GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Investment Grade Corporate Bond Market Summary:
Week Ending 8/27/21

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

Quick Links

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 8/20/21 – 8/27/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CCAMCL 4.75 12/4/2037 4.75% 12/04/37 8.89% 109.87 100.90
2 DLDETA 5.95 7/29/2022 5.95% 07/29/22 3.92% 93.00 89.50
3 BPL 6.75 8/15/2033 6.75% 08/15/33 3.13% 112.57 109.16
4 PEMEX 5.625 1/23/2046 5.63% 01/23/46 2.70% 81.27 79.13
5 YUNINV 6.25 3/5/2022 6.25% 03/05/22 2.45% 97.04 94.72
6 ABXCN 6.375 3/1/2033 6.38% 03/01/33 2.36% 130.83 127.81
7 COLOM 3.875 2/15/2061 3.88% 02/15/61 2.32% 87.58 85.59
8 PCG 5.25 7/1/2030 5.25% 07/01/30 2.30% 97.73 95.53
9 INTMAT 6.5 8/1/2029 144A 6.50% 08/01/29 1.78% 100.88 99.12
10 INDOGB 7.5 6/15/2035 7.50% 06/15/35 1.77% 106.22 104.37

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 8/20/21 – 8/27/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 RAGB 0.85 6/30/2020 0.85% 06/30/20 -6.35% 99.49 106.23
2 SLOREP 0.6875 3/3/2081 0.69% 03/03/81 -5.83% 96.41 102.37
3 EDF 2 12/9/2049 2.00% 12/09/49 -3.56% 110.67 114.75
4 LLY 1.7 11/1/2049 1.70% 11/01/49 -3.42% 115.85 119.95
5 ANNGR 1 1/28/2041 1.00% 01/28/41 -3.24% 93.88 97.03
6 DBHNGR 0.625 12/8/2050 0.63% 12/08/50 -3.21% 93.13 96.23
7 IBRD 0.2 1/21/2061 0.20% 01/21/61 -3.15% 90.85 93.80
8 MDT 1.625 10/15/2050 1.63% 10/15/50 -3.10% 104.91 108.27
9 PEP 1.05 10/9/2050 1.05% 10/09/50 -3.09% 101.61 104.85
10 LNT 4.1 10/15/2044 4.10% 10/15/44 -2.77% 116.71 120.04

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 8/20/21 – 8/27/21

RANK NAME CHANGE YLD YLD-1W
1 Hotel, Gaming & Leisure -49 bps 2.57% 3.06%
2 Energy: Electricity -39 bps 0.64% 1.03%
3 Services: Consumer -26 bps 2.14% 2.40%
4 Media: Diversified & Production -23 bps 1.15% 1.38%
5 Transportation: Consumer -16 bps 1.90% 2.07%
6 Services: Business -7 bps 0.60% 0.67%
7 Aerospace & Defense -5 bps 1.50% 1.55%
8 Metals & Mining -4 bps 1.49% 1.53%
9 Telecommunications -3 bps 0.99% 1.03%
10 Environmental Industries -3 bps 1.19% 1.23%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 8/20/21 – 8/27/21

RANK NAME CHANGE YLD YLD-1W
1 Sovereign & Public Finance 21 bps 0.97% 0.75%
2 Chemicals, Plastics & Rubber 21 bps 1.58% 1.37%
3 Beverage, Food & Tobacco 19 bps 1.17% 0.98%
4 Banking 19 bps 1.27% 1.09%
5 Construction & Building 18 bps 1.01% 0.83%
6 Utilities: Oil & Gas 14 bps 1.36% 1.22%
7 Real Estate 13 bps 1.69% 1.56%
8 Retail 13 bps 1.57% 1.44%
9 Consumer Goods: Durable 12 bps 1.03% 0.91%
10 Forest Products & Paper 10 bps 0.98% 0.88%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 8/20/21 – 8/27/21

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 8/20/21 – 8/27/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 8/20/21 vs. the week ending 8/27/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ENELIM 2.25 7/12/2031 REGS 2.25% 07/12/31 40 102 62 155%
2 WBA 3.3 11/18/2021 3.30% 11/18/21 85 133 48 56%
3 BMW 0 8/12/2024 REGS 0.43% 08/12/24 35 78 43 123%
4 TOYOTA 0 8/15/2022 0.20% 08/15/22 8 51 43 538%
5 SANUSA 4.45 12/3/2021 4.45% 12/03/21 68 107 39 57%
6 AAPL 2.7 8/5/2051 2.70% 08/05/51 355 393 38 11%
7 AMT 2.95 1/15/2051 2.95% 01/15/51 213 250 37 17%
8 TFC 3.625 9/16/2025 3.63% 09/16/25 178 214 36 20%
9 NKE 2.4 3/27/2025 2.40% 03/27/25 140 175 35 25%
10 TFC 3 2/2/2023 3.00% 02/02/23 152 186 34 22%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 8/20/21 – 8/27/21

RANK TRANCHE COUPON MATURITY DEALERS
1 AAPL 1.65 2/8/2031 1.65% 02/08/31 41
2 AMZN 2.1 5/12/2031 2.10% 05/12/31 40
3 AAPL 1.7 8/5/2031 1.70% 08/05/31 40
4 AAPL 1.4 8/5/2028 1.40% 08/05/28 39
5 VZ 3.55 3/22/2051 3.55% 03/22/51 39
6 AAPL 2.85 8/5/2061 2.85% 08/05/61 38
7 T 2.75 6/1/2031 2.75% 06/01/31 38
8 AAPL 2.7 8/5/2051 2.70% 08/05/51 38
9 VZ 2.55 3/21/2031 2.55% 03/21/31 38
10 AAPL 1.2 2/8/2028 1.20% 02/08/28 37

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 8/20/21 – 8/27/21

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 8/20/21 – 8/27/21

Stay up-to-date with weekly summaries.

Read the latest from our team

Evergrande Bond Prices Falling Since May
Read More >

Reorg and Solve Advisors Announce Integration Partnership
Read More >

See more market insights and news from Solve in our Market Pulse.

SEE MORE