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Investment Grade Corporate Bond Market Summary:
Week Ending 10/18/24

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

New Issues

IG Corp bond new issues for the week ending 10/18/24, issue size of $50 million and larger

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PRC AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
JP Morgan Chase & Co. (USD) 4.505% 10/22/2028 Senior Notes 2000 100 4.51 92
Royal Bank of Canada (CAD) 4.464% 10/17/2035 Senior Notes 1000 100 4.46 120

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 10/11/24 – 10/18/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 THAMES 4.375 1/18/2031 4.38% 01/18/31 5.71% 76.35 72.22 27
2 WBA 4.65 6/1/2046 4.65% 06/01/46 5.47% 68.07 64.54 17
3 WELLTR 2.517 2/7/2118 2.52% 02/07/18 4.39% 52.81 50.58 17
4 CAMBRG 2.35 6/27/2078 2.35% 06/27/78 3.88% 54.97 52.92 13
5 UU 0.359 10/5/2048 0.36% 10/05/48 3.81% 61.09 58.85 3
6 LANDLN 2.75 9/22/2059 2.75% 09/22/59 3.78% 60.32 58.12 17
7 NOTHLL 4.375 2/20/2054 4.38% 02/20/54 3.64% 83.01 80.10 17
8 BLNFND 2.467 6/16/2061 2.47% 06/16/61 3.58% 52.43 50.61 6
9 KEL 1.46 8/1/2056 1.46% 08/01/56 3.56% 65.94 63.68 6
10 ANCHAN 2 7/21/2051 2.00% 07/21/51 3.55% 52.26 50.47 14

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 10/11/24 – 10/18/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 BERMUD 3.375 8/20/2050 REGS 3.38% 08/20/50 -2.54% 70.22 72.05 3
2 ETLFP 9.75 4/13/2029 REGS 9.75% 04/13/29 -2.39% 99.85 102.30 16
3 HGB 4 4/28/2051 4.00% 04/28/51 -2.32% 65.64 67.20 4
4 SESGFP 2.875 PERP 2.88% NULL -1.95% 92.97 94.82 22
5 PSUBIO FLT 9/30/2028 REGS 7.70% 09/30/28 -1.85% 89.24 90.92 15
6 COTHEA 3.304 11/1/2049 3.30% 11/01/49 -1.44% 73.93 75.01 4
7 KORELE 0 4/1/2096 7.95% 04/01/96 -1.33% 133.64 135.44 6
8 AMAT 2.75 6/1/2050 2.75% 06/01/50 -1.30% 66.79 67.67 23
9 PARHC 3.765 7/1/2048 3.77% 07/01/48 -1.29% 80.68 81.73 4
10 GRWASH 4.126 9/15/2048 4.13% 09/15/48 -1.28% 86.71 87.83 4

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 10/11/24 – 10/18/24

RANK INDUSTRY CHANGE YLD YLD-1W
1 Energy: Electricity -84 bps 11.76% 12.60%
2 Sovereign & Public Finance -38 bps 3.84% 4.22%
3 Real Estate -31 bps 5.97% 6.28%
4 Transportation: Consumer -31 bps 4.57% 4.88%
5 Utilities: Water -23 bps 4.75% 4.98%
6 Aerospace & Defense -22 bps 4.68% 4.90%
7 Retail -20 bps 4.91% 5.11%
8 Construction & Building -17 bps 4.22% 4.39%
9 Insurance -13 bps 4.49% 4.63%
10 Energy: Oil & Gas -13 bps 5.00% 5.14%

Bottom 10 Industry Performers

Showcases the bottom 10 IG industry performers based on the largest yield decreases between 10/11/24 – 10/18/24

RANK INDUSTRY CHANGE YLD YLD-1W
1 Finance 38 bps 5.27% 4.89%
2 Forest Products & Paper 32 bps 4.24% 3.93%
3 Services: Consumer 9 bps 4.93% 4.84%
4 Media: Broadcasting & Subscription 1 bps 4.76% 4.75%
5 Metals & Mining 0 bps 4.77% 4.77%
6 Chemicals, Plastics & Rubber -2 bps 4.72% 4.74%
7 Environmental Industries -2 bps 4.40% 4.42%
8 Consumer Goods: Durable -3 bps 3.99% 4.01%
9 Containers, Packaging, & Glass -4 bps 4.77% 4.81%
10 Wholesale -5 bps 5.30% 5.35%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 10/11/24 – 10/18/24

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Sentiment

Reveals the percent of IG Corps increasing in price (advancers) vs. IG Corps decreasing in price (decliners) between 10/11/24 – 10/18/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/11/24 vs. the week ending 10/18/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BPLN 0.933 12/4/2040 0.93% 12/04/40 34 168 134 394%
2 XOM 1.408 6/26/2039 1.41% 06/26/39 28 139 111 396%
3 BPLN 1.467 9/21/2041 1.47% 09/21/41 65 158 93 143%
4 RDSALN 0.875 11/8/2039 0.88% 11/08/39 64 156 92 144%
5 BA 6.528 5/1/2034 144A 6.53% 05/01/34 157 242 85 54%
6 STATK 3.75 3/22/2039 3.75% 03/22/39 102 173 71 70%
7 TTEFP 1.535 5/31/2039 1.54% 05/31/39 90 151 61 68%
8 TTEFP 1.618 5/18/2040 1.62% 05/18/40 90 150 60 67%
9 OMVAV 0 9/4/2036 0.00% 09/04/36 26 81 55 212%
10 THAMES 1.771 8/28/2057 1.77% 08/28/57 106 156 50 47%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 10/11/24 – 10/18/24

RANK TRANCHE COUPON MATURITY DEALERS
1 MUFG 8.2 PERP 8.20% 07/15/99 39
2 ORCL 4.7 9/27/2034 4.70% 09/27/34 39
3 ENBCN 5.625 4/5/2034 5.63% 04/05/34 38
4 HPE 5 10/15/2034 5.00% 10/15/34 38
5 TOYOTA 4.8 1/5/2034 4.80% 01/05/34 38
6 HSBC 8 PERP 8.00% 09/07/99 38
7 ET 6.05 9/1/2054 6.05% 09/01/54 37
8 ET 5.6 9/1/2034 5.60% 09/01/34 37
9 KMI 5.4 2/1/2034 5.40% 02/01/34 37
10 BHP 5.25 9/8/2033 5.25% 09/08/33 37

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 10/11/24 – 10/18/24

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 10/11/24 – 10/18/24

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