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Investment Grade Corporate Bond Market Summary:
Week Ending 10/22/21

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 10/15/21 – 10/22/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SHIMAO 3.45 1/11/2031 3.45% 01/11/31 7.04% 90.93 84.94
2 NRW 0.95 1/10/2021 0.95% 01/10/21 6.51% 92.98 87.30
3 BRKHEC 5.375 9/15/2040 5.38% 09/15/40 3.77% 129.04 124.35
4 SHUION 5.5 6/29/2026 5.50% 06/29/26 3.71% 91.69 88.41
5 PANAMA 8.125 4/28/2034 8.13% 04/28/34 3.68% 147.23 142.01
6 BRABUR 0.6 10/13/2051 0.60% 10/13/51 3.55% 101.53 98.05
7 KO 6.7 10/15/2036 6.70% 10/15/36 3.02% 146.67 142.37
8 NGGLN 2.037 2/15/2039 2.04% 02/15/39 2.75% 110.54 107.58
9 DOW 4.1 11/15/2049 4.10% 11/15/49 2.49% 99.42 97.01
10 ADJGR 1.5 7/26/2024 1.50% 07/26/24 2.46% 90.39 88.23

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 10/15/21 – 10/22/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 GWFOOD 3.258 10/29/2030 3.26% 10/29/30 -6.11% 75.16 80.05
2 SWISBR 9.85 7/16/2032 REGS 9.85% 07/16/32 -4.26% 94.30 98.50
3 HGB 4 4/28/2051 4.00% 04/28/51 -3.53% 96.50 100.03
4 CRSLNX 4.651 9/30/2046 4.65% 09/30/46 -3.52% 109.35 113.35
5 UGPABZ 5.25 6/6/2029 REGS 5.25% 06/06/29 -3.42% 102.49 106.12
6 HOUSNZ 2.183 4/24/2030 2.18% 04/24/30 -3.13% 95.11 98.18
7 CZGB 4.85 11/26/2057 4.85% 11/26/57 -3.07% 140.17 144.62
8 KINSOL 3.571 7/31/2035 3.57% 07/31/35 -3.00% 106.86 110.16
9 PERU 6.7142 2/12/2055 6.71% 02/12/55 -2.93% 94.65 97.50
10 CP 6.125 9/15/2015 6.13% 09/15/15 -2.77% 147.85 152.07

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 10/15/21 – 10/22/21

RANK NAME CHANGE YLD YLD-1W
1 Containers, Packaging, & Glass -37 bps 1.27% 1.64%
2 Media: Diversified & Production -17 bps 1.52% 1.70%
3 Metals & Mining -9 bps 1.82% 1.91%
4 Services: Consumer 0 bps 2.54% 2.54%
5 Transportation: Cargo 2 bps 1.55% 1.53%
6 Telecommunications 5 bps 1.43% 1.38%
7 Energy: Oil & Gas 5 bps 2.12% 2.06%
8 Hotel, Gaming & Leisure 7 bps 2.87% 2.80%
9 Insurance 7 bps 1.63% 1.56%
10 Real Estate 8 bps 1.98% 1.90%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 10/15/21 – 10/22/21

RANK NAME CHANGE YLD YLD-1W
1 Consumer Goods: Durable 51 bps 1.27% 0.76%
2 Media: Advertising, Printing & Publishing 34 bps 1.63% 1.29%
3 Sovereign & Public Finance 33 bps 1.26% 0.93%
4 Banking 26 bps 1.44% 1.18%
5 Consumer Goods: Non-Durable 24 bps 1.34% 1.10%
6 Utilities: Oil & Gas 24 bps 1.83% 1.60%
7 Chemicals, Plastics & Rubber 21 bps 1.66% 1.45%
8 Retail 20 bps 1.89% 1.69%
9 Environmental Industries 19 bps 1.61% 1.42%
10 Energy: Electricity 19 bps 1.21% 1.02%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 10/15/21 – 10/22/21

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 10/15/21 – 10/22/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/15/21 vs. the week ending 10/22/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 KDB 2 4/1/2031 2.00% 04/01/31 20 85 65 325%
2 FSK 5 6/28/2022 144A 5.00% 06/28/22 50 95 45 90%
3 WSTP 2.963 11/16/2040 2.96% 11/16/40 225 269 44 20%
4 RY 1.4 11/2/2026 1.40% 11/02/26 239 279 40 17%
5 SO 4.4 7/1/2046 4.40% 07/01/46 234 274 40 17%
6 WSTP 3.35 3/8/2027 3.35% 03/08/27 233 273 40 17%
7 BAC 2.482 9/21/2036 2.48% 09/21/36 244 283 39 16%
8 RY 0.75 10/7/2024 0.75% 10/07/24 228 265 37 16%
9 HPQ 6 9/15/2041 6.00% 09/15/41 207 244 37 18%
10 SBUX 2 3/12/2027 2.00% 03/12/27 233 270 37 16%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 10/15/21 – 10/22/21

RANK TRANCHE COUPON MATURITY DEALERS
1 AMZN 2.1 5/12/2031 2.10% 05/12/31 40
2 IBM 1.95 5/15/2030 1.95% 05/15/30 40
3 INTC 1.6 8/12/2028 1.60% 08/12/28 40
4 AAPL 1.65 2/8/2031 1.65% 02/08/31 38
5 WMT 1.8 9/22/2031 1.80% 09/22/31 38
6 DIS 2.65 1/13/2031 2.65% 01/13/31 38
7 AMZN 3.1 5/12/2051 3.10% 05/12/51 38
8 MEDIND 3.875 4/1/2029 144A 3.88% 04/01/29 36
9 VZ 2.55 3/21/2031 2.55% 03/21/31 36
10 VZ 3.55 3/22/2051 3.55% 03/22/51 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 10/15/21 – 10/22/21

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 10/15/21 – 10/22/21

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