Investment Grade Corporate Bond Market Summary – Week Ending 12/4/20
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Investment Grade Corporate Bond Market Summary: Week Ending 12/4/20
Our newsletter presents key trends derived from observable Investment Grade 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 11/27/20 – 12/4/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | GS 5 12/11/2028 | 5.00% | 12/11/28 | 10.07% | 109.38 | 99.38 |
| 2 | UAL 3.65 10/7/2025 | 3.65% | 10/07/25 | 8.88% | 95.25 | 87.48 |
| 3 | AAL 3.7 10/1/2026 | 3.70% | 10/01/26 | 8.15% | 90.03 | 83.25 |
| 4 | WPG 5.95 8/15/2024 | 5.95% | 08/15/24 | 7.55% | 62.50 | 58.11 |
| 5 | IENOVA 4.875 1/14/2048 REGS | 4.88% | 01/14/48 | 7.03% | 106.07 | 99.10 |
| 6 | ENBL 5 5/15/2044 | 5.00% | 05/15/44 | 6.35% | 89.93 | 84.56 |
| 7 | MEDHEA 3.626 8/15/2049 | 3.63% | 08/15/49 | 5.97% | 112.94 | 106.58 |
| 8 | PTEN 5.15 11/15/2029 | 5.15% | 11/15/29 | 5.95% | 88.86 | 83.87 |
| 9 | IAGLN 3.35 6/15/2029 144A | 3.35% | 06/15/29 | 5.82% | 92.43 | 87.35 |
| 10 | ACACN 3.7 1/15/2026 144A | 3.70% | 01/15/26 | 5.79% | 90.47 | 85.52 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 11/27/20 – 12/4/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CCAPGR 3.5 4/15/2023 | 3.50% | 04/15/23 | -9.68% | 76.62 | 84.83 |
| 2 | CNOOC 3.3 9/30/2049 | 3.30% | 09/30/49 | -8.22% | 98.31 | 107.12 |
| 3 | MENDOZ 0 6/9/2021 | 38.00% | 06/09/21 | -5.46% | 94.54 | 100.00 |
| 4 | UDR 3.75 7/1/2024 | 3.75% | 07/01/24 | -4.60% | 104.55 | 109.59 |
| 5 | WBA 4.65 6/1/2046 | 4.65% | 06/01/46 | -4.24% | 107.62 | 112.39 |
| 6 | SINOPE 3.35 5/13/2050 REGS | 3.35% | 05/13/50 | -4.17% | 103.15 | 107.64 |
| 7 | BAYNGR 4.2 7/15/2034 144A | 4.20% | 07/15/34 | -4.09% | 110.34 | 115.04 |
| 8 | STX 4.125 1/15/2031 REGS | 4.13% | 01/15/31 | -3.71% | 107.53 | 111.67 |
| 9 | CICFP 0 PERP | 0.00% | 06/29/99 | -3.62% | 80.00 | 83.00 |
| 10 | BTPCL 5.1 7/15/2050 | 5.10% | 07/15/50 | -3.31% | 119.55 | 123.64 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 11/27/20 – 12/4/20
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Consumer Goods: Durable | -97 bps | 0.89% | 1.86% |
| 2 | Media: Diversified & Production | -41 bps | 0.95% | 1.36% |
| 3 | Media: Advertising, Printing & Publishing | -29 bps | 0.45% | 0.75% |
| 4 | Telecommunications | -29 bps | 0.88% | 1.17% |
| 5 | Transportation: Cargo | -13 bps | 0.78% | 0.91% |
| 6 | Capital Equipment | -13 bps | 0.47% | 0.60% |
| 7 | Retail | -10 bps | 1.34% | 1.45% |
| 8 | Real Estate | -9 bps | 1.55% | 1.64% |
| 9 | Utilities: Electric | -9 bps | 1.11% | 1.20% |
| 10 | Energy: Oil & Gas | -8 bps | 1.52% | 1.61% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 11/27/20 – 12/4/20
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Services: Consumer | 1008 bps | 19.64% | 9.56% |
| 2 | Metals & Mining | 87 bps | 4.32% | 3.46% |
| 3 | Sovereign & Public Finance | 57 bps | 1.15% | 0.58% |
| 4 | Energy: Electricity | 31 bps | -0.61% | -0.91% |
| 5 | Aerospace & Defense | 29 bps | 2.21% | 1.92% |
| 6 | Services: Business | 28 bps | 0.96% | 0.68% |
| 7 | Utilities: Water | 24 bps | 1.17% | 0.93% |
| 8 | Healthcare & Pharmaceuticals | 22 bps | 0.82% | 0.60% |
| 9 | Transportation: Consumer | 21 bps | 2.67% | 2.46% |
| 10 | Containers, Packaging, & Glass | 19 bps | 1.12% | 0.93% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 11/27/20 – 12/4/20 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 11/27/20 – 12/4/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/27/20 vs. the week ending 12/4/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | MENDOZ 2.75 3/19/2029 REGS | 2.75% | 03/19/29 | 95 | 155 | 60 | 63% |
| 2 | FE 2.85 7/15/2022 | 2.85% | 07/15/22 | 94 | 142 | 48 | 51% |
| 3 | DAL 4.5 10/20/2025 REGS | 4.50% | 10/20/25 | 5 | 52 | 47 | 940% |
| 4 | FE 7.375 11/15/2031 | 7.38% | 11/15/31 | 190 | 231 | 41 | 22% |
| 5 | FE 4.25 3/15/2023 | 4.25% | 03/15/23 | 131 | 171 | 40 | 31% |
| 6 | FE 5.45 7/15/2044 | 5.45% | 07/15/44 | 106 | 145 | 39 | 37% |
| 7 | FE 2.05 3/1/2025 | 2.05% | 03/01/25 | 172 | 205 | 33 | 19% |
| 8 | NWG 2.375 5/21/2023 REGS | 2.38% | 05/21/23 | 10 | 42 | 32 | 320% |
| 9 | NSCCLF 1.2 4/23/2023 144A | 1.20% | 04/23/23 | 87 | 119 | 32 | 37% |
| 10 | CATHHE 4.5 11/1/2042 | 4.50% | 11/01/42 | 10 | 42 | 32 | 320% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 11/27/20 – 12/4/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | ORCL 2.95 4/1/2030 | 2.95% | 04/01/30 | 33 |
| 2 | PETBRA 6.9 3/19/2049 | 6.90% | 03/19/49 | 32 |
| 3 | PETBRA 5.6 1/3/2031 | 5.60% | 01/03/31 | 32 |
| 4 | XOM 2.992 3/19/2025 | 2.99% | 03/19/25 | 31 |
| 5 | PETBRA 7.25 3/17/2044 | 7.25% | 03/17/44 | 31 |
| 6 | BPLN 1.749 8/10/2030 | 1.75% | 08/10/30 | 31 |
| 7 | ALL 1.45 12/15/2030 | 1.45% | 12/15/30 | 31 |
| 8 | VZ 2.65 11/20/2040 | 2.65% | 11/20/40 | 31 |
| 9 | PETBRA 6.75 6/3/2050 | 6.75% | 06/03/50 | 31 |
| 10 | AAPL 1.25 8/20/2030 | 1.25% | 08/20/30 | 31 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 11/27/20 – 12/4/20 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 11/27/20 – 12/4/20
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
