Corporates

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

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 7/25/25, issue size of $50 million and larger

 

 

ISSUE COLLATERAL TYPE AMT ISSUED (MM) PRC AT ISSUANCE YIELD AT ISSUANCE (%) SPREAD AT ISSUE
New York Life Global Funding (USD) 4.15% 7/25/2028 Senior Notes 600 100 4.15 40
General Electric Co. (USD) 4.3% 7/29/2030 Notes 1000 99.8 4.34 47
Travelers COS Inc. (USD) 5.05% 7/24/2035 Senior Notes 500 99.876 5.07 70
Southern Natural Gas Co. LLC (USD) 5.45% 8/1/2035 Senior Notes 300 100 5.45 110

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 7/18/25 – 7/25/25

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 ELOFR 6 3/22/2029 6.00% 22-03-2029 12.00% 104.07 92.61 23
2 KSS 5.55 7/17/2045 5.55% 17-07-2045 5.40% 57.50 54.54 23
3 MOVCHI 3.537 11/18/2031 REGS 3.54% 18-11-2031 3.40% 64.31 62.19 8
4 PANAMA 3.87 7/23/2060 3.87% 23-07-2060 3.30% 57.55 55.70 19
5 RILIN 3.625 1/12/2052 REGS 3.63% 12/01/52 3.00% 69.71 67.67 18
6 ZOUCAO 6.98 1/14/2027 6.98% 01/14/27 2.93% 96.62 93.87 4
7 NTRCN 3.95 5/13/2050 3.95% 13-05-2050 2.80% 74.04 72.05 22
8 ALB 5.65 6/1/2052 5.65% 01/06/52 2.70% 84.23 82.00 20
9 BNCN 3.5 3/30/2051 3.50% 30-03-2051 2.60% 68.73 66.98 20
10 ADM 4.016 4/16/2043 4.02% 04/16/43 2.49% 82.47 80.46 14

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 7/18/25 – 7/25/25

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 WBA 4.1 4/15/2050 4.10% 15-04-2050 -4.00% 85.35 89.23 24
2 AAP 3.9 4/15/2030 3.90% 15-04-2030 -3.00% 90.39 92.97 16
3 CERVIM FLT 2/15/2029 144A 7.22% 15-02-2029 -2.70% 96.93 99.64 20
4 DOW 1.875 3/15/2040 1.88% 15-03-2040 -1.60% 70.43 71.61 14
5 GE 4.125 9/19/2035 4.13% 09/19/35 -0.80% 104.43 105.27 10
6 RTOLN 4.375 6/27/2030 4.38% 06/27/30 -0.78% 104.57 105.40 15
7 AKZANA 3.75 9/16/2034 3.75% 09/16/34 -0.73% 99.44 100.17 13
8 GIVNVX 1.625 4/22/2032 1.63% 04/22/32 -0.65% 90.45 91.04 13
9 SKFP 3.625 6/24/2030 3.63% 06/24/30 -0.64% 100.50 101.14 10
10 WLNFP 4.125 9/12/2028 4.13% 09/12/28 -0.63% 89.74 90.31 16

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 7/18/25 – 7/25/25

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Finance -60 bps 5.56% 6.16%
2 Wholesale -46 bps 4.94% 5.41%
3 Sovereign & Public Finance -39 bps 3.75% 4.13%
4 Containers, Packaging, & Glass -27 bps 4.33% 4.60%
5 Energy: Oil & Gas -15 bps 5.20% 5.35%
6 Media: Advertising, Printing & Publishing -12 bps 5.52% 5.64%
7 Banking -12 bps 4.48% 4.60%
8 Transportation: Cargo -12 bps 4.74% 4.86%
9 Services: Consumer -11 bps 4.88% 4.99%
10 Services: Business -10 bps 5.71% 5.81%

Bottom 10 Industry Performers

Showcases the bottom 10 IG industry performers based on the largest yield decreases between 7/18/25 – 7/25/25

 

 

 

RANK INDUSTRY CHANGE YLD YLD-1W
1 Utilities: Water 31 bps 5.15% 4.84%
2 Capital Equipment 17 bps 4.34% 4.17%
3 Chemicals, Plastics & Rubber 7 bps 4.97% 4.90%
4 Utilities: Electric 3 bps 4.27% 4.24%
5 Forest Products & Paper 2 bps 4.06% 4.05%
6 Consumer Goods: Durable 1 bps 4.08% 4.06%
7 Environmental Industries 1 bps 4.24% 4.23%
8 Energy: Electricity 0 bps 4.07% 4.07%
9 Utilities: Oil & Gas 0 bps 4.45% 4.45%
10 Construction & Building 0 bps 4.38% 4.38%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 7/18/25 – 7/25/25

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 7/18/25 – 7/25/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 7/18/25 vs. the week ending 7/25/25

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BPCE 5.876 1/14/2031 144A 5.98% 01/14/31 112 229 117 104%
2 EXC 5.3 6/1/2034 5.30% 06/01/34 160 265 105 66%
3 ATDBCN 5.617 2/12/2054 REGS 5.62% 02/12/54 140 244 104 74%
4 EXC 5.65 6/1/2054 5.65% 06/01/54 152 256 104 68%
5 MARS 2.375 7/16/2040 REGS 2.38% 07/16/40 145 243 98 68%
6 ATDBCN 4.5 7/26/2047 REGS 4.50% 07/26/47 108 194 86 80%
7 NGGLN 3.025 6/27/2050 REGS 3.03% 06/27/50 74 156 82 111%
8 NGGLN 2.759 1/10/2032 REGS 2.76% 01/10/32 89 171 82 92%
9 DTGG 5.375 1/13/2032 144A 5.38% 01/13/32 59 139 80 136%
10 DTGG 5.375 1/13/2032 REGS 5.38% 01/13/32 59 139 80 136%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 7/18/25 – 7/25/25

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 DUK 5.25 3/15/2035 5.25% 03/15/35 37
2 HNDA 5.337 7/8/2035 5.34% 07/08/35 37
3 AVGO 4.9 7/15/2032 4.90% 07/15/32 37
4 GS 5.536 1/28/2036 5.68% 01/28/36 37
5 HSBC 8 PERP 8.00% 09/07/99 36
6 NEE 5.9 3/15/2055 5.90% 03/15/55 36
7 T 6.05 8/15/2056 6.05% 08/15/56 36
8 DUK 5.55 3/15/2055 5.55% 03/15/55 36
9 NI 5.85 4/1/2055 5.85% 04/01/55 36
10 VZ 5.25 4/2/2035 5.25% 04/02/35 36

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 7/18/25 – 7/25/25

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 7/18/25 – 7/25/25

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