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Investment Grade Corporate Bond Market Summary:
Week Ending 12/27/24
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 12/27/24, issue size of $50 million and larger
| ISSUE | COLLATERAL TYPE | AMT ISSUED (MM) | PRC AT ISSUANCE | YIELD AT ISSUANCE (%) | SPREAD AT ISSUE |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 12/20/24 – 12/27/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | PHLSBG 5 3/27/2029 | 5.00% | 03/27/29 | 9.64% | 55.14 | 50.29 | 4 |
| 2 | CM FLT 7/31/2084 | 4.93% | 07/31/84 | 9.22% | 99.00 | 90.64 | 6 |
| 3 | HPP 3.25 1/15/2030 | 3.25% | 01/15/30 | 4.10% | 68.42 | 65.72 | 21 |
| 4 | LANDLN 2.375 3/29/2029 | 2.38% | 03/29/29 | 3.64% | 93.95 | 90.65 | 15 |
| 5 | BENTLR 9.375 5/15/2028 144A | 9.38% | 05/15/28 | 2.85% | 105.38 | 102.46 | 2 |
| 6 | CAF 6.82 2/22/2031 | 6.82% | 02/22/31 | 2.72% | 83.23 | 81.03 | 2 |
| 7 | ICO 29.85 4/18/2031 | 29.85% | 04/18/31 | 2.39% | 90.22 | 88.11 | 2 |
| 8 | TJREDM 4.5 9/29/2020 | 4.50% | 09/29/20 | 2.39% | 74.74 | 73.00 | 2 |
| 9 | MAQUNI 2.25 5/22/2030 | 2.25% | 05/22/30 | 1.62% | 87.26 | 85.87 | 4 |
| 10 | HBAN 5.5 5/6/2030 | 5.50% | 05/06/30 | 1.48% | 99.44 | 98.00 | 4 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 12/20/24 – 12/27/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | TOPTB 3.5 10/17/2049 REGS | 3.50% | 10/17/49 | -5.94% | 60.58 | 64.40 | 21 |
| 2 | VNKRLE 3.15 5/12/2025 | 3.15% | 05/12/25 | -5.04% | 82.94 | 87.33 | 20 |
| 3 | TNBMK 7.5 1/15/2096 | 7.50% | 01/15/96 | -4.70% | 96.39 | 101.15 | 6 |
| 4 | AET 3.875 8/15/2047 | 3.88% | 08/15/47 | -4.35% | 70.65 | 73.86 | 15 |
| 5 | JCI 5.25 12/1/2041 | 5.25% | 12/01/41 | -4.05% | 89.60 | 93.38 | 9 |
| 6 | HSY 2.65 6/1/2050 | 2.65% | 06/01/50 | -3.72% | 59.67 | 61.98 | 20 |
| 7 | ADVHEA 4.272 8/15/2048 | 4.27% | 08/15/48 | -3.65% | 81.44 | 84.52 | 4 |
| 8 | RJF 3.75 4/1/2051 | 3.75% | 04/01/51 | -3.45% | 72.52 | 75.11 | 14 |
| 9 | MASSIN 3.885 7/1/2016 | 3.89% | 07/01/16 | -3.33% | 70.56 | 72.99 | 5 |
| 10 | BDX 3.794 5/20/2050 | 3.79% | 05/20/50 | -3.29% | 73.76 | 76.27 | 19 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 12/20/24 – 12/27/24
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
| 1 | Real Estate | -59 bps | 5.66% | 6.25% |
| 2 | Transportation: Consumer | -35 bps | 4.88% | 5.23% |
| 3 | Telecommunications | -26 bps | 4.44% | 4.71% |
| 4 | Media: Advertising, Printing & Publishing | -19 bps | 6.02% | 6.21% |
| 5 | Finance | -17 bps | 4.88% | 5.05% |
| 6 | Metals & Mining | -15 bps | 4.84% | 4.99% |
| 7 | Retail | -11 bps | 5.10% | 5.21% |
| 8 | Hotel, Gaming & Leisure | -9 bps | 4.91% | 5.01% |
