Investment Grade Corporate Bond Market Summary – Week Ending 7/25/25
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Investment Grade Corporate Bond Market Summary: Week Ending 7/25/25
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 7/25/25, issue size of $50 million and larger
| ISSUE | COLLATERAL TYPE | AMT ISSUED (MM) | PRC AT ISSUANCE | YIELD AT ISSUANCE (%) | SPREAD AT ISSUE |
|---|---|---|---|---|---|
| New York Life Global Funding (USD) 4.15% 7/25/2028 | Senior Notes | 600 | 100 | 4.15 | 40 |
| General Electric Co. (USD) 4.3% 7/29/2030 | Notes | 1000 | 99.8 | 4.34 | 47 |
| Travelers COS Inc. (USD) 5.05% 7/24/2035 | Senior Notes | 500 | 99.876 | 5.07 | 70 |
| Southern Natural Gas Co. LLC (USD) 5.45% 8/1/2035 | Senior Notes | 300 | 100 | 5.45 | 110 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 7/18/25 – 7/25/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | ELOFR 6 3/22/2029 | 6.00% | 22-03-2029 | 12.00% | 104.07 | 92.61 | 23 |
| 2 | KSS 5.55 7/17/2045 | 5.55% | 17-07-2045 | 5.40% | 57.50 | 54.54 | 23 |
| 3 | MOVCHI 3.537 11/18/2031 REGS | 3.54% | 18-11-2031 | 3.40% | 64.31 | 62.19 | 8 |
| 4 | PANAMA 3.87 7/23/2060 | 3.87% | 23-07-2060 | 3.30% | 57.55 | 55.70 | 19 |
| 5 | RILIN 3.625 1/12/2052 REGS | 3.63% | 12/01/52 | 3.00% | 69.71 | 67.67 | 18 |
| 6 | ZOUCAO 6.98 1/14/2027 | 6.98% | 01/14/27 | 2.93% | 96.62 | 93.87 | 4 |
| 7 | NTRCN 3.95 5/13/2050 | 3.95% | 13-05-2050 | 2.80% | 74.04 | 72.05 | 22 |
| 8 | ALB 5.65 6/1/2052 | 5.65% | 01/06/52 | 2.70% | 84.23 | 82.00 | 20 |
| 9 | BNCN 3.5 3/30/2051 | 3.50% | 30-03-2051 | 2.60% | 68.73 | 66.98 | 20 |
| 10 | ADM 4.016 4/16/2043 | 4.02% | 04/16/43 | 2.49% | 82.47 | 80.46 | 14 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 7/18/25 – 7/25/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | WBA 4.1 4/15/2050 | 4.10% | 15-04-2050 | -4.00% | 85.35 | 89.23 | 24 |
| 2 | AAP 3.9 4/15/2030 | 3.90% | 15-04-2030 | -3.00% | 90.39 | 92.97 | 16 |
| 3 | CERVIM FLT 2/15/2029 144A | 7.22% | 15-02-2029 | -2.70% | 96.93 | 99.64 | 20 |
| 4 | DOW 1.875 3/15/2040 | 1.88% | 15-03-2040 | -1.60% | 70.43 | 71.61 | 14 |
| 5 | GE 4.125 9/19/2035 | 4.13% | 09/19/35 | -0.80% | 104.43 | 105.27 | 10 |
| 6 | RTOLN 4.375 6/27/2030 | 4.38% | 06/27/30 | -0.78% | 104.57 | 105.40 | 15 |
| 7 | AKZANA 3.75 9/16/2034 | 3.75% | 09/16/34 | -0.73% | 99.44 | 100.17 | 13 |
| 8 | GIVNVX 1.625 4/22/2032 | 1.63% | 04/22/32 | -0.65% | 90.45 | 91.04 | 13 |
| 9 | SKFP 3.625 6/24/2030 | 3.63% | 06/24/30 | -0.64% | 100.50 | 101.14 | 10 |
| 10 | WLNFP 4.125 9/12/2028 | 4.13% | 09/12/28 | -0.63% | 89.74 | 90.31 | 16 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 7/18/25 – 7/25/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Finance | -60 bps | 5.56% | 6.16% |
| 2 | Wholesale | -46 bps | 4.94% | 5.41% |
| 3 | Sovereign & Public Finance | -39 bps | 3.75% | 4.13% |
