Corporates

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

Investment Grade Corporate Bond Market Summary:
Week Ending 9/2/22

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 9/2/22, issue size of $50 million and larger

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PX AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
Nordic Investment Bank (USD) 3.375% 9/8/2027 N/A 1250 N/A N/A N/A
Citigroup Inc. (USD) 4% 8/30/2024 N/A 86 100 4 N/A
Royal Bank of Canada (USD) 4.1% 8/29/2024 N/A 114 100 N/A N/A
EPCOR Utilities Inc. (CAD) 4.725% 9/2/2052 N/A 450 100 4.73 165

Top 10 Winners

Showcases the top 10 IG Corp “winners” based on the largest bid price increases between 8/26/22 – 9/2/22

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 TOLHOS 6.015 11/15/2048 6.02% 11/15/48 8.09% 65.35 60.46
2 CHJMAO 3.2 4/9/2026 3.20% 04/09/26 7.20% 80.48 75.07
3 NLMKRU 1.45 6/2/2026 REGS 1.45% 06/02/26 4.35% 51.29 49.15
4 NCIAU 4.7 5/12/2031 144A 4.70% 05/12/31 3.90% 78.94 75.98
5 MRWLN 3.5 7/27/2026 3.50% 07/27/26 3.43% 98.63 95.36
6 GRWALL 2.375 8/18/2030 2.38% 08/18/30 3.03% 71.52 69.42
7 HAIDIL 2.15 1/14/2026 2.15% 01/14/26 3.02% 80.29 77.94
8 IFC 6.5 3/27/2026 6.50% 03/27/26 1.75% 88.68 87.15
9 ROMGB 3.65 9/24/2031 3.65% 09/24/31 1.29% 73.16 72.23
10 LNGFOR 3.9 4/16/2023 3.90% 04/16/23 0.83% 97.96 97.15

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 8/26/22 – 9/2/22

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CAMBRG 2.35 6/27/2078 2.35% 06/27/78 -11.03% 64.40 72.38
2 OXUNIV 2.544 12/8/2017 2.54% 12/08/17 -10.68% 60.31 67.52
3 UNCOLO 1.625 6/4/2061 1.63% 06/04/61 -10.51% 54.71 61.13
4 BRKHEC 1.875 6/16/2062 1.88% 06/16/62 -10.42% 52.20 58.27
5 UKMBAS 1.625 8/26/2060 1.63% 08/26/60 -10.01% 53.15 59.07
6 PLATHG 1.625 8/10/2055 1.63% 08/10/55 -9.79% 50.30 55.77
7 FSHPHO 1.875 7/14/2061 1.88% 07/14/61 -9.73% 51.69 57.26
8 BRK 2.625 6/19/2059 2.63% 06/19/59 -9.56% 64.87 71.73
9 HYDEH 1.75 8/18/2055 1.75% 08/18/55 -9.03% 51.62 56.75
10 LONQUA 2.75 7/20/2057 2.75% 07/20/57 -8.81% 65.60 71.94

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 8/26/22 – 9/2/22

RANK INDUSTRY CHANGE YLD YLD-1W
1 Metals & Mining -78 bps 4.60% 5.38%
2 Media: Diversified & Production -31 bps 4.32% 4.64%
3 Media: Advertising, Printing & Publishing 3 bps 4.69% 4.66%
4 Finance 14 bps 4.59% 4.45%
5 Energy: Oil & Gas 16 bps 5.38% 5.22%
6 Aerospace & Defense 16 bps 5.38% 5.22%
7 Retail 21 bps 4.81% 4.60%
8 Insurance 21 bps 4.72% 4.51%
9 Real Estate 22 bps 5.49% 5.26%
10 Telecommunications 23 bps 4.10% 3.87%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 8/26/22 – 9/2/22

RANK INDUSTRY CHANGE YLD YLD-1W
1 Capital Equipment 109 bps 4.56% 3.47%
2 Transportation: Cargo 74 bps 6.21% 5.47%
3 Sovereign & Public Finance 73 bps 4.42% 3.68%
4 Chemicals, Plastics & Rubber 73 bps 5.28% 4.56%
5 Energy: Electricity 72 bps 4.46% 3.75%
6 Utilities: Water 71 bps 4.39% 3.68%
7 Services: Consumer 69 bps 5.96% 5.26%
8 Containers, Packaging, & Glass 60 bps 5.04% 4.43%
9 Consumer Goods: Durable 55 bps 4.05% 3.50%
10 Transportation: Consumer 55 bps 5.67% 5.13%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 8/26/22 – 9/2/22

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 8/26/22 – 9/2/22

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 8/26/22 vs. the week ending 9/2/22

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 TSINGH 4.75 1/31/2021 4.75% 01/31/21 41 109 68 166%
2 PEPPER 3.301 12/1/2059 3.30% 12/01/59 40 89 49 123%
3 HAL 3.5 8/1/2023 3.50% 08/01/23 89 128 39 44%
4 PM 3.125 8/17/2027 3.13% 08/17/27 132 168 36 27%
5 SJM 2.125 3/15/2032 2.13% 03/15/32 154 189 35 23%
6 RICEUN 4.626 5/15/2063 4.63% 05/15/63 38 70 32 84%
7 CAT 6.05 8/15/2036 6.05% 08/15/36 119 151 32 27%
8 HSBC 5.21 8/11/2028 5.21% 08/11/28 296 327 31 10%
9 MAA 1.7 2/15/2031 1.70% 02/15/31 175 206 31 18%
10 UNP 3.5 6/8/2023 3.50% 06/08/23 37 68 31 84%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 8/26/22 – 9/2/22

RANK TRANCHE COUPON MATURITY DEALERS
1 AAPL 3.35 8/8/2032 3.35% 08/08/32 42
2 AMZN 3.6 4/13/2032 3.60% 04/13/32 41
3 AAPL 3.95 8/8/2052 3.95% 08/08/52 39
4 BACR 8 PERP 8.00% 12/15/99 38
5 CVS 5.05 3/25/2048 5.05% 03/25/48 37
6 DIS 2.65 1/13/2031 2.65% 01/13/31 37
7 DIS 3.6 1/13/2051 3.60% 01/13/51 36
8 INTC 4.15 8/5/2032 4.15% 08/05/32 36
9 DIS 3.5 5/13/2040 3.50% 05/13/40 35
10 LOW 4.25 4/1/2052 4.25% 04/01/52 35

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 8/26/22 – 9/2/22

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 8/26/22 – 9/2/22

Stay up-to-date with weekly summaries.

Stay up-to-date on the latest from SOLVE