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The Latest from
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June 28, 2023
Featured Top Idea
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MUR – Murphy Oil Corporation
Action: Buy 2027 5.875% Bonds CUSIP: 626717AM4 (6.474% YTW, 5.553% iYTW)
Buy 2028 6.375% Bonds CUSIP: 626717AN2 (6.542% YTW, 5.605% iYTW)
Buy 2029 7.050% Bonds CUSIP: 626717AA0 (6.891% YTW, 5.561% iYTW)... -
June 27, 2023
FLR – Traded CDS 135bps, Base Case iCDS 156bps
Negative Case iCDS 215bps, 2028 4.250% Bond YTW of 6.106%, iYTW of 5.514%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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June 26, 2023
MUR – Base Case CDS 223bps, Base Case iCDS 160bps
Negative Case iCDS 265bps, 2028 6.375% Bond YTW of 6.542%, iYTW of 5.605%
Ba2 Rating from S&P, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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June 22, 2023
SYNA – Base Case iCDS 180bps,
Negative Case iCDS 286bps, 2029 4.000% Bond YTW of 7.577%, iYTW of 5.697%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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June 21, 2023
Featured Top Idea
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ROST – Ross Stores, Inc.
Action: Buy 2027 4.700% Bonds, CUSIP: 778296AC7 (5.238% YTW, 4.548% iYTW)... -
June 20, 2023
ROST – Base Case iCDS 69bps,
Negative Case 70bps, 2027 4.700% Bond YTW of 5.238%, iYTW of 4.548%,
A2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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