| 4 | Containers, Packaging, & Glass | -27 bps | 4.33% | 4.60% |
| 5 | Energy: Oil & Gas | -15 bps | 5.20% | 5.35% |
| 6 | Media: Advertising, Printing & Publishing | -12 bps | 5.52% | 5.64% |
| 7 | Banking | -12 bps | 4.48% | 4.60% |
| 8 | Transportation: Cargo | -12 bps | 4.74% | 4.86% |
| 9 | Services: Consumer | -11 bps | 4.88% | 4.99% |
| 10 | Services: Business | -10 bps | 5.71% | 5.81% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 7/18/25 – 7/25/25
| RANK | INDUSTRY | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | Utilities: Water | 31 bps | 5.15% | 4.84% |
| 2 | Capital Equipment | 17 bps | 4.34% | 4.17% |
| 3 | Chemicals, Plastics & Rubber | 7 bps | 4.97% | 4.90% |
| 4 | Utilities: Electric | 3 bps | 4.27% | 4.24% |
| 5 | Forest Products & Paper | 2 bps | 4.06% | 4.05% |
| 6 | Consumer Goods: Durable | 1 bps | 4.08% | 4.06% |
| 7 | Environmental Industries | 1 bps | 4.24% | 4.23% |
| 8 | Energy: Electricity | 0 bps | 4.07% | 4.07% |
| 9 | Utilities: Oil & Gas | 0 bps | 4.45% | 4.45% |
| 10 | Construction & Building | 0 bps | 4.38% | 4.38% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 7/18/25 – 7/25/25 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 7/18/25 – 7/25/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 7/18/25 vs. the week ending 7/25/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | BPCE 5.876 1/14/2031 144A | 5.98% | 01/14/31 | 112 | 229 | 117 | 104% |
| 2 | EXC 5.3 6/1/2034 | 5.30% | 06/01/34 | 160 | 265 | 105 | 66% |
| 3 | ATDBCN 5.617 2/12/2054 REGS | 5.62% | 02/12/54 | 140 | 244 | 104 | 74% |
| 4 | EXC 5.65 6/1/2054 | 5.65% | 06/01/54 | 152 | 256 | 104 | 68% |
| 5 | MARS 2.375 7/16/2040 REGS | 2.38% | 07/16/40 | 145 | 243 | 98 | 68% |
| 6 | ATDBCN 4.5 7/26/2047 REGS | 4.50% | 07/26/47 | 108 | 194 | 86 | 80% |
| 7 | NGGLN 3.025 6/27/2050 REGS | 3.03% | 06/27/50 | 74 | 156 | 82 | 111% |
| 8 | NGGLN 2.759 1/10/2032 REGS | 2.76% | 01/10/32 | 89 | 171 | 82 | 92% |
| 9 | DTGG 5.375 1/13/2032 144A | 5.38% | 01/13/32 | 59 | 139 | 80 | 136% |
| 10 | DTGG 5.375 1/13/2032 REGS | 5.38% | 01/13/32 | 59 | 139 | 80 | 136% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 7/18/25 – 7/25/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | DUK 5.25 3/15/2035 | 5.25% | 03/15/35 | 37 |
| 2 | HNDA 5.337 7/8/2035 | 5.34% | 07/08/35 | 37 |
| 3 | AVGO 4.9 7/15/2032 | 4.90% | 07/15/32 | 37 |
| 4 | GS 5.536 1/28/2036 | 5.68% | 01/28/36 | 37 |
| 5 | HSBC 8 PERP | 8.00% | 09/07/99 | 36 |
| 6 | NEE 5.9 3/15/2055 | 5.90% | 03/15/55 | 36 |
| 7 | T 6.05 8/15/2056 | 6.05% | 08/15/56 | 36 |
| 8 | DUK 5.55 3/15/2055 | 5.55% | 03/15/55 | 36 |
| 9 | NI 5.85 4/1/2055 | 5.85% | 04/01/55 | 36 |
| 10 | VZ 5.25 4/2/2035 | 5.25% | 04/02/35 | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 7/18/25 – 7/25/25 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 7/18/25 – 7/25/25
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