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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.

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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 2/19/21 – 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

IG_Industry WL 5Yr

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

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 2/19/21 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

IG_BO Industry

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 2/19/21 – 2/26/21

IG_BO Volume

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