Investment Grade Corporate Bond Market Summary – Week Ending 5/30/25
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Investment Grade Corporate Bond Market Summary: Week Ending 5/30/25
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 5/30/25, issue size of $50 million and larger
| ISSUE | COLLATERAL TYPE | AMT ISSUED (MM) | PRC AT ISSUANCE | YIELD AT ISSUANCE (%) | SPREAD AT ISSUE |
|---|---|---|---|---|---|
| HSBC Holdings PLC (USD) 7.05% PERP | Convertible Subordinated Notes | 2000 | 100 | ||
| BNG Bank NV (USD) 4.625% 6/4/2035 144A | Senior Notes | 2000 | 99.834 | 4.65 | 71 |
| National Australia Bank (USD) 4.37% 6/3/2030 144A | Covered Bonds | 1750 | 100 | 4.37 | 71 |
| AT&T Inc. (USD) 6.05% 8/15/2056 | Global Notes | 1250 | 99.364 | 6.09 | 70 |
| AT&T Inc. (USD) 5.375% 8/15/2035 | Global Notes | 1250 | 99.887 | 5.39 | 37.5 |
| Omnis Funding Trust (USD) 6.722% 5/15/2055 | Guaranteed Trust Secured Notes | 1000 | 100 | 6.72 | 175 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 5/23/25 – 5/30/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | GLENLN 5.893 4/4/2054 REGS | 5.89% | 04/04/54 | 5.11% | 95.57 | 90.92 | 28 |
| 2 | WBD 5.2 9/20/2047 | 5.20% | 09/20/47 | 4.69% | 69.94 | 66.81 | 16 |
| 3 | SBNY 4 10/15/2030 | 4.00% | 10/15/30 | 4.68% | 57.17 | 54.61 | 12 |
| 4 | INTC 3.1 2/15/2060 | 3.10% | 02/15/60 | 4.54% | 54.05 | 51.70 | 18 |
| 5 | NWMLIC 3.625 9/30/2059 144A | 3.63% | 09/30/59 | 4.43% | 66.48 | 63.66 | 17 |
| 6 | HPP 3.25 1/15/2030 | 3.25% | 01/15/30 | 4.37% | 67.51 | 64.68 | 20 |
| 7 | LLY 1.375 9/14/2061 | 1.38% | 09/14/61 | 4.24% | 50.66 | 48.60 | 15 |
| 8 | CVS 6 6/1/2063 | 6.00% | 06/01/63 | 4.20% | 91.83 | 88.13 | 22 |
| 9 | ALL 3.85 8/10/2049 | 3.85% | 08/10/49 | 4.17% | 73.45 | 70.51 | 19 |
| 10 | ADSEZ 5 8/2/2041 REGS | 5.00% | 08/02/41 | 4.16% | 78.61 | 75.46 | 21 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 5/23/25 – 5/30/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | PACW 3.25 5/1/2031 | 3.25% | 05/01/31 | -3.06% | 86.76 | 89.50 | 10 |
| 2 | VNKRLE 3.975 11/9/2027 | 3.98% | 11/09/27 | -2.43% | 80.58 | 82.58 | 18 |
| 3 | IVN 7.875 1/23/2030 REGS | 7.88% | 01/23/30 | -2.17% | 97.51 | 99.68 | 23 |
| 4 | CDEL 6.3 9/8/2053 144A | 6.30% | 09/08/53 | -1.45% | 95.79 | 97.20 | 18 |
| 5 | SECO 5.684 4/11/2053 | 5.68% | 04/11/53 | -1.45% | 94.58 | 95.97 | 17 |
| 6 | RBOSGR 2.95 7/11/2039 | 2.95% | 07/11/39 | -1.10% | 89.41 | 90.40 | 7 |
| 7 | HYSAN 7.2 PERP | 7.20% | NULL | -0.75% | 96.77 | 97.50 | 16 |
| 8 | PETRPE 5.625 6/19/2047 REGS | 5.63% | 06/19/47 | -0.72% | 60.17 | 60.61 | 18 |
| 9 | NSANY 7.05 9/15/2028 REGS | 7.05% | 09/15/28 | -0.61% | 101.56 | 102.18 | 27 |
| 10 | HSBC 3.4 6/29/2027 | 3.40% | 06/29/27 | -0.60% | 100.61 | 101.21 | 6 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 5/23/25 – 5/30/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Utilities: Electric | -18 bps | 4.36% | 4.54% |
| 2 | Consumer Goods: Durable | -14 bps | 4.08% | 4.22% |
