Investment Grade Corporate Bond Market Summary – Week Ending 9/19/25
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Investment Grade Corporate Bond Market Summary: Week Ending 9/19/25
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 9/19/25, issue size of $50 million and larger
| ISSUE | COLLATERAL TYPE | AMT ISSUED (MM) | PRC AT ISSUANCE | YIELD AT ISSUANCE (%) | SPREAD AT ISSUE |
|---|---|---|---|---|---|
| AT&T Inc. (USD) 5.7% 11/1/2054 | Global Notes | 1500 | 99.484 | 5.74 | – |
| KBC Group NV (USD) 4.454% 9/23/2031 Reg S | Notes | 1350 | 100 | 4.45 | – |
| KBC Group NV (USD) 4.454% 9/23/2031 144A | Notes | 1350 | 100 | 4.45 | – |
| Santander UK Group Hldg PLC (USD) 4.32% 9/22/2029 | Global Notes | 1350 | 100 | 4.32 | 82 |
| Royal Bank of Canada (USD) 6.5% 11/24/2085 | Notes | 1350 | 100 | 6.50 | – |
| AT&T Inc. (USD) 4.9% 11/1/2035 | Global Notes | 1250 | 99.693 | 4.94 | – |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 9/12/25 – 9/19/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | SBNY 4 10/15/2030 | 4.00% | 10/15/30 | 9.10% | 65.47 | 60.01 | 14 |
| 2 | LASUDE 5 7/28/2026 | 5.00% | 07/28/26 | 6.94% | 55.11 | 51.53 | 12 |
| 3 | WBD 4.279 3/15/2032 | 4.28% | 03/15/32 | 4.82% | 86.06 | 82.10 | 6 |
| 4 | TCOM 0.75 6/15/2029 | 0.75% | 06/15/29 | 3.89% | 131.21 | 126.30 | 5 |
| 5 | NANFUN 5 PERP | 5.00% | NULL | 3.81% | 74.75 | 72.01 | 12 |
| 6 | PETRPE 5.625 6/19/2047 144A | 5.63% | 06/19/47 | 3.50% | 73.53 | 71.05 | 19 |
| 7 | VFC 0.625 2/25/2032 | 0.63% | 02/25/32 | 3.26% | 74.47 | 72.13 | 15 |
| 8 | CKINF 4.2 PERP | 4.20% | NULL | 3.18% | 73.63 | 71.36 | 12 |
| 9 | FUNOTR 6.39 1/15/2050 REGS | 6.39% | 01/15/50 | 3.00% | 92.66 | 89.96 | 12 |
| 10 | SCCOMX 4.5 1/26/2050 REGS | 4.50% | 01/26/50 | 2.84% | 82.54 | 80.27 | 13 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 9/12/25 – 9/19/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | UGI 5 6/1/2028 | 5.00% | 06/01/28 | -2.91% | 127.35 | 131.16 | 5 |
| 2 | CMCSA 5.5 5/15/2064 | 5.50% | 05/15/64 | -1.94% | 94.93 | 96.81 | 28 |
| 3 | BMY 6.4 11/15/2063 | 6.40% | 11/15/63 | -1.86% | 110.52 | 112.61 | 23 |
| 4 | EIX 5.875 12/1/2053 | 5.88% | 12/01/53 | -1.71% | 97.91 | 99.61 | 19 |
| 5 | AAPL 2.8 2/8/2061 | 2.80% | 02/08/61 | -1.66% | 60.94 | 61.97 | 25 |
| 6 | AEGON FLT PERP | 3.00% | NULL | -1.59% | 76.40 | 77.63 | 10 |
| 7 | IBM 5.3 2/5/2054 | 5.30% | 02/05/54 | -1.56% | 95.76 | 97.28 | 28 |
| 8 | UNH 5.875 2/15/2053 | 5.88% | 02/15/53 | -1.50% | 102.85 | 104.42 | 23 |
| 9 | PFE 5.34 5/19/2063 | 5.34% | 05/19/63 | -1.41% | 95.09 | 96.45 | 25 |
| 10 | BNSF 5.2 4/15/2054 | 5.20% | 04/15/54 | -1.40% | 96.26 | 97.63 | 27 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 9/12/25 – 9/19/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Services: Business | -38 bps | 7.83% | 8.21% |
| 2 | Services: Consumer | -24 bps | 4.54% | 4.78% |
