Corporates
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Investment Grade Corporate Bond Market Summary:
Week Ending 10/29/21
Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
Top 10 Winners
Showcases the top 10 IG Corp “winners” based on the largest bid price increases between 10/22/21 – 10/29/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | OXUNIV 2.544 12/8/2117 | 2.54% | 12/08/17 | 11.24% | 132.99 | 119.55 |
| 2 | CAMBRG 2.35 6/27/2078 | 2.35% | 06/27/78 | 9.63% | 141.90 | 129.43 |
| 3 | WELLTR 1.5 7/14/2071 | 1.50% | 07/14/71 | 9.50% | 99.19 | 90.59 |
| 4 | RABOBK 5.375 8/3/2060 | 5.38% | 08/03/60 | 8.01% | 201.25 | 186.32 |
| 5 | EDF 6 1/23/2014 | 6.00% | 01/23/14 | 7.91% | 185.91 | 172.29 |
| 6 | BRK 2.625 6/19/2059 | 2.63% | 06/19/59 | 7.57% | 116.82 | 108.59 |
| 7 | BRKHEC 1.875 6/16/2062 | 1.88% | 06/16/62 | 7.46% | 96.84 | 90.12 |
| 8 | TRANLN 4 4/7/2064 | 4.00% | 04/07/64 | 7.04% | 157.43 | 147.08 |
| 9 | PLATHG 1.625 8/10/2055 | 1.63% | 08/10/55 | 7.00% | 92.07 | 86.04 |
| 10 | HYDEH 1.75 8/18/2055 | 1.75% | 08/18/55 | 6.97% | 93.73 | 87.62 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 10/22/21 – 10/29/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | ARYNSW 3.5 PERP | 3.50% | 12/29/49 | -9.75% | 91.84 | 101.77 |
| 2 | SHIMAO 3.45 1/11/2031 | 3.45% | 01/11/31 | -7.34% | 84.26 | 90.93 |
| 3 | ADXSM 4.2 12/18/2027 | 4.20% | 12/18/27 | -5.80% | 90.48 | 96.05 |
| 4 | GWFOOD 3.258 10/29/2030 | 3.26% | 10/29/30 | -4.61% | 71.70 | 75.16 |
| 5 | ZURNVX 4.5 7/26/2038 | 4.50% | 07/26/38 | -3.08% | 106.37 | 109.75 |
| 6 | BPCEGP 1.92 12/9/2030 | 1.92% | 12/09/30 | -3.05% | 89.65 | 92.47 |
| 7 | BNG 1.6 11/27/2030 | 1.60% | 11/27/30 | -3.01% | 91.77 | 94.62 |
| 8 | ONT 2.7 10/26/2029 | 2.70% | 10/26/29 | -2.95% | 98.56 | 101.56 |
| 9 | IFC 1.25 2/6/2031 | 1.25% | 02/06/31 | -2.86% | 89.63 | 92.27 |
| 10 | SIVB 4.1 PERP | 4.10% | 02/02/99 | -2.79% | 97.75 | 100.56 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 10/22/21 – 10/29/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
| 1 | Containers, Packaging, & Glass | -61 bps | 1.26% | 1.87% |
| 2 | Media: Advertising, Printing & Publishing | -17 bps | 1.46% | 1.63% |
| 3 | Services: Consumer | -12 bps | 2.43% | 2.55% |
| 4 | Metals & Mining | -11 bps | 1.85% | 1.96% |
| 5 | Consumer Goods: Non-Durable | -9 bps | 1.22% | 1.31% |
| 6 | Energy: Oil & Gas | -7 bps | 2.08% | 2.15% |
| 7 | High Tech Industries | -6 bps | 1.47% | 1.53% |
| 8 | Consumer Goods: Durable | -4 bps | 1.22% | 1.27% |
| 9 | Environmental Industries | -4 bps | 1.61% | 1.66% |
| 10 | Beverage, Food & Tobacco | -3 bps | 1.34% | 1.37% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 10/22/21 – 10/29/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
| 1 | Sovereign & Public Finance | 59 bps | 1.63% | 1.04% |
| 2 | Media: Diversified & Production | 24 bps | 1.77% | 1.53% |
| 3 | Finance | 21 bps | 1.71% | 1.50% |
| 4 | Utilities: Oil & Gas | 19 bps | 1.92% | 1.73% |
| 5 | Hotel, Gaming & Leisure | 17 bps | 3.05% | 2.88% |
| 6 | Services: Business | 16 bps | 1.14% | 0.98% |
| 7 | Capital Equipment | 14 bps | 1.21% | 1.07% |
| 8 | Banking | 14 bps | 1.49% | 1.36% |
| 9 | Forest Products & Paper | 12 bps | 1.33% | 1.21% |
| 10 | Real Estate | 11 bps | 2.11% | 2.00% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 10/22/21 – 10/29/21
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 10/22/21 – 10/29/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/22/21 vs. the week ending 10/29/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TOYOTA 0 5/2/2025 | 0.79% | 05/02/25 | 25 | 90 | 65 | 260% |
| 2 | KDB 2 4/1/2031 | 2.00% | 04/01/31 | 85 | 138 | 53 | 62% |
| 3 | GS 0 10/21/2027 | 0.95% | 10/21/27 | 78 | 128 | 50 | 64% |
| 4 | HP 2.9 9/29/2031 144A | 2.90% | 09/29/31 | 123 | 169 | 46 | 37% |
| 5 | KOREA 1.75 10/15/2031 | 1.75% | 10/15/31 | 93 | 135 | 42 | 45% |
| 6 | BCHINA 0.75 2/4/2024 | 0.75% | 02/04/24 | 127 | 169 | 42 | 33% |
| 7 | VZ 2.987 10/30/2056 | 2.99% | 10/30/56 | 105 | 146 | 41 | 39% |
| 8 | MACQUARIE GROUP LTD SR MEDIUM | 1.94% | 04/14/28 | 26 | 66 | 40 | 154% |
| 9 | NWIDE 1.5 10/13/2026 REGS | 1.50% | 10/13/26 | 100 | 136 | 36 | 36% |
| 10 | VZ 4.272 1/15/2036 | 4.27% | 01/15/36 | 233 | 265 | 32 | 14% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 10/22/21 – 10/29/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 41 |
| 2 | IBM 1.95 5/15/2030 | 1.95% | 05/15/30 | 40 |
| 3 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 40 |
| 4 | INTC 1.6 8/12/2028 | 1.60% | 08/12/28 | 39 |
| 5 | AMZN 3.1 5/12/2051 | 3.10% | 05/12/51 | 39 |
| 6 | DIS 2.65 1/13/2031 | 2.65% | 01/13/31 | 38 |
| 7 | MEDIND 3.875 4/1/2029 144A | 3.88% | 04/01/29 | 37 |
| 8 | VZ 2.55 3/21/2031 | 2.55% | 03/21/31 | 37 |
| 9 | WMT 1.8 9/22/2031 | 1.80% | 09/22/31 | 37 |
| 10 | ORCL 2.875 3/25/2031 | 2.88% | 03/25/31 | 37 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 10/22/21 – 10/29/21
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 10/22/21 – 10/29/21
Stay up-to-date with weekly summaries.
