Corporates

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Investment Grade Corporate Bond Market Summary:
Week Ending 5/2/25

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 5/2/25, issue size of $50 million and larger

 

 

 

 

 

 

 

 

 

 

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PRC AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
Weir Group PLC (USD) 5.35% 5/6/2030 Senior Notes 800 99.931 5.37 160
Tyco Electronics Group SA (USD) 4.5% 2/9/2031 Senior Notes 450 99.516 4.6 83
Southwestern Public Service Co. (USD) 5.3% 5/15/2035 First Mortgage Note 500 99.79 5.33 115

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 4/25/25 – 5/2/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 HAS 5.1 5/15/2044 5.10% 05/15/44 5.65% 86.68 82.04 12
2 TSINGH 5.375 1/31/2023 5.38% 01/31/23 5.22% 84.00 79.83 10
3 MEXCAT 5.5 10/31/2046 REGS 5.50% 10/31/46 3.76% 79.41 76.53 14
4 BACR 1 2/16/2029 1.00% 02/16/29 3.42% 102.53 99.14 4
5 LLOYDS 6 11/1/2033 REGS 6.00% 11/01/33 3.39% 100.30 97.01 7
6 GLW 4.75 3/15/2042 4.75% 03/15/42 3.34% 88.69 85.82 16
7 PENOMX 4.75 8/6/2050 REGS 4.75% 08/06/50 3.21% 73.84 71.54 16
8 PARA 5.9 10/15/2040 5.90% 10/15/40 3.20% 86.96 84.26 13
9 EA 2.95 2/15/2051 2.95% 02/15/51 2.99% 62.26 60.45 19
10 AZN 4.375 8/17/2048 4.38% 08/17/48 2.97% 84.98 82.53 23

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 4/25/25 – 5/2/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 SAVE 11 3/6/2030 144A 11.00% 03/12/30 -5.94% 79.13 84.12 8
2 WHR 5.15 3/1/2043 5.15% 03/01/43 -4.41% 76.96 80.52 15
3 MLFP 3.25 9/30/2045 3.25% 09/30/45 -3.73% 89.43 92.89 7
4 TMO 1.875 10/1/2049 1.88% 10/01/49 -3.39% 63.77 66.01 15
5 WPLAU 5.7 9/12/2054 5.70% 09/12/54 -3.36% 85.00 87.96 12
6 ROMANI 3.375 1/28/2050 REGS 3.38% 01/28/50 -3.35% 57.82 59.83 18
7 MDT 1.625 10/15/2050 1.63% 10/15/50 -3.19% 59.48 61.43 16
8 EIX 6.2 9/15/2055 6.20% 09/15/55 -3.17% 94.37 97.46 29
9 DHR 1.8 9/18/2049 1.80% 09/18/49 -3.15% 64.27 66.36 15
10 KO 3.75 8/15/2053 3.75% 08/15/53 -3.13% 93.42 96.44 15

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 4/25/25 – 5/2/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Media: Advertising, Printing & Publishing -111 bps 5.48% 6.59%
2 Media: Diversified & Production -43 bps 4.10% 4.53%
3 Transportation: Consumer -22 bps 4.89% 5.10%
4 Wholesale -15 bps 5.85% 6.00%
5 Automotive -7 bps 4.72% 4.79%
6 Forest Products & Paper -7 bps 4.32% 4.39%
7 Insurance -6 bps 4.65% 4.71%
8 Healthcare & Pharmaceuticals -5 bps 4.35% 4.40%
9 High Tech Industries -5 bps 4.65% 4.70%
10 Capital Equipment -5 bps 3.98% 4.03%

Bottom 10 Industry Performers

Showcases the bottom 10 IG industry performers based on the largest yield decreases between 4/25/25 – 5/2/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Energy: Electricity 77 bps 8.03% 7.27%
2 Consumer Goods: Durable 24 bps 4.30% 4.06%
3 Services: Consumer 19 bps 5.04% 4.85%
4 Sovereign & Public Finance 17 bps 3.77% 3.60%
5 Banking 13 bps 4.53% 4.40%
6 Chemicals, Plastics & Rubber 10 bps 5.19% 5.08%
7 Utilities: Water 8 bps 5.16% 5.09%
8 Utilities: Electric 7 bps 4.52% 4.44%
9 Services: Business 6 bps 4.11% 4.05%
10 Energy: Oil & Gas 6 bps 5.44% 5.39%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 4/25/25 – 5/2/25

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 4/25/25 – 5/2/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 4/25/25 vs. the week ending 5/2/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BA 6.528 5/1/2034 6.53% 05/01/34 88 222 134 152%
2 BA 6.858 5/1/2054 6.86% 05/01/54 81 211 130 160%
3 BA 6.298 5/1/2029 6.30% 05/01/29 69 170 101 146%
4 BAC 6.625 PERP 6.63% 09/09/99 15 105 90 600%
5 KMI 7.75 10/15/2035 7.75% 01/15/32 8 91 83 1038%
6 ENFRAG 5.375 12/30/2030 144A 5.38% 12/30/30 86 146 60 70%
7 VZ 4.78 2/15/2035 4.78% 02/15/35 50 107 57 114%
8 GOOGL 1.1 8/15/2030 1.10% 08/15/30 265 311 46 17%
9 PTTGC 5.2 3/30/2052 144A 5.20% 03/30/52 30 75 45 150%
10 MS 5.664 4/17/2036 6.15% 04/17/36 236 280 44 19%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 4/25/25 – 5/2/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 MARS 5.2 3/1/2035 144A 5.20% 03/01/35 38
2 JPM 5.502 1/24/2036 5.71% 01/24/36 37
3 MARS 5.7 5/1/2055 144A 5.70% 05/01/55 37
4 MARS 5.8 5/1/2065 144A 5.80% 05/01/65 36
5 GS 5.536 1/28/2036 5.77% 01/28/36 36
6 BAC 5.511 1/24/2036 5.70% 01/24/36 36
7 MARS 5.65 5/1/2045 144A 5.65% 05/01/45 35
8 MS 5.587 1/18/2036 5.81% 01/18/36 35
9 MARS 4.8 3/1/2030 144A 4.80% 03/01/30 34
10 GOOGL 2.05 8/15/2050 2.05% 08/15/50 34

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 4/25/25 – 5/2/25

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 4/25/25 – 5/2/25

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