Top Performers YTD
The top decile of bonds by year-to-date total return.
This theme isolates the top decile of bonds by yeartodate total return. The common thread is sharp price recovery in credits previously priced for distress, so the screen is a read on relative value and credit repair rather than income. Leading the list, TPHL 0% 2027 and SINOCE 0% 2027 show YTW figures above 3,000,000%. These nearmaturity zerocoupon bonds trade well below par, so the readings flag dislocation and mispricing rather than usable carry. China property names dominate the middle of the ranking, with LOGPH 4.85% 2026 at roughly 9,819% and CIFIHG 4.375% 2027 at about 2,227%. YUZHOU 6% 2027 (c.1,330%) shows the same sectorwide repricing. Beyond China, PDVSA 6% 2026 (c.20,146%) and CBSR 6.5% 2027 (c.4,018%) show how sovereign and US communications credits can rally from deep discounts. The FRCB 2046 and 2047 notes (c.1,125% and c.1,248%) show that even established US financial paper can rerate sharply when prices reset.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Times China Holdings Limited | …8028 | 0 | 11956535.077 | 1.06 | 2027-03-30 | 2026-12-10 | No Rating | USD | 791MM |
| 2 | Sino-Ocean Group Holdings Ltd | …4057 | 0 | 3421188.35 | 0.75 | 2027-03-27 | 2026-11-26 | No Rating | USD | 1.15BN |
| 3 | Petroleos de Venezuela SA | …AR68 | 6 | 20145.644 | 35.5 | 2026-11-15 | NR | USD | 4.5BN | |
| 4 | Logan Group Company Ltd | …4458 | 4.85 | 9819.249 | 8.825 | 2026-12-14 | 2026-12-11 | NR | USD | 300MM |
| 5 | Audacy Capital LLC | …AA00 | 6.5 | 4017.744 | 5 | 2027-05-01 | 2026-12-11 | NR | USD | 460MM |
| 6 | CIFI Holdings Group Co Ltd | …1763 | 4.375 | 2226.92 | 9.625 | 2027-04-12 | 2026-12-11 | NR | USD | 419MM |
| 7 | OEC Finance Limited | …AG23 | 7.5 | 2119.766 | 73.93 | 2171-01-20 | 2026-12-11 | No Rating | USD | 565MM |
| 8 | Yuzhou Group Holdings Co Ltd. | …3883 | 6 | 1330.375 | 7.1865 | 2027-06-30 | 2026-12-10 | No Rating | USD | 422MM |
| 9 | First Republic Bank San Francisco | …AC47 | 4.625 | 1248.002 | 5.85 | 2047-02-13 | 2046-08-13 | NR | USD | 400MM |
| 10 | First Republic Bank San Francisco | …AB63 | 4.375 | 1125.447 | 5.71 | 2046-08-01 | 2046-02-01 | NR | USD | 400MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.