Corporates
June 2025

Investment Grade Corporate Bond Market Summary – Week Ending 6/27/25

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Investment Grade Corporate Bond Market Summary: Week Ending 6/27/25

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 6/27/25, issue size of $50 million and larger

ISSUECOLLATERAL TYPEAMT ISSUED (MM)PRC AT ISSUANCEYIELD AT ISSUANCE (%)SPREAD AT ISSUE
Williams Cos Inc. (USD) 4.625% 6/30/2030 Senior Notes 750 99.92 4.64 85
Trinity Capital Inc. (USD) 6.75% 7/3/2030 Senior Notes 125 98.96 7
Takeda Pharmaceutical Co. LTD (USD) 5.9% 7/7/2035 Senior Notes 750 99.734 5.94 110
Public Storage (USD) 4.375% 7/1/2030 Senior Notes 475 99.707 4.44 65

Top 10 Performers

Showcases the top 10 IG Corp performers based on the largest bid price increases between 6/20/25 – 6/27/25

RANKBOND NAMECOUPONMATURITYCHANGEPRCPRC-1WDEALERS
1 GARUDA 6.5 12/28/2031 6.50% 12/28/31 5.83% 70.92 67.02 7
2 BAPTST 3.115 11/15/2071 3.12% 11/15/71 5.66% 56.99 53.94 4
3 FUNOTR 6.39 1/15/2050 REGS 6.39% 01/15/50 5.23% 83.26 79.12 15
4 ISRAEL 4.5 4/3/2120 4.50% 04/03/20 4.88% 70.11 66.85 15
5 VNKRLE 3.5 11/12/2029 3.50% 11/12/29 4.27% 71.53 68.60 17
6 ENFRAG 5.375 12/30/2030 144A 5.38% 12/30/30 3.21% 89.53 86.75 18
7 LIBMUT 6.5 3/15/2035 144A 6.50% 03/15/35 3.07% 104.74 101.62 14
8 WM 2.5 11/15/2050 2.50% 11/15/50 2.90% 59.50 57.82 25
9 NGGLN 4.004 8/15/2046 144A 4.00% 08/15/46 2.88% 78.41 76.22 9
10 PRNCTN 4.201 3/1/2052 4.20% 03/01/52 2.86% 83.32 81.00 5

Bottom 10 Performers

Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 6/20/25 – 6/27/25

RANKBOND NAMECOUPONMATURITYCHANGEPRCPRC-1WDEALERS
1 WLNFP 5.25 11/27/2029 5.25% 11/27/29 -13.43% 86.24 99.61 17
2 THAMES 4.375 7/3/2036 4.38% 07/03/34 -2.46% 65.61 67.26 7
3 RBOSGR 2.95 7/11/2039 2.95% 07/11/39 -2.34% 83.43 85.43 7
4 ANNGR 1.625 9/1/2051 1.63% 09/01/51 -2.31% 56.20 57.53 19
5 ESM 1.85 12/1/2055 1.85% 12/01/55 -2.15% 67.11 68.59 4
6 DBHNGR 1.125 5/29/2051 1.13% 05/29/51 -1.96% 55.89 57.01 13
7 ENGIFP 5.95 3/16/2011 5.95% 03/16/11 -1.95% 123.01 125.45 14
8 DT 1.75 12/9/2049 1.75% 12/09/49 -1.84% 64.91 66.13 17
9 LLY 1.125 9/14/2051 1.13% 09/14/51 -1.68% 56.10 57.06 15
10 PEP 1.05 10/9/2050 1.05% 10/09/50 -1.65% 56.49 57.44 16

Top 10 Industry Performers

Showcases the top 10 IG industry performers based on the largest yield increases between 6/20/25 – 6/27/25

