Investment Grade Corporate Bond Market Summary – Week Ending 11/26/21
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Investment Grade Corporate Bond Market Summary: Week Ending 11/26/21
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 11/19/21 – 11/26/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | YUNMET 5.5 4/8/2022 | 5.50% | 04/08/22 | 4.71% | 82.89 | 79.17 |
| 2 | RYEUNI 3.768 10/11/2057 | 3.77% | 10/11/57 | 4.13% | 110.45 | 106.07 |
| 3 | CPPIBC 1.625 10/22/2071 | 1.63% | 10/22/71 | 3.20% | 108.21 | 104.85 |
| 4 | BTPCL 4.7 9/1/2030 | 4.70% | 09/01/30 | 2.92% | 95.03 | 92.33 |
| 5 | RESFER 4.83 3/25/2060 | 4.83% | 03/25/60 | 2.87% | 186.81 | 181.60 |
| 6 | WELLTR 1.5 7/14/2071 | 1.50% | 07/14/71 | 2.64% | 103.01 | 100.36 |
| 7 | LZINVE 4.15 11/15/2022 | 4.15% | 11/15/22 | 2.45% | 89.91 | 87.76 |
| 8 | UKMBAS 1.625 8/26/2060 | 1.63% | 08/26/60 | 2.39% | 100.09 | 97.75 |
| 9 | HYDEH 1.75 8/18/2055 | 1.75% | 08/18/55 | 2.37% | 97.16 | 94.91 |
| 10 | HRINTH 4.25 PERP | 4.25% | 09/30/99 | 2.27% | 89.93 | 87.93 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 11/19/21 – 11/26/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SHIMAO 3.45 1/11/2031 | 3.45% | 01/11/31 | -14.78% | 67.42 | 79.11 |
| 2 | RAGB 0.85 6/30/2120 | 0.85% | 06/30/20 | -8.54% | 87.59 | 95.76 |
| 3 | PEMEX 7.69 1/23/2050 | 7.69% | 01/23/50 | -6.32% | 88.57 | 94.55 |
| 4 | ECOPET 5.875 5/28/2045 | 5.88% | 05/28/45 | -5.51% | 92.52 | 97.91 |
| 5 | COLOM 3.875 2/15/2061 | 3.88% | 02/15/61 | -5.45% | 75.45 | 79.80 |
| 6 | DTEKOG 6.75 12/31/2026 | 6.75% | 12/31/26 | -5.33% | 89.40 | 94.44 |
| 7 | LLY 1.375 9/14/2061 | 1.38% | 09/14/61 | -5.22% | 91.80 | 96.86 |
| 8 | ISPIM 1.75 2/25/2033 | 1.75% | 02/25/33 | -5.03% | 110.49 | 116.34 |
| 9 | EDF 2 12/9/2049 | 2.00% | 12/09/49 | -4.60% | 105.45 | 110.53 |
| 10 | GSWITC 2.25 5/31/2027 | 2.25% | 05/31/27 | -4.46% | 103.69 | 108.54 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 11/19/21 – 11/26/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Media: Diversified & Production | -79 bps | 0.94% | 1.73% |
| 2 | Energy: Electricity | -74 bps | 0.42% | 1.16% |
| 3 | Beverage, Food & Tobacco | -62 bps | 0.70% | 1.32% |
| 4 | Healthcare & Pharmaceuticals | -46 bps | 0.78% | 1.24% |
| 5 | Chemicals, Plastics & Rubber | -42 bps | 0.99% | 1.42% |
| 6 | Capital Equipment | -41 bps | 0.68% | 1.09% |
| 7 | Containers, Packaging, & Glass | -41 bps | 0.81% | 1.22% |
| 8 | Consumer Goods: Non-Durable | -34 bps | 0.93% | 1.27% |
| 9 | Services: Consumer | -33 bps | 2.21% | 2.54% |
| 10 | Construction & Building | -25 bps | 0.88% | 1.13% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 11/19/21 – 11/26/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Forest Products & Paper | 57 bps | 1.64% | 1.07% |
| 2 | Sovereign & Public Finance | 37 bps | 1.57% | 1.20% |
| 3 | Utilities: Water | 21 bps | 1.26% | 1.05% |
| 4 | Energy: Oil & Gas | 16 bps | 2.36% | 2.20% |
| 5 | Media: Broadcasting & Subscription | 15 bps | 2.28% | 2.13% |
| 6 | Consumer Goods: Durable | 15 bps | 1.29% | 1.14% |
| 7 | Utilities: Oil & Gas | 12 bps | 1.78% | 1.67% |
| 8 | Retail | 6 bps | 1.92% | 1.86% |
| 9 | Wholesale | 5 bps | 1.68% | 1.63% |
| 10 | Transportation: Cargo | 3 bps | 1.66% | 1.63% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 11/19/21 – 11/26/21 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 11/19/21 – 11/26/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/19/21 vs. the week ending 11/26/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CP 3.1 12/2/2051 | 3.10% | 12/02/51 | 42 | 316 | 274 | 652% |
| 2 | BRITEL 9.625 12/15/2030 | 9.63% | 12/15/30 | 117 | 197 | 80 | 68% |
| 3 | BANORT 5.875 2/17/2014 | 5.88% | 02/17/14 | 34 | 95 | 61 | 179% |
| 4 | RY 3.7 10/5/2023 | 3.70% | 10/05/23 | 201 | 256 | 55 | 27% |
| 5 | ONCRTX 2.7 11/15/2051 144A | 2.70% | 11/15/51 | 141 | 196 | 55 | 39% |
| 6 | BNS 1.3 9/15/2026 | 1.30% | 09/15/26 | 204 | 250 | 46 | 23% |
| 7 | C 1.462 6/9/2027 | 1.46% | 06/09/27 | 220 | 260 | 40 | 18% |
| 8 | JPM 1.47 9/22/2027 | 1.47% | 09/22/27 | 227 | 266 | 39 | 17% |
| 9 | GARUDA 5.95 6/3/2023 | 5.95% | 06/03/23 | 57 | 95 | 38 | 67% |
| 10 | PSX 3.3 3/15/2052 | 3.30% | 03/15/52 | 250 | 284 | 34 | 14% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 11/19/21 – 11/26/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 38 |
| 2 | SHW 2.2 3/15/2032 | 2.20% | 03/15/32 | 37 |
| 3 | CMCSA 1.5 2/15/2031 | 1.50% | 02/15/31 | 37 |
| 4 | T 2.75 6/1/2031 | 2.75% | 06/01/31 | 37 |
| 5 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 36 |
| 6 | VZ 3.55 3/22/2051 | 3.55% | 03/22/51 | 36 |
| 7 | T 2.25 2/1/2032 | 2.25% | 02/01/32 | 36 |
| 8 | VZ 2.55 3/21/2031 | 2.55% | 03/21/31 | 36 |
| 9 | DIS 2.65 1/13/2031 | 2.65% | 01/13/31 | 35 |
| 10 | AMZN 2.875 5/12/2041 | 2.88% | 05/12/41 | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 111/19/21 – 11/26/21 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 11/19/21 – 11/26/21
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