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Investment Grade Corporate Bond Market Summary:
Week Ending 11/12/21

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 11/5/21 – 11/12/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SINOCE 4.75 1/14/2030 4.75% 01/14/30 7.84% 86.44 80.15
2 BERTEL 15 PERP 15.00% 06/29/49 6.04% 193.00 182.00
3 HTHROW 0.101 12/11/2032 0.10% 12/11/32 4.55% 106.89 102.24
4 ESTSLP 0.1 2/28/2062 0.10% 02/28/62 4.22% 129.87 124.61
5 KO 7.375 7/29/2093 7.38% 07/29/93 4.09% 196.74 189.01
6 SEWLTD 2.5329 6/3/2041 2.53% 06/03/41 4.09% 175.50 168.62
7 ISRAEL 6.875 10/21/2034 6.88% 10/21/34 4.03% 153.54 147.59
8 CORHEA 2.055 6/27/2041 2.06% 06/27/41 4.02% 215.25 206.93
9 AWLN 2.4 4/20/2035 2.40% 04/20/35 3.80% 165.69 159.63
10 WALSAL 2.07 1/20/2041 2.07% 01/20/41 3.58% 217.10 209.60

Top 10 Losers

Showcases the top 10 IG Corp “losers” based on the largest bid price decreases between 11/5/21 – 11/12/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PRGO 5.3 11/15/2043 5.30% 11/15/43 -3.65% 101.16 104.99
2 CHJMAO 4.25 7/23/2029 4.25% 07/23/29 -3.44% 89.32 92.51
3 CNSHAN 3.95 5/24/2024 3.95% 05/24/24 -3.31% 95.34 98.61
4 ADCBUH 0 6/20/2024 1.34% 06/20/24 -3.15% 100.89 104.17
5 ROMGB 4.25 4/28/2036 4.25% 04/28/36 -3.03% 87.20 89.92
6 ADXSM 4.2 12/18/2027 4.20% 12/18/27 -2.85% 85.11 87.61
7 XIANGY 4.5 1/30/2023 4.50% 01/30/23 -2.85% 90.92 93.58
8 ARNDTN 1.5 7/15/2024 1.50% 07/15/24 -2.67% 100.33 103.09
9 WFC 7.69 5/15/2025 7.69% 05/15/25 -2.66% 115.28 118.43
10 VNKRLE 3.975 11/9/2027 3.98% 11/09/27 -2.60% 98.81 101.44

Top 10 Industry Winners

Showcases the top 10 IG industry “winners” based on the largest yield increases between 11/5/21 – 11/12/21

RANK NAME CHANGE YLD YLD-1W
1 Containers, Packaging, & Glass -15 bps 1.20% 1.35%
2 Transportation: Consumer -6 bps 1.98% 2.04%
3 Metals & Mining -3 bps 1.85% 1.88%
4 Beverage, Food & Tobacco -3 bps 1.14% 1.17%
5 Media: Advertising, Printing & Publishing -2 bps 1.29% 1.31%
6 Services: Consumer -2 bps 2.34% 2.36%
7 Energy: Oil & Gas 1 bps 2.17% 2.16%
8 Media: Broadcasting & Subscription 1 bps 1.99% 1.98%
9 Real Estate 1 bps 1.99% 1.97%
10 Transportation: Cargo 2 bps 1.51% 1.49%

Top 10 Industry Losers

Showcases the top 10 IG industry “losers” based on the largest yield decreases between 11/5/21 – 11/12/21

RANK NAME CHANGE YLD YLD-1W
1 Sovereign & Public Finance 44 bps 1.62% 1.18%
2 Energy: Electricity 40 bps 1.49% 1.09%
3 Media: Diversified & Production 34 bps 1.73% 1.39%
4 Hotel, Gaming & Leisure 30 bps 3.09% 2.79%
5 Services: Business 28 bps 1.20% 0.92%
6 Capital Equipment 24 bps 1.20% 0.97%
7 Banking 22 bps 1.48% 1.26%
8 Utilities: Water 18 bps 1.23% 1.05%
9 Healthcare & Pharmaceuticals 15 bps 1.25% 1.10%
10 Utilities: Oil & Gas 14 bps 1.78% 1.64%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 11/5/21 – 11/12/21

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 11/5/21 – 11/12/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/5/21 vs. the week ending 11/12/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 AGRFIN 1.625 6/30/2033 1.63% 06/30/33 5 96 91 1820%
2 AEP 3.25 11/1/2051 3.25% 11/01/51 169 255 86 51%
3 WSTP 3.3 2/26/2024 3.30% 02/26/24 234 303 69 29%
4 ABIBB 3.5 6/1/2030 3.50% 06/01/30 276 338 62 22%
5 DANBNK 0.01 3/19/2024 0.01% 03/19/24 15 62 47 313%
6 GE 7.5 8/21/2035 7.50% 08/21/35 45 87 42 93%
7 WSTP 3.35 3/8/2027 3.35% 03/08/27 286 327 41 14%
8 WSTP 4.421 7/24/2039 4.42% 07/24/39 240 280 40 17%
9 WSTP 0 2/26/2024 0.91% 02/26/24 105 144 39 37%
10 GE 5.55 1/5/2026 5.55% 01/05/26 120 158 38 32%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 11/5/21 – 11/12/21

RANK TRANCHE COUPON MATURITY DEALERS
1 AAPL 1.65 2/8/2031 1.65% 02/08/31 42
2 AMZN 2.1 5/12/2031 2.10% 05/12/31 41
3 DIS 2.65 1/13/2031 2.65% 01/13/31 39
4 IBM 1.95 5/15/2030 1.95% 05/15/30 39
5 AER 3.4 10/29/2033 3.40% 10/29/33 37
6 T 2.75 6/1/2031 2.75% 06/01/31 37
7 MEDIND 3.875 4/1/2029 144A 3.88% 04/01/29 37
8 VZ 3.55 3/22/2051 3.55% 03/22/51 37
9 T 2.25 2/1/2032 2.25% 02/01/32 37
10 AAPL 2.375 2/8/2041 2.38% 02/08/41 37

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 11/5/21 – 11/12/21

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 11/5/21 – 11/12/21

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