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Investment Grade Corporate Bond Market Summary:
Week Ending 9/10/21

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 9/3/21 – 9/10/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 EIX 3.9 12/1/2041 3.90% 12/01/41 3.59% 104.25 100.64
2 PACLIF 9.25 6/15/2039 9.25% 06/15/39 3.08% 169.07 164.03
3 UPENN 4.674 9/1/2112 4.67% 09/01/12 2.88% 148.70 144.54
4 WMT 4.75 10/2/2043 4.75% 10/02/43 2.75% 136.35 132.70
5 PEMEX 6.35 2/12/2048 6.35% 02/12/48 2.20% 87.01 85.13
6 GLJGR 0.244 10/10/2022 0.24% 10/10/22 2.10% 97.04 95.04
7 ASH 2 1/30/2028 REGS 2.00% 01/30/28 2.02% 104.83 102.75
8 SAKAEI 4.45 5/5/2024 4.45% 05/05/24 1.95% 98.09 96.21
9 PEG 8.625 4/15/2031 8.63% 04/15/31 1.90% 160.47 157.47
10 EZJLN 1.875 3/3/2028 1.88% 03/03/28 1.89% 103.07 101.15

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 9/3/21 – 9/10/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CMI 5.65 3/1/2098 5.65% 03/01/98 -2.74% 142.45 146.45
2 PRGO 4.9 12/15/2044 4.90% 12/15/44 -2.63% 104.17 106.99
3 UU 1.585 7/12/2057 1.59% 07/12/57 -2.42% 217.87 223.27
4 SLOREP 0.6875 3/3/2081 0.69% 03/03/81 -2.23% 90.73 92.80
5 BTPCL 5 3/1/2035 5.00% 03/01/35 -2.22% 95.53 97.69
6 EXIMCH 0 10/15/2024 0.00% 10/15/24 -2.19% 100.07 102.31
7 PERUGB 5.4 8/12/2034 5.40% 08/12/34 -2.02% 86.91 88.71
8 TECD 4.95 2/15/2027 4.95% 02/15/27 -1.87% 125.65 128.04
9 KSS 6 1/15/2033 6.00% 01/15/33 -1.68% 119.54 121.59
10 ADJGR 2.25 1/14/2029 2.25% 01/14/29 -1.67% 94.53 96.14

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 9/3/21 – 9/10/21

RANK NAME CHANGE YLD YLD-1W
1 Media: Advertising, Printing & Publishing -43 bps 0.61% 1.03%
2 Capital Equipment -32 bps 0.87% 1.18%
3 Services: Consumer -25 bps 2.13% 2.38%
4 Services: Business -16 bps 0.57% 0.73%
5 Transportation: Cargo -11 bps 1.33% 1.44%
6 Banking -10 bps 1.17% 1.27%
7 Finance -8 bps 1.28% 1.36%
8 Insurance -7 bps 1.33% 1.40%
9 Containers, Packaging, & Glass -5 bps 1.29% 1.34%
10 Real Estate -5 bps 1.59% 1.65%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 9/3/21 – 9/10/21

RANK NAME CHANGE YLD YLD-1W
1 Media: Diversified & Production 36 bps 1.37% 1.02%
2 Energy: Electricity 29 bps 0.94% 0.65%
3 Consumer Goods: Durable 29 bps 1.00% 0.71%
4 Hotel, Gaming & Leisure 20 bps 3.02% 2.82%
5 Chemicals, Plastics & Rubber 14 bps 1.31% 1.17%
6 Utilities: Water 11 bps 0.97% 0.86%
7 Utilities: Oil & Gas 9 bps 1.35% 1.26%
8 Media: Broadcasting & Subscription 5 bps 1.45% 1.39%
9 Automotive 5 bps 1.08% 1.02%
10 Telecommunications 5 bps 1.06% 1.01%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 9/3/21 – 9/10/21

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 9/3/21 – 9/10/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 9/3/21 vs. the week ending 9/10/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SDBC 0.625 1/12/2024 0.63% 01/12/24 144 221 77 53%
2 CABKSM 3.625 10/5/2016 3.63% 10/05/16 35 110 75 214%
3 VZ 1.45 3/20/2026 1.45% 03/20/26 298 362 64 21%
4 BMO 1 2/6/2026 1.00% 02/06/26 22 76 54 245%
5 TD 0 3/17/2026 0.66% 03/17/26 20 62 42 210%
6 HNDA 0.75 1/17/2024 0.75% 01/17/24 145 187 42 29%
7 HOLNSW 0.625 1/19/2033 0.63% 01/19/33 105 145 40 38%
8 PPL 3.1 5/15/2026 3.10% 05/15/26 178 218 40 22%
9 XEL 3.2 3/1/2050 3.20% 03/01/50 165 200 35 21%
10 BFCM 1 11/13/2026 1.00% 11/13/26 20 54 34 170%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 9/3/21 – 9/10/21

RANK TRANCHE COUPON MATURITY DEALERS
1 VZ 2.55 3/21/2031 2.55% 03/21/31 40
2 AMZN 1.65 5/12/2028 1.65% 05/12/28 40
3 AMZN 2.1 5/12/2031 2.10% 05/12/31 40
4 VZ 1.45 3/20/2026 1.45% 03/20/26 39
5 T 2.25 2/1/2032 2.25% 02/01/32 38
6 AAPL 1.65 2/8/2031 1.65% 02/08/31 38
7 T 2.75 6/1/2031 2.75% 06/01/31 37
8 AAPL 2.375 2/8/2041 2.38% 02/08/41 37
9 CMCSA 1.5 2/15/2031 1.50% 02/15/31 36
10 IBM 1.95 5/15/2030 1.95% 05/15/30 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 9/3/21 – 9/10/21

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 9/3/21 – 9/10/21

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