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Investment Grade Corporate Bond Market Summary:
Week Ending 7/9/21

Our newsletter presents key trends derived from observable 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 7/2/21 – 7/9/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 RAGB 0.85 6/30/2020 0.85% 06/30/20 6.64% 97.43 91.36
2 SLOREP 0.6875 3/3/2081 0.69% 03/03/81 5.33% 90.25 85.69
3 WR 4.3 7/15/2044 4.30% 07/15/44 4.90% 120.00 114.40
4 HPCOM 5.86 9/15/2053 5.86% 09/15/53 3.96% 136.01 130.83
5 KEL 1.7085 2/1/2058 1.71% 02/01/58 3.96% 208.33 200.39
6 KFW 0 6/29/2037 0.00% 06/29/37 3.57% 76.01 73.39
7 CAMBRG 2.35 6/27/2078 2.35% 06/27/78 3.56% 142.81 137.89
8 UKMBAS 1.625 8/26/2060 1.63% 08/26/60 3.38% 96.83 93.67
9 NZGB 1.75 5/15/2041 1.75% 05/15/41 3.32% 90.83 87.91
10 PPL 1.541 12/1/2056 1.54% 12/01/56 3.16% 193.11 187.20

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 7/2/21 – 7/9/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 MRWLN 4.75 7/4/2029 4.75% 07/04/29 -7.15% 102.31 110.19
2 ACAFP 4.4 7/6/2027 4.40% 07/06/27 -3.91% 113.68 118.30
3 ESSGR 3.625 2/13/2023 3.63% 02/13/23 -3.86% 91.28 94.94
4 COSTER 6.75 1/15/2034 6.75% 01/15/34 -3.80% 101.62 105.63
5 PERU 6.7142 2/12/2055 6.71% 02/12/55 -3.61% 98.29 101.97
6 BHI 6.875 1/15/2029 6.88% 01/15/29 -2.46% 129.41 132.67
7 KREITS 3.15 PERP 3.15% 09/11/99 -2.36% 96.49 98.82
8 SINOCE 4.75 1/14/2030 4.75% 01/14/30 -1.90% 99.46 101.38
9 ROMANI 2.625 12/2/2040 REGS 2.63% 12/02/40 -1.61% 97.51 99.11
10 CCL 7.625 3/1/2026 7.63% 03/01/26 -1.57% 108.60 110.34

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 7/2/21 – 7/9/21

RANK NAME CHANGE YLD YLD-1W
1 Energy: Electricity -40 bps 0.73% 1.13%
2 Services: Consumer -38 bps 1.85% 2.24%
3 Transportation: Cargo -18 bps 1.22% 1.40%
4 Metals & Mining -11 bps 1.39% 1.50%
5 Containers, Packaging, & Glass -11 bps 0.97% 1.08%
6 Forest Products & Paper -10 bps 0.94% 1.04%
7 Insurance -10 bps 1.27% 1.37%
8 Consumer Goods: Non-Durable -10 bps 1.05% 1.15%
9 Chemicals, Plastics & Rubber -10 bps 1.32% 1.41%
10 Wholesale -9 bps 1.53% 1.62%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 7/2/21 – 7/9/21

RANK NAME CHANGE YLD YLD-1W
1 Sovereign & Public Finance 43 bps 1.24% 0.82%
2 Consumer Goods: Durable 22 bps 1.03% 0.81%
3 Environmental Industries 17 bps 1.17% 1.00%
4 Real Estate 16 bps 1.65% 1.49%
5 Transportation: Consumer 10 bps 2.05% 1.95%
6 Media: Diversified & Production 10 bps 1.24% 1.15%
7 Media: Advertising, Printing & Publishing 10 bps 0.80% 0.71%
8 Finance 9 bps 1.42% 1.33%
9 Banking 7 bps 1.24% 1.17%
10 Beverage, Food & Tobacco 3 bps 1.01% 0.98%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 7/2/21 – 7/9/21

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

IG_Industry WL 5Yr_7.12.21

Sentiment

Reveals the percent of IG Corps increasing in price (advancers) vs. IG Corps decreasing in price (decliners) between 7/2/21 – 7/9/21

IG_Sentiment NoTitle_7.12.21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 7/2/21 vs. the week ending 7/9/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CRM 1.5 7/15/2028 1.50% 07/15/28 103 255 152 148%
2 CRM 1.95 7/15/2031 1.95% 07/15/31 126 276 150 119%
3 CRM 2.7 7/15/2041 2.70% 07/15/41 117 262 145 124%
4 CRM 0.625 7/15/2024 0.63% 07/15/24 76 174 98 129%
5 SOCGEN 0.25 2/25/2027 0.25% 02/25/27 18 105 87 483%
6 CHMINV 3.8 8/2/2021 3.80% 08/02/21 16 68 52 325%
7 ENBCN 2.5 8/1/2033 2.50% 08/01/33 232 275 43 19%
8 BMO 0 6/28/2022 0.20% 06/28/22 18 56 38 211%
9 ENBCN 3.4 8/1/2051 3.40% 08/01/51 218 255 37 17%
10 ENXFP 1.125 6/12/2029 1.13% 06/12/29 130 165 35 27%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 7/2/21 – 7/9/21

RANK TRANCHE COUPON MATURITY DEALERS
1 T 2.75 6/1/2031 2.75% 06/01/31 38
2 UNH 2.3 5/15/2031 2.30% 05/15/31 35
3 T 2.25 2/1/2032 2.25% 02/01/32 35
4 AAPL 1.65 2/8/2031 1.65% 02/08/31 35
5 ABBV 4.25 11/21/2049 4.25% 11/21/49 34
6 AMZN 1 5/12/2026 1.00% 05/12/26 34
7 DUK 2.55 6/15/2031 2.55% 06/15/31 34
8 ORCL 3.95 3/25/2051 3.95% 03/25/51 34
9 INTC 4.75 3/25/2050 4.75% 03/25/50 33
10 XOM 2.61 10/15/2030 2.61% 10/15/30 33

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 7/2/21 – 7/9/21

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

IG_BO Industry_7.12.21

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/2/21 – 7/9/21

IG_BO Volume_7.12.21

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