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Investment Grade Corporate Bond Market Summary:
Week Ending 2/19/21

Our newsletter presents key trends derived from observable Investment Grade Corporate Bond pricing data over a weekly period.

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IG Winners/Losers
Industry Winners/Losers
5Yr Yld – Industry
Market Sentiment
Top Movers
Most Quoted IG
Bid Offer Spread
Bid Offer Volume

Top 10 Winners

Showcases the top 10 IG Corp “winners” based on the largest bid price increases between 2/12/21 – 2/19/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 EBIUH 4.62 5/16/2039 4.62% 05/16/39 14.16% 115.29 101.00
2 BJHAIG 4.3 10/8/2022 4.30% 10/08/22 12.92% 65.85 58.31
3 ENBL 4.15 9/15/2029 4.15% 09/15/29 6.79% 106.79 100.01
4 ERAFP 5.875 5/21/2025 5.88% 05/21/25 4.15% 98.80 94.87
5 GLJGR 1.423 5/15/2025 1.42% 05/15/25 3.96% 79.75 76.71
6 FE 6.15 10/1/2038 6.15% 10/01/38 3.90% 126.79 122.03
7 ESICN 9.25 4/15/2024 144A 9.25% 04/15/24 3.17% 73.66 71.40
8 GGICS 9.5 12/18/2032 REGS 9.50% 12/18/32 2.46% 78.73 76.84
9 BURLN 5 12/1/2026 5.00% 12/01/26 2.45% 94.89 92.62
10 FFHCN 7.75 7/15/2037 7.75% 07/15/37 2.20% 131.71 128.88

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 2/12/21 – 2/19/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 WPG 5.95 8/15/2024 5.95% 08/15/24 -15.78% 62.30 73.98
2 SLOVGB 2.25 6/12/2068 2.25% 06/12/68 -5.84% 151.50 160.91
3 SLOREP 0.4875 10/20/2050 0.49% 10/20/50 -5.14% 93.67 98.75
4 SOGRPR 1 2/18/2070 1.00% 02/18/70 -4.78% 99.51 104.50
5 GRWASH 3.545 9/15/2046 3.55% 09/15/46 -4.38% 106.22 111.08
6 PRUFIN 6.25 10/20/2068 6.25% 10/20/68 -4.37% 129.52 135.44
7 EU 0.3 11/4/2050 0.30% 11/04/50 -4.20% 95.43 99.61
8 ROMGB 4.75 10/11/2034 4.75% 10/11/34 -4.11% 109.35 114.04
9 PERU 2.78 12/1/2060 2.78% 12/01/60 -3.99% 88.09 91.75
10 WILDLF 3.414 8/1/2050 3.41% 08/01/50 -3.95% 98.03 102.07

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 2/12/21 – 2/19/21

RANK NAME CHANGE YLD YLD-1W
1 Energy: Electricity -165 bps -1.03% 0.63%
2 Metals & Mining -78 bps 6.24% 7.02%
3 High Tech Industries -44 bps 0.47% 0.91%
4 Transportation: Cargo -41 bps 0.80% 1.20%
5 Aerospace & Defense -37 bps 1.46% 1.83%
6 Capital Equipment -32 bps 0.30% 0.62%
7 Media: Diversified & Production -32 bps 0.88% 1.20%
8 Construction & Building -23 bps 0.59% 0.81%
9 Healthcare & Pharmaceuticals -22 bps 0.51% 0.73%
10 Hotel, Gaming & Leisure -18 bps 2.73% 2.90%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 2/12/21 – 2/19/21

RANK NAME CHANGE YLD YLD-1W
1 Wholesale 70 bps 1.66% 0.95%
2 Sovereign & Public Finance 57 bps 1.01% 0.43%
3 Utilities: Water 34 bps 1.01% 0.67%
4 Environmental Industries 33 bps 0.97% 0.63%
5 Services: Consumer 27 bps 2.76% 2.49%
6 Real Estate 24 bps 1.49% 1.25%
7 Chemicals, Plastics & Rubber 21 bps 1.18% 0.97%
8 Utilities: Oil & Gas 20 bps 1.34% 1.14%
9 Consumer Goods: Durable 20 bps 1.44% 1.24%
10 Media: Broadcasting & Subscription 17 bps 1.26% 1.09%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 2/12/21 – 2/19/21

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

IG_Industry WL 5Yr

Sentiment

Reveals the percent of IG Corps increasing in price (advancers) vs. IG Corps decreasing in price (decliners) between 2/12/21 – 2/19/21

IG_Sentiment

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 2/12/21 vs. the week ending 2/19/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 KMI 3.6 2/15/2051 3.60% 02/15/51 182 283 101 55%
2 EXOIM 0.875 1/19/2031 0.88% 01/19/31 58 147 89 153%
3 COP 4.3 8/15/2028 144A 4.30% 08/15/28 89 169 80 90%
4 COP 3.75 10/1/2027 144A 3.75% 10/01/27 86 160 74 86%
5 FLUVIU 0.25 12/2/2030 0.25% 12/02/30 56 127 71 127%
6 FIREIT 0.579 1/29/2031 0.58% 01/29/31 52 122 70 135%
7 NATUEN 0.905 1/22/2031 0.91% 01/22/31 53 122 69 130%
8 ESSITY 0.25 2/8/2031 0.25% 02/08/31 75 129 54 72%
9 NSANY 3.201 9/17/2028 144A 3.20% 09/17/28 38 90 52 137%
10 GLJGR 1.125 2/2/2022 1.13% 02/02/22 117 167 50 43%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 2/12/21 – 2/19/21

RANK TRANCHE COUPON MATURITY DEALERS
1 XOM 2.61 10/15/2030 2.61% 10/15/30 38
2 DIS 2.65 1/13/2031 2.65% 01/13/31 36
3 AAPL 1.2 2/8/2028 1.20% 02/08/28 36
4 XOM 2.992 3/19/2025 2.99% 03/19/25 35
5 INTC 3.9 3/25/2030 3.90% 03/25/30 35
6 CVS 5.05 3/25/2048 5.05% 03/25/48 35
7 BMO 1.85 5/1/2025 1.85% 05/01/25 35
8 AVGO 2.45 2/15/2031 144A 2.45% 02/15/31 34
9 GM 1.25 1/8/2026 1.25% 01/08/26 34
10 AAPL 1.65 2/8/2031 1.65% 02/08/31 34

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 2/12/21 – 2/19/21

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

IG_BO Industry

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 2/12/21 – 2/19/21

IG_BO Volume

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