Corporates
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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.
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< dred_percent_height="no" hundred_percent_height_scroll="no" hundred_percent_height_center_content="yes" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" status="published" publish_date="" class="" id="" link_color="" link_hover_color="" border_size="" border_color="" border_style="solid" margin_top="" margin_bottom="" padding_top="" padding_right="" padding_bottom="50px" padding_left="" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_blend_mode="none" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" 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first="true"][fusion_menu_anchor name="BidOfferSpread" class="" /][/fusion_builder_column][fusion_builder_column type="1_1" type="1_1" layout="1_1" spacing="" center_content="no" link="" target="_self" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_image_id="" hover_type="none" border_size="0" border_color="" border_style="solid" border_position="all" border_radius_top_left="" border_radius_top_right="" border_radius_bottom_right="" border_radius_bottom_left="" box_shadow="no" box_shadow_vertical="" box_shadow_horizontal="" box_shadow_blur="0" box_shadow_spread="0" box_shadow_color="" box_shadow_style="" padding_top="30px" padding_right="" padding_bottom="30px" padding_left="" margin_top="" margin_bottom="0px" background_type="single" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" background_color="" background_image="" background_position="left top" background_repeat="no-repeat" background_blend_mode="none" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" filter_type="regular" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" last="true" first="true"][fusion_title title_type="text" rotation_effect="bounceIn" display_time="1200" highlight_effect="circle" loop_animation="off" highlight_width="9" highlight_top_margin="0" before_text="" rotation_text="" highlight_text="" after_text="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" content_align="center" size="2" font_size="" 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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 [/fusion_text] Bid and Offer VolumeReveals the total number of quotes by bid and offer between 10/8/21 – 10/15/21  Stay up-to-date with weekly summaries. |
