Corporates

GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Investment Grade Corporate Bond Market Summary:
Week Ending 11/29/24

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

Quick Links

New Issues

IG Corp bond new issues for the week ending 11/29/24, issue size of $50 million and larger

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PRC AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
Wells Fargo & Co. (USD) 5.211% 12/3/2035 Senior Notes 2500
ConocoPhillips (USD) 4.7% 1/15/2030 Senior Notes 1350 99.867 4.73 55
PNC Bank NA (USD) 4.775% 1/15/2027 Senior Notes 1250 100
ConocoPhillips (USD) 5% 1/15/2035 Senior Notes 1250 99.827 5.02 75
ABN AMRO Bank NV (USD) 5.515% 12/3/2035 144A Senior Notes 750 100
AIG SunAmerica Life Assurance Co. (USD) 4.9% 12/3/2029 REG S Senior Notes 600 99.873 4.93 75
Metro Inc. (CAD) 3.998% 11/27/2029 Senior Notes 500 100 4

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 11/22/24 – 11/29/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 OPI 4.5 2/1/2025 4.50% 02/01/25 12.88% 99.07 87.76 23
2 SAVE 8 9/20/2025 144A 8.00% 09/20/25 11.79% 77.69 69.50 23
3 LLY 1.375 9/14/2061 1.38% 09/14/61 5.13% 60.00 57.07 14
4 CIXCN 4.1 6/15/2051 4.10% 06/15/51 4.83% 72.79 69.44 10
5 TEMASE 1.25 11/20/2049 1.25% 11/20/49 4.73% 67.07 64.04 12
6 LIN 1 9/30/2051 1.00% 09/30/51 4.39% 62.62 59.98 14
7 DUKUNI 2.832 10/1/2055 2.83% 10/01/55 4.26% 66.39 63.68 7
8 MSINAI 3.737 7/1/2049 3.74% 07/01/49 4.21% 68.56 65.79 14
9 PEP 1.05 10/9/2050 1.05% 10/09/50 4.17% 66.01 63.36 17
10 FLEMSH 1 1/23/2051 1.00% 01/23/51 4.13% 59.22 56.87 3

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 11/22/24 – 11/29/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 VNKRLE 3.5 11/12/2029 3.50% 11/12/29 -6.08% 52.38 55.78 20
2 KSS 6.875 12/15/2037 6.88% 12/15/37 -5.40% 73.43 77.62 16
3 LNGFOR 4.5 1/16/2028 4.50% 01/16/28 -2.64% 78.63 80.77 18
4 ADANEM 3.867 7/22/2031 144A 3.87% 07/22/31 -2.60% 77.81 79.89 8
5 ADTIN 4 8/3/2026 REGS 4.00% 08/03/26 -1.74% 92.41 94.06 27
6 IFC 0 5/20/2030 0.00% 05/20/30 -1.66% 54.73 55.65 3
7 ETLFP 9.75 4/13/2029 REGS 9.75% 04/13/29 -1.27% 96.63 97.87 15
8 ROMGB 4.15 10/24/2030 4.15% 10/24/30 -1.15% 85.43 86.42 3
9 SWSFIN 7.75 10/31/2031 7.75% 10/31/31 -0.99% 87.03 87.90 15
10 URUGUA 9.75 7/20/2033 9.75% 07/20/33 -0.93% 100.25 101.19 5

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 11/22/24 – 11/29/24

RANK INDUSTRY CHANGE YLD YLD-1W
1 Forest Products & Paper -59 bps 3.96% 4.55%
2 Consumer Goods: Durable -40 bps 3.57% 3.97%
3 Real Estate -32 bps 6.04% 6.36%
4 Beverage, Food & Tobacco -28 bps 4.01% 4.28%
5 Metals & Mining -22 bps 4.60% 4.82%
6 Containers, Packaging, & Glass -21 bps 4.81% 5.02%
7 Energy: Oil & Gas -21 bps 5.09% 5.30%
8 Sovereign & Public Finance -20 bps 4.06% 4.26%
9 Transportation: Cargo -20 bps 4.63% 4.83%
10 Environmental Industries -18 bps 4.59% 4.77%

Bottom 10 Industry Performers

Showcases the bottom 10 IG industry performers based on the largest yield decreases between 11/22/24 – 11/29/24

RANK INDUSTRY CHANGE YLD YLD-1W
1 Energy: Electricity 158 bps 13.29% 11.71%
2 Finance 24 bps 5.69% 5.45%
3 Consumer Goods: Non-Durable 17 bps 4.67% 4.50%
4 Media: Diversified & Production 8 bps 4.25% 4.16%
5 Media: Advertising, Printing & Publishing 4 bps 6.29% 6.25%
6 Utilities: Water 2 bps 4.83% 4.81%
7 Services: Business -5 bps 3.68% 3.74%
8 Banking -7 bps 4.33% 4.41%
9 Wholesale -9 bps 5.56% 5.65%
10 Utilities: Electric -10 bps 4.39% 4.49%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 11/22/24 – 11/29/24

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 11/22/24 – 11/29/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/22/24 vs. the week ending 11/29/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 PBBGR 4 7/25/2028 4.00% 07/25/28 30 90 60 200%
2 BNP 1.5 5/23/2028 1.50% 05/23/28 182 235 53 29%
3 COLBYC 3.054 7/1/2049 3.05% 07/01/49 32 74 42 131%
4 BAC 0.694 3/22/2031 0.69% 03/22/31 156 195 39 25%
5 ADSEZ 8.7 1/9/2029 8.70% 01/09/29 25 63 38 152%
6 MINCAP 4.625 8/10/2030 REGS 4.63% 08/10/30 131 165 34 26%
7 VZ 1.875 10/26/2029 1.88% 10/26/29 152 186 34 22%
8 DOW 5.15 2/15/2034 5.15% 02/15/34 185 218 33 18%
9 NTRCN 5.4 6/21/2034 5.40% 06/21/34 210 243 33 16%
10 GM 6.25 10/2/2043 6.25% 10/02/43 228 261 33 14%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 11/22/24 – 11/29/24

RANK TRANCHE COUPON MATURITY DEALERS
1 HSBC 8 PERP 8.00% 09/07/99 39
2 HPE 5 10/15/2034 5.00% 10/15/34 38
3 T 5.4 2/15/2034 5.40% 02/15/34 37
4 HSBC 6.375 PERP 6.38% NULL 36
5 HSBC 6.5 PERP 6.50% NULL 36
6 HSBC 5.719 3/4/2035 5.72% 03/04/35 35
7 CSCO 5.05 2/26/2034 5.05% 02/26/34 35
8 HSBC 4.6 PERP 4.60% NULL 35
9 HSBC 5.874 11/18/2035 5.87% 11/18/35 35
10 HSBC 6.95 PERP 6.69% NULL 35

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 11/22/24 – 11/29/24

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 11/22/24 – 11/29/24

Stay up-to-date with weekly summaries.

Stay up-to-date on the latest from SOLVE