Top Performers YTD
The top decile of bonds by year-to-date total return.
The yeartodate top decile presents a distinct bifurcation between distressed debt rallies and highgrade stability, led by names like Bank of America’s 2029 maturity offering a solid 4.416% yield and Saudi National Bank’s 2029 notes yielding 4.906% with robust Aratings. Distressed and defaulted sovereign and corporate credits dominate the upper ranks through aggressive price recoveries, featuring extreme yields such as Lebanon's 2027 paper at 203.3% and Venezuela's PDVSA 2027s at 138.276% amid shifting geopolitical and restructuring expectations. Financial sector issuance heavily populates the screen across developed and emerging markets, balancing investmentgrade tiertwo dynamics like Bank of Nova Scotia’s 2081 issue yielding 6.756% against highbeta Russian banking debt like AlfaBank’s 2031 notes trading at a 77.013% yield.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Yuzhou Group Holdings Co Ltd. | …2992 | 6 | 376.042 | 55.75 | 2027-06-30 | 2026-11-19 | No Rating | USD | 422MM |
| 2 | Lebanese Republic | …0051 | 6.85 | 203.3 | 70.3 | 2027-03-23 | D | USD | 1.25BN | |
| 3 | Petroleos de Venezuela SA | …4954 | 5.375 | 138.276 | 68.69 | 2027-04-12 | NR | USD | 3BN | |
| 4 | Greenland Global Investment Ltd. | …5784 | 6.75 | 86.088 | 16 | 2030-03-03 | Default | USD | 349MM | |
| 5 | Sovcom Capital Designated Activity Company | …8598 | 7.6 | 80.655 | 77.56 | 2171-11-17 | 2027-02-17 | No Rating | USD | 300MM |
| 6 | Alfa Bond Issuance Plc | …0571 | 5.5 | 77.013 | 22.96 | 2031-10-26 | No Rating | USD | 350MM | |
| 7 | Bank of Nova Scotia | …8N91 | 3.625 | 6.756 | 99.1875 | 2081-10-27 | 2027-01-27 | BBB- | USD | 600MM |
| 8 | SNB Funding Ltd. | …9416 | 5.09 | 4.937 | 8.68 | 2030-03-17 | A | USD | 750MM | |
| 9 | SNB Funding Ltd. | …9271 | 5.09 | 4.906 | 11.71 | 2029-07-11 | A | USD | 500MM | |
| 10 | Bank of America Corp. | …MU03 | 4.99 | 4.416 | 13.49 | 2029-05-09 | 2028-05-09 | A- | USD | 750MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.