Corporates
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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.
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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