Corporates
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Investment Grade Corporate Bond Market Summary:
Week Ending 8/27/21
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 8/20/21 – 8/27/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CCAMCL 4.75 12/4/2037 | 4.75% | 12/04/37 | 8.89% | 109.87 | 100.90 |
| 2 | DLDETA 5.95 7/29/2022 | 5.95% | 07/29/22 | 3.92% | 93.00 | 89.50 |
| 3 | BPL 6.75 8/15/2033 | 6.75% | 08/15/33 | 3.13% | 112.57 | 109.16 |
| 4 | PEMEX 5.625 1/23/2046 | 5.63% | 01/23/46 | 2.70% | 81.27 | 79.13 |
| 5 | YUNINV 6.25 3/5/2022 | 6.25% | 03/05/22 | 2.45% | 97.04 | 94.72 |
| 6 | ABXCN 6.375 3/1/2033 | 6.38% | 03/01/33 | 2.36% | 130.83 | 127.81 |
| 7 | COLOM 3.875 2/15/2061 | 3.88% | 02/15/61 | 2.32% | 87.58 | 85.59 |
| 8 | PCG 5.25 7/1/2030 | 5.25% | 07/01/30 | 2.30% | 97.73 | 95.53 |
| 9 | INTMAT 6.5 8/1/2029 144A | 6.50% | 08/01/29 | 1.78% | 100.88 | 99.12 |
| 10 | INDOGB 7.5 6/15/2035 | 7.50% | 06/15/35 | 1.77% | 106.22 | 104.37 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 8/20/21 – 8/27/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | RAGB 0.85 6/30/2020 | 0.85% | 06/30/20 | -6.35% | 99.49 | 106.23 |
| 2 | SLOREP 0.6875 3/3/2081 | 0.69% | 03/03/81 | -5.83% | 96.41 | 102.37 |
| 3 | EDF 2 12/9/2049 | 2.00% | 12/09/49 | -3.56% | 110.67 | 114.75 |
| 4 | LLY 1.7 11/1/2049 | 1.70% | 11/01/49 | -3.42% | 115.85 | 119.95 |
| 5 | ANNGR 1 1/28/2041 | 1.00% | 01/28/41 | -3.24% | 93.88 | 97.03 |
| 6 | DBHNGR 0.625 12/8/2050 | 0.63% | 12/08/50 | -3.21% | 93.13 | 96.23 |
| 7 | IBRD 0.2 1/21/2061 | 0.20% | 01/21/61 | -3.15% | 90.85 | 93.80 |
| 8 | MDT 1.625 10/15/2050 | 1.63% | 10/15/50 | -3.10% | 104.91 | 108.27 |
| 9 | PEP 1.05 10/9/2050 | 1.05% | 10/09/50 | -3.09% | 101.61 | 104.85 |
| 10 | LNT 4.1 10/15/2044 | 4.10% | 10/15/44 | -2.77% | 116.71 | 120.04 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 8/20/21 – 8/27/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
| 1 | Hotel, Gaming & Leisure | -49 bps | 2.57% | 3.06% |
| 2 | Energy: Electricity | -39 bps | 0.64% | 1.03% |
| 3 | Services: Consumer | -26 bps | 2.14% | 2.40% |
| 4 | Media: Diversified & Production | -23 bps | 1.15% | 1.38% |
| 5 | Transportation: Consumer | -16 bps | 1.90% | 2.07% |
| 6 | Services: Business | -7 bps | 0.60% | 0.67% |
| 7 | Aerospace & Defense | -5 bps | 1.50% | 1.55% |
| 8 | Metals & Mining | -4 bps | 1.49% | 1.53% |
| 9 | Telecommunications | -3 bps | 0.99% | 1.03% |
| 10 | Environmental Industries | -3 bps | 1.19% | 1.23% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 8/20/21 – 8/27/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
| 1 | Sovereign & Public Finance | 21 bps | 0.97% | 0.75% |
| 2 | Chemicals, Plastics & Rubber | 21 bps | 1.58% | 1.37% |
| 3 | Beverage, Food & Tobacco | 19 bps | 1.17% | 0.98% |
| 4 | Banking | 19 bps | 1.27% | 1.09% |
| 5 | Construction & Building | 18 bps | 1.01% | 0.83% |
| 6 | Utilities: Oil & Gas | 14 bps | 1.36% | 1.22% |
| 7 | Real Estate | 13 bps | 1.69% | 1.56% |
| 8 | Retail | 13 bps | 1.57% | 1.44% |
| 9 | Consumer Goods: Durable | 12 bps | 1.03% | 0.91% |
| 10 | Forest Products & Paper | 10 bps | 0.98% | 0.88% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 8/20/21 – 8/27/21
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 8/20/21 – 8/27/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 8/20/21 vs. the week ending 8/27/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | ENELIM 2.25 7/12/2031 REGS | 2.25% | 07/12/31 | 40 | 102 | 62 | 155% |
| 2 | WBA 3.3 11/18/2021 | 3.30% | 11/18/21 | 85 | 133 | 48 | 56% |
| 3 | BMW 0 8/12/2024 REGS | 0.43% | 08/12/24 | 35 | 78 | 43 | 123% |
| 4 | TOYOTA 0 8/15/2022 | 0.20% | 08/15/22 | 8 | 51 | 43 | 538% |
| 5 | SANUSA 4.45 12/3/2021 | 4.45% | 12/03/21 | 68 | 107 | 39 | 57% |
| 6 | AAPL 2.7 8/5/2051 | 2.70% | 08/05/51 | 355 | 393 | 38 | 11% |
| 7 | AMT 2.95 1/15/2051 | 2.95% | 01/15/51 | 213 | 250 | 37 | 17% |
| 8 | TFC 3.625 9/16/2025 | 3.63% | 09/16/25 | 178 | 214 | 36 | 20% |
| 9 | NKE 2.4 3/27/2025 | 2.40% | 03/27/25 | 140 | 175 | 35 | 25% |
| 10 | TFC 3 2/2/2023 | 3.00% | 02/02/23 | 152 | 186 | 34 | 22% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 8/20/21 – 8/27/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 41 |
| 2 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 40 |
| 3 | AAPL 1.7 8/5/2031 | 1.70% | 08/05/31 | 40 |
| 4 | AAPL 1.4 8/5/2028 | 1.40% | 08/05/28 | 39 |
| 5 | VZ 3.55 3/22/2051 | 3.55% | 03/22/51 | 39 |
| 6 | AAPL 2.85 8/5/2061 | 2.85% | 08/05/61 | 38 |
| 7 | T 2.75 6/1/2031 | 2.75% | 06/01/31 | 38 |
| 8 | AAPL 2.7 8/5/2051 | 2.70% | 08/05/51 | 38 |
| 9 | VZ 2.55 3/21/2031 | 2.55% | 03/21/31 | 38 |
| 10 | AAPL 1.2 2/8/2028 | 1.20% | 02/08/28 | 37 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 8/20/21 – 8/27/21
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 8/20/21 – 8/27/21
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