Corporates
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Investment Grade Corporate Bond Market Summary:
Week Ending 9/17/21
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 9/10/21 – 9/17/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | AWLN 0 2/27/2043 | 0.95% | 02/27/43 | 15.31% | 116.66 | 101.17 |
| 2 | MMBFP 2.125 10/16/2026 | 2.13% | 10/16/26 | 5.50% | 104.52 | 99.07 |
| 3 | SEVFP 3.3 3/25/2033 | 3.30% | 03/25/33 | 4.75% | 130.64 | 124.72 |
| 4 | HAOHUA 3.7 9/22/2050 | 3.70% | 09/22/50 | 3.27% | 101.27 | 98.06 |
| 5 | GTOWNU 2.943 4/1/2050 | 2.94% | 04/01/50 | 3.11% | 102.59 | 99.50 |
| 6 | DXC 4.75 4/15/2027 | 4.75% | 04/15/27 | 2.82% | 118.36 | 115.12 |
| 7 | PACLIF 9.25 6/15/2039 | 9.25% | 06/15/39 | 2.69% | 173.63 | 169.07 |
| 8 | LHAGR 3.5 7/14/2029 | 3.50% | 07/14/29 | 2.40% | 102.46 | 100.07 |
| 9 | ROMGB 4.75 10/11/2034 | 4.75% | 10/11/34 | 2.35% | 105.77 | 103.34 |
| 10 | SLVBCK 3.7529 5/25/2039 | 3.75% | 05/25/39 | 2.02% | 105.67 | 103.58 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 9/10/21 – 9/17/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CARUNA 2.701 10/16/2037 | 2.70% | 10/16/37 | -9.29% | 103.54 | 114.15 |
| 2 | SGOFP 1.875 5/3/2035 | 1.88% | 05/03/35 | -7.12% | 104.84 | 112.88 |
| 3 | SHIMAO 5.6 7/15/2026 | 5.60% | 07/15/26 | -6.25% | 97.99 | 104.52 |
| 4 | GYCGR 2 10/25/2032 | 2.00% | 10/25/32 | -5.29% | 105.93 | 111.84 |
| 5 | ADJGR 2.25 1/14/2029 | 2.25% | 01/14/29 | -4.56% | 90.22 | 94.53 |
| 6 | NRW 1.95 9/26/2078 | 1.95% | 09/26/78 | -4.04% | 143.81 | 149.87 |
| 7 | NGGLN 3.35 9/27/2032 | 3.35% | 09/27/32 | -3.92% | 119.87 | 124.76 |
| 8 | RAGB 0.85 6/30/2120 | 0.85% | 06/30/20 | -3.82% | 92.89 | 96.58 |
| 9 | SLOREP 0.6875 3/3/2081 | 0.69% | 03/03/81 | -3.36% | 87.68 | 90.73 |
| 10 | LVS 2.9 6/25/2025 | 2.90% | 06/25/25 | -2.87% | 100.21 | 103.17 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 9/10/21 – 9/17/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
| 1 | Chemicals, Plastics & Rubber | -9 bps | 1.22% | 1.31% |
| 2 | High Tech Industries | -6 bps | 1.16% | 1.22% |
| 3 | Insurance | -4 bps | 1.29% | 1.33% |
| 4 | Banking | -4 bps | 1.14% | 1.18% |
| 5 | Media: Advertising, Printing & Publishing | -2 bps | 0.58% | 0.60% |
| 6 | Metals & Mining | 0 bps | 1.72% | 1.72% |
| 7 | Media: Broadcasting & Subscription | 0 bps | 1.45% | 1.45% |
| 8 | Aerospace & Defense | 1 bps | 1.53% | 1.52% |
| 9 | Sovereign & Public Finance | 2 bps | 1.02% | 1.00% |
| 10 | Finance | 3 bps | 1.31% | 1.28% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 9/10/21 – 9/17/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
| 1 | Services: Consumer | 31 bps | 2.44% | 2.13% |
| 2 | Containers, Packaging, & Glass | 26 bps | 1.55% | 1.29% |
| 3 | Consumer Goods: Durable | 26 bps | 1.26% | 1.01% |
| 4 | Transportation: Consumer | 23 bps | 2.04% | 1.82% |
| 5 | Environmental Industries | 19 bps | 1.37% | 1.18% |
| 6 | Energy: Electricity | 18 bps | 1.13% | 0.95% |
| 7 | Consumer Goods: Non-Durable | 16 bps | 1.07% | 0.91% |
| 8 | Forest Products & Paper | 15 bps | 1.06% | 0.90% |
| 9 | Transportation: Cargo | 13 bps | 1.46% | 1.33% |
| 10 | Utilities: Oil & Gas | 13 bps | 1.47% | 1.35% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 9/10/21 – 9/17/21
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 9/10/21 – 9/17/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 9/10/21 vs. the week ending 9/17/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | PNC 3.4 7/8/2009 | 3.40% | 07/08/09 | 73 | 180 | 107 | 147% |
| 2 | TD 1.25 5/14/2026 | 1.25% | 05/14/26 | 117 | 200 | 83 | 71% |
| 3 | INTNED 3.875 12/3/2020 | 3.88% | 12/03/20 | 103 | 175 | 72 | 70% |
| 4 | TD 0.7 11/30/2024 | 0.70% | 11/30/24 | 99 | 165 | 66 | 67% |
| 5 | KMI 5.55 6/1/2045 | 5.55% | 06/01/45 | 264 | 322 | 58 | 22% |
| 6 | TOYOTA 1.125 6/18/2026 | 1.13% | 06/18/26 | 258 | 311 | 53 | 21% |
| 7 | BPLN 3.379 2/8/2061 | 3.38% | 02/08/61 | 227 | 276 | 49 | 22% |
| 8 | RLJ 3.75 7/1/2026 144A | 3.75% | 07/01/26 | 119 | 163 | 44 | 37% |
| 9 | T 3.5 9/15/2053 | 3.50% | 09/15/53 | 4 | 46 | 42 | 1050% |
| 10 | TOYOTA 0.625 11/21/2024 | 0.63% | 11/21/24 | 194 | 235 | 41 | 21% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 9/10/21 – 9/17/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | VZ 2.55 3/21/2031 | 2.55% | 03/21/31 | 39 |
| 2 | T 2.25 2/1/2032 | 2.25% | 02/01/32 | 37 |
| 3 | CMCSA 1.5 2/15/2031 | 1.50% | 02/15/31 | 37 |
| 4 | AMZN 1.65 5/12/2028 | 1.65% | 05/12/28 | 37 |
| 5 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 37 |
| 6 | INTC 1.6 8/12/2028 | 1.60% | 08/12/28 | 37 |
| 7 | INTC 2 8/12/2031 | 2.00% | 08/12/31 | 36 |
| 8 | IBM 1.95 5/15/2030 | 1.95% | 05/15/30 | 36 |
| 9 | AAPL 1.4 8/5/2028 | 1.40% | 08/05/28 | 36 |
| 10 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 9/10/21 – 9/17/21
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 9/10/21 – 9/17/21
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