Top Performers YTD
The top decile of bonds by year-to-date total return.
This yeartodate topdecile screen highlights a highbeta dispersion play dominated by distressed Chinese property developers and select emergingmarket credits experiencing aggressive price recoveries from deeply discounted levels, led by names like Greenland Global and Yuzhou Group showing YTW figures exceeding 86% and 376% respectively. Interspersed within the top performers are highgrade, investmentgrade senior issues such as Bank of America’s 5% 2029 notes at a 4.416% YTW and Saudi National Bank’s 5.07% 2029 paper yielding 4.906%, offering institutional investors robust carry and pristine credit stability in the financial sector. The cohort also captures opportunistic crossborder value in longduration instruments, including Swiss Re’s A+rated 2051 issue at a 3.6% YTW and Bank of Nova Scotia’s 2081 paper yielding 7.681%, balancing speculative distressed recovery plays with resilient, highquality global income generation.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Yuzhou Group Holdings Co Ltd. | …2992 | 6 | 376.042 | 55.11 | 2027-06-30 | 2026-11-15 | No Rating | USD | 422MM |
| 2 | Lebanese Republic | …0051 | 6.85 | 203.3 | 69.67 | 2027-03-23 | D | USD | 1.25BN | |
| 3 | Greenland Global Investment Ltd. | …8439 | 6.75 | 166.697 | 16.1428572 | 2028-06-25 | Default | USD | 466MM | |
| 4 | Greenland Global Investment Ltd. | …5784 | 6.75 | 86.081 | 15.9285715 | 2030-03-03 | Default | USD | 349MM | |
| 5 | Sovcom Capital Designated Activity Company | …8598 | 7.6 | 80.655 | 76.72 | 2171-11-17 | 2027-02-17 | No Rating | USD | 300MM |
| 6 | Bank of Nova Scotia | …8N91 | 3.625 | 7.681 | 99.2615385 | 2081-10-27 | 2026-10-27 | BBB- | USD | 600MM |
| 7 | SNB Funding Ltd. | …9416 | 5.08 | 4.937 | 8.63 | 2030-03-17 | A | USD | 750MM | |
| 8 | SNB Funding Ltd. | …9271 | 5.07 | 4.906 | 11.63 | 2029-07-11 | A | USD | 500MM | |
| 9 | Bank of America Corp. | …MU03 | 5 | 4.416 | 13.36 | 2029-05-09 | 2028-05-09 | A- | USD | 750MM |
| 10 | Zurich Finance (Ireland) DAC | …7561 | 3 | 3.6 | 118.05 | 2051-04-19 | 2031-01-19 | A+ | USD | 1.75BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.