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Investment Grade Corporate Bond Market Summary:
Week Ending 6/4/21

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 5/28/21 – 6/4/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 ZYAMCL 4.2 11/29/2022 4.20% 11/29/22 7.86% 81.75 75.80
2 HAOHUA 3.7 9/22/2050 3.70% 09/22/50 7.41% 88.09 82.01
3 HRINTH 4.25 PERP 4.25% 09/30/99 7.01% 52.01 48.60
4 MON 4.4 7/15/2044 4.40% 07/15/44 6.22% 104.67 98.55
5 ENELGX 7.875 2/1/2027 7.88% 02/01/27 3.72% 124.43 119.98
6 TELVIS 7.25 5/14/2043 7.25% 05/14/43 3.38% 76.14 73.65
7 WPG 5.95 8/15/2024 5.95% 08/15/24 3.37% 63.35 61.28
8 KLMAIR 5.75 PERP 5.75% 05/29/49 3.25% 97.61 94.54
9 SLOREP 0.6875 3/3/2081 0.69% 03/03/81 2.83% 79.23 77.05
10 PERLNG 5.375 3/22/2030 REGS 5.38% 03/22/30 2.67% 80.92 78.81

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 5/28/21 – 6/4/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CCAMCL 3 3/18/2027 3.00% 03/18/27 -2.84% 96.85 99.68
2 GRWALL 3.875 8/31/2027 3.88% 08/31/27 -2.51% 102.15 104.78
3 ORIEAS 1.875 11/17/2025 1.88% 11/17/25 -2.06% 95.51 97.52
4 OXUNIV 2.544 12/8/2017 2.54% 12/08/17 -1.73% 121.18 123.32
5 AEGON 1.506 PERP 1.51% 06/29/49 -1.67% 93.34 94.93
6 SCHW 3.2 1/25/2028 3.20% 01/25/28 -1.49% 108.96 110.61
7 GBHK 1.89 3/2/2032 1.89% 03/02/32 -1.39% 103.69 105.14
8 KSA 4.5 10/26/2046 4.50% 10/26/46 -1.30% 112.94 114.44
9 CNL 6 12/1/2040 6.00% 12/01/40 -1.20% 131.13 132.72
10 PCG 5.25 7/1/2030 5.25% 07/01/30 -1.16% 99.69 100.86

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 5/28/21 – 6/4/21

RANK NAME CHANGE YLD YLD-1W
1 Media: Advertising, Printing & Publishing -24 bps 0.73% 0.97%
2 Consumer Goods: Durable -17 bps 0.66% 0.83%
3 Hotel, Gaming & Leisure -14 bps 2.74% 2.88%
4 Beverage, Food & Tobacco -11 bps 0.96% 1.07%
5 Transportation: Consumer -10 bps 1.96% 2.05%
6 Construction & Building -9 bps 1.16% 1.25%
7 Automotive -8 bps 1.02% 1.10%
8 Utilities: Electric -8 bps 1.18% 1.26%
9 Metals & Mining -7 bps 1.50% 1.57%
10 Aerospace & Defense -7 bps 1.83% 1.90%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 5/28/21 – 6/4/21

RANK NAME CHANGE YLD YLD-1W
1 Sovereign & Public Finance 43 bps 1.28% 0.85%
2 Media: Diversified & Production 28 bps 1.42% 1.14%
3 Real Estate 21 bps 1.74% 1.53%
4 Environmental Industries 17 bps 1.16% 0.98%
5 Finance 17 bps 1.46% 1.29%
6 Banking 14 bps 1.36% 1.22%
7 Services: Consumer 12 bps 2.08% 1.96%
8 Chemicals, Plastics & Rubber 12 bps 1.43% 1.31%
9 Utilities: Water 11 bps 1.15% 1.03%
10 Healthcare & Pharmaceuticals 9 bps 1.05% 0.96%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 5/28/21 – 6/4/21

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 5/28/21 – 6/4/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 5/28/21 vs. the week ending 6/4/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ROMANI 6.125 1/22/2044 6.13% 01/22/44 10 146 136 1360%
2 TMUS 2.55 2/15/2031 2.55% 02/15/31 105 232 127 121%
3 TMUS 2.05 2/15/2028 2.05% 02/15/28 104 227 123 118%
4 NXPI 2.5 5/11/2031 REGS 2.50% 05/11/31 41 132 91 222%
5 AXASA 6.6666 7/29/2049 6.69% 07/29/49 51 135 84 165%
6 NXPI 3.25 5/11/2041 REGS 3.25% 05/11/41 31 104 73 235%
7 TMUS 2.25 11/15/2031 2.25% 11/15/31 13 74 61 469%
8 ISPIM 2.625 6/20/2024 2.63% 06/20/24 152 204 52 34%
9 UBS 3.875 1/15/2015 3.88% 01/15/15 75 125 50 67%
10 NWDEVL 4.8 PERP 4.80% 12/09/99 94 137 43 46%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 5/28/21 – 6/4/21

RANK TRANCHE COUPON MATURITY DEALERS
1 AMZN 1 5/12/2026 1.00% 05/12/26 38
2 AMZN 1.65 5/12/2028 1.65% 05/12/28 37
3 AMZN 2.1 5/12/2031 2.10% 05/12/31 37
4 T 2.3 6/1/2027 2.30% 06/01/27 37
5 KMI 5.55 6/1/2045 5.55% 06/01/45 36
6 T 2.75 6/1/2031 2.75% 06/01/31 36
7 T 2.25 2/1/2032 2.25% 02/01/32 35
8 AMZN 1.5 6/3/2030 1.50% 06/03/30 35
9 AMZN 2.875 5/12/2041 2.88% 05/12/41 34
10 AMZN 3.1 5/12/2051 3.10% 05/12/51 34

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 5/28/21 – 6/4/21

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 5/28/21 – 6/4/21

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