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Investment Grade Corporate Bond Market Summary:
Week Ending 7/16/21

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 7/9/21 – 7/16/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 DOW 7.75 10/1/2096 7.75% 10/01/96 8.05% 178.77 165.45
2 HRINTH 4.25 PERP 4.25% 09/30/99 7.47% 52.69 49.03
3 GGICS 9.5 12/18/2032 REGS 9.50% 12/18/32 5.60% 72.90 69.04
4 MOLISE 0 12/15/2033 0.00% 12/15/33 5.19% 75.52 71.80
5 SLVBCK 3.7529 5/25/2039 3.75% 05/25/39 3.50% 104.35 100.83
6 CARGIL 7.25 11/1/2036 7.25% 11/01/36 3.46% 142.87 138.09
7 RAGB 0.85 6/30/2020 0.85% 06/30/20 3.18% 100.52 97.43
8 FDX 7.6 7/1/2097 7.60% 07/01/97 3.05% 178.61 173.32
9 CCAPGR 3.5 4/15/2023 3.50% 04/15/23 2.99% 88.51 85.95
10 LYB 3.8 10/1/2060 3.80% 10/01/60 2.83% 109.02 106.02

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 7/9/21 – 7/16/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PTTGC 4.3 3/18/2051 REGS 4.30% 03/18/51 -2.58% 108.04 110.90
2 TELEFO 7.375 4/10/2027 REGS 7.38% 04/10/27 -2.33% 94.75 97.01
3 UFS 6.25 9/1/2042 6.25% 09/01/42 -2.29% 107.32 109.83
4 AESGEN 5.5 5/14/2027 REGS 5.50% 05/14/27 -1.99% 100.11 102.14
5 ROMGB 4.25 4/28/2036 4.25% 04/28/36 -1.82% 98.20 100.02
6 TOPTB 4.625 11/20/2028 144A 4.63% 11/20/28 -1.61% 112.75 114.60
7 DTE 6.625 6/1/2036 6.63% 06/01/36 -1.55% 146.37 148.68
8 LMT 7.75 5/1/2026 7.75% 05/01/26 -1.43% 127.86 129.72
9 ETR 5 7/15/2044 5.00% 07/15/44 -1.39% 109.81 111.35
10 PEMEX 6.95 1/28/2060 6.95% 01/28/60 -1.32% 88.52 89.70

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 7/9/21 – 7/16/21

RANK NAME CHANGE YLD YLD-1W
1 Media: Diversified & Production -18 bps 1.06% 1.25%
2 Hotel, Gaming & Leisure -16 bps 2.70% 2.86%
3 Services: Consumer -12 bps 1.76% 1.88%
4 Transportation: Consumer -7 bps 1.97% 2.05%
5 Forest Products & Paper -6 bps 0.94% 1.00%
6 Automotive -5 bps 0.96% 1.01%
7 Services: Business -3 bps 0.76% 0.79%
8 Telecommunications -3 bps 1.02% 1.05%
9 Construction & Building -2 bps 1.10% 1.12%
10 Insurance -2 bps 1.30% 1.32%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 7/9/21 – 7/16/21

RANK NAME CHANGE YLD YLD-1W
1 Containers, Packaging, & Glass 64 bps 1.62% 0.98%
2 Sovereign & Public Finance 41 bps 1.27% 0.86%
3 Energy: Electricity 40 bps 1.13% 0.74%
4 Banking 17 bps 1.28% 1.11%
5 Environmental Industries 16 bps 1.15% 0.99%
6 Transportation: Cargo 15 bps 1.39% 1.24%
7 Metals & Mining 14 bps 1.57% 1.43%
8 Finance 14 bps 1.41% 1.27%
9 Utilities: Water 11 bps 1.09% 0.98%
10 Utilities: Oil & Gas 8 bps 1.25% 1.17%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 7/9/21 – 7/16/21

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

IG_Industry WL 5Yr_7.19.21

Sentiment

Reveals the percent of IG Corps increasing in price (advancers) vs. IG Corps decreasing in price (decliners) between 7/9/21 – 7/16/21

IG_Sentiment NoTitle_7.19.21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 7/921 vs. the week ending 7/16/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ORAFP 0 6/29/2026 0.00% 06/29/26 146 205 59 40%
2 ENELIM 1.375 6/1/2026 1.38% 06/01/26 214 262 48 22%
3 NWUNI 2.64 12/1/2050 2.64% 12/01/50 59 102 43 73%
4 CRM 1.95 7/15/2031 1.95% 07/15/31 276 318 42 15%
5 MIZUHO 1.241 7/10/2024 1.24% 07/10/24 190 230 40 21%
6 MASSIN 2.989 7/1/2050 2.99% 07/01/50 65 105 40 62%
7 MUFG 3.761 7/26/2023 3.76% 07/26/23 203 241 38 19%
8 SBUX 2 3/12/2027 2.00% 03/12/27 190 226 36 19%
9 SYY 6.6 4/1/2050 6.60% 04/01/50 187 222 35 19%
10 AL 0.7 2/15/2024 0.70% 02/15/24 172 206 34 20%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 7/9/21 – 7/16/21

RANK TRANCHE COUPON MATURITY DEALERS
1 T 2.75 6/1/2031 2.75% 06/01/31 39
2 VZ 2.55 3/21/2031 2.55% 03/21/31 38
3 VZ 3.55 3/22/2051 3.55% 03/22/51 36
4 AMZN 2.1 5/12/2031 2.10% 05/12/31 36
5 LOW 2.625 4/1/2031 2.63% 04/01/31 35
6 AMZN 3.1 5/12/2051 3.10% 05/12/51 35
7 UNH 2.3 5/15/2031 2.30% 05/15/31 35
8 T 2.25 2/1/2032 2.25% 02/01/32 35
9 ABBV 4.25 11/21/2049 4.25% 11/21/49 35
10 UNH 3.25 5/15/2051 3.25% 05/15/51 35

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 7/9/21 – 7/16/21

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

IG_BO Industry_7.19.21

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/9/21 – 7/16/21

IG_BO Volume_7.19.21

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