Corporates

GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Investment Grade Corporate Bond Market Summary:
Week Ending 1/31/25

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

New Issues

IG Corp bond new issues for the week ending 1/31/25, issue size of $50 million and larger

 

 

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PRC AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
NextEra Energy Capital Holding Inc. (USD) 5.9% 3/15/2055 Senior Debenture 750 99.723 5.92 113
NextEra Energy Capital Holding Inc. (USD) 5.45% 3/15/2035 Senior Debenture 1000 99.621 5.5 98
NextEra Energy Capital Holding Inc. (USD) 5.3% 3/15/2032 Senior Debenture 750 99.985 5.3 88
NextEra Energy Capital Holding Inc. (USD) 5.05% 3/15/2030 Senior Debenture 1000 99.974 5.05 73
NextEra Energy Capital Holding Inc. (USD) 4.85% 2/4/2028 Senior Debenture 1000 99.997 4.85 60
Nevada Power Co. (USD) 6.25% 5/15/2055 Junior Subordinated Note 300 100
Bank of Nova Scotia (USD) 5.13% 2/14/2031 Senior Note 1000 100
Bank of Nova Scotia (USD) 4.932% 2/14/2029 Senior Note 1250 99.998
Prologis LP (CAD) 4.2% 2/15/2033 Senior Unsecured Notes 750 99.702 4.24 111
Turkiye Cumhuriyeti Ziraat Bankasi AS (USD) 7.25% 2/4/2030 144A Senior Unsecured MTN 750 99.485 7.38 301
Toronto-Dominion Bank (USD) 5.298% 1/30/2032 Senior Note 750 100 5.3 87
Toronto-Dominion Bank (USD) 5.17526% 1/31/2028 Senior Note 500 100
Toronto-Dominion Bank (USD) 4.861% 1/31/2028 Senior Note 1250 100 4.86 62
Noverco Inc. (CAD) 4.568% 1/28/2035 Unsecured Notes 500 100
Carnival Corp. (USD) 6.125% 2/15/2033 REG S Senior Unsecured Notes 2000 100 6.13 167
Carnival Corp. (USD) 6.125% 2/15/2033 144A Senior Unsecured Notes 2000 100 6.13 167
Capital One Financial Corp. (USD) 6.183% 1/30/2036 Subordinated Note 1750 100
American Express Co. (USD) 5.442% 1/30/2036 Senior Note 1250 100
American Express Co. (USD) 5.3702% 1/30/2031 Senior Note 300 100
American Express Co. (USD) 5.085% 1/30/2031 Senior Note 1450 100
ATP Tower Hldg LLC (USD) 7.875% 2/3/2030 144A Senior Secured – First Lien Note 500 100 7.88

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 1/24/25 – 1/31/25

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 SAVE 8 9/20/2025 144A 8.00% 09/20/25 7.94% 82.62 76.55 17
2 LNGFOR 4.5 1/16/2028 4.50% 01/16/28 5.04% 79.86 76.02 18
3 VLY 5.25 6/15/2030 5.25% 06/15/30 3.98% 99.09 95.29 4
4 HPE 5.6 10/15/2054 5.60% 10/15/54 3.90% 97.35 93.69 23
5 ATSAV 5 PERP 5.00% NULL 3.70% 81.49 78.59 13
6 HEIMST 6.75 PERP 6.75% NULL 3.68% 75.50 72.82 17
7 UNP 4.821 2/1/2044 4.82% 02/01/44 3.27% 89.30 86.47 7
8 FBC 4.125 11/1/2030 4.13% 11/01/30 3.19% 91.84 89.00 6
9 VW 1.5 1/21/2041 1.50% 01/21/41 3.13% 68.25 66.17 11
10 ROMANI 5.125 6/15/2048 REGS 5.13% 06/15/48 3.13% 75.03 72.76 23