| 3 | Consumer Goods: Durable | -19 bps | 3.77% | 3.96% |
| 4 | Containers, Packaging, & Glass | -14 bps | 3.92% | 4.06% |
| 5 | Retail | -8 bps | 4.34% | 4.43% |
| 6 | Transportation: Consumer | -7 bps | 4.50% | 4.57% |
| 7 | Telecommunications | -5 bps | 4.15% | 4.20% |
| 8 | Energy: Electricity | -5 bps | 4.80% | 4.85% |
| 9 | Utilities: Electric | -5 bps | 4.04% | 4.08% |
| 10 | Metals & Mining | -3 bps | 4.31% | 4.34% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 9/12/25 – 9/19/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Energy: Oil & Gas | 28 bps | 5.14% | 4.86% |
| 2 | Sovereign & Public Finance | 24 bps | 3.86% | 3.62% |
| 3 | Wholesale | 22 bps | 5.19% | 4.97% |
| 4 | Media: Advertising, Printing & Publishing | 19 bps | 6.08% | 5.89% |
| 5 | Real Estate | 18 bps | 5.91% | 5.73% |
| 6 | Finance | 14 bps | 5.57% | 5.43% |
| 7 | Aerospace & Defense | 11 bps | 4.90% | 4.79% |
| 8 | Hotel, Gaming & Leisure | 9 bps | 4.52% | 4.43% |
| 9 | Media: Diversified & Production | 8 bps | 4.31% | 4.22% |
| 10 | Media: Broadcasting & Subscription | 8 bps | 4.22% | 4.14% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 9/12/25 – 9/19/25 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 9/12/25 – 9/19/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 9/12/25 vs. the week ending 9/19/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | AEE 5.25 4/15/2035 | 5.25% | 04/15/35 | 73 | 213 | 140 | 192% |
| 2 | CM 4.857 3/30/2029 | 2.24% | 03/30/29 | 121 | 231 | 110 | 91% |
| 3 | ROMANI 5.875 7/11/2032 144A | 5.88% | 07/11/32 | 72 | 180 | 108 | 150% |
| 4 | STENGE 3.25 4/14/2029 144A | 3.25% | 04/14/29 | 24 | 128 | 104 | 433% |
| 5 | OTIS 5.131 9/4/2035 | 5.13% | 09/04/35 | 181 | 248 | 67 | 37% |
| 6 | AAP 7.375 8/1/2033 144A | 7.38% | 08/01/33 | 134 | 198 | 64 | 48% |
| 7 | PPL 3.395 4/9/2030 REGS | 3.40% | 04/09/30 | 83 | 145 | 62 | 75% |
| 8 | HUANEN 3.08 PERP | 3.08% | NULL | 1 | 60 | 59 | 5900% |
| 9 | LMT 6.15 9/1/2036 | 6.15% | 09/01/36 | 36 | 95 | 59 | 164% |
| 10 | CPGX 6.042 8/15/2028 REGS | 6.04% | 08/15/28 | 92 | 151 | 59 | 64% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 9/12/25 – 9/19/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | T 5.375 8/15/2035 | 5.38% | 08/15/35 | 38 |
| 2 | T 6.05 8/15/2056 | 6.05% | 08/15/56 | 37 |
| 3 | HSBC 8 PERP | 7.69% | NULL | 37 |
| 4 | VZ 5.25 4/2/2035 | 5.25% | 04/02/35 | 36 |
| 5 | AVGO 2.45 2/15/2031 REGS | 2.45% | 02/15/31 | 36 |
| 6 | T 4.7 8/15/2030 | 4.70% | 08/15/30 | 36 |
| 7 | T 5.4 2/15/2034 | 5.40% | 02/15/34 | 36 |
| 8 | AVGO 2.45 2/15/2031 144A | 2.45% | 02/15/31 | 36 |
| 9 | ACAFP 5.862 1/9/2036 144A | 5.88% | 01/09/36 | 35 |
| 10 | BACR 5.367 2/25/2031 | 5.37% | 02/25/31 | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 9/12/25 – 9/19/25 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 9/12/25 – 9/19/25
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