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Investment Grade Corporate Bond Market Summary:
Week Ending 10/15/21

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 10/8/21 – 10/15/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PERU 6.7142 2/12/2055 6.71% 02/12/55 6.20% 97.50 91.81
2 OXUNIV 2.544 12/8/2117 2.54% 12/08/17 5.32% 117.73 111.79
3 TELEFO 4 12/28/2051 4.00% 12/28/51 5.16% 145.88 138.72
4 WELLTR 1.5 7/14/2071 1.50% 07/14/71 5.01% 89.56 85.29
5 CAMBRG 2.35 6/27/2078 2.35% 06/27/78 4.91% 129.23 123.17
6 NRW 1.95 9/26/2078 1.95% 09/26/78 4.77% 141.42 134.98
7 ADJGR 2.75 11/13/2026 2.75% 11/13/26 4.59% 86.84 83.03
8 BRKHEC 1.875 6/16/2062 1.88% 06/16/62 4.18% 89.35 85.76
9 INDON 3.2 9/23/2061 3.20% 09/23/61 3.89% 93.37 89.87
10 CLEF 3.848 6/30/2050 3.85% 06/30/50 3.70% 110.69 106.74

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 10/8/21 – 10/15/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SHUION 6.15 8/24/2024 6.15% 08/24/24 -4.70% 92.17 96.71
2 BTPCL 5 3/1/2035 5.00% 03/01/35 -4.66% 85.95 90.15
3 CCAPGR 3.5 4/15/2023 3.50% 04/15/23 -4.33% 82.94 86.70
4 XEL 3.7 10/1/2042 3.70% 10/01/42 -4.05% 103.02 107.38
5 SINOCE 3.25 5/5/2026 3.25% 05/05/26 -3.95% 90.18 93.89
6 BPLN 3.38 10/1/2026 3.38% 10/01/26 -3.86% 104.51 108.71
7 PROXBB 3.19 3/20/2028 3.19% 03/20/28 -3.57% 114.71 118.96
8 CZGB 1.5 4/24/2040 1.50% 04/24/40 -3.55% 85.59 88.74
9 ROMGB 4.15 10/24/2030 4.15% 10/24/30 -3.43% 93.56 96.89
10 DTE 4.5 9/1/2041 4.50% 09/01/41 -3.33% 114.68 118.64

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 10/8/21 – 10/15/21

RANK NAME CHANGE YLD YLD-1W
1 Services: Consumer -21 bps 2.26% 2.48%
2 Transportation: Consumer -16 bps 1.97% 2.13%
3 Services: Business -7 bps 0.87% 0.94%
4 Insurance -4 bps 1.51% 1.54%
5 Energy: Oil & Gas -1 bps 2.03% 2.04%
6 Media: Broadcasting & Subscription 0 bps 1.92% 1.92%
7 Retail 1 bps 1.69% 1.68%
8 Hotel, Gaming & Leisure 1 bps 3.17% 3.16%
9 Consumer Goods: Durable 2 bps 0.97% 0.95%
10 Healthcare & Pharmaceuticals 2 bps 1.14% 1.11%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 10/8/21 – 10/15/21

RANK NAME CHANGE YLD YLD-1W
1 Containers, Packaging, & Glass 44 bps 1.60% 1.16%
2 Media: Diversified & Production 27 bps 1.68% 1.41%
3 Sovereign & Public Finance 22 bps 1.13% 0.92%
4 Capital Equipment 19 bps 1.07% 0.88%
5 Transportation: Cargo 15 bps 1.55% 1.39%
6 Environmental Industries 13 bps 1.41% 1.28%
7 Metals & Mining 11 bps 1.88% 1.77%
8 High Tech Industries 11 bps 1.40% 1.30%
9 Chemicals, Plastics & Rubber 10 bps 1.53% 1.43%
10 Banking 10 bps 1.24% 1.14%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 10/8/21 – 10/15/21

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 10/8/21 – 10/15/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/8/21 vs. the week ending 10/15/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BDVC 3.25 3/30/2026 3.25% 03/30/26 37 93 56 151%
2 AVGO 3.187 11/15/2036 144A 3.19% 11/15/36 166 213 47 28%
3 CSCO 5.5 1/15/2040 5.50% 01/15/40 250 291 41 16%
4 CBAAU 0 7/7/2025 REGS 0.45% 07/07/25 102 140 38 37%
5 UBS 0 2/9/2024 144A 0.00% 02/09/24 102 140 38 37%
6 FSK 5 6/28/2022 144A 5.00% 06/28/22 12 50 38 317%
7 TSINGH 6.5 1/31/2028 6.50% 01/31/28 76 114 38 50%
8 CMCSA 0.75 2/20/2032 0.75% 02/20/32 130 164 34 26%
9 IFXGR 1.625 6/24/2029 1.63% 06/24/29 159 192 33 21%
10 C 5.875 1/30/2042 5.88% 01/30/42 129 162 33 26%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 10/8/21 – 10/15/21

RANK TRANCHE COUPON MATURITY DEALERS
1 IBM 1.95 5/15/2030 1.95% 05/15/30 39
2 AMZN 3.1 5/12/2051 3.10% 05/12/51 38
3 INTC 1.6 8/12/2028 1.60% 08/12/28 38
4 AMZN 2.1 5/12/2031 2.10% 05/12/31 38
5 AAPL 1.4 8/5/2028 1.40% 08/05/28 37
6 VZ 2.55 3/21/2031 2.55% 03/21/31 37
7 VZ 3.55 3/22/2051 3.55% 03/22/51 37
8 T 2.25 2/1/2032 2.25% 02/01/32 36
9 BPLN 3.001 3/17/2052 3.00% 03/17/52 36
10 ORCL 2.875 3/25/2031 2.88% 03/25/31 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 10/8/21 – 10/15/21

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 10/8/21 – 10/15/21

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