Corporates

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Investment Grade Corporate Bond Market Summary:
Week Ending 10/16/20

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 10/9/20 – 10/16/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 GRRIVE 4.478 7/1/2030 4.48% 07/01/30 9.83% 131.80 120.00
2 DANAUH 4 10/31/2020 REGS 4.00% 10/31/20 8.86% 98.26 90.26
3 WEC 6.09 2/11/2040 6.09% 02/11/40 8.20% 140.93 130.25
4 SO 5.65 3/1/2037 5.65% 03/01/37 8.13% 133.60 123.55
5 ERAFP 5.875 5/21/2025 5.88% 05/21/25 6.07% 79.99 75.41
6 ATLIM 1.875 9/26/2029 1.88% 09/26/29 5.30% 97.05 92.16
7 CAMBRG 2.35 6/27/2078 2.35% 06/27/78 5.24% 157.89 150.02
8 M 6.65 7/15/2024 6.65% 07/15/24 5.10% 80.59 76.68
9 NRW 1.375 1/15/2020 1.38% 01/15/20 4.90% 131.12 125.00
10 BRKHEC 1.875 6/16/2062 1.88% 06/16/62 4.69% 106.80 102.01

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 10/9/20 – 10/16/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CCL 1 10/28/2029 1.00% 10/28/29 -8.23% 56.93 62.04
2 AFFP 3.75 10/12/2022 3.75% 10/12/22 -7.13% 83.94 90.39
3 EPR 4.95 4/15/2028 4.95% 04/15/28 -4.54% 90.38 94.68
4 KPN 5.75 9/17/2029 GMTN 5.75% 09/17/29 -4.31% 121.74 127.22
5 ACFP 2.625 PERP 2.63% 10/30/99 -3.12% 83.66 86.36
6 PEMEX 5.625 1/23/2046 5.63% 01/23/46 -2.60% 73.96 75.94
7 COTHEA 3.304 11/1/2049 3.30% 11/01/49 -2.00% 105.01 107.15
8 CABKSM 5.25 PERP 5.25% 03/23/99 -1.98% 90.40 92.23
9 DUK 3.112 9/1/2036 3.11% 09/01/36 -1.79% 108.47 110.45
10 OXY 3.2 8/15/2026 3.20% 08/15/26 -1.62% 81.18 82.52

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 10/9/20 – 10/16/20

RANK NAME CHANGE YLD YLD-1W
1 Energy: Oil & Gas -86 bps 2.73% 3.59%
2 Consumer Goods: Durable -36 bps 1.48% 1.83%
3 Containers, Packaging, & Glass -24 bps 1.20% 1.44%
4 Energy: Electricity -18 bps 0.04% 0.22%
5 Media: Advertising, Printing & Publishing -13 bps 0.42% 0.55%
6 Construction & Building -8 bps 1.14% 1.22%
7 Utilities: Water -8 bps 0.95% 1.03%
8 Media: Broadcasting & Subscription -7 bps 1.09% 1.16%
9 Utilities: Electric -5 bps 1.25% 1.30%
10 Healthcare & Pharmaceuticals -4 bps 0.81% 0.85%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 10/9/20 – 10/16/20

RANK NAME CHANGE YLD YLD-1W
1 Metals & Mining 134 bps 6.64% 5.31%
2 Services: Consumer 88 bps 10.59% 9.71%
3 Environmental Industries 80 bps 1.31% 0.51%
4 Sovereign & Public Finance 80 bps 1.34% 0.54%
5 Aerospace & Defense 55 bps 2.85% 2.30%
6 Transportation: Consumer 52 bps 4.51% 3.99%
7 Chemicals, Plastics & Rubber 40 bps 2.03% 1.64%
8 Media: Diversified & Production 36 bps 1.43% 1.07%
9 Hotel, Gaming & Leisure 27 bps 3.59% 3.32%
10 Services: Business 26 bps 0.97% 0.70%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 10/9/20 – 10/16/20

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 10/9/20 – 10/16/20

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/9/20 vs. the week ending 10/16/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 UKRAIN 7.304 3/15/2033 REGS 7.30% 03/15/33 40 173 133 333%
2 FABUH 4.5 PERP 4.50% 10/05/99 22 129 107 486%
3 GGBRBZ 4.25 1/21/2030 144A 4.25% 01/21/30 56 142 86 154%
4 BANBRA 8.5 12/31/2049 8.50% 12/31/49 36 120 84 233%
5 RPCUH 6 8/31/2036 6.00% 08/31/36 36 106 70 194%
6 F 0 1/10/2022 3.53% 01/10/22 10 73 63 630%
7 BWP 4.5 2/1/2021 4.50% 02/01/21 54 102 48 89%
8 RE 3.5 10/15/2050 3.50% 10/15/50 66 114 48 73%
9 SMCGL 5.7 PERP 5.70% 01/21/99 103 147 44 43%
10 ROP 3 12/15/2020 3.00% 12/15/20 50 91 41 82%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 10/9/20 – 10/16/20

RANK TRANCHE COUPON MATURITY DEALERS
1 PETBRA 6.9 3/19/2049 6.90% 03/19/49 35
2 PETBRA 5.093 1/15/2030 REGS 5.09% 01/15/30 35
3 PETBRA 5.6 1/3/2031 5.60% 01/03/31 35
4 F 8.5 4/21/2023 8.50% 04/21/23 35
5 PETBRA 7.25 3/17/2044 7.25% 03/17/44 34
6 CCL 11.5 4/1/2023 144A 11.50% 04/01/23 34
7 PETBRA 5.299 1/27/2025 5.30% 01/27/25 33
8 PETBRA 6.75 6/3/2050 6.75% 06/03/50 33
9 RCL 5.25 11/15/2022 5.25% 11/15/22 32
10 F 9 4/22/2025 9.00% 04/22/25 32

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 10/9/20 – 10/16/20

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 10/9/20 – 10/16/20

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