Corporate Bond Pricing Data - May 2020 Recap

In this post, Michael Skorczynski from our IHS Markit Corporate Bond Pricing team has highlighted U.S. Treasury movement for May 2020, and delivered a review of the Investment Grade market sector and key up/down movers within the Investment Grade market. His observations are drawn from our Corporate Bond pricing data via the Price Viewer web portal.

Over the month of May, the US Treasury curve steepened. The table below summarizes weekly and monthly performance across the curve, followed by a snapshot of the 30 year's performance in more detail, sourced from Price Viewer.

The 30-year yield started the month at 1.29%, then widened steadily finishing at 1.41%.

Investment Grade Market Review

The table below summarizes weekly and monthly sector performance across the iShares iBoxx $ Investment Grade Corporate Bond ETF.

Best performing bonds within the Investment Grade Market

The best performing iShares iBoxx $ Investment Grade Corporate Bond ETF bonds in May are show in the table below.

4 of the 5 best performing bonds are in the energy sector. Energy issuers continued to see their bond prices rebound in May, after large drops in March.

The screenshot below shows yield fluctuations of the Newfield Exploration Company bond over the last 3 months.

Worst Performing bonds within the Investment Grade Market

Below are the worst preforming iShares iBoxx $ Investment Grade Corporate Bond ETF bonds of May.

American Express Company 4.05% 2042 was May's biggest decliner, the screenshot below shows yield fluctuations of this bond over the last 3 months.

Complimentary Access to Price Viewer

In light of current events, IHS Markit is offering complimentary access for qualified market participants to our historical cross asset coverage of global fixed income pricing and liquidity data, as well as OTC Derivatives data via the Price Viewer web-based data portal.

We use screenshots from the Price Viewer very frequently in this report and corporations use the credit default swap and bond price/yield data to identify potential risks to their supply chains. Request complimentary access here or contact sales@ihsmarkit.com.

S&P Global provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.

This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.