Investment Grade Corporate Bond Market Summary – Week Ending 11/12/21
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Investment Grade Corporate Bond Market Summary: Week Ending 11/12/21
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 11/5/21 – 11/12/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SINOCE 4.75 1/14/2030 | 4.75% | 01/14/30 | 7.84% | 86.44 | 80.15 |
| 2 | BERTEL 15 PERP | 15.00% | 06/29/49 | 6.04% | 193.00 | 182.00 |
| 3 | HTHROW 0.101 12/11/2032 | 0.10% | 12/11/32 | 4.55% | 106.89 | 102.24 |
| 4 | ESTSLP 0.1 2/28/2062 | 0.10% | 02/28/62 | 4.22% | 129.87 | 124.61 |
| 5 | KO 7.375 7/29/2093 | 7.38% | 07/29/93 | 4.09% | 196.74 | 189.01 |
| 6 | SEWLTD 2.5329 6/3/2041 | 2.53% | 06/03/41 | 4.09% | 175.50 | 168.62 |
| 7 | ISRAEL 6.875 10/21/2034 | 6.88% | 10/21/34 | 4.03% | 153.54 | 147.59 |
| 8 | CORHEA 2.055 6/27/2041 | 2.06% | 06/27/41 | 4.02% | 215.25 | 206.93 |
| 9 | AWLN 2.4 4/20/2035 | 2.40% | 04/20/35 | 3.80% | 165.69 | 159.63 |
| 10 | WALSAL 2.07 1/20/2041 | 2.07% | 01/20/41 | 3.58% | 217.10 | 209.60 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 11/5/21 – 11/12/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PRGO 5.3 11/15/2043 | 5.30% | 11/15/43 | -3.65% | 101.16 | 104.99 |
| 2 | CHJMAO 4.25 7/23/2029 | 4.25% | 07/23/29 | -3.44% | 89.32 | 92.51 |
| 3 | CNSHAN 3.95 5/24/2024 | 3.95% | 05/24/24 | -3.31% | 95.34 | 98.61 |
| 4 | ADCBUH 0 6/20/2024 | 1.34% | 06/20/24 | -3.15% | 100.89 | 104.17 |
| 5 | ROMGB 4.25 4/28/2036 | 4.25% | 04/28/36 | -3.03% | 87.20 | 89.92 |
| 6 | ADXSM 4.2 12/18/2027 | 4.20% | 12/18/27 | -2.85% | 85.11 | 87.61 |
| 7 | XIANGY 4.5 1/30/2023 | 4.50% | 01/30/23 | -2.85% | 90.92 | 93.58 |
| 8 | ARNDTN 1.5 7/15/2024 | 1.50% | 07/15/24 | -2.67% | 100.33 | 103.09 |
| 9 | WFC 7.69 5/15/2025 | 7.69% | 05/15/25 | -2.66% | 115.28 | 118.43 |
| 10 | VNKRLE 3.975 11/9/2027 | 3.98% | 11/09/27 | -2.60% | 98.81 | 101.44 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 11/5/21 – 11/12/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Containers, Packaging, & Glass | -15 bps | 1.20% | 1.35% |
| 2 | Transportation: Consumer | -6 bps | 1.98% | 2.04% |
| 3 | Metals & Mining | -3 bps | 1.85% | 1.88% |
| 4 | Beverage, Food & Tobacco | -3 bps | 1.14% | 1.17% |
| 5 | Media: Advertising, Printing & Publishing | -2 bps | 1.29% | 1.31% |
| 6 | Services: Consumer | -2 bps | 2.34% | 2.36% |
| 7 | Energy: Oil & Gas | 1 bps | 2.17% | 2.16% |
| 8 | Media: Broadcasting & Subscription | 1 bps | 1.99% | 1.98% |
| 9 | Real Estate | 1 bps | 1.99% | 1.97% |
| 10 | Transportation: Cargo | 2 bps | 1.51% | 1.49% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 11/5/21 – 11/12/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Sovereign & Public Finance | 44 bps | 1.62% | 1.18% |
| 2 | Energy: Electricity | 40 bps | 1.49% | 1.09% |
| 3 | Media: Diversified & Production | 34 bps | 1.73% | 1.39% |
| 4 | Hotel, Gaming & Leisure | 30 bps | 3.09% | 2.79% |
| 5 | Services: Business | 28 bps | 1.20% | 0.92% |
| 6 | Capital Equipment | 24 bps | 1.20% | 0.97% |
| 7 | Banking | 22 bps | 1.48% | 1.26% |
| 8 | Utilities: Water | 18 bps | 1.23% | 1.05% |
| 9 | Healthcare & Pharmaceuticals | 15 bps | 1.25% | 1.10% |
| 10 | Utilities: Oil & Gas | 14 bps | 1.78% | 1.64% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 11/5/21 – 11/12/21 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 11/5/21 – 11/12/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/5/21 vs. the week ending 11/12/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | AGRFIN 1.625 6/30/2033 | 1.63% | 06/30/33 | 5 | 96 | 91 | 1820% |
| 2 | AEP 3.25 11/1/2051 | 3.25% | 11/01/51 | 169 | 255 | 86 | 51% |
| 3 | WSTP 3.3 2/26/2024 | 3.30% | 02/26/24 | 234 | 303 | 69 | 29% |
| 4 | ABIBB 3.5 6/1/2030 | 3.50% | 06/01/30 | 276 | 338 | 62 | 22% |
| 5 | DANBNK 0.01 3/19/2024 | 0.01% | 03/19/24 | 15 | 62 | 47 | 313% |
| 6 | GE 7.5 8/21/2035 | 7.50% | 08/21/35 | 45 | 87 | 42 | 93% |
| 7 | WSTP 3.35 3/8/2027 | 3.35% | 03/08/27 | 286 | 327 | 41 | 14% |
| 8 | WSTP 4.421 7/24/2039 | 4.42% | 07/24/39 | 240 | 280 | 40 | 17% |
| 9 | WSTP 0 2/26/2024 | 0.91% | 02/26/24 | 105 | 144 | 39 | 37% |
| 10 | GE 5.55 1/5/2026 | 5.55% | 01/05/26 | 120 | 158 | 38 | 32% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 11/5/21 – 11/12/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 42 |
| 2 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 41 |
| 3 | DIS 2.65 1/13/2031 | 2.65% | 01/13/31 | 39 |
| 4 | IBM 1.95 5/15/2030 | 1.95% | 05/15/30 | 39 |
| 5 | AER 3.4 10/29/2033 | 3.40% | 10/29/33 | 37 |
| 6 | T 2.75 6/1/2031 | 2.75% | 06/01/31 | 37 |
| 7 | MEDIND 3.875 4/1/2029 144A | 3.88% | 04/01/29 | 37 |
| 8 | VZ 3.55 3/22/2051 | 3.55% | 03/22/51 | 37 |
| 9 | T 2.25 2/1/2032 | 2.25% | 02/01/32 | 37 |
| 10 | AAPL 2.375 2/8/2041 | 2.38% | 02/08/41 | 37 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 11/5/21 – 11/12/21 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 11/5/21 – 11/12/21
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