Investment Grade Corporate Bond Market Summary – Week Ending 10/22/21
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Investment Grade Corporate Bond Market Summary: Week Ending 10/22/21
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 10/15/21 – 10/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SHIMAO 3.45 1/11/2031 | 3.45% | 01/11/31 | 7.04% | 90.93 | 84.94 |
| 2 | NRW 0.95 1/10/2021 | 0.95% | 01/10/21 | 6.51% | 92.98 | 87.30 |
| 3 | BRKHEC 5.375 9/15/2040 | 5.38% | 09/15/40 | 3.77% | 129.04 | 124.35 |
| 4 | SHUION 5.5 6/29/2026 | 5.50% | 06/29/26 | 3.71% | 91.69 | 88.41 |
| 5 | PANAMA 8.125 4/28/2034 | 8.13% | 04/28/34 | 3.68% | 147.23 | 142.01 |
| 6 | BRABUR 0.6 10/13/2051 | 0.60% | 10/13/51 | 3.55% | 101.53 | 98.05 |
| 7 | KO 6.7 10/15/2036 | 6.70% | 10/15/36 | 3.02% | 146.67 | 142.37 |
| 8 | NGGLN 2.037 2/15/2039 | 2.04% | 02/15/39 | 2.75% | 110.54 | 107.58 |
| 9 | DOW 4.1 11/15/2049 | 4.10% | 11/15/49 | 2.49% | 99.42 | 97.01 |
| 10 | ADJGR 1.5 7/26/2024 | 1.50% | 07/26/24 | 2.46% | 90.39 | 88.23 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 10/15/21 – 10/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | GWFOOD 3.258 10/29/2030 | 3.26% | 10/29/30 | -6.11% | 75.16 | 80.05 |
| 2 | SWISBR 9.85 7/16/2032 REGS | 9.85% | 07/16/32 | -4.26% | 94.30 | 98.50 |
| 3 | HGB 4 4/28/2051 | 4.00% | 04/28/51 | -3.53% | 96.50 | 100.03 |
| 4 | CRSLNX 4.651 9/30/2046 | 4.65% | 09/30/46 | -3.52% | 109.35 | 113.35 |
| 5 | UGPABZ 5.25 6/6/2029 REGS | 5.25% | 06/06/29 | -3.42% | 102.49 | 106.12 |
| 6 | HOUSNZ 2.183 4/24/2030 | 2.18% | 04/24/30 | -3.13% | 95.11 | 98.18 |
| 7 | CZGB 4.85 11/26/2057 | 4.85% | 11/26/57 | -3.07% | 140.17 | 144.62 |
| 8 | KINSOL 3.571 7/31/2035 | 3.57% | 07/31/35 | -3.00% | 106.86 | 110.16 |
| 9 | PERU 6.7142 2/12/2055 | 6.71% | 02/12/55 | -2.93% | 94.65 | 97.50 |
| 10 | CP 6.125 9/15/2015 | 6.13% | 09/15/15 | -2.77% | 147.85 | 152.07 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 10/15/21 – 10/22/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Containers, Packaging, & Glass | -37 bps | 1.27% | 1.64% |
| 2 | Media: Diversified & Production | -17 bps | 1.52% | 1.70% |
| 3 | Metals & Mining | -9 bps | 1.82% | 1.91% |
| 4 | Services: Consumer | 0 bps | 2.54% | 2.54% |
| 5 | Transportation: Cargo | 2 bps | 1.55% | 1.53% |
| 6 | Telecommunications | 5 bps | 1.43% | 1.38% |
| 7 | Energy: Oil & Gas | 5 bps | 2.12% | 2.06% |
| 8 | Hotel, Gaming & Leisure | 7 bps | 2.87% | 2.80% |
| 9 | Insurance | 7 bps | 1.63% | 1.56% |
| 10 | Real Estate | 8 bps | 1.98% | 1.90% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 10/15/21 – 10/22/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Consumer Goods: Durable | 51 bps | 1.27% | 0.76% |
| 2 | Media: Advertising, Printing & Publishing | 34 bps | 1.63% | 1.29% |
| 3 | Sovereign & Public Finance | 33 bps | 1.26% | 0.93% |
| 4 | Banking | 26 bps | 1.44% | 1.18% |
| 5 | Consumer Goods: Non-Durable | 24 bps | 1.34% | 1.10% |
| 6 | Utilities: Oil & Gas | 24 bps | 1.83% | 1.60% |
| 7 | Chemicals, Plastics & Rubber | 21 bps | 1.66% | 1.45% |
| 8 | Retail | 20 bps | 1.89% | 1.69% |
| 9 | Environmental Industries | 19 bps | 1.61% | 1.42% |
| 10 | Energy: Electricity | 19 bps | 1.21% | 1.02% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 10/15/21 – 10/22/21 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 10/15/21 – 10/22/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/15/21 vs. the week ending 10/22/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | KDB 2 4/1/2031 | 2.00% | 04/01/31 | 20 | 85 | 65 | 325% |
| 2 | FSK 5 6/28/2022 144A | 5.00% | 06/28/22 | 50 | 95 | 45 | 90% |
| 3 | WSTP 2.963 11/16/2040 | 2.96% | 11/16/40 | 225 | 269 | 44 | 20% |
| 4 | RY 1.4 11/2/2026 | 1.40% | 11/02/26 | 239 | 279 | 40 | 17% |
| 5 | SO 4.4 7/1/2046 | 4.40% | 07/01/46 | 234 | 274 | 40 | 17% |
| 6 | WSTP 3.35 3/8/2027 | 3.35% | 03/08/27 | 233 | 273 | 40 | 17% |
| 7 | BAC 2.482 9/21/2036 | 2.48% | 09/21/36 | 244 | 283 | 39 | 16% |
| 8 | RY 0.75 10/7/2024 | 0.75% | 10/07/24 | 228 | 265 | 37 | 16% |
| 9 | HPQ 6 9/15/2041 | 6.00% | 09/15/41 | 207 | 244 | 37 | 18% |
| 10 | SBUX 2 3/12/2027 | 2.00% | 03/12/27 | 233 | 270 | 37 | 16% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 10/15/21 – 10/22/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 40 |
| 2 | IBM 1.95 5/15/2030 | 1.95% | 05/15/30 | 40 |
| 3 | INTC 1.6 8/12/2028 | 1.60% | 08/12/28 | 40 |
| 4 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 38 |
| 5 | WMT 1.8 9/22/2031 | 1.80% | 09/22/31 | 38 |
| 6 | DIS 2.65 1/13/2031 | 2.65% | 01/13/31 | 38 |
| 7 | AMZN 3.1 5/12/2051 | 3.10% | 05/12/51 | 38 |
| 8 | MEDIND 3.875 4/1/2029 144A | 3.88% | 04/01/29 | 36 |
| 9 | VZ 2.55 3/21/2031 | 2.55% | 03/21/31 | 36 |
| 10 | VZ 3.55 3/22/2051 | 3.55% | 03/22/51 | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 10/15/21 – 10/22/21 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 10/15/21 – 10/22/21
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