NRG – CDS 90bps, iCDS 28bps,
Negative Case iCDS 41bps, 2028 5.750% Bond YTW of 5.153%, iYTW of 4.219%,
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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June 23, 2025
XYZ – Base Case iCDS 71bps,
Negative Case iCDS 100bps, 2031 3.500% Bond YTW of 5.391%, iYTW of 4.756%,
Ba2 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,
Low Refinancing Need...
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June 18, 2025
Featured Top Idea
ON – ON Semiconductor CorporationAction: Buy 2028 3.875% Bonds CUSIP: 682189AQ8 (5.581% YTW, 4.600% iYTW) 
June 18, 2025
June 17, 2025
BRBR – Base Case iCDS 105bps
Negative Case iCDS 167bps, 2030 7.000% Bond YTW of 5.780%, iYTW of 5.058%
B1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
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June 13, 2025
CRWD – Base Case iCDS 25bps
Negative Case iCDS 81bps, 2029 3.000% Bond YTW of 5.037%, iYTW of 4.348%
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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June 11, 2025
Featured Top Idea
WMS – Advanced Drainage Systems, Inc.Action: Buy 2030 6.375% Bonds CUSIP: 00790RAB0 (5.840% YTW, 5.045% iYTW)
June 9, 2025
AMCX – Base Case iCDS 660bps
Negative Case iCDS 741bps, 2029 4.250% Bond YTW of 12.342%, iYTW of 10.567%
B2 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens
Moderate Refinancing Need...
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June 4, 2025
Featured Top Idea
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MU – Micron Technology, Inc.
Action: Buy 2029 6.750% Bonds CUSIP: 595112BV4 (5.120% YTW, 4.253% iYTW)
Buy 2030 4.663% Bonds CUSIP: 595112BQ5 (5.182% YTW, 4.372% iYTW)
Buy 2031 5.300% Bonds CUSIP: 595112CD3 (5.286% YTW, 4.372% iYTW)...
June 2, 2025
ON – Base Case iCDS 65bps
Negative Case iCDS 92bps 2028 3.875% Bond YTW of 5.581%, iYTW of 4.600%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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May 28, 2025
Featured Top Idea
CRS – Carpenter Technology CorporationAction: Buy 2030 7.625% Bonds CUSIP: 144285AM5 (5.816% YTW, 4.759% iYTW)...
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May 23, 2025
AR – Base Case CDS 112bps, Base Case iCDS 90bps
Negative Case iCDS 98bps, 2029 7.625% Bond YTW of 5.640%, iYTW of 4.875%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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May 23, 2025
WMS – Base Case iCDS 107bps
Negative Case iCDS 128bps, 2030 6.375% Bond YTW of 5.840%, iYTW of 5.045%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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May 21, 2025
Featured Top Idea
SWKS – Skyworks Solutions, Inc.Action: Buy 2031 3.000% Bonds, CUSIP: 83088MAL6 (6.455% YTW, 4.891% iYTW)...
Read MoreMay 20, 2025MU – Base Case CDS 82bps, Base Case iCDS 26bps
Negative Case iCDS 40bps, 2029 6.750% Bond YTW of 5.120%, iYTW of 4.253%
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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May 14, 2025
Featured Top Idea
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CIEN – Ciena Corporation
Action: Buy 2030 4.000% Bonds, CUSIP: 171779AL5 (5.820% YTW, 4.990% iYTW)...
May 9, 2025
CRS – CDS 156bps, iCDS 92bps,
Negative Case iCDS 133bps, 2030 7.625% Bond YTW of 5.816%, iYTW of 4.759%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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May 7, 2025
Featured Top Idea
NRG – NRG Energy IncAction: Buy 2028 5.750% Bonds CUSIP: 629377CE0 (5.849% YTW, 4.322% iYTW)
Buy 2029 3.375% Bonds CUSIP: 629377CQ3 (5.711% YTW, 4.309% iYTW)
Buy 2029 5.250% Bonds CUSIP: 629377CH3 (5.856%YTW, 4.309% iYTW)
Buy 2031 3.625% Bonds CUSIP: 629377CR1 (5.886% YTW, 4.309% iYTW)...
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April 30, 2025
Featured Top Idea
F – Ford Motor CompanyAction: Buy 2028 6.625% Bonds CUSIP: 345370BY5 (6.267% YTW, 5.019% iYTW)
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Buy 2030 9.625% Bonds CUSIP: 345370CX6 (6.788% YTW, 5.134% iYTW)
Buy 2031 7.450% Bonds CUSIP: 345370CA6 (6.814% YTW, 5.311% iYTW)...
April 23, 2025
Featured Top Idea
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UBER – Uber Technologies, Inc.
Action: Close Trade: 2028 6.250% Bonds, CUSIP: 90353TAG5
2029 4.500% Bonds, CUSIP: 90353TAK6
2030 4.300% Bonds, CUSIP: 90353TAN0...Follow Us
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