Investment Grade Corporate Bond Market Summary – Week Ending 3/14/25
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Investment Grade Corporate Bond Market Summary: Week Ending 3/14/25
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 3/14/25, issue size of $50 million and larger
| ISSUE | COLLATERAL TYPE | AMT ISSUED (MM) | PRC AT ISSUANCE | YIELD AT ISSUANCE (%) | SPREAD AT ISSUE |
|---|---|---|---|---|---|
| Canada Mortgage & Housing (CAD) 2.85% 6/15/2030 | Note | 8500 | 99.785 | 2.9 | 18 |
| European Investment Bank (USD) 3.875% 6/15/2028 | Senior Note | 4000 | |||
| Stellantis Finance US Inc. (USD) 6.45% 3/18/2035 | Senior Note | 1000 | 99.869 | 6.47 | 215 |
| MetLife Inc. (USD) 6.35% 3/15/2055 | Subordinated Debenture, Issued | 1000 | 100 | ||
| BAT Cap Corp. (USD) 5.625% 8/15/2035 | Senior Note | 1000 | 99.95 | 5.63 | 135 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 3/7/25 – 3/14/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | WBA 4.8 11/18/2044 | 4.80% | 11/18/44 | 9.00% | 87.91 | 80.65 | 26 |
| 2 | TENN 1.125 6/9/2041 | 1.13% | 06/09/41 | 3.07% | 72.03 | 69.89 | 22 |
| 3 | PROXBB 0.75 11/17/2036 | 0.75% | 11/17/36 | 2.12% | 72.23 | 70.74 | 16 |
| 4 | GARUDA 6.5 12/28/2031 | 7.25% | 12/28/31 | 1.87% | 68.01 | 66.76 | 4 |
| 5 | CAG 6.625 8/15/2039 | 6.63% | 08/15/39 | 1.79% | 104.67 | 102.82 | 4 |
| 6 | BFALA 3.75 10/30/2027 REGS | 3.75% | 10/30/27 | 1.57% | 97.64 | 96.13 | 17 |
| 7 | PFGLN 8.875 1/13/2032 | 8.88% | 01/13/32 | 1.54% | 87.47 | 86.13 | 16 |
| 8 | KCMA 2.431 7/1/2031 REGS | 2.43% | 07/01/31 | 1.53% | 87.99 | 86.66 | 12 |
| 9 | VRLAFP 1.875 11/10/2031 | 1.88% | 11/10/31 | 1.31% | 94.74 | 93.52 | 19 |
| 10 | LUMN 4.125 4/15/2030 144A | 4.13% | 04/15/30 | 1.24% | 91.66 | 90.53 | 15 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 3/7/25 – 3/14/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | KSS 4.625 5/1/2031 | 4.63% | 05/01/31 | -8.10% | 70.12 | 76.31 | 24 |
| 2 | LITHUN 2.1 5/26/2047 | 2.10% | 05/26/47 | -4.88% | 73.80 | 77.59 | 12 |
| 3 | LIN 1 9/30/2051 | 1.00% | 09/30/51 | -4.72% | 52.10 | 54.68 | 13 |
| 4 | ALVGR 2.6 PERP | 2.60% | NULL | -4.28% | 80.17 | 83.76 | 23 |
| 5 | RE 3.125 10/15/2052 | 3.13% | 10/15/52 | -4.15% | 60.23 | 62.83 | 14 |
| 6 | MDT 1.625 10/15/2050 | 1.63% | 10/15/50 | -4.06% | 58.60 | 61.08 | 17 |
| 7 | PEP 1.05 10/9/2050 | 1.05% | 10/09/50 | -3.69% | 55.61 | 57.74 | 18 |
| 8 | OPI 2.4 2/1/2027 | 2.40% | 02/01/27 | -3.67% | 57.97 | 60.19 | 14 |
| 9 | CITCON 7.875 PERP | 7.24% | NULL | -3.64% | 95.41 | 99.02 | 16 |
| 10 | EDF 2 12/9/2049 | 2.00% | 12/09/49 | -3.51% | 59.92 | 62.10 | 19 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 3/7/25 – 3/14/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Wholesale | -31 bps | 5.51% | 5.81% |
| 2 | Metals & Mining | -11 bps | 4.79% | 4.90% |
| 3 | Consumer Goods: Durable | -7 bps | 4.25% | 4.33% |
