Investment Grade Corporate Bond Market Summary – Week Ending 8/22/25
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Investment Grade Corporate Bond Market Summary: Week Ending 8/22/25
Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
New Issues
IG Corp bond new issues for the week ending 8/22/25, issue size of $50 million and larger
| ISSUE | COLLATERAL TYPE | AMT ISSUED (MM) | PRC AT ISSUANCE | YIELD AT ISSUANCE (%) | SPREAD AT ISSUE |
|---|---|---|---|---|---|
| Intl. Bank For Reconstruction And Development (USD) 4.375% 8/27/2035 | Notes | 5000 | 100 | – | 60 |
| European Investment Bank (USD) 3.875% 10/15/2030 | Global Notes | 4000 | 99.99 | 3.88 | 39 |
| Allianz SE (USD) 6.55% PERP Reg S | Notes | 1250 | 100 | – | – |
| Eli Lilly & Co. (USD) 4.9% 10/15/2035 | Senior Notes | 1250 | 99.917 | 4.91 | 57 |
| Charter Communications Operating LLC (USD) 5.85% 12/1/2035 | Senior Secured Notes | 1250 | 99.932 | 5.86 | 152 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 8/15/25 – 8/22/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | PSUBIO FLT 9/30/2028 REGS | 6.52% | 09/30/28 | 4.34% | 84.35 | 80.84 | 16 |
| 2 | EMTESA 5.125 5/2/2049 144A | 5.13% | 05/02/49 | 4.17% | 75.83 | 72.80 | 7 |
| 3 | OB 10 2/15/2030 144A | 10.00% | 02/15/30 | 3.31% | 66.20 | 64.08 | 17 |
| 4 | PTTGC 5.2 3/30/2052 REGS | 8.49% | 01/15/26 | 2.94% | 90.34 | 87.75 | 16 |
| 5 | AITOCU 5.125 8/11/2061 REGS | 5.13% | 08/11/61 | 2.47% | 75.53 | 73.72 | 10 |
| 6 | SECBEN 6.5 PERP 144A | 9.45% | NULL | 2.14% | 95.80 | 93.79 | 11 |
| 7 | DUGB 3.9 9/9/2050 | 3.90% | 09/09/50 | 2.00% | 74.01 | 72.55 | 12 |
| 8 | FUNOTR 6.39 1/15/2050 REGS | 6.39% | 01/15/50 | 1.85% | 89.53 | 87.91 | 12 |
| 9 | HP 5.5 12/1/2034 144A | 5.50% | 12/01/34 | 1.36% | 95.04 | 93.76 | 12 |
| 10 | KSS 4.625 5/1/2031 | 5.13% | 05/01/31 | 1.21% | 76.53 | 75.61 | 10 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 8/15/25 – 8/22/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | RAIZBZ 6.7 2/25/2037 144A | 6.70% | 02/25/37 | -2.96% | 95.75 | 98.67 | 23 |
| 2 | THAMES 8.25 4/25/2042 | 8.25% | 04/25/42 | -2.81% | 69.04 | 71.04 | 19 |
| 3 | WFC 4.75 12/7/2046 | 4.75% | 12/07/46 | -2.57% | 85.62 | 87.88 | 17 |
| 4 | INTC 3.05 8/12/2051 | 3.05% | 08/12/51 | -2.43% | 58.87 | 60.34 | 24 |
| 5 | SVTLN 1.457 8/1/2058 | 2.07% | 08/01/58 | -2.35% | 53.77 | 55.07 | 6 |
| 6 | WLNFP 4.125 9/12/2028 | 4.13% | 09/12/28 | -2.24% | 88.17 | 90.19 | 14 |
| 7 | MSFT 3.75 5/1/2043 | 375.00% | 05/01/43 | -2.09% | 82.06 | 83.81 | 7 |
| 8 | LOW 4.25 9/15/2044 | 4.25% | 09/15/44 | -2.06% | 78.40 | 80.05 | 7 |
| 9 | BLNFND 3.459 9/21/2047 | 3.46% | 09/21/47 | -2.04% | 66.97 | 68.37 | 6 |
| 10 | MS 4.375 1/22/2047 | 4.38% | 01/22/47 | -2.00% | 84.61 | 86.34 | 18 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 8/15/25 – 8/22/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Services: Business | -98 bps | 6.24% | 7.22% |
