TEX – Traded CDS 160bps, Base Case iCDS 141bps,
Negative Case 341bps, 2029 5.000% Bond YTW of 6.259%, iYTW of 5.819%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreTEX – Traded CDS 160bps, Base Case iCDS 141bps,
Negative Case 341bps, 2029 5.000% Bond YTW of 6.259%, iYTW of 5.819%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
AMCX – AMC Networks Inc.
Action: Buy 2029 4.250% Bonds CUSIP: 00164VAF0 (12.803% YTW, 10.157% iYTW)...
MOH – Base Case CDS 112bps, Base Case iCDS 81bps,
Negative Case iCDS 152bps, 2028 4.375% Bond YTW of 6.140%, iYTW of 5.170%,
Ba2 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,
Low Refinancing Need
...
Read MoreBA – Base Case CDS 120bps, Base Case iCDS 59bps,
Negative Case iCDS 94bps, 2029 3.200% Bond YTW of 6.004%, iYTW of 5.054%,
Baa2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need
...
Read MoreAR – Base Case CDS 91bps, Base Case iCDS 111bps,
Negative Case iCDS 134bps, 2029 7.625% Bond YTW of 6.513%, iYTW of 5.723%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreKSS – Base Case CDS 447bps, Base Case iCDS 254bps,
Negative Case iCDS 301bps, 2029 7.250% Bond YTW of 8.679%, iYTW of 7.009%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
MSCI – MSCI Inc.
Action: Close Trade 2029 4.000% Bonds CUSIP: 55354GAH3...
Featured Top Idea
OII – Oceaneering International, Inc.
Action: Buy 2028 6.000% Bonds CUSIP: 675232AB8 (6.510% YTW, 6.090% iYTW)...
AMCX – Base Case iCDS 566bps,
Negative Case iCDS 670bps, 2029 4.250% Bond YTW of 12.803%, iYTW of 10.157%,
B1 Rating from Moody’s, XO (equivalent to Ba1) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
MU – Micron Technology, Inc.
Action: Buy 2028 5.375% Bonds CUSIP: 595112CA9 (5.423% YTW, 4.903% iYTW)
Buy 2030 4.663% Bonds CUSIP: 595112BQ5 (5.571% YTW, 4.669% iYTW)
Buy 2031 5.300% Bonds CUSIP: 595112CD3 (5.654% YTW, 4.674% iYTW)...
CIEN – Base Case iCDS 115bps,
Negative Case iCDS 160bps, 2030 4.000% Bond YTW of 6.602%, iYTW of 5.862%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
...
Read MoreHOLX – Base Case iCDS 77bps,
Negative Case iCDS 117bps, 2029 3.250% Bond YTW of 6.029%, iYTW of 5.409%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
...
Read MoreFeatured Top Idea
PBF – PBF Energy Corporation
Action: Buy 2028 6.000% Bonds CUSIP: 69318FAJ7 (6.853% YTW, 6.083% iYTW)
Buy 2030 7.875% Bonds CUSIP: 69318FAL2 (7.146% YTW, 5.986% iYTW)...
TDG – Base Case iCDS 134bps,
Negative Case iCDS 158bps, 2029 4.875% Bond YTW of 6.901%, iYTW of 6.001%,
B1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
High Refinancing Need...
Read MoreFeatured Top Idea
SYNA – Synaptics Incorporated
Action: Buy 2029 4.000% Bonds CUSIP: 87157DAG4 (6.570% YTW, 6.020% iYTW)...
PBF – Base Case iCDS 139bps,
Negative Case iCDS 181bps, 2028 6.000% Bond YTW of 6.853%, iYTW of 6.083%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
TWI – Titan International Inc.
Action: Buy 2028 7.000% Bonds CUSIP: 88830MAM4 (7.338% YTW, 5.198% iYTW)...
Featured Top Idea
QRTE.A – Qurate Retail, Inc.
Action: Buy 2025 4.450% QVC Bonds CUSIP: 747262AU7 (8.391% YTW, 6.771% iYTW)...
MU – Base Case CDS 72bps, Base Case iCDS 28bps,
Negative Case iCDS 52bps, 2028 5.375% Bond YTW of 5.423%, iYTW of 4.903%,
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreNRG – Base Case CDS 145bps, Base Case iCDS 35bps,
Negative Case iCDS 46bps, 2028 5.750% Bond YTW of 5.936%, iYTW of 4.556%,
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need
...
Read More