TEX – Traded CDS 172bps, Base Case iCDS 209bps,
Negative Case 380bps, 2029 5.000% Bond YTW of 5.703%, iYTW of 5.759%,
Ba2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
Read MoreThe Latest from Credit News
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September 4, 2024
OII – Base Case iCDS 146bps,
Negative Case iCDS 215bps, 2028 6.000% Bond YTW of 5.742%, iYTW of 5.133%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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September 4, 2024
Featured Top Idea
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AR – Antero Resources Corporation
Action: Buy 2029 7.625% Bonds CUSIP: 03674XAQ9 (5.911% YTW, 4.830% iYTW))
Buy 2030 5.375% Bonds CUSIP: 03674XAS5 (5.750% YTW, 4.840% iYTW)... -
September 2, 2024
MOH – Base Case CDS 118bps, Base Case iCDS 84bps,
Negative Case iCDS 155bps, 2028 4.375% Bond YTW of 5.513%, iYTW of 4.781%,
Ba2 Rating from Moody’s, IG3 (equivalent to A2) Rating from Valens,
Low Refinancing Need...
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August 28, 2024
Featured Top Idea
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BA – The Boeing Company
Action: Buy 2028 3.250% Bonds, CUSIP: 097023DB8 (5.216% YTW, 4.386% iYTW)
Buy 2028 3.250% Bonds, CUSIP: 097023BX2 (5.183% YTW, 4.386% iYTW)
Buy 2028 3.450% Bonds, CUSIP: 097023CA1 (5.260% YTW, 4.386% iYTW)
Buy 2029 3.200% Bonds, CUSIP: 097023CD5 (5.239% YTW, 4.346% iYTW)
Buy 2029 6.298% Bonds, CUSIP: 097023DQ5 (5.299% YTW, 4.386% iYTW)
Buy 2030 2.950% Bonds, CUSIP: 097023CN3 (5.399% YTW, 4.386% iYTW)
Buy 2030 5.150% Bonds, CUSIP: 097023CY9 (5.289% YTW, 4.386% iYTW)
Buy 2031 3.625% Bonds, CUSIP: 097023DC6 (5.401% YTW, 4.551% iYTW)
Buy 2031 6.388% Bonds, CUSIP: 097023DK8 (5.425% YTW, 4.386% iYTW)... -
August 28, 2024
KSS – Base Case CDS 487bps, Base Case iCDS 275bps,
Negative Case iCDS 326bps, 2029 7.250% Bond YTW of 8.495%, iYTW of 6.404%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
...
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August 22, 2024
AR – Base Case CDS 112bps, Base Case iCDS 108bps,
Negative Case iCDS 122bps, 2029 7.625% Bond YTW of 5.911%, iYTW of 4.830%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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August 22, 2024
MU – Base Case CDS 70bps, Base Case iCDS 28bps,
Negative Case iCDS 44bps, 2028 5.375% Bond YTW of 4.693%, iYTW of 4.040%,
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
...
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August 21, 2024
Featured Top Idea
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CIEN – Ciena Corporation
Action: Buy 2030 4.000% Bonds, CUSIP: 171779AL5 (5.742% YTW, 5.080% iYTW)... -
August 14, 2024
Featured Top Idea
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HOLX – Hologic, Inc.
Action: Buy 2028 4.625% Bonds, CUSIP: 436440AM3 (5.743% YTW, 5.029% iYTW)
Buy 2029 3.250% Bonds, CUSIP: 436440AP6 (5.494% YTW, 5.075% iYTW)... -
August 7, 2024
Featured Top Idea
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BRBR – BellRing Brands, Inc.
Action: Buy 2030 7.000% Bonds, CUSIP: 07831CAA1 (6.210% YTW, 5.384% iYTW)... -
August 7, 2024
CIEN – Base Case iCDS 115bps,
Negative Case iCDS 154bps, 2030 4.000% Bond YTW of 5.742%, iYTW of 5.080%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read More -
August 6, 2024
HOLX – Base Case iCDS 76bps,
Negative Case iCDS 106bps, 2028 4.625% Bond YTW of 5.743%, iYTW of 5.029%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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August 5, 2024
BRBR – Base Case iCDS 129bps,
Negative Case iCDS 207bps, 2030 7.000% Bond YTW of 6.210%, iYTW of 5.384%,
B1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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July 31, 2024
Featured Top Idea
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TDG – TransDigm Group Incorporated
Action: Close Trade 2028 6.750% Bonds, CUSIP: 893647BR7... -
July 24, 2024
Featured Top Idea
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DVN – Devon Energy Corporation
Action: Close trade 2028 5.875% Bonds CUSIP: 25179MBE2... -
July 19, 2024
PBF – Base Case iCDS 166bps,
Negative Case iCDS 220bps, 2028 6.000% Bond YTW of 6.690%, iYTW of 5.788%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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July 17, 2024
Featured Top Idea
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NRG – NRG Energy Inc.
Action: Buy 2028 5.750% Bonds CUSIP: 25179MBE2 (5.897% YTW, 4.564% iYTW)... -
July 16, 2024
NRG – CDS 129bps, iCDS 32bps,
Negative Case iCDS 40bps, 2028 5.750% Bond YTW of 5.897%, iYTW of 4.564%,
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
Read More -
July 10, 2024
Featured Top Idea
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QRTE.A – Qurate Retail, Inc.
Action: Close Trade 2025 4.450% Bonds CUSIP: 747262AU7...
