Corporates

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Investment Grade Corporate Bond Market Summary:
Week Ending 2/7/25

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

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New Issues

IG Corp bond new issues for the week ending 2/7/25, issue size of $50 million and larger

 

 

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PRC AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
US Bank National Association (USD) 5.046% 2/12/2031 Senior Notes 1300 100
PepsiCo Inc. (USD) 5% 2/7/2035 Senior Notes 1250 99.875 5.02 60
Valero Energy Corp. (USD) 5.15% 2/15/2030 Senior Notes 650 99.824 5.19 87

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 1/31/25 – 2/7/25

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 SESGFP 2.875 PERP 2.88% NULL 4.18% 95.55 91.72 23
2 MAS 3.125 2/15/2051 3.13% 02/15/51 4.04% 65.41 62.87 16
3 ONTTFT 0.95 11/24/2051 0.95% 11/24/51 3.98% 57.66 55.45 3
4 GLPCHI 2.95 3/29/2026 2.95% 03/29/26 3.90% 91.42 87.98 16
5 PRNCTN 2.516 7/1/2050 2.52% 07/01/50 3.72% 63.69 61.41 6
6 SOCIETE GENERALE MEDIUM TERM 7.37% 01/10/53 3.71% 104.91 101.16 7
7 SLOVGB 2.25 6/12/2068 2.25% 06/12/68 3.42% 66.86 64.65 6
8 ADSEZ 3.828 2/2/2032 144A 3.83% 02/02/32 3.41% 82.66 79.93 5
9 NWSZF 4.25 6/27/2029 4.25% 06/27/29 3.40% 83.32 80.58 17
10 ISPIM 7.778 6/20/2054 144A 7.78% 06/20/54 3.32% 113.63 109.98 17

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 1/31/25 – 2/7/25

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 FMC 6.375 5/18/2053 6.38% 05/18/53 -3.65% 96.20 99.84 20
2 DTV 8.875 2/1/2030 144A 8.88% 02/01/30 -2.15% 96.83 98.96 27
3 KSS 5.55 7/17/2045 5.55% 07/17/45 -2.02% 61.54 62.81 22
4 WBA 3.2 4/15/2030 3.20% 04/15/30 -1.51% 81.84 83.09 26
5 AAWW 8.5 2/15/2030 144A 8.50% 02/15/30 -1.51% 102.35 103.91 21
6 HPE 5.6 10/15/2054 5.60% 10/15/54 -1.40% 95.99 97.35 29
7 NSANY 4.81 9/17/2030 REGS 4.81% 09/17/30 -1.33% 91.88 93.12 28
8 W 7.25 10/31/2029 144A 7.25% 10/31/29 -0.94% 101.38 102.34 22
9 SWKS 3 6/1/2031 3.00% 06/01/31 -0.82% 85.75 86.46 8
10 MEX 5.625 3/19/2014 5.63% 03/19/14 -0.66% 69.72 70.19 10

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 1/31/25 – 2/7/25

 

 

 

 

 

 

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 1/31/25 – 2/7/25

 

 

 

 

 

 

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 1/31/25 – 2/7/25

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 1/31/25 – 2/7/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 1/31/25 vs. the week ending 2/7/25

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 PEB 6.375 10/15/2029 6.38% 10/15/29 10 94 84 840%
2 TGT 3.375 4/15/2029 3.38% 04/15/29 166 240 74 45%
3 AFRFIN 7.5 PERP REGS 7.39% NULL 85 157 72 85%
4 TD 0.75 1/6/2026 0.75% 01/06/26 147 212 65 44%
5 VZ 4.5 8/10/2033 4.50% 08/10/33 224 289 65 29%
6 HSBC 6.375 PERP 6.38% NULL 263 325 62 24%
7 HSBC 4.6 PERP 4.60% NULL 256 315 59 23%
8 ONCRTX 5.55 6/15/2054 5.55% 06/15/54 99 155 56 57%
9 CMI 4.875 10/1/2043 4.88% 10/01/43 180 235 55 31%
10 NDAQ 3.95 3/7/2052 3.95% 03/07/52 179 234 55 31%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 1/31/25 – 2/7/25

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 GM 5.9 1/7/2035 5.90% 01/07/35 41
2 GM 5.35 1/7/2030 5.35% 01/07/30 41
3 NEE 5.9 3/15/2055 5.90% 03/15/55 41
4 TOYOTA 4.95 1/9/2030 4.95% 01/09/30 40
5 NEE 5.45 3/15/2035 5.45% 03/15/35 39
6 TOYOTA 5.35 1/9/2035 5.35% 01/09/35 39
7 NEE 5.25 3/15/2034 5.25% 03/15/34 38
8 EIX 5.45 3/1/2035 5.45% 03/01/35 38
9 HYNMTR 5.3 1/8/2030 144A 5.30% 01/08/30 38
10 DE 5.45 1/16/2035 5.45% 01/16/35 37

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 1/31/25 – 2/7/25

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 1/31/25 – 2/7/25

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