Investment Grade Corporate Bond Market Summary – Week Ending 10/3/25
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 10/3/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Deere & Co. (USD) 4.15% 10/9/2030 | Notes | 500 | 99.92 | 4.17 | 50 |
| Vistra Operations Co LLC (USD) 5.25% 10/15/2035 | Senior Secured Notes | 750 | 99.691 | 5.29 | 118 |
| Thermo Fisher Scientific Inc. (USD) 4.894% 10/7/2037 | Senior Notes | 500 | 100.00 | 4.89 | 75 |
| Pacific Gas & Electric Co. (USD) 6.1% 10/15/2055 | First Mortgage Bond | 750 | 99.86 | 6.11 | 137 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 9/26/25 – 10/3/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | EA 2.95 2/15/2051 | 2.95% | 02/15/51 | ▲ 33.60% | 86.01 | 64.38 | 25 |
| 2 | BE 3 6/1/2029 | 3.00% | 06/01/29 | ▲ 26.52% | 428.50 | 338.68 | 8 |
| 3 | LASUDE 5 7/28/2026 | 5.00% | 07/28/26 | ▲ 7.79% | 62.37 | 57.86 | 13 |
| 4 | AES 8.95 8/28/2028 144A | 8.95% | 08/28/28 | ▲ 5.51% | 105.57 | 100.06 | 6 |
| 5 | THAMES 7.738 4/9/2060 | 7.74% | 04/09/60 | ▲ 4.96% | 73.28 | 69.82 | 18 |
| 6 | OSIS 2.25 8/1/2029 | 2.25% | 08/01/29 | ▲ 3.85% | 142.70 | 137.41 | 7 |
| 7 | AEE 4.8 12/15/2043 | 4.80% | 12/15/43 | ▲ 3.19% | 92.88 | 90.01 | 11 |
| 8 | BAX 3.132 12/1/2051 | 3.13% | 12/01/51 | ▲ 2.91% | 64.86 | 63.03 | 21 |
| 9 | MAS 3.125 2/15/2051 | 3.13% | 02/15/51 | ▲ 2.87% | 65.80 | 63.97 | 19 |
| 10 | LYB 3.8 10/1/2060 | 3.80% | 10/01/60 | ▲ 2.38% | 65.32 | 63.80 | 20 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 9/26/25 – 10/3/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | RAIZBZ 6.95 3/5/2054 REGS | 6.95% | 03/05/54 | ▼ -5.53% | 92.44 | 97.86 | 21 |
| 2 | DNDCN 8.625 4/15/2029 144A | 8.63% | 04/15/29 | ▼ -4.01% | 96.29 | 100.31 | 19 |
| 3 | AEGON FLT PERP | 3.00% | – | ▼ -2.37% | 74.68 | 76.50 | 9 |
| 4 | BL 1 6/1/2029 | 1.00% | 06/01/29 | ▼ -2.35% | 102.13 | 104.59 | 9 |
| 5 | CITCON 3.625 PERP | 6.58% | – | ▼ -2.32% | 91.85 | 94.03 | 16 |
| 6 | FUNOTR 7.7 1/23/2032 REGS | 7.70% | 01/23/32 | ▼ -1.15% | 108.49 | 109.75 | 12 |
| 7 | CRBG 7.57 12/1/2045 | 7.57% | 12/01/45 | ▼ -1.10% | 111.30 | 112.54 | 5 |
| 8 | DRAWBR 5.95 9/17/2030 144A | 5.95% | 09/17/30 | ▼ -1.03% | 97.80 | 98.83 | 4 |
| 9 | BAC 0 PERP | 4.70% | – | ▼ -0.96% | 83.90 | 84.72 | 7 |
| 10 | D 6 2/15/2056 | 6.00% | 02/15/56 | ▼ -0.92% | 100.88 | 101.81 | 22 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 9/26/25 – 10/3/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Real Estate | -46 bps