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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.
IHS Markit 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.
