Corporates
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Investment Grade Corporate Bond Market Summary:
Week Ending 2/26/21
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 2/19/21 – 2/26/21
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | BJHAIG 4.3 10/8/2022 | 4.30% | 10/08/22 | 21.35% | 79.91 | 65.85 |
2 | WPG 5.95 8/15/2024 | 5.95% | 08/15/24 | 12.44% | 70.05 | 62.30 |
3 | GLJGR 1.423 5/15/2025 | 1.42% | 05/15/25 | 9.11% | 87.02 | 79.75 |
4 | GLOG 0 11/27/2024 | 6.69% | 11/27/24 | 7.14% | 104.19 | 97.25 |
5 | NEE 0 7/28/2023 | 0.56% | 07/28/23 | 6.29% | 99.03 | 93.17 |
6 | POSAV 5.5 PERP | 5.50% | 02/06/99 | 6.10% | 90.60 | 85.39 |
7 | TWX 4.85 7/15/2045 | 4.85% | 07/15/45 | 4.03% | 106.21 | 102.09 |
8 | FLR 1.75 3/21/2023 | 1.75% | 03/21/23 | 2.84% | 98.23 | 95.51 |
9 | UMBRIA 0 3/26/2031 | 0.00% | 03/26/31 | 2.79% | 92.00 | 89.50 |
10 | ERAFP 4.196 2/28/2024 | 4.20% | 02/28/24 | 2.49% | 97.53 | 95.16 |
Top 10 Losers
Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 2/19/21 – 2/26/21
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | AESGEN 4.56 4/30/2025 | 4.56% | 04/30/25 | -9.04% | 82.49 | 90.69 |
2 | PEPPER 3.301 12/1/2059 | 3.30% | 12/01/59 | -8.81% | 99.98 | 109.64 |
3 | PENOMX 4.75 8/6/2050 REGS | 4.75% | 08/06/50 | -7.35% | 103.48 | 111.68 |
4 | OGS 4.658 2/1/2044 | 4.66% | 02/01/44 | -6.83% | 118.55 | 127.24 |
5 | BRKHEC 1.875 6/16/2062 | 1.88% | 06/16/62 | -6.75% | 91.86 | 98.51 |
6 | INDON 4.45 4/15/2070 | 4.45% | 04/15/70 | -6.45% | 110.52 | 118.14 |
7 | BRK 2.625 6/19/2059 | 2.63% | 06/19/59 | -6.37% | 113.21 | 120.91 |
8 | OGS 4.5 11/1/2048 | 4.50% | 11/01/48 | -6.34% | 117.98 | 125.97 |
9 | PERU 2.78 12/1/2060 | 2.78% | 12/01/60 | -6.27% | 82.57 | 88.09 |
10 | CHILE 3.1 1/22/2061 | 3.10% | 01/22/61 | -6.26% | 90.58 | 96.64 |
Top 10 Industry Winners
Showcases the top 10 IG industry “winners” based on the largest yield increases between 2/19/21 – 2/26/21
RANK | NAME | CHANGE | YLD | YLD-1W |
1 | Services: Consumer | -92 bps | 1.81% | 2.73% |
2 | Metals & Mining | -26 bps | 5.99% | 6.25% |
3 | Chemicals, Plastics & Rubber | 0 bps | 1.32% | 1.32% |
4 | Transportation: Cargo | 6 bps | 0.93% | 0.87% |
5 | Wholesale | 7 bps | 1.72% | 1.65% |
6 | Retail | 8 bps | 1.18% | 1.10% |
7 | Transportation: Consumer | 8 bps | 2.08% | 2.00% |
8 | Consumer Goods: Non-Durable | 9 bps | 0.96% | 0.87% |
9 | Services: Business | 9 bps | 0.84% | 0.75% |
10 | Media: Advertising, Printing & Publishing | 10 bps | 0.45% | 0.35% |
Top 10 Industry Losers
Showcases the top 10 IG industry “losers” based on the largest yield decreases between 2/19/21 – 2/26/21
RANK | NAME | CHANGE | YLD | YLD-1W |
1 | Capital Equipment | 80 bps | 1.10% | 0.30% |
2 | Sovereign & Public Finance | 65 bps | 1.21% | 0.56% |
3 | Media: Diversified & Production | 51 bps | 1.40% | 0.88% |
4 | Media: Broadcasting & Subscription | 41 bps | 1.60% | 1.19% |
5 | Environmental Industries | 35 bps | 1.14% | 0.79% |
6 | Energy: Electricity | 33 bps | -0.69% | -1.02% |
7 | Utilities: Oil & Gas | 30 bps | 1.47% | 1.17% |
8 | Construction & Building | 29 bps | 1.00% | 0.71% |
9 | Hotel, Gaming & Leisure | 29 bps | 3.00% | 2.71% |
10 | Telecommunications | 28 bps | 1.25% | 0.97% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 2/19/21 – 2/26/21
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 2/19/21 – 2/26/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 2/19/21 vs. the week ending 2/26/21
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | SANTAN 0.2 2/11/2028 | 0.20% | 02/11/28 | 28 | 173 | 145 | 518% |
2 | REPHUN 1.5 11/17/2050 | 1.50% | 11/17/50 | 28 | 165 | 137 | 489% |
3 | LBBW 0.375 2/21/2031 | 0.38% | 02/21/31 | 24 | 156 | 132 | 550% |
4 | RUSSIA 1.85 11/20/2032 | 1.85% | 11/20/32 | 28 | 152 | 124 | 443% |
5 | ROMANI 1.375 12/2/2029 REGS | 1.38% | 12/02/29 | 27 | 150 | 123 | 456% |
6 | RUSSIA 1.125 11/20/2027 | 1.13% | 11/20/27 | 26 | 142 | 116 | 446% |
7 | MEX 1.45 10/25/2033 | 1.45% | 10/25/33 | 21 | 135 | 114 | 543% |
8 | MEX 2.125 10/25/2051 | 2.13% | 10/25/51 | 16 | 124 | 108 | 675% |
9 | MEX 1.35 9/18/2027 | 1.35% | 09/18/27 | 16 | 120 | 104 | 650% |
10 | CCBGBB 0.125 2/8/2028 | 0.13% | 02/08/28 | 26 | 130 | 104 | 400% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 2/19/21 – 2/26/21
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | AAPL 1.2 2/8/2028 | 1.20% | 02/08/28 | 37 |
2 | SVELEV 1.8 2/10/2031 144A | 1.80% | 02/10/31 | 37 |
3 | XOM 2.61 10/15/2030 | 2.61% | 10/15/30 | 37 |
4 | CVS 1.875 2/28/2031 | 1.88% | 02/28/31 | 36 |
5 | DIS 2.65 1/13/2031 | 2.65% | 01/13/31 | 35 |
6 | IBM 1.95 5/15/2030 | 1.95% | 05/15/30 | 35 |
7 | CVS 5.05 3/25/2048 | 5.05% | 03/25/48 | 35 |
8 | ORCL 2.95 4/1/2030 | 2.95% | 04/01/30 | 34 |
9 | AAPL 2.65 2/8/2051 | 2.65% | 02/08/51 | 34 |
10 | CCI 2.1 4/1/2031 | 2.10% | 04/01/31 | 34 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 2/19/21 – 2/26/21
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 2/19/21 – 2/26/21
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