Investment Grade Corporate Bond Market Summary – Week Ending 7/9/21
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Investment Grade Corporate Bond Market Summary: Week Ending 7/9/21
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 7/2/21 – 7/9/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | RAGB 0.85 6/30/2020 | 0.85% | 06/30/20 | 6.64% | 97.43 | 91.36 |
| 2 | SLOREP 0.6875 3/3/2081 | 0.69% | 03/03/81 | 5.33% | 90.25 | 85.69 |
| 3 | WR 4.3 7/15/2044 | 4.30% | 07/15/44 | 4.90% | 120.00 | 114.40 |
| 4 | HPCOM 5.86 9/15/2053 | 5.86% | 09/15/53 | 3.96% | 136.01 | 130.83 |
| 5 | KEL 1.7085 2/1/2058 | 1.71% | 02/01/58 | 3.96% | 208.33 | 200.39 |
| 6 | KFW 0 6/29/2037 | 0.00% | 06/29/37 | 3.57% | 76.01 | 73.39 |
| 7 | CAMBRG 2.35 6/27/2078 | 2.35% | 06/27/78 | 3.56% | 142.81 | 137.89 |
| 8 | UKMBAS 1.625 8/26/2060 | 1.63% | 08/26/60 | 3.38% | 96.83 | 93.67 |
| 9 | NZGB 1.75 5/15/2041 | 1.75% | 05/15/41 | 3.32% | 90.83 | 87.91 |
| 10 | PPL 1.541 12/1/2056 | 1.54% | 12/01/56 | 3.16% | 193.11 | 187.20 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 7/2/21 – 7/9/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | MRWLN 4.75 7/4/2029 | 4.75% | 07/04/29 | -7.15% | 102.31 | 110.19 |
| 2 | ACAFP 4.4 7/6/2027 | 4.40% | 07/06/27 | -3.91% | 113.68 | 118.30 |
| 3 | ESSGR 3.625 2/13/2023 | 3.63% | 02/13/23 | -3.86% | 91.28 | 94.94 |
| 4 | COSTER 6.75 1/15/2034 | 6.75% | 01/15/34 | -3.80% | 101.62 | 105.63 |
| 5 | PERU 6.7142 2/12/2055 | 6.71% | 02/12/55 | -3.61% | 98.29 | 101.97 |
| 6 | BHI 6.875 1/15/2029 | 6.88% | 01/15/29 | -2.46% | 129.41 | 132.67 |
| 7 | KREITS 3.15 PERP | 3.15% | 09/11/99 | -2.36% | 96.49 | 98.82 |
| 8 | SINOCE 4.75 1/14/2030 | 4.75% | 01/14/30 | -1.90% | 99.46 | 101.38 |
| 9 | ROMANI 2.625 12/2/2040 REGS | 2.63% | 12/02/40 | -1.61% | 97.51 | 99.11 |
| 10 | CCL 7.625 3/1/2026 | 7.63% | 03/01/26 | -1.57% | 108.60 | 110.34 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 7/2/21 – 7/9/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Energy: Electricity | -40 bps | 0.73% | 1.13% |
| 2 | Services: Consumer | -38 bps | 1.85% | 2.24% |
| 3 | Transportation: Cargo | -18 bps | 1.22% | 1.40% |
| 4 | Metals & Mining | -11 bps | 1.39% | 1.50% |
| 5 | Containers, Packaging, & Glass | -11 bps | 0.97% | 1.08% |
| 6 | Forest Products & Paper | -10 bps | 0.94% | 1.04% |
| 7 | Insurance | -10 bps | 1.27% | 1.37% |
| 8 | Consumer Goods: Non-Durable | -10 bps | 1.05% | 1.15% |
| 9 | Chemicals, Plastics & Rubber | -10 bps | 1.32% | 1.41% |
| 10 | Wholesale | -9 bps | 1.53% | 1.62% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 7/2/21 – 7/9/21
| RANK | NAME | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Sovereign & Public Finance | 43 bps | 1.24% | 0.82% |
| 2 | Consumer Goods: Durable | 22 bps | 1.03% | 0.81% |
| 3 | Environmental Industries | 17 bps | 1.17% | 1.00% |
| 4 | Real Estate | 16 bps | 1.65% | 1.49% |
| 5 | Transportation: Consumer | 10 bps | 2.05% | 1.95% |
| 6 | Media: Diversified & Production | 10 bps | 1.24% | 1.15% |
| 7 | Media: Advertising, Printing & Publishing | 10 bps | 0.80% | 0.71% |
| 8 | Finance | 9 bps | 1.42% | 1.33% |
| 9 | Banking | 7 bps | 1.24% | 1.17% |
| 10 | Beverage, Food & Tobacco | 3 bps | 1.01% | 0.98% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 7/2/21 – 7/9/21 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 7/2/21 – 7/9/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 7/2/21 vs. the week ending 7/9/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CRM 1.5 7/15/2028 | 1.50% | 07/15/28 | 103 | 255 | 152 | 148% |
| 2 | CRM 1.95 7/15/2031 | 1.95% | 07/15/31 | 126 | 276 | 150 | 119% |
| 3 | CRM 2.7 7/15/2041 | 2.70% | 07/15/41 | 117 | 262 | 145 | 124% |
| 4 | CRM 0.625 7/15/2024 | 0.63% | 07/15/24 | 76 | 174 | 98 | 129% |
| 5 | SOCGEN 0.25 2/25/2027 | 0.25% | 02/25/27 | 18 | 105 | 87 | 483% |
| 6 | CHMINV 3.8 8/2/2021 | 3.80% | 08/02/21 | 16 | 68 | 52 | 325% |
| 7 | ENBCN 2.5 8/1/2033 | 2.50% | 08/01/33 | 232 | 275 | 43 | 19% |
| 8 | BMO 0 6/28/2022 | 0.20% | 06/28/22 | 18 | 56 | 38 | 211% |
| 9 | ENBCN 3.4 8/1/2051 | 3.40% | 08/01/51 | 218 | 255 | 37 | 17% |
| 10 | ENXFP 1.125 6/12/2029 | 1.13% | 06/12/29 | 130 | 165 | 35 | 27% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 7/2/21 – 7/9/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | T 2.75 6/1/2031 | 2.75% | 06/01/31 | 38 |
| 2 | UNH 2.3 5/15/2031 | 2.30% | 05/15/31 | 35 |
| 3 | T 2.25 2/1/2032 | 2.25% | 02/01/32 | 35 |
| 4 | AAPL 1.65 2/8/2031 | 1.65% | 02/08/31 | 35 |
| 5 | ABBV 4.25 11/21/2049 | 4.25% | 11/21/49 | 34 |
| 6 | AMZN 1 5/12/2026 | 1.00% | 05/12/26 | 34 |
| 7 | DUK 2.55 6/15/2031 | 2.55% | 06/15/31 | 34 |
| 8 | ORCL 3.95 3/25/2051 | 3.95% | 03/25/51 | 34 |
| 9 | INTC 4.75 3/25/2050 | 4.75% | 03/25/50 | 33 |
| 10 | XOM 2.61 10/15/2030 | 2.61% | 10/15/30 | 33 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 7/2/21 – 7/9/21 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 7/2/21 – 7/9/21
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