Top Performers YTD
The top decile of bonds by year-to-date total return.
The yeartodate top decile total return screen is dominated by distressed emergingmarket credits and highbeta instruments staging aggressive price recoveries, offering extreme yields that compensate for outsized fundamental risks. Distressed energy and financial names feature prominently at the top of the performance table, led by Venezuelan state energy debt trading at a 138.27% yieldtoworst alongside deeply discounted Chinese financial and energy issues like MIE Holdings showing yieldstoworst surging past 158%. Conversely, highgrade institutional paper provides crucial balance to the cohort, anchored by solid investmentgrade corporate and financial issuers such as Zurich Insurance with a 3.6% yieldtoworst and Merck offering a stable 4.25% yieldtoworst.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MIE Holdings Corporation | …3636 | 0 | 158.464 | 34.69 | 2028-02-29 | No Rating | USD | 272MM | |
| 2 | Petroleos de Venezuela SA | …4954 | 5.375 | 138.276 | 69.65 | 2027-04-12 | NR | USD | 3BN | |
| 3 | Greenland Global Investment Ltd. | …5233 | 5.6 | 132.347 | 16.25 | 2028-11-13 | Default | USD | 360MM | |
| 4 | Sovcom Capital Designated Activity Company | …8598 | 7.6 | 80.655 | 78.92 | 2171-11-17 | 2027-02-17 | No Rating | USD | 300MM |
| 5 | Greenland Global Investment Ltd. | …1595 | 5.875 | 76.792 | 16 | 2030-07-03 | 2026-11-02 | NR | USD | 668MM |
| 6 | Country Garden Holdings Co Ltd. | …2080 | 2.25 | 48.436 | 7.375 | 2034-12-31 | 2026-11-08 | No Rating | USD | 905MM |
| 7 | Goldman Sachs Group, Inc. | …C696 | 5.03 | 4.656 | 7.53 | 2031-01-28 | 2030-01-28 | BBB+ | USD | 400MM |
| 8 | Royal Bank of Canada | …AD03 | 4.9801 | 4.648 | 6.87 | 2031-02-04 | 2030-02-04 | A | USD | 300MM |
| 9 | Merck & Co., Inc | …BU82 | 4.4101 | 4.245 | 100.1158544 | 2027-09-15 | A+ | USD | 500MM | |
| 10 | Zurich Finance (Ireland) DAC | …7561 | 3 | 3.6 | 119.89 | 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.