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 1/24/25 – 1/31/25

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 ANNFND 2.924 10/6/2051 2.92% 10/06/51 -4.15% 76.42 79.73 19
2 THAMES 7.738 4/9/2058 7.74% 04/09/58 -3.99% 79.03 82.31 16
3 EIX 4.875 3/1/2049 4.88% 03/01/49 -1.99% 82.66 84.34 22
4 ADENVX 1 3/21/2082 1.00% 03/21/82 -1.84% 90.73 92.43 18
5 PCG 7.375 3/15/2055 8.25% 03/15/55 -1.73% 97.76 99.48 30
6 STNG 7.5 1/30/2030 7.50% 01/30/30 -1.51% 98.24 99.74 7
7 NAB FLT 10/18/2027 #VALUE! 10/18/27 -0.96% 100.10 101.07 10
8 SWSFIN 6.64 3/31/2026 6.64% 03/31/26 -0.89% 95.60 96.46 17
9 WBA 4.8 11/18/2044 4.80% 11/18/44 -0.71% 74.92 75.46 26
10 PCPDC 5.125 6/18/2026 5.13% 06/18/26 -0.59% 86.86 87.37 13

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 1/24/25 – 1/31/25

 

 

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Finance -38 bps 4.93% 5.32%
2 Containers, Packaging, & Glass -25 bps 4.83% 5.08%
3 Banking -24 bps 4.43% 4.66%
4 Construction & Building -22 bps 4.46% 4.68%
5 Sovereign & Public Finance -22 bps 4.02% 4.23%
6 Hotel, Gaming & Leisure -20 bps 4.83% 5.03%
7 Aerospace & Defense -19 bps 5.07% 5.26%
8 Energy: Oil & Gas -19 bps 5.22% 5.41%
9 Media: Broadcasting & Subscription -19 bps 4.64% 4.83%
10 Automotive -17 bps 4.76% 4.93%

Bottom 10 Industry Performers

Showcases the bottom 10 IG industry performers based on the largest yield decreases between 1/24/25 – 1/31/25

 

 

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Services: Consumer 21 bps 5.05% 4.84%
2 Wholesale 1 bps 5.80% 5.78%
3 Utilities: Water 1 bps 4.89% 4.88%
4 Media: Advertising, Printing & Publishing -6 bps 5.70% 5.76%
5 Consumer Goods: Non-Durable -9 bps 4.64% 4.73%
6 Chemicals, Plastics & Rubber -10 bps 4.80% 4.89%
7 Utilities: Oil & Gas -10 bps 4.70% 4.80%
8 Insurance -12 bps 4.80% 4.91%
9 High Tech Industries -12 bps 4.80% 4.92%
10 Transportation: Consumer -12 bps 4.81% 4.93%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 1/24/25 – 1/31/25

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 1/24/25 – 1/31/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 1/24/25 vs. the week ending 1/31/25

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 NACN 4.95 4/27/2028 4.95% 04/27/28 10 74 64 640%
2 MARS 3.95 4/1/2049 144A 3.95% 04/01/49 168 226 58 35%
3 DNBNO 3 1/15/2031 3.29% 01/15/31 197 254 57 29%
4 BK 6.474 10/25/2034 6.21% 10/25/34 203 259 56 28%
5 VMUKLN 11 PERP 11.00% 12/08/99 142 195 53 37%
6 INDKOR 4 9/30/2029 REGS 4.00% 09/30/29 121 173 52 43%
7 UCGIM 1.625 1/18/2032 1.63% 01/18/32 194 245 51 26%
8 MRK 3.9 3/7/2039 3.90% 03/07/39 184 232 48 26%
9 PAA 5.95 6/15/2035 5.95% 06/15/35 265 312 47 18%
10 CABKSM 1.375 6/19/2026 1.38% 06/19/26 184 230 46 25%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 1/24/25 – 1/31/25

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 GM 5.9 1/7/2035 5.90% 01/07/35 42
2 GM 5.35 1/7/2030 5.35% 01/07/30 42
3 TOYOTA 5.35 1/9/2035 5.35% 01/09/35 39
4 TOYOTA 4.95 1/9/2030 4.95% 01/09/30 39
5 EIX 5.45 3/1/2035 5.45% 03/01/35 38
6 EIX 5.9 3/1/2055 5.90% 03/01/55 38
7 HYNMTR FLT 11/1/2027 144A 5.00% 01/07/28 38
8 OKE 5.05 11/1/2034 5.05% 11/01/34 37
9 DE 5.45 1/16/2035 5.45% 01/16/35 37
10 HYNMTR 5.3 1/8/2030 144A 5.30% 01/08/30 37

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 1/24/25 – 1/31/25

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 1/24/25 – 1/31/25

Stay up-to-date with weekly summaries.

Stay up-to-date on the latest from SOLVE