Investment Grade Corporate Bond Market Summary – Week Ending 11/19/21
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Investment Grade Corporate Bond Market Summary: Week Ending 11/19/21
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 11/12/21 – 11/19/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SINOCE 5.95 2/4/2027 | 5.95% | 02/04/27 | 6.62% | 93.42 | 87.62 |
| 2 | AGUCN 5.25 1/15/2045 | 5.25% | 01/15/45 | 6.14% | 134.14 | 126.38 |
| 3 | SHIMAO 3.975 9/16/2023 | 3.98% | 09/16/23 | 5.59% | 85.58 | 81.05 |
| 4 | CHJMAO 4.25 7/23/2029 | 4.25% | 07/23/29 | 4.21% | 93.08 | 89.32 |
| 5 | GRPCIN 4.2 6/1/2023 | 4.20% | 06/01/23 | 3.37% | 99.03 | 95.80 |
| 6 | BINHCO 5.875 9/18/2022 | 5.88% | 09/18/22 | 3.28% | 91.74 | 88.83 |
| 7 | VNKRLE 3.975 11/9/2027 | 3.98% | 11/09/27 | 2.99% | 101.76 | 98.81 |
| 8 | BTPCL 5.1 7/15/2050 | 5.10% | 07/15/50 | 2.80% | 86.78 | 84.41 |
| 9 | CNOB 5.75 6/15/2030 | 5.75% | 06/15/30 | 2.67% | 107.93 | 105.12 |
| 10 | SHUION 5.5 3/3/2025 | 5.50% | 03/03/25 | 2.53% | 92.83 | 90.54 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 11/12/21 – 11/19/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | DREXEL 3.215 5/1/2050 | 3.22% | 05/01/50 | -5.95% | 98.66 | 104.90 |
| 2 | STNE 3.95 6/16/2028 REGS | 3.95% | 06/16/28 | -5.77% | 85.18 | 90.40 |
| 3 | BRITEL 6.375 6/23/2037 | 6.38% | 06/23/37 | -3.47% | 133.16 | 137.95 |
| 4 | SVELEV 2.8 2/10/2051 REGS | 2.80% | 02/10/51 | -3.45% | 92.00 | 95.28 |
| 5 | ADM 6.95 12/15/2097 | 6.95% | 12/15/97 | -3.31% | 183.31 | 189.59 |
| 6 | DOW 7.75 10/1/2096 | 7.75% | 10/01/96 | -3.30% | 178.09 | 184.17 |
| 7 | VLO 4.9 3/15/2045 | 4.90% | 03/15/45 | -3.28% | 119.19 | 123.24 |
| 8 | POLGB 1.75 4/25/2032 | 1.75% | 04/25/32 | -3.23% | 86.86 | 89.76 |
| 9 | CKHH 6.988 8/1/2037 | 6.99% | 08/01/37 | -3.20% | 144.96 | 149.76 |
| 10 | ES 2.4 9/1/2050 | 2.40% | 09/01/50 | -3.15% | 87.96 | 90.82 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 11/12/21 – 11/19/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Containers, Packaging, & Glass | -72 bps | 1.17% | 1.90% |
| 2 | Services: Business | -31 bps | 0.90% | 1.21% |
| 3 | Metals & Mining | -18 bps | 1.82% | 2.00% |
| 4 | Energy: Electricity | -15 bps | 1.23% | 1.38% |
| 5 | Forest Products & Paper | -8 bps | 1.17% | 1.25% |
| 6 | Retail | -6 bps | 1.81% | 1.87% |
| 7 | Construction & Building | -5 bps | 1.07% | 1.13% |
| 8 | Energy: Oil & Gas | -5 bps | 2.15% | 2.21% |
| 9 | Real Estate | -4 bps | 1.95% | 1.99% |
| 10 | Environmental Industries | -3 bps | 1.61% | 1.63% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 11/12/21 – 11/19/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Sovereign & Public Finance | 36 bps | 1.57% | 1.21% |
| 2 | Services: Consumer | 24 bps | 2.58% | 2.35% |
| 3 | Consumer Goods: Durable | 20 bps | 1.26% | 1.06% |
| 4 | Utilities: Water | 14 bps | 1.23% | 1.09% |
| 5 | Capital Equipment | 14 bps | 1.22% | 1.08% |
| 6 | Media: Broadcasting & Subscription | 10 bps | 2.11% | 2.01% |
| 7 | Chemicals, Plastics & Rubber | 8 bps | 1.42% | 1.34% |
| 8 | Telecommunications | 7 bps | 1.51% | 1.43% |
| 9 | Consumer Goods: Non-Durable | 6 bps | 1.27% | 1.20% |
| 10 | Banking | 4 bps | 1.40% | 1.36% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 11/12/21 – 11/19/21 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 11/12/21 – 11/19/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/12/21 vs. the week ending 11/19/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | BAC 2.572 10/20/2032 | 2.57% | 10/20/32 | 13 | 262 | 249 | 1915% |
| 2 | WSTP 1.019 11/18/2024 | 1.02% | 11/18/24 | 100 | 232 | 132 | 132% |
| 3 | DB 0.962 11/8/2023 | 0.96% | 11/08/23 | 11 | 135 | 124 | 1127% |
| 4 | TMO 0 10/18/2023 | 0.44% | 10/18/23 | 125 | 173 | 48 | 38% |
| 5 | SEB 1.2 9/9/2026 | 1.20% | 09/09/26 | 35 | 79 | 44 | 126% |
| 6 | GARUDA 5.95 6/3/2023 | 5.95% | 06/03/23 | 13 | 57 | 44 | 338% |
| 7 | DANBNK 0.976 9/10/2025 | 0.98% | 09/10/25 | 40 | 82 | 42 | 105% |
| 8 | NEM 3.5 3/15/2022 | 3.50% | 03/15/22 | 80 | 121 | 41 | 51% |
| 9 | NXPI 2.5 5/11/2031 REGS | 2.50% | 05/11/31 | 170 | 209 | 39 | 23% |
| 10 | SDBC 0.625 9/9/2024 | 0.63% | 09/09/24 | 98 | 131 | 33 | 34% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 11/12/21 – 11/19/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 39 |
| 2 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 38 |
| 3 | T 2.75 6/1/2031 | 2.75% | 06/01/31 | 38 |
| 4 | AER 3.4 10/29/2033 | 3.40% | 10/29/33 | 37 |
| 5 | DIS 2.65 1/13/2031 | 2.65% | 01/13/31 | 37 |
| 6 | VZ 3.55 3/22/2051 | 3.55% | 03/22/51 | 37 |
| 7 | T 2.25 2/1/2032 | 2.25% | 02/01/32 | 37 |
| 8 | AER 3 10/29/2028 | 3.00% | 10/29/28 | 36 |
| 9 | INTC 1.6 8/12/2028 | 1.60% | 08/12/28 | 36 |
| 10 | AER 3.3 1/30/2032 | 3.30% | 01/30/32 | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 11/12/21 – 11/19/21 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 11/12/21 – 11/19/21
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