July 18, 2023, Tuesday
6:00 PM – 7:00 PM EDT...
Read MoreFeatured Top Idea
DVN – Devon Energy Corporation
Action: Buy 2027 5.250% Bonds CUSIP: 25179MBD4 (5.832% YTW, 4.612% iYTW)
Buy 2028 5.875% Bonds CUSIP: 25179MBE2 (5.938% YTW, 4.168% iYTW)
Buy 2030 4.500% Bonds CUSIP: 25179MBF9 (5.687% YTW, 3.887% iYTW)...
Featured Top Idea
TEX – Terex Corporation
Action: Buy 2029 5.000% Bonds CUSIP: 880779BA0 (6.679% YTW, 5.799% iYTW)...
DVN – Base Case CDS 130bps, Base Case iCDS 48bps,
Negative Case iCDS 62bps, 2027 5.250% Bond YTW of 5.832%, iYTW of 4.612%,
Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreTEX – CDS 233bps, Base Case iCDS 188bps,
Negative Case 404bps, 2029 5.000% Bond YTW of 6.679%, iYTW of 5.799%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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