Investment Grade Corporate Bond Market Summary – Week Ending 6/11/21
Investment Grade Corporate Bond Market Summary: Week Ending 6/11/21
BIIB 3.25% 2051 increased 5.79% from $93.83 to $99.26 over the past week following FDA accelerated approval of its Alzheimer’s drug candidacy.
Top 10 Winners
Showcases the top 10 IG Corp “winners” based on the largest bid price increases between 6/4/21 – 6/11/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | COVBS 12.125 PERP | 12.13% | 06/29/49 | 11.94% | 209.84 | 187.45 |
| 2 | BIIB 3.25 2/15/2051 144A | 3.25% | 02/15/51 | 5.79% | 99.26 | 93.83 |
| 3 | UNICHI 4.003 10/1/2053 | 4.00% | 10/01/53 | 5.19% | 122.05 | 116.03 |
| 4 | CNL 6.5 12/1/2035 | 6.50% | 12/01/35 | 5.19% | 136.50 | 129.77 |
| 5 | HAOHUA 3.7 9/22/2050 | 3.70% | 09/22/50 | 5.14% | 92.61 | 88.09 |
| 6 | COLOM 3.875 2/15/2061 | 3.88% | 02/15/61 | 4.82% | 90.54 | 86.38 |
| 7 | TEMASE 2.5 10/6/2070 REGS | 2.50% | 10/06/70 | 4.49% | 95.37 | 91.27 |
| 8 | LEED 13.375 PERP | 13.38% | 04/29/49 | 4.46% | 209.94 | 200.98 |
| 9 | USCTRJ 3.226 10/1/2020 | 3.23% | 10/01/20 | 4.41% | 97.47 | 93.35 |
| 10 | AVGO 3.75 2/15/2051 144A | 3.75% | 02/15/51 | 4.36% | 101.22 | 97.00 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 6/4/21 – 6/11/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | BTPCL 5.1 7/15/2050 | 5.10% | 07/15/50 | -3.93% | 100.59 | 104.71 |
| 2 | AESGEN 4.56 4/30/2025 | 4.56% | 04/30/25 | -3.12% | 72.32 | 74.66 |
| 3 | TELVIS 8.49 5/11/2037 | 8.49% | 05/11/37 | -2.22% | 92.30 | 94.39 |
| 4 | HAYREA 0 11/15/2022 REGS | 4.58% | 11/15/22 | -2.21% | 79.03 | 80.82 |
| 5 | INTERF 0 5/15/2030 | 0.00% | 05/15/30 | -2.18% | 83.60 | 85.46 |
| 6 | PERU 5.35 8/12/2040 REGS | 5.35% | 08/12/40 | -1.63% | 90.34 | 91.84 |
| 7 | MS 5.5 6/26/2030 | 5.50% | 06/26/30 | -1.44% | 83.43 | 84.65 |
| 8 | PAGLN 7.25 9/9/2026 | 7.25% | 09/09/26 | -1.03% | 101.48 | 102.53 |
| 9 | URUGUA 8 11/18/2022 | 8.00% | 11/18/22 | -0.85% | 107.08 | 108.00 |
| 10 | BFCM 3 10/23/2023 | 3.00% | 10/23/23 | -0.82% | 107.11 | 108.00 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 6/4/21 – 6/11/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Chemicals, Plastics & Rubber | -35 bps | 1.08% | 1.42% |
| 2 | Services: Consumer | -29 bps | 1.80% | 2.09% |
| 3 | High Tech Industries | -18 bps | 1.13% | 1.31% |
| 4 | Sovereign & Public Finance | -15 bps | 1.12% | 1.28% |
| 5 | Consumer Goods: Durable | -14 bps | 0.51% | 0.65% |
| 6 | Forest Products & Paper | -13 bps | 0.90% | 1.03% |
| 7 | Services: Business | -13 bps | 0.77% | 0.90% |
| 8 | Aerospace & Defense | -12 bps | 1.72% | 1.84% |
| 9 | Insurance | -12 bps | 1.29% | 1.41% |
| 10 | Consumer Goods: Non-Durable | -12 bps | 1.00% | 1.11% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 6/4/21 – 6/11/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Transportation: Consumer | -2 bps | 1.91% | 1.93% |
| 2 | Wholesale | -3 bps | 1.54% | 1.57% |
| 3 | Environmental Industries | -4 bps | 1.12% | 1.16% |
| 4 | Energy: Electricity | -4 bps | 0.64% | 0.68% |
| 5 | Media: Broadcasting & Subscription | -5 bps | 1.32% | 1.37% |
| 6 | Utilities: Electric | -5 bps | 1.16% | 1.21% |
| 7 | Utilities: Water | -5 bps | 1.09% | 1.15% |
| 8 | Finance | -6 bps | 1.40% | 1.45% |
| 9 | Automotive | -7 bps | 0.95% | 1.02% |
| 10 | Telecommunications | -7 bps | 0.99% | 1.06% |
Sentiment
Reveals the percent of IG Corps increasing in price (advancers) vs. IG Corps decreasing in price (decliners) between 6/4/21 – 6/11/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 6/4/21 vs. the week ending 6/11/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CETERA 7.5 4/1/2029 144A | 7.50% | 04/01/29 | 44 | 106 | 62 | 141% |
| 2 | VOD 3.25 12/13/2022 | 3.25% | 12/13/22 | 138 | 195 | 57 | 41% |
| 3 | AYR 5.25 8/11/2025 144A | 5.25% | 08/11/25 | 175 | 230 | 55 | 31% |
| 4 | ROMANI 6.125 1/22/2044 | 6.13% | 01/22/44 | 146 | 200 | 54 | 37% |
| 5 | DUK 2.55 4/15/2031 | 2.55% | 04/15/31 | 286 | 333 | 47 | 16% |
| 6 | KNIGHT 4.813 9/1/2048 | 4.81% | 09/01/48 | 75 | 118 | 43 | 57% |
| 7 | RKTLN 2.75 6/26/2024 144A | 2.75% | 06/26/24 | 56 | 99 | 43 | 77% |
| 8 | BIIB 3.25 2/15/2051 144A | 3.25% | 02/15/51 | 138 | 180 | 42 | 30% |
| 9 | CPKLN 3.588 8/28/2025 | 3.59% | 08/28/25 | 42 | 82 | 40 | 95% |
| 10 | CAMLNG 2.902 7/15/2031 144A | 2.90% | 07/15/31 | 141 | 180 | 39 | 28% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 6/4/21 – 6/11/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AMZN 2.1 5/12/2031 | 2.10% | 05/12/31 | 38 |
| 2 | AMZN 1 5/12/2026 | 1.00% | 05/12/26 | 37 |
| 3 | AMZN 1.65 5/12/2028 | 1.65% | 05/12/28 | 37 |
| 4 | T 2.75 6/1/2031 | 2.75% | 06/01/31 | 36 |
| 5 | VZ 0 3/20/2026 | 1.45% | 03/20/26 | 36 |
| 6 | T 2.25 2/1/2032 | 2.25% | 02/01/32 | 35 |
| 7 | KMI 2 2/15/2031 | 2.00% | 02/15/31 | 35 |
| 8 | AMZN 2.875 5/12/2041 | 2.88% | 05/12/41 | 35 |
| 9 | AMZN 3.1 5/12/2051 | 3.10% | 05/12/51 | 35 |
| 10 | KMI 3.6 2/15/2051 | 3.60% | 02/15/51 | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 6/4/21 – 6/11/21 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 6/4/21 – 6/11/21
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