Top Performers YTD
The top decile of bonds by year-to-date total return.
This theme groups the ten screened bonds with the strongest yeartodate total returns, a topdecile cohort driven mainly by price recovery rather than income. Leaders include Logan Group's LOGPH 4.85% 2026 (YTW 7,995%, price 8.94) and CIFIHG 4.375% 2027 (YTW 2,180%), alongside Venezuela's PDVSA 6% 2026 at 54.84 (YTW 3,142%). Together they span Chinese property, energy and sovereignlinked credit. Yields this extreme signal deeply distressed pricing, not carry. KAISAG 0% 2028 at 0.205 and CBSR 6.5% 2027 at 5 reflect recoveryvalue bets, and none of the group carries a published rating in our data. Relative value here turns on recovery assumptions, liquidity and restructuring timelines rather than headline yield. Issuerlevel diligence and position sizing will matter more than the ranking itself.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Logan Group Company Ltd | …4458 | 4.85 | 7995.419 | 8.9375 | 2026-12-14 | 2026-12-06 | NR | USD | 300MM |
| 2 | Audacy Capital LLC | …AA00 | 6.5 | 3966.946 | 5 | 2027-05-01 | 2026-12-06 | NR | USD | 460MM |
| 3 | Petroleos de Venezuela SA | …AR68 | 6 | 3141.625 | 54.84 | 2026-11-15 | NR | USD | 4.5BN | |
| 4 | CIFI Holdings Group Co Ltd | …1763 | 4.375 | 2180.441 | 9.625 | 2027-04-12 | 2026-12-06 | NR | USD | 419MM |
| 5 | OEC Finance Limited | …AG23 | 7.5 | 2119.766 | 73.93 | 2171-01-20 | 2026-12-06 | No Rating | USD | 565MM |
| 6 | First Republic Bank San Francisco | …AC47 | 4.625 | 1248.002 | 5.85 | 2047-02-13 | 2046-08-13 | NR | USD | 400MM |
| 7 | First Republic Bank San Francisco | …AB63 | 4.375 | 1125.447 | 5.71 | 2046-08-01 | 2046-02-01 | NR | USD | 400MM |
| 8 | ARD Finance S.A. | …AH37 | 6.5 | 1001.442 | 69.57 | 2027-06-30 | 2026-11-16 | NR | USD | 996MM |
| 9 | Kaisa Group Holdings Ltd. | …1758 | 0 | 784.716 | 0.205 | 2028-12-31 | 2026-12-06 | No Rating | USD | 800MM |
| 10 | Agile Group Holdings Ltd. | …2731 | 13.476 | 722.315 | 84.89 | 2168-03-07 | 2026-12-06 | Default | USD | 500MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.