On March 31 in the U.S. bond market, there were 29,320 bond trades in 4,959 non-call fixed rate corporate bond issues representing $9,708,182,308 in notional principal. Which 20 trades were the best trades of the day, and how do we decide the answer to that question? Today, we answer those questions for bonds with maturities of 10 years or more at the request of many investors.
Conclusion: We find that 64 bond issues met our trading volume criterion of $5 million or more. The best-value non-call senior fixed rate bond trades with maturities of 1 to 5 years on March 31, 2014 were issues by these firms
- HESS CORPORATION (HES), 2 issues
- SUNCOR ENERGY INC. (SU), 2 issues
- SAFEWAY INC. (SWY), 2 issues (see note below)