| 3 | Environmental Industries | -14 bps | 4.49% | 4.63% |
| 4 | Automotive | -13 bps | 4.59% | 4.71% |
| 5 | Energy: Oil & Gas | -11 bps | 5.38% | 5.49% |
| 6 | Capital Equipment | -10 bps | 3.92% | 4.03% |
| 7 | Media: Broadcasting & Subscription | -10 bps | 4.42% | 4.52% |
| 8 | Beverage, Food & Tobacco | -9 bps | 4.10% | 4.19% |
| 9 | Construction & Building | -9 bps | 4.41% | 4.50% |
| 10 | Consumer Goods: Non-Durable | -9 bps | 4.20% | 4.29% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 5/23/25 – 5/30/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Hotel, Gaming & Leisure | 11519 bps | 120.06% | 4.88% |
| 2 | Finance | 74 bps | 6.49% | 5.75% |
| 3 | Wholesale | 33 bps | 5.46% | 5.13% |
| 4 | Sovereign & Public Finance | 22 bps | 3.87% | 3.65% |
| 5 | Banking | 21 bps | 4.59% | 4.38% |
| 6 | Media: Diversified & Production | 19 bps | 4.63% | 4.44% |
| 7 | Transportation: Consumer | 9 bps | 4.99% | 4.90% |
| 8 | Insurance | 8 bps | 4.74% | 4.66% |
| 9 | Telecommunications | -1 bps | 4.39% | 4.40% |
| 10 | Services: Consumer | -1 bps | 5.12% | 5.14% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 5/23/25 – 5/30/25 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 5/23/25 – 5/30/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 5/23/25 vs. the week ending 5/30/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | MARS 5.2 3/1/2035 REGS | 5.20% | 03/01/35 | 42 | 360 | 318 | 757% |
| 2 | JBLU 9.875 9/20/2031 REGS | 9.88% | 09/20/31 | 5 | 322 | 317 | 6340% |
| 3 | MARS 5.7 5/1/2055 REGS | 5.70% | 05/01/55 | 38 | 348 | 310 | 816% |
| 4 | MARS 5.65 5/1/2045 REGS | 5.65% | 05/01/45 | 28 | 336 | 308 | 1100% |
| 5 | MARS 5.8 5/1/2065 REGS | 5.80% | 05/01/65 | 15 | 312 | 297 | 1980% |
| 6 | AVGO 3.469 4/15/2034 REGS | 3.47% | 04/15/34 | 23 | 313 | 290 | 1261% |
| 7 | DUK 5.45 6/15/2034 | 5.45% | 06/15/34 | 55 | 339 | 284 | 516% |
| 8 | MARS 4.8 3/1/2030 REGS | 4.80% | 03/01/30 | 29 | 311 | 282 | 972% |
| 9 | DTE 5.85 6/1/2034 | 5.85% | 06/01/34 | 53 | 334 | 281 | 530% |
| 10 | AVGO 4.926 5/15/2037 REGS | 4.93% | 05/15/37 | 1 | 281 | 280 | 28000% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 5/23/25 – 5/30/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AAPL 4.2 5/12/2030 | 4.20% | 05/12/30 | 39 |
| 2 | STANLN 1 5/13/2031 REGS | 5.39% | 05/13/31 | 39 |
| 3 | STANLN 5.244 5/13/2031 144A | 5.39% | 05/13/31 | 39 |
| 4 | DTE 5.25 5/15/2035 | 5.25% | 05/15/35 | 37 |
| 5 | T 5.4 2/15/2034 | 5.40% | 02/15/34 | 37 |
| 6 | DTE 5.85 5/15/2055 | 5.85% | 05/15/55 | 37 |
| 7 | GOOGL 4 5/15/2030 | 4.00% | 05/15/30 | 36 |
| 8 | CMI 5.3 5/9/2035 | 5.30% | 05/09/35 | 36 |
| 9 | GM 5.625 4/15/2030 | 5.63% | 04/15/30 | 36 |
| 10 | UBS 5.699 2/8/2035 144A | 5.81% | 02/08/35 | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 5/23/25 – 5/30/25 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 5/23/25 – 5/30/25
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