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

Investment Grade Corporate Bond Market Summary:
Week Ending 9/24/21

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 9/17/21 – 9/24/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 VPARKI 2 7/6/2029 2.00% 07/06/29 3.58% 106.06 102.39
2 PRXNA 3.832 2/8/2051 REGS 3.83% 02/08/51 3.46% 92.61 89.51
3 AMISSV 7 8/16/2031 7.00% 08/16/31 3.39% 111.66 108.00
4 NTRS 0 4/15/2027 0.72% 04/15/27 3.20% 99.68 96.59
5 PERU 6.7142 2/12/2055 6.71% 02/12/55 2.64% 92.19 89.82
6 FLAMES 5.1 3/1/2042 5.10% 03/01/42 2.28% 128.72 125.85
7 EPR 3.75 8/15/2029 3.75% 08/15/29 2.26% 103.04 100.76
8 SHIMAO 5.6 7/15/2026 5.60% 07/15/26 1.80% 99.76 97.99
9 BOAD 2.75 1/22/2033 144A 2.75% 01/22/33 1.66% 107.00 105.25
10 AIFP 3 3/17/2029 3.00% 03/17/29 1.63% 121.66 119.70

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 9/17/21 – 9/24/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 ADJGR 3.25 8/5/2025 3.25% 08/05/25 -5.00% 93.07 97.96
2 EXC 5.8 5/15/2034 5.80% 05/15/34 -4.78% 125.03 131.31
3 PEMEX 5.625 1/23/2046 5.63% 01/23/46 -4.07% 80.63 84.06
4 BATSLN 2.25 9/9/2052 2.25% 09/09/52 -3.98% 71.87 74.85
5 OXUNIV 2.544 12/8/2117 2.54% 12/08/17 -3.94% 127.15 132.37
6 WELLTR 1.5 7/14/2071 1.50% 07/14/71 -3.75% 95.14 98.85
7 CAMBRG 2.35 6/27/2078 2.35% 06/27/78 -3.72% 135.34 140.56
8 SLOREP 0.6875 3/3/2081 0.69% 03/03/81 -3.48% 84.63 87.68
9 COMHOS 4.94 5/1/2058 4.94% 05/01/58 -3.34% 112.71 116.60
10 PARHC 3.342 7/1/2060 3.34% 07/01/60 -3.21% 109.98 113.62

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 9/17/21 – 9/24/21

RANK NAME CHANGE YLD YLD-1W
1 Containers, Packaging, & Glass -69 bps 1.03% 1.72%
2 Capital Equipment -29 bps 0.94% 1.24%
3 Transportation: Cargo -9 bps 1.38% 1.47%
4 Transportation: Consumer -7 bps 2.09% 2.16%
5 Services: Consumer -4 bps 2.40% 2.44%
6 Insurance -2 bps 1.37% 1.39%
7 Metals & Mining -1 bps 1.70% 1.71%
8 Hotel, Gaming & Leisure -1 bps 3.00% 3.01%
9 Environmental Industries 0 bps 1.36% 1.36%
10 Aerospace & Defense 0 bps 1.53% 1.53%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 9/17/21 – 9/24/21

RANK NAME CHANGE YLD YLD-1W
1 Media: Advertising, Printing & Publishing 46 bps 1.05% 0.59%
2 Chemicals, Plastics & Rubber 26 bps 1.41% 1.16%
3 Consumer Goods: Durable 25 bps 1.03% 0.78%
4 Utilities: Water 14 bps 1.10% 0.96%
5 Consumer Goods: Non-Durable 12 bps 1.11% 0.99%
6 Real Estate 12 bps 1.67% 1.55%
7 Automotive 12 bps 1.22% 1.10%
8 Retail 11 bps 1.60% 1.49%
9 Construction & Building 11 bps 0.97% 0.86%
10 Sovereign & Public Finance 11 bps 0.98% 0.87%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 9/17/21 – 9/24/21

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 9/17/21 – 9/24/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 9/17/21 vs. the week ending 9/24/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CITCOR 2.3 10/1/2031 2.30% 10/01/31 50 140 90 180%
2 SANUK 0.603 9/13/2029 0.60% 09/13/29 125 209 84 67%
3 BNP 2 9/13/2036 2.00% 09/13/36 80 158 78 98%
4 SANTAN 3.625 8/3/2012 3.63% 08/03/12 57 125 68 119%
5 PNC 3.4 PERP 3.40% 12/15/99 218 284 66 30%
6 SUMITR 0 9/16/2024 REGS 0.49% 09/16/24 53 113 60 113%
7 BNS 0 9/15/2026 0.66% 09/15/26 55 115 60 109%
8 AEP 2.9 10/1/2051 2.90% 10/01/51 215 270 55 26%
9 AMT 4.7 3/15/2022 4.70% 03/15/22 120 174 54 45%
10 DXC 2.375 9/15/2028 2.38% 09/15/28 117 170 53 45%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 9/17/21 – 9/24/21

RANK TRANCHE COUPON MATURITY DEALERS
1 VZ 2.55 3/21/2031 2.55% 03/21/31 39
2 AMZN 1.65 5/12/2028 1.65% 05/12/28 38
3 ORCL 2.875 3/25/2031 2.88% 03/25/31 37
4 DIS 2.65 1/13/2031 2.65% 01/13/31 36
5 CMCSA 1.5 2/15/2031 1.50% 02/15/31 36
6 AAPL 1.65 2/8/2031 1.65% 02/08/31 36
7 IBM 1.95 5/15/2030 1.95% 05/15/30 36
8 AMZN 2.1 5/12/2031 2.10% 05/12/31 36
9 INTC 2 8/12/2031 2.00% 08/12/31 36
10 INTC 1.6 8/12/2028 1.60% 08/12/28 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 9/17/21 – 9/24/21

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 9/17/21 – 9/24/21

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