| 4 | Energy: Electricity | -6 bps | 4.21% | 4.26% |
| 5 | Telecommunications | -4 bps | 4.53% | 4.57% |
| 6 | Sovereign & Public Finance | -4 bps | 3.99% | 4.03% |
| 7 | Forest Products & Paper | -1 bps | 4.46% | 4.47% |
| 8 | Utilities: Water | 0 bps | 4.91% | 4.91% |
| 9 | Transportation: Consumer | 1 bps | 4.88% | 4.88% |
| 10 | Utilities: Oil & Gas | 2 bps | 4.66% | 4.64% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 3/7/25 – 3/14/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Media: Diversified & Production | 152 bps | 6.17% | 4.65% |
| 2 | Media: Advertising, Printing & Publishing | 22 bps | 5.94% | 5.71% |
| 3 | Finance | 20 bps | 5.48% | 5.28% |
| 4 | Hotel, Gaming & Leisure | 19 bps | 4.93% | 4.73% |
| 5 | Consumer Goods: Non-Durable | 19 bps | 4.64% | 4.45% |
| 6 | Containers, Packaging, & Glass | 17 bps | 4.91% | 4.73% |
| 7 | Services: Consumer | 14 bps | 5.13% | 4.99% |
| 8 | Capital Equipment | 14 bps | 4.33% | 4.19% |
| 9 | Chemicals, Plastics & Rubber | 11 bps | 4.94% | 4.83% |
| 10 | High Tech Industries | 11 bps | 4.76% | 4.65% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 3/7/25 – 3/14/25 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 3/7/25 – 3/14/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 3/7/25 vs. the week ending 3/14/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | ORCL 4.9 2/6/2033 | 4.90% | 02/06/33 | 248 | 310 | 62 | 25% |
| 2 | CE 6.6 11/15/2028 | 6.35% | 11/15/28 | 257 | 315 | 58 | 23% |
| 3 | BFCM 2.625 11/6/2029 | 2.63% | 11/06/29 | 180 | 230 | 50 | 28% |
| 4 | AMZN 4.25 8/22/2057 | 4.25% | 08/22/57 | 196 | 245 | 49 | 25% |
| 5 | STANLN 3.603 1/12/2033 REGS | 3.60% | 01/12/33 | 180 | 228 | 48 | 27% |
| 6 | PEG 5.5 3/1/2055 | 5.50% | 03/01/55 | 258 | 306 | 48 | 19% |
| 7 | DUK 6.05 4/15/2038 | 6.05% | 04/15/38 | 148 | 195 | 47 | 32% |
| 8 | EXC 5.1 6/15/2045 | 5.10% | 06/15/45 | 159 | 205 | 46 | 29% |
| 9 | DOW 5.25 11/15/2041 | 5.25% | 11/15/41 | 197 | 243 | 46 | 23% |
| 10 | USB 5.384 1/23/2030 | 5.86% | 01/23/30 | 139 | 184 | 45 | 32% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 3/7/25 – 3/14/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NEE 5.3 6/15/2034 | 5.30% | 06/15/34 | 40 |
| 2 | NEE 5.7 3/15/2055 | 5.70% | 03/15/55 | 38 |
| 3 | MARS 5.2 3/1/2035 144A | 5.20% | 03/01/35 | 37 |
| 4 | NEE 5.9 3/15/2055 | 5.90% | 03/15/55 | 37 |
| 5 | HSBC 6.95 PERP | 7.56% | NULL | 37 |
| 6 | NEE 5.45 3/15/2035 | 5.45% | 03/15/35 | 37 |
| 7 | MARS 5.8 5/1/2065 144A | 5.80% | 05/01/65 | 36 |
| 8 | MARS 4.8 3/1/2030 144A | 4.80% | 03/01/30 | 36 |
| 9 | NSANY 4.81 9/17/2030 REGS | 4.81% | 09/17/30 | 36 |
| 10 | BHP 5.25 9/8/2033 | 5.25% | 09/08/33 | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 3/7/25 – 3/14/25 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 3/7/25 – 3/14/25
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