Investment Grade Corporate Bond Market Summary – Week Ending 11/5/21
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Investment Grade Corporate Bond Market Summary: Week Ending 11/5/21
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 10/29/21 – 11/5/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | GE 0 6/29/2029 | 0.00% | 06/29/29 | 9.97% | 95.24 | 86.60 |
| 2 | ISPIM 4 9/2/2022 | 4.00% | 09/02/22 | 5.15% | 103.09 | 98.03 |
| 3 | UKMBAS 1.625 8/26/2060 | 1.63% | 08/26/60 | 5.05% | 99.63 | 94.85 |
| 4 | ELIATB 1.56 1/30/2044 | 1.56% | 01/30/44 | 4.76% | 100.04 | 95.50 |
| 5 | EUROGR 0.875 11/20/2040 | 0.88% | 11/20/40 | 4.44% | 97.01 | 92.89 |
| 6 | RESFER 5 3/11/2052 | 5.00% | 03/11/52 | 4.42% | 178.25 | 170.70 |
| 7 | RAGB 0.85 6/30/2120 | 0.85% | 06/30/20 | 4.40% | 96.60 | 92.54 |
| 8 | MERSEY 3.842 3/31/2043 | 3.84% | 03/31/43 | 4.16% | 133.93 | 128.59 |
| 9 | CPPIBC 0.75 7/15/2049 | 0.75% | 07/15/49 | 4.01% | 104.04 | 100.03 |
| 10 | LDNSUT 1.732 11/9/2055 | 1.73% | 11/09/55 | 3.91% | 95.05 | 91.47 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 10/29/21 – 11/5/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SINOCE 4.75 1/14/2030 | 4.75% | 01/14/30 | -12.62% | 80.15 | 91.73 |
| 2 | CBAAU 3.2 8/27/2040 | 3.20% | 08/27/40 | -6.67% | 83.61 | 89.59 |
| 3 | RURAIL 6.598 3/2/2028 | 6.60% | 03/02/28 | -4.41% | 88.02 | 92.08 |
| 4 | SHUION 5.5 3/3/2025 | 5.50% | 03/03/25 | -3.84% | 90.42 | 94.03 |
| 5 | VNKRLE 3.5 11/12/2029 | 3.50% | 11/12/29 | -3.03% | 96.21 | 99.21 |
| 6 | ERSTBK 0 6/8/2023 | 0.70% | 06/08/23 | -2.84% | 99.00 | 101.89 |
| 7 | ROMGB 4.25 4/28/2036 | 4.25% | 04/28/36 | -2.52% | 89.92 | 92.24 |
| 8 | ARYNSW 3.5 PERP | 3.50% | 12/29/49 | -2.51% | 89.54 | 91.84 |
| 9 | URUGUA 8.5 3/15/2028 REGS | 8.50% | 03/15/28 | -2.48% | 100.93 | 103.50 |
| 10 | LNGFOR 3.95 9/16/2029 | 3.95% | 09/16/29 | -2.32% | 99.71 | 102.08 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 10/29/21 – 11/5/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Containers, Packaging, & Glass | -72 bps | 1.15% | 1.87% |
| 2 | Capital Equipment | -45 bps | 1.06% | 1.51% |
| 3 | Media: Diversified & Production | -36 bps | 1.40% | 1.76% |
| 4 | Consumer Goods: Durable | -29 bps | 0.97% | 1.26% |
| 5 | Beverage, Food & Tobacco | -19 bps | 1.14% | 1.33% |
| 6 | Hotel, Gaming & Leisure | -17 bps | 2.81% | 2.98% |
| 7 | Chemicals, Plastics & Rubber | -17 bps | 1.36% | 1.53% |
| 8 | Media: Advertising, Printing & Publishing | -16 bps | 1.32% | 1.48% |
| 9 | Healthcare & Pharmaceuticals | -15 bps | 1.11% | 1.26% |
| 10 | Insurance | -15 bps | 1.60% | 1.75% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 10/29/21 – 11/5/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Sovereign & Public Finance | 22 bps | 1.42% | 1.20% |
| 2 | Forest Products & Paper | 1 bps | 1.20% | 1.19% |
| 3 | Energy: Electricity | -2 bps | 1.20% | 1.21% |
| 4 | Consumer Goods: Non-Durable | -5 bps | 1.13% | 1.17% |
| 5 | Finance | -5 bps | 1.56% | 1.61% |
| 6 | Energy: Oil & Gas | -5 bps | 2.07% | 2.11% |
| 7 | Services: Consumer | -6 bps | 2.38% | 2.44% |
| 8 | Banking | -7 bps | 1.33% | 1.39% |
| 9 | Services: Business | -7 bps | 0.92% | 0.99% |
| 10 | Aerospace & Defense | -7 bps | 1.63% | 1.71% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 10/29/21 – 11/5/21 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 10/29/21 – 11/5/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/29/21 vs. the week ending 11/5/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | VZ 2.987 10/30/2056 | 2.99% | 10/30/56 | 146 | 221 | 75 | 51% |
| 2 | TMUS 3.5 4/15/2025 | 3.50% | 04/15/25 | 151 | 215 | 64 | 42% |
| 3 | EDF 6 1/23/2114 | 6.00% | 01/23/14 | 80 | 141 | 61 | 76% |
| 4 | NWIDE 1.5 10/13/2026 144A | 1.50% | 10/13/26 | 24 | 80 | 56 | 233% |
| 5 | SHBASS 0.125 10/5/2026 | 0.13% | 10/05/26 | 53 | 105 | 52 | 98% |
| 6 | KDB 2 10/25/2031 | 2.00% | 10/25/31 | 86 | 134 | 48 | 56% |
| 7 | GS 4.125 11/16/2027 | 4.13% | 11/16/27 | 119 | 165 | 46 | 39% |
| 8 | TAISEM 1.75 10/25/2026 | 1.75% | 10/25/26 | 166 | 210 | 44 | 27% |
| 9 | BK 1.9 1/25/2029 | 1.90% | 01/25/29 | 185 | 229 | 44 | 24% |
| 10 | SHW 3.8 8/15/2049 | 3.80% | 08/15/49 | 253 | 294 | 41 | 16% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 10/29/21 – 11/5/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 41 |
| 2 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 40 |
| 3 | IBM 1.95 5/15/2030 | 1.95% | 05/15/30 | 39 |
| 4 | WMB 2.6 3/15/2031 | 2.60% | 03/15/31 | 38 |
| 5 | DIS 2.65 1/13/2031 | 2.65% | 01/13/31 | 38 |
| 6 | INTC 1.6 8/12/2028 | 1.60% | 08/12/28 | 37 |
| 7 | VZ 3.55 3/22/2051 | 3.55% | 03/22/51 | 37 |
| 8 | AMZN 3.1 5/12/2051 | 3.10% | 05/12/51 | 37 |
| 9 | AAPL 1.4 8/5/2028 | 1.40% | 08/05/28 | 37 |
| 10 | ORCL 2.875 3/25/2031 | 2.88% | 03/25/31 | 37 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 10/29/21 – 11/5/21 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 10/29/21 – 11/5/21
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