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Investment Grade Corporate Bond Market Summary:
Week Ending 9/17/21

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 9/10/21 – 9/17/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 AWLN 0 2/27/2043 0.95% 02/27/43 15.31% 116.66 101.17
2 MMBFP 2.125 10/16/2026 2.13% 10/16/26 5.50% 104.52 99.07
3 SEVFP 3.3 3/25/2033 3.30% 03/25/33 4.75% 130.64 124.72
4 HAOHUA 3.7 9/22/2050 3.70% 09/22/50 3.27% 101.27 98.06
5 GTOWNU 2.943 4/1/2050 2.94% 04/01/50 3.11% 102.59 99.50
6 DXC 4.75 4/15/2027 4.75% 04/15/27 2.82% 118.36 115.12
7 PACLIF 9.25 6/15/2039 9.25% 06/15/39 2.69% 173.63 169.07
8 LHAGR 3.5 7/14/2029 3.50% 07/14/29 2.40% 102.46 100.07
9 ROMGB 4.75 10/11/2034 4.75% 10/11/34 2.35% 105.77 103.34
10 SLVBCK 3.7529 5/25/2039 3.75% 05/25/39 2.02% 105.67 103.58

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 9/10/21 – 9/17/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CARUNA 2.701 10/16/2037 2.70% 10/16/37 -9.29% 103.54 114.15
2 SGOFP 1.875 5/3/2035 1.88% 05/03/35 -7.12% 104.84 112.88
3 SHIMAO 5.6 7/15/2026 5.60% 07/15/26 -6.25% 97.99 104.52
4 GYCGR 2 10/25/2032 2.00% 10/25/32 -5.29% 105.93 111.84
5 ADJGR 2.25 1/14/2029 2.25% 01/14/29 -4.56% 90.22 94.53
6 NRW 1.95 9/26/2078 1.95% 09/26/78 -4.04% 143.81 149.87
7 NGGLN 3.35 9/27/2032 3.35% 09/27/32 -3.92% 119.87 124.76
8 RAGB 0.85 6/30/2120 0.85% 06/30/20 -3.82% 92.89 96.58
9 SLOREP 0.6875 3/3/2081 0.69% 03/03/81 -3.36% 87.68 90.73
10 LVS 2.9 6/25/2025 2.90% 06/25/25 -2.87% 100.21 103.17

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 9/10/21 – 9/17/21

RANK NAME CHANGE YLD YLD-1W
1 Chemicals, Plastics & Rubber -9 bps 1.22% 1.31%
2 High Tech Industries -6 bps 1.16% 1.22%
3 Insurance -4 bps 1.29% 1.33%
4 Banking -4 bps 1.14% 1.18%
5 Media: Advertising, Printing & Publishing -2 bps 0.58% 0.60%
6 Metals & Mining 0 bps 1.72% 1.72%
7 Media: Broadcasting & Subscription 0 bps 1.45% 1.45%
8 Aerospace & Defense 1 bps 1.53% 1.52%
9 Sovereign & Public Finance 2 bps 1.02% 1.00%
10 Finance 3 bps 1.31% 1.28%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 9/10/21 – 9/17/21

RANK NAME CHANGE YLD YLD-1W
1 Services: Consumer 31 bps 2.44% 2.13%
2 Containers, Packaging, & Glass 26 bps 1.55% 1.29%
3 Consumer Goods: Durable 26 bps 1.26% 1.01%
4 Transportation: Consumer 23 bps 2.04% 1.82%
5 Environmental Industries 19 bps 1.37% 1.18%
6 Energy: Electricity 18 bps 1.13% 0.95%
7 Consumer Goods: Non-Durable 16 bps 1.07% 0.91%
8 Forest Products & Paper 15 bps 1.06% 0.90%
9 Transportation: Cargo 13 bps 1.46% 1.33%
10 Utilities: Oil & Gas 13 bps 1.47% 1.35%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 9/10/21 – 9/17/21

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 9/10/21 – 9/17/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 9/10/21 vs. the week ending 9/17/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 PNC 3.4 7/8/2009 3.40% 07/08/09 73 180 107 147%
2 TD 1.25 5/14/2026 1.25% 05/14/26 117 200 83 71%
3 INTNED 3.875 12/3/2020 3.88% 12/03/20 103 175 72 70%
4 TD 0.7 11/30/2024 0.70% 11/30/24 99 165 66 67%
5 KMI 5.55 6/1/2045 5.55% 06/01/45 264 322 58 22%
6 TOYOTA 1.125 6/18/2026 1.13% 06/18/26 258 311 53 21%
7 BPLN 3.379 2/8/2061 3.38% 02/08/61 227 276 49 22%
8 RLJ 3.75 7/1/2026 144A 3.75% 07/01/26 119 163 44 37%
9 T 3.5 9/15/2053 3.50% 09/15/53 4 46 42 1050%
10 TOYOTA 0.625 11/21/2024 0.63% 11/21/24 194 235 41 21%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 9/10/21 – 9/17/21

RANK TRANCHE COUPON MATURITY DEALERS
1 VZ 2.55 3/21/2031 2.55% 03/21/31 39
2 T 2.25 2/1/2032 2.25% 02/01/32 37
3 CMCSA 1.5 2/15/2031 1.50% 02/15/31 37
4 AMZN 1.65 5/12/2028 1.65% 05/12/28 37
5 AMZN 2.1 5/12/2031 2.10% 05/12/31 37
6 INTC 1.6 8/12/2028 1.60% 08/12/28 37
7 INTC 2 8/12/2031 2.00% 08/12/31 36
8 IBM 1.95 5/15/2030 1.95% 05/15/30 36
9 AAPL 1.4 8/5/2028 1.40% 08/05/28 36
10 AAPL 1.65 2/8/2031 1.65% 02/08/31 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 9/10/21 – 9/17/21

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 9/10/21 – 9/17/21

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