Corporates

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Investment Grade Corporate Bond Market Summary:
Week Ending 3/14/25

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 3/14/25, issue size of $50 million and larger

 

 

 

 

 

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PRC AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
Canada Mortgage & Housing (CAD) 2.85% 6/15/2030 Note 8500 99.785 2.9 18
European Investment Bank (USD) 3.875% 6/15/2028 Senior Note 4000
Stellantis Finance US Inc. (USD) 6.45% 3/18/2035 Senior Note 1000 99.869 6.47 215
MetLife Inc. (USD) 6.35% 3/15/2055 Subordinated Debenture, Issued 1000 100
BAT Cap Corp. (USD) 5.625% 8/15/2035 Senior Note 1000 99.95 5.63 135

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 3/7/25 – 3/14/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 WBA 4.8 11/18/2044 4.80% 11/18/44 9.00% 87.91 80.65 26
2 TENN 1.125 6/9/2041 1.13% 06/09/41 3.07% 72.03 69.89 22
3 PROXBB 0.75 11/17/2036 0.75% 11/17/36 2.12% 72.23 70.74 16
4 GARUDA 6.5 12/28/2031 7.25% 12/28/31 1.87% 68.01 66.76 4
5 CAG 6.625 8/15/2039 6.63% 08/15/39 1.79% 104.67 102.82 4
6 BFALA 3.75 10/30/2027 REGS 3.75% 10/30/27 1.57% 97.64 96.13 17
7 PFGLN 8.875 1/13/2032 8.88% 01/13/32 1.54% 87.47 86.13 16
8 KCMA 2.431 7/1/2031 REGS 2.43% 07/01/31 1.53% 87.99 86.66 12
9 VRLAFP 1.875 11/10/2031 1.88% 11/10/31 1.31% 94.74 93.52 19
10 LUMN 4.125 4/15/2030 144A 4.13% 04/15/30 1.24% 91.66 90.53 15

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 3/7/25 – 3/14/25

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 KSS 4.625 5/1/2031 4.63% 05/01/31 -8.10% 70.12 76.31 24
2 LITHUN 2.1 5/26/2047 2.10% 05/26/47 -4.88% 73.80 77.59 12
3 LIN 1 9/30/2051 1.00% 09/30/51 -4.72% 52.10 54.68 13
4 ALVGR 2.6 PERP 2.60% NULL -4.28% 80.17 83.76 23
5 RE 3.125 10/15/2052 3.13% 10/15/52 -4.15% 60.23 62.83 14
6 MDT 1.625 10/15/2050 1.63% 10/15/50 -4.06% 58.60 61.08 17
7 PEP 1.05 10/9/2050 1.05% 10/09/50 -3.69% 55.61 57.74 18
8 OPI 2.4 2/1/2027 2.40% 02/01/27 -3.67% 57.97 60.19 14
9 CITCON 7.875 PERP 7.24% NULL -3.64% 95.41 99.02 16
10 EDF 2 12/9/2049 2.00% 12/09/49 -3.51% 59.92 62.10 19

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 3/7/25 – 3/14/25

 

 

 

 

 

 

 

 

 

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Wholesale -31 bps 5.51% 5.81%
2 Metals & Mining -11 bps 4.79% 4.90%
3 Consumer Goods: Durable -7 bps 4.25% 4.33%
4 Energy: Electricity -6 bps 4.21% 4.26%
5 Telecommunications -4 bps 4.53% 4.57%
6 Sovereign & Public Finance -4 bps 3.99% 4.03%
7 Forest Products & Paper -1 bps 4.46% 4.47%
8 Utilities: Water 0 bps 4.91% 4.91%
9 Transportation: Consumer 1 bps 4.88% 4.88%
10 Utilities: Oil & Gas 2 bps 4.66% 4.64%

Bottom 10 Industry Performers

Showcases the bottom 10 IG industry performers based on the largest yield decreases between 3/7/25 – 3/14/25

 

 

 

 

 

 

 

 

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Media: Diversified & Production 152 bps 6.17% 4.65%
2 Media: Advertising, Printing & Publishing 22 bps 5.94% 5.71%
3 Finance 20 bps 5.48% 5.28%
4 Hotel, Gaming & Leisure 19 bps 4.93% 4.73%
5 Consumer Goods: Non-Durable 19 bps 4.64% 4.45%
6 Containers, Packaging, & Glass 17 bps 4.91% 4.73%
7 Services: Consumer 14 bps 5.13% 4.99%
8 Capital Equipment 14 bps 4.33% 4.19%
9 Chemicals, Plastics & Rubber 11 bps 4.94% 4.83%
10 High Tech Industries 11 bps 4.76% 4.65%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 3/7/25 – 3/14/25

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 3/7/25 – 3/14/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 3/7/25 vs. the week ending 3/14/25

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ORCL 4.9 2/6/2033 4.90% 02/06/33 248 310 62 25%
2 CE 6.6 11/15/2028 6.35% 11/15/28 257 315 58 23%
3 BFCM 2.625 11/6/2029 2.63% 11/06/29 180 230 50 28%
4 AMZN 4.25 8/22/2057 4.25% 08/22/57 196 245 49 25%
5 STANLN 3.603 1/12/2033 REGS 3.60% 01/12/33 180 228 48 27%
6 PEG 5.5 3/1/2055 5.50% 03/01/55 258 306 48 19%
7 DUK 6.05 4/15/2038 6.05% 04/15/38 148 195 47 32%
8 EXC 5.1 6/15/2045 5.10% 06/15/45 159 205 46 29%
9 DOW 5.25 11/15/2041 5.25% 11/15/41 197 243 46 23%
10 USB 5.384 1/23/2030 5.86% 01/23/30 139 184 45 32%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 3/7/25 – 3/14/25

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 NEE 5.3 6/15/2034 5.30% 06/15/34 40
2 NEE 5.7 3/15/2055 5.70% 03/15/55 38
3 MARS 5.2 3/1/2035 144A 5.20% 03/01/35 37
4 NEE 5.9 3/15/2055 5.90% 03/15/55 37
5 HSBC 6.95 PERP 7.56% NULL 37
6 NEE 5.45 3/15/2035 5.45% 03/15/35 37
7 MARS 5.8 5/1/2065 144A 5.80% 05/01/65 36
8 MARS 4.8 3/1/2030 144A 4.80% 03/01/30 36
9 NSANY 4.81 9/17/2030 REGS 4.81% 09/17/30 36
10 BHP 5.25 9/8/2033 5.25% 09/08/33 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 3/7/25 – 3/14/25

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 3/7/25 – 3/14/25

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