedmarket alternatives like CADES yielding 10.05% and MTRC at 9.65%.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Industrial and Commercial Bank of China Limited, Hong Kong Branch | …3350 | 1.625 | 31.007 | 99.8356667 | 2026-10-28 | Inv Grade 3 | USD | 1BN | |
| 2 | ICBCIL Finance Co Ltd. | …8488 | 2.25 | 11.588 | 99.8425714 | 2026-11-02 | Inv Grade 3 | USD | 750MM | |
| 3 | Pacific Life Global Funding II | …3M78 | 4.63 | 10.41 | 90.95 | 2028-07-10 | AA- | USD | 450MM | |
| 4 | Caisse d Amortissement De La Dette Sociale | …4277 | 1.25 | 10.045 | 99.95 | 2026-10-28 | A+ | USD | 3BN | |
| 5 | MTR Corporation (C.I.) Limited | …4775 | 2.5 | 9.648 | 99.879125 | 2026-11-02 | AA+ | USD | 600MM | |
| 6 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 8.578 | 99.63475 | 2026-11-17 | A- | USD | 800MM | |
| 7 | Intercontinental Exchange Inc | …AJ30 | 3.75 | 7.608 | 93.28 | 2028-09-21 | 2028-06-21 | A- | USD | 600MM |
| 8 | Barclays Bank plc | …5474 | 4.39 | 7.196 | 95.37 | 2028-08-04 | AA- | USD | 2BN | |
| 9 | Intercontinental Exchange Inc | …AU84 | 4 | 6.986 | 97.4785 | 2027-09-15 | 2027-08-15 | A- | USD | 1.5BN |
| 10 | GACI First Investment Co. | …2321 | 5 | 6.386 | 98.725 | 2027-10-13 | 2027-09-13 | Inv Grade 2 | USD | 1.25BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.