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Investment Grade Corporate Bond Market Summary:
Week Ending 10/8/21

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 10/1/21 – 10/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 BFCM 1 11/13/2026 1.00% 11/13/26 5.39% 103.80 98.49
2 ELEVER 2.735 6/14/2035 2.74% 06/14/35 3.69% 113.15 109.12
3 KO 6.75 1/15/2038 6.75% 01/15/38 3.68% 143.17 138.09
4 PVAC 9.25 8/15/2026 144A 9.25% 08/15/26 2.01% 102.76 100.74
5 DOW 4 9/15/2049 4.00% 09/15/49 1.90% 98.25 96.42
6 PERUGB 5.4 8/12/2034 5.40% 08/12/34 1.88% 87.62 86.01
7 NEXA 6.5 1/18/2028 REGS 6.50% 01/18/28 1.59% 111.23 109.50
8 EXC 5.8 5/15/2034 5.80% 05/15/34 1.52% 126.32 124.43
9 STR 7.2 4/1/2038 7.20% 04/01/38 1.46% 146.62 144.50
10 DENOPE 7.75 10/2/2023 7.75% 10/02/23 1.39% 103.92 102.50

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 10/1/21 – 10/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CARUNA 2.701 10/16/2037 2.70% 10/16/37 -7.52% 108.29 117.10
2 SHIMAO 3.45 1/11/2031 3.45% 01/11/31 -5.75% 84.31 89.45
3 WELLTR 1.5 7/14/2071 1.50% 07/14/71 -5.70% 85.29 90.44
4 OXUNIV 2.544 12/8/2117 2.54% 12/08/17 -5.59% 111.79 118.41
5 SHUION 5.5 6/29/2026 5.50% 06/29/26 -5.22% 90.79 95.79
6 BTPCL 5 10/1/2028 5.00% 10/01/28 -5.21% 94.95 100.17
7 CCAPGR 3.5 4/15/2023 3.50% 04/15/23 -5.07% 86.70 91.33
8 NGGLN 3.35 9/27/2032 3.35% 09/27/32 -4.70% 120.94 126.90
9 CAMBRG 2.35 6/27/2078 2.35% 06/27/78 -4.47% 123.17 128.94
10 RAGB 0.85 6/30/2120 0.85% 06/30/20 -4.40% 85.47 89.40

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 10/1/21 – 10/8/21

RANK NAME CHANGE YLD YLD-1W
1 Containers, Packaging, & Glass -88 bps 0.84% 1.72%
2 Transportation: Consumer -11 bps 2.12% 2.23%
3 Services: Consumer -8 bps 2.38% 2.45%
4 Metals & Mining -6 bps 1.77% 1.82%
5 Forest Products & Paper -5 bps 1.02% 1.07%
6 Energy: Electricity -3 bps 1.19% 1.22%
7 Environmental Industries -3 bps 1.28% 1.31%
8 Utilities: Electric -2 bps 1.44% 1.45%
9 Services: Business 0 bps 0.87% 0.87%
10 Aerospace & Defense 0 bps 1.57% 1.57%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 10/1/21 – 10/8/21

RANK NAME CHANGE YLD YLD-1W
1 Media: Advertising, Printing & Publishing 88 bps 1.27% 0.39%
2 Real Estate 19 bps 1.87% 1.68%
3 Sovereign & Public Finance 19 bps 1.12% 0.93%
4 Hotel, Gaming & Leisure 19 bps 3.19% 3.00%
5 Utilities: Water 18 bps 1.25% 1.06%
6 Capital Equipment 15 bps 0.99% 0.84%
7 Construction & Building 14 bps 1.04% 0.90%
8 Wholesale 12 bps 1.52% 1.39%
9 Chemicals, Plastics & Rubber 12 bps 1.50% 1.38%
10 Automotive 12 bps 1.28% 1.16%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 10/1/21 – 10/8/21

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 10/1/21 – 10/8/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/1/21 vs. the week ending 10/8/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ABNANV 0.5 9/23/2029 0.50% 09/23/29 35 192 157 449%
2 BPLN 1.467 9/21/2041 1.47% 09/21/41 28 159 131 468%
3 BUPFIN 4 PERP 4.00% 03/24/99 31 145 114 368%
4 AVGO 3.187 11/15/2036 144A 3.19% 11/15/36 54 166 112 207%
5 ACGCAP 1.95 9/20/2026 144A 1.95% 09/20/26 20 105 85 425%
6 PPL 5.875 3/25/2027 5.88% 03/25/27 97 145 48 49%
7 RY 0 9/9/2024 0.38% 09/09/24 22 65 43 195%
8 GM 2.7 6/10/2031 2.70% 06/10/31 245 286 41 17%
9 AMT 1.45 9/15/2026 1.45% 09/15/26 243 284 41 17%
10 WMT 2.65 9/22/2051 2.65% 09/22/51 306 347 41 13%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 10/1/21 – 10/8/21

RANK TRANCHE COUPON MATURITY DEALERS
1 TD 1.25 9/10/2026 1.25% 09/10/26 39
2 WMT 1.8 9/22/2031 1.80% 09/22/31 38
3 INTC 1.6 8/12/2028 1.60% 08/12/28 38
4 IBM 1.95 5/15/2030 1.95% 05/15/30 38
5 VZ 2.55 3/21/2031 2.55% 03/21/31 37
6 VZ 3.55 3/22/2051 3.55% 03/22/51 37
7 T 2.25 2/1/2032 2.25% 02/01/32 36
8 DIS 3.6 1/13/2051 3.60% 01/13/51 36
9 AMZN 2.1 5/12/2031 2.10% 05/12/31 36
10 DIS 2.65 1/13/2031 2.65% 01/13/31 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 10/1/21 – 10/8/21

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 10/1/21 – 10/8/21

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