RANKINDUSTRYCHANGEYLDYLD-1W
1 Finance -56 bps 5.48% 6.04%
2 Wholesale -51 bps 4.84% 5.35%
3 Sovereign & Public Finance -32 bps 3.64% 3.97%
4 Real Estate -27 bps 6.19% 6.46%
5 Banking -25 bps 4.24% 4.49%
6 Containers, Packaging, & Glass -17 bps 4.56% 4.73%
7 High Tech Industries -16 bps 4.37% 4.53%
8 Retail -16 bps 4.66% 4.82%
9 Media: Diversified & Production -14 bps 4.23% 4.36%
10 Automotive -13 bps 4.44% 4.57%

Bottom 10 Industry Performers

Showcases the bottom 10 IG industry performers based on the largest yield decreases between 6/20/25 – 6/27/25

RANKINDUSTRYCHANGEYLDYLD-1W
1 Services: Consumer 56 bps 5.60% 5.05%
2 Services: Business 48 bps 5.54% 5.06%
3 Utilities: Water 14 bps 4.89% 4.75%
4 Media: Broadcasting & Subscription 9 bps 4.45% 4.36%
5 Media: Advertising, Printing & Publishing 6 bps 5.73% 5.67%
6 Aerospace & Defense 0 bps 5.19% 5.19%
7 Telecommunications -2 bps 4.40% 4.42%
8 Construction & Building -3 bps 4.36% 4.39%
9 Transportation: Cargo -3 bps 4.83% 4.86%
10 Energy: Oil & Gas -5 bps 5.29% 5.34%

5 Year Yield By Industry

Displays the average IG Corp 5 year yield by industry between 6/20/25 – 6/27/25 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 6/20/25 – 6/27/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the IG Corps with the largest increase in quote volume for the week ending 6/20/25 vs. the week ending 6/27/25

RANKTRANCHECOUPONMATURITYPRIOR WEEKTHIS WEEKINCREASE% INCREASE
1 ROMANI 2.75 2/26/2026 144A 2.75% 02/26/26 72 180 108 150%
2 SAVE 11 3/12/2030 144A 11.00% 03/12/30 55 133 78 142%
3 BERMUD 2.375 8/20/2030 144A 2.38% 08/20/30 46 124 78 170%
4 BERMUD 3.375 8/20/2050 144A 3.38% 08/20/50 46 124 78 170%
5 MET FLT 6/11/2027 REGS 5.10% 06/11/27 48 125 77 160%
6 NI 5.85 4/1/2055 5.85% 04/01/55 257 325 68 26%
7 WFC 2.879 10/30/2030 2.88% 10/30/30 142 208 66 46%
8 CPCHEM 3.4 12/1/2026 REGS 3.40% 12/01/26 40 105 65 163%
9 ACAFP 8.125 PERP REGS 8.13% NULL 230 292 62 27%
10 WFC 2.572 2/11/2031 2.57% 02/11/31 167 221 54 32%

Most Quoted IG Corps

Ranks the IG Corps that were quoted by the highest number of dealers between 6/20/25 – 6/27/25

RANKTRANCHECOUPONMATURITYDEALERS
1 ACAFP 5.862 1/9/2036 REGS 6.14% 01/09/36 37
2 NAB 4.534 6/13/2030 4.53% 06/13/30 37
3 ACAFP 5.862 1/9/2036 144A 6.14% 01/09/36 37
4 NAB 4.308 6/13/2028 4.31% 06/13/28 37
5 T 5.4 2/15/2034 5.40% 02/15/34 36
6 GS 5.536 1/28/2036 5.78% 01/28/36 36
7 T 8/15/2035 5.38% 08/15/35 36
8 NWG 5.778 3/1/2035 5.54% 03/01/35 35
9 STANLN 5.244 5/13/2031 144A 5.39% 05/13/31 35
10 STANLN 5.244 5/13/2031 REGS 5.39% 05/13/31 35

Bid-Offer Spread by Industry

Displays the IG Corp average bid-offer spread by industry between 6/20/25 – 6/27/25 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 6/20/25 – 6/27/25


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