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Investment Grade Corporate Bond Market Summary:
Week Ending 8/20/21

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 8/13/21 – 8/20/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 YUNMET 5.5 4/8/2022 5.50% 04/08/22 13.44% 76.83 67.73
2 CCAMCL 5 2/8/2048 5.00% 02/08/48 7.70% 116.30 107.99
3 ORIEAS 2.75 11/17/2030 2.75% 11/17/30 5.36% 97.60 92.63
4 BOSCOL 3.042 7/1/2057 3.04% 07/01/57 5.21% 107.84 102.50
5 PTTTB 3.7 7/16/2070 REGS 3.70% 07/16/70 5.11% 104.05 98.99
6 UPENN 4.674 9/1/2112 4.67% 09/01/12 4.86% 147.83 140.98
7 TXHLTH 2.328 11/15/2050 2.33% 11/15/50 4.56% 94.42 90.30
8 CHGDNU 4.8 9/11/2048 4.80% 09/11/48 4.49% 118.88 113.77
9 DOW 7.75 10/1/2096 7.75% 10/01/96 4.38% 187.05 179.20
10 EIX 0.861 11/15/2031 0.86% 11/15/31 4.22% 98.52 94.53

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 8/13/21 – 8/20/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 BPL 6.75 8/15/2033 6.75% 08/15/33 -3.16% 109.16 112.72
2 PERU 6.35 8/12/2028 6.35% 08/12/28 -3.03% 101.55 104.73
3 PEMEX 6.95 1/28/2060 6.95% 01/28/60 -2.83% 85.57 88.07
4 ALIPE 6.875 4/17/2027 REGS 6.88% 04/17/27 -2.44% 100.21 102.72
5 PTEN 3.95 2/1/2028 3.95% 02/01/28 -2.30% 97.03 99.32
6 INTERF 0 11/30/2025 0.00% 11/30/25 -2.22% 92.52 94.62
7 HELLA 1 5/17/2024 1.00% 05/17/24 -2.11% 100.46 102.62
8 CCL 7.625 3/1/2026 144A 7.63% 03/01/26 -1.95% 104.76 106.84
9 MDT 1.75 7/2/2049 1.75% 07/02/49 -1.53% 110.22 111.93
10 SUNTOR 2.25 10/16/2024 144A 2.25% 10/16/24 -1.51% 103.66 105.25

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 8/13/21 – 8/20/21

RANK NAME CHANGE YLD YLD-1W
1 Transportation: Cargo -24 bps 1.34% 1.58%
2 Media: Advertising, Printing & Publishing -17 bps 0.69% 0.86%
3 Construction & Building -14 bps 0.84% 0.97%
4 Services: Consumer -10 bps 2.04% 2.14%
5 Aerospace & Defense -8 bps 1.60% 1.69%
6 Insurance -6 bps 1.23% 1.29%
7 Wholesale -4 bps 1.36% 1.40%
8 Forest Products & Paper -2 bps 0.87% 0.89%
9 Healthcare & Pharmaceuticals -2 bps 1.00% 1.02%
10 Containers, Packaging, & Glass -1 bps 0.94% 0.96%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 8/13/21 – 8/20/21

RANK NAME CHANGE YLD YLD-1W
1 Energy: Electricity 38 bps 1.03% 0.66%
2 Media: Diversified & Production 27 bps 1.43% 1.16%
3 Hotel, Gaming & Leisure 22 bps 3.05% 2.83%
4 Beverage, Food & Tobacco 20 bps 1.19% 0.99%
5 Consumer Goods: Non-Durable 20 bps 1.19% 0.99%
6 Capital Equipment 16 bps 0.81% 0.66%
7 Sovereign & Public Finance 15 bps 0.97% 0.82%
8 Transportation: Consumer 15 bps 2.07% 1.93%
9 Environmental Industries 7 bps 1.23% 1.16%
10 Utilities: Oil & Gas 6 bps 1.29% 1.22%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 8/13/21 – 8/20/21

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 8/13/21 – 8/20/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 8/13/21 vs. the week ending 8/20/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 AMGN 2 1/15/2032 2.00% 01/15/32 245 332 87 36%
2 VENTGL 3.875 8/15/2029 144A 3.88% 08/15/29 53 136 83 157%
3 AMGN 2.8 8/15/2041 2.80% 08/15/41 204 283 79 39%
4 RPRX 2.2 9/2/2030 2.20% 09/02/30 66 136 70 106%
5 AMGN 1.65 8/15/2028 1.65% 08/15/28 201 269 68 34%
6 AEP 2.75 8/15/2051 2.75% 08/15/51 160 227 67 42%
7 VZ 0 3/20/2026 1.45% 03/20/26 284 347 63 22%
8 CAH 2.616 6/15/2022 2.62% 06/15/22 110 169 59 54%
9 CMS 2.65 8/15/2052 2.65% 08/15/52 161 216 55 34%
10 FABUH 0 7/21/2024 0.62% 07/21/24 8 62 54 675%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 8/13/21 – 8/20/21

RANK TRANCHE COUPON MATURITY DEALERS
1 AAPL 1.65 2/8/2031 1.65% 02/08/31 40
2 AMZN 3.1 5/12/2051 3.10% 05/12/51 39
3 AAPL 1.7 8/5/2031 1.70% 08/05/31 39
4 AMZN 2.1 5/12/2031 2.10% 05/12/31 39
5 VZ 3.55 3/22/2051 3.55% 03/22/51 39
6 VZ 2.55 3/21/2031 2.55% 03/21/31 38
7 AAPL 2.65 2/8/2051 2.65% 02/08/51 38
8 T 2.75 6/1/2031 2.75% 06/01/31 37
9 T 2.25 2/1/2032 2.25% 02/01/32 37
10 AAPL 1.4 8/5/2028 1.40% 08/05/28 37

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 8/13/21 – 8/20/21

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 8/13/21 – 8/20/21

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