| 2 | Energy: Electricity | -22 bps | 4.73% | 4.95% |
| 3 | Energy: Oil & Gas | -6 bps | 5.12% | 5.18% |
| 4 | Aerospace & Defense | -5 bps | 5.05% | 5.10% |
| 5 | Capital Equipment | -1 bps | 4.28% | 4.29% |
| 6 | Forest Products & Paper | -1 bps | 4.02% | 4.03% |
| 7 | Utilities: Electric | 0 bps | 4.12% | 4.13% |
| 8 | Media: Advertising, Printing & Publishing | 0 bps | 6.11% | 6.11% |
| 9 | Retail | 1 bps | 4.62% | 4.62% |
| 10 | High Tech Industries | 1 bps | 4.33% | 4.32% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 8/15/25 – 8/22/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Hotel, Gaming & Leisure | 16368 bps | 168.32% | 4.65% |
| 2 | Wholesale | 63 bps | 5.45% | 4.81% |
| 3 | Real Estate | 38 bps | 6.27% | 5.90% |
| 4 | Finance | 31 bps | 6.26% | 5.95% |
| 5 | Utilities: Water | 21 bps | 5.09% | 4.88% |
| 6 | Sovereign & Public Finance | 19 bps | 3.90% | 3.70% |
| 7 | Services: Consumer | 17 bps | 4.77% | 4.60% |
| 8 | Transportation: Consumer | 10 bps | 4.59% | 4.49% |
| 9 | Automotive | 7 bps | 4.40% | 4.32% |
| 10 | Banking | 7 bps | 4.34% | 4.28% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 8/15/25 – 8/22/25 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 8/15/25 – 8/22/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 8/15/25 vs. the week ending 8/22/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | GP 2.3 4/30/2030 REGS | 2.30% | 04/30/30 | 65 | 159 | 94 | 145% |
| 2 | COMMONWEALTH BK AUSTRALIA | 4.78% | 11/27/26 | 115 | 205 | 90 | 78% |
| 3 | MTB 5.4 7/30/2035 | 5.26% | 07/30/35 | 215 | 282 | 67 | 31% |
| 4 | MPLX 4.8 2/15/2031 | 4.80% | 02/15/31 | 233 | 296 | 63 | 27% |
| 5 | PEG 4.9 8/15/2035 | 4.90% | 08/15/35 | 144 | 202 | 58 | 40% |
| 6 | PPL 5.55 8/15/2055 | 5.55% | 08/15/55 | 197 | 253 | 56 | 28% |
| 7 | STOR 5.4 4/30/2030 REGS | 5.40% | 04/30/30 | 89 | 144 | 55 | 62% |
| 8 | BSPEED 10.5 4/3/2031 REGS | 10.50% | 04/03/31 | 4 | 56 | 52 | 1300% |
| 9 | LMT 4.4 8/15/2030 | 4.40% | 08/15/30 | 259 | 308 | 49 | 19% |
| 10 | BMW 4.5 8/11/2030 144A | 4.50% | 08/11/30 | 264 | 313 | 49 | 19% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 8/15/25 – 8/22/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | HSBC 8 PERP | 8.00% | 09/07/99 | 38 |
| 2 | DE 4.375 10/15/2030 | 4.38% | 10/15/30 | 36 |
| 3 | CSCO 5.1 2/24/2035 | 5.10% | 02/24/35 | 36 |
| 4 | DUK 5.45 6/15/2034 | 5.45% | 06/15/34 | 36 |
| 5 | DUK 5.45 6/15/2034 | 5.45% | 06/15/34 | 36 |
| 6 | DUK 5.05 3/15/2035 | 5.05% | 03/15/35 | 35 |
| 7 | D 5.45 3/15/2035 | 5.45% | 03/15/35 | 35 |
| 8 | GOOGL 4.5 5/15/2035 | 4.50% | 05/15/35 | 35 |
| 9 | T 5.375 8/15/2035 | 5.38% | 08/15/35 | 35 |
| 10 | HSBC 4 PERP | 4.00% | NULL | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 8/15/25 – 8/22/25 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 8/15/25 – 8/22/25
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