| 9 | Media: Broadcasting & Subscription | -8 bps | 4.87% | 4.95% |
| 10 | Sovereign & Public Finance | -8 bps | 4.17% | 4.25% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 12/20/24 – 12/27/24
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
| 1 | Energy: Electricity | 112 bps | 6.64% | 5.52% |
| 2 | Consumer Goods: Non-Durable | 15 bps | 4.75% | 4.60% |
| 3 | Transportation: Cargo | 7 bps | 4.89% | 4.83% |
| 4 | Energy: Oil & Gas | 5 bps | 5.23% | 5.18% |
| 5 | Services: Consumer | 5 bps | 4.77% | 4.72% |
| 6 | Utilities: Water | 5 bps | 4.87% | 4.81% |
| 7 | Consumer Goods: Durable | 5 bps | 4.11% | 4.06% |
| 8 | Aerospace & Defense | 4 bps | 5.17% | 5.13% |
| 9 | Utilities: Oil & Gas | 4 bps | 4.76% | 4.72% |
| 10 | Insurance | 3 bps | 4.84% | 4.81% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 12/20/24 – 12/27/24
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 12/20/24 – 12/27/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 12/20/24 vs. the week ending 12/27/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | RABOBK 5.447 3/5/2030 REGS | 5.45% | 03/05/30 | 0 | 124 | 124 | #DIV/0! |
| 2 | R 4.95 9/1/2029 | 4.95% | 09/01/29 | 0 | 108 | 108 | #DIV/0! |
| 3 | NACN 5.6 7/2/2027 | 5.60% | 07/02/27 | 0 | 103 | 103 | #DIV/0! |
| 4 | SOCGEN 1/19/2035 144A | 6.07% | 01/19/35 | 116 | 209 | 93 | 80% |
| 5 | PFG 5.5 6/28/2028 144A | 5.50% | 06/28/28 | 0 | 91 | 91 | #DIV/0! |
| 6 | SOCGEN 1/19/2055 144A | 7.13% | 01/19/55 | 109 | 180 | 71 | 65% |
| 7 | SOCGEN 1/19/2030 144A | 5.63% | 01/19/30 | 102 | 172 | 70 | 69% |
| 8 | TD 5.103 1/9/2026 | 5.10% | 01/09/26 | 50 | 115 | 65 | 130% |
| 9 | SOCGEN FLT 1/19/2028 144A | 6.19% | 01/19/28 | 0 | 64 | 64 | #DIV/0! |
| 10 | SHBASS 5.125 5/28/2027 REGS | 5.13% | 05/28/27 | 0 | 64 | 64 | #DIV/0! |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 12/20/24 – 12/27/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | T 5.4 2/15/2034 | 5.40% | 02/15/34 | 36 |
| 2 | AMGN 5.25 3/2/2033 | 5.25% | 03/02/33 | 35 |
| 3 | PFE 4.75 5/19/2033 | 4.75% | 05/19/33 | 35 |
| 4 | T 2.55 12/1/2033 | 2.55% | 12/01/33 | 35 |
| 5 | BPLN 5.227 11/17/2034 | 5.23% | 11/17/34 | 35 |
| 6 | OKE 5.05 11/1/2034 | 5.05% | 11/01/34 | 35 |
| 7 | HSBC 6.95 PERP | 6.69% | NULL | 35 |
| 8 | KMI 5.4 2/1/2034 | 5.40% | 02/01/34 | 34 |
| 9 | HSBC 8 PERP | 8.00% | 09/07/99 | 34 |
| 10 | TOYOTA 4.8 1/5/2034 | 4.80% | 01/05/34 | 34 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 12/20/24 – 12/27/24
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 12/20/24 – 12/27/24
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