Corporates

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Investment Grade Corporate Bond Market Summary:
Week Ending 4/11/25

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 4/11/25, issue size of $50 million and larger

 

 

 

 

 

 

 

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PRC AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
Paychex Inc. Senior Notes 1500 99.72 5.164 125
Keysight Technologies Inc. Senior Notes 750 99.76 5.396 140

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 4/4/25 – 4/11/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 TMO 1.875 10/1/2049 1.88% 10/01/49 5.02% 65.95 62.80 17
2 ORAFP 1.375 9/4/2049 1.38% 09/04/49 4.90% 64.00 61.02 19
3 MLFP 3.25 9/30/2045 3.25% 09/30/45 3.27% 91.70 88.79 8
4 AMPRIO 4 5/21/2044 4.00% 05/21/44 3.27% 97.94 94.85 16
5 PG 0.9 11/4/2041 0.90% 11/04/41 2.45% 68.72 67.08 15
6 ENEXIS 3.625 4/9/2037 3.63% 04/09/37 1.75% 101.31 99.56 11
7 MSFT 2.625 5/2/2033 2.63% 05/02/33 1.34% 98.71 97.41 16
8 TENN 0.5 11/30/2040 0.50% 11/30/40 1.31% 70.73 69.81 21
9 ENGIFP 4.25 3/6/2044 4.25% 03/06/44 1.29% 98.06 96.81 19
10 ENBW 3.75 11/20/2035 3.75% 11/20/35 1.16% 99.44 98.30 18

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 4/4/25 – 4/11/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 VFC 6.45 11/1/2037 6.45% 11/01/37 -16.36% 81.08 96.94 16
2 LASUDE 5 7/28/2026 5.00% 07/28/26 -13.99% 56.69 65.91 13
3 TELVIS 5.25 5/24/2049 5.25% 05/24/49 -11.95% 64.72 73.51 13
4 AEGON FLT PERP 3.06% NULL -11.40% 76.82 86.70 12
5 SWK 4.85 11/15/2048 4.85% 11/15/48 -11.08% 76.08 85.56 18
6 PTTEPT 3.903 12/6/2059 REGS 3.90% 12/06/59 -10.89% 67.57 75.83 15
7 FMC 6.375 5/18/2053 6.38% 05/18/53 -10.47% 85.76 95.79 19
8 TEMASE 2.5 10/6/2070 REGS 2.50% 10/06/70 -10.24% 54.37 60.57 18
9 THAMES 1.771 8/28/2057 1.77% 08/28/59 -10.22% 55.69 62.03 13
10 JAPTOB 3.3 9/14/2051 3.30% 09/14/51 -10.17% 60.45 67.30 15

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 4/4/25 – 4/11/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Media: Advertising, Printing & Publishing -1 bps 6.95% 6.96%
2 Energy: Electricity 13 bps 4.30% 4.17%
3 Utilities: Water 22 bps 4.98% 4.76%
4 Services: Consumer 23 bps 5.30% 5.08%
5 Construction & Building 29 bps 4.50% 4.22%
6 Utilities: Oil & Gas 29 bps 4.78% 4.49%
7 Consumer Goods: Non-Durable 29 bps 4.83% 4.54%
8 Telecommunications 30 bps 4.69% 4.39%
9 Insurance 30 bps 4.93% 4.63%
10 Media: Broadcasting & Subscription 31 bps 4.72% 4.41%

Bottom 10 Industry Performers

Showcases the bottom 10 IG industry performers based on the largest yield decreases between 4/4/25 – 4/11/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Finance 77 bps 5.69% 4.92%
2 Aerospace & Defense 56 bps 5.72% 5.16%
3 Environmental Industries 53 bps 4.88% 4.34%
4 Transportation: Consumer 52 bps 5.47% 4.95%
5 Real Estate 50 bps 6.52% 6.02%
6 Containers, Packaging, & Glass 48 bps 5.13% 4.66%
7 Banking 47 bps 4.64% 4.17%
8 Media: Diversified & Production 47 bps 4.63% 4.16%
9 Forest Products & Paper 46 bps 4.63% 4.16%
10 Metals & Mining 46 bps 5.17% 4.71%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 4/4/25 – 4/11/25

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 4/4/25 – 4/11/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 4/4/25 vs. the week ending 4/11/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ROMANI 6.125 1/22/2044 REGS 6.13% 01/22/44 23 194 171 743%
2 FRLBP 1 2/9/2028 REGS 1.00% 02/09/28 39 205 166 426%
3 STSP 3.875 8/28/2028 3.88% 08/28/28 34 193 159 468%
4 ACAFP 10/21/2025 REGS #VALUE! 10/21/25 36 185 149 414%
5 MUBAUH 4.5 11/7/2028 REGS 4.50% 11/07/28 30 178 148 493%
6 MUBAUH 3.7 11/7/2049 REGS 3.70% 11/07/49 26 170 144 554%
7 MUBAUH 2.5 6/3/2031 2.50% 06/03/31 15 147 132 880%
8 MUBAUH 2.875 5/21/2030 2.88% 05/21/30 15 138 123 820%
9 MUBAUH 3.95 5/21/2050 3.95% 05/21/50 14 136 122 871%
10 GMGAU 4.5 10/15/2037 REGS 4.50% 10/15/37 26 146 120 462%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 4/4/25 – 4/11/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 MARS 5.2 3/1/2035 144A 5.20% 03/01/35 39
2 MARS 5.65 5/1/2045 144A 5.65% 05/01/45 39
3 JPM 5.502 1/24/2036 5.69% 01/24/36 38
4 TOYOTA 4.95 1/9/2030 4.95% 01/09/30 38
5 MARS 5.7 5/1/2055 144A 5.70% 05/01/55 38
6 NEE 5.45 3/15/2035 5.45% 03/15/35 38
7 MARS 5.8 5/1/2065 144A 5.80% 05/01/65 37
8 INGA 5.525 3/25/2036 5.53% 03/25/36 36
9 VZ 2.355 3/15/2032 2.36% 03/15/32 36
10 WM 4.95 3/15/2035 4.95% 03/15/35 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 4/4/25 – 4/11/25

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 4/4/25 – 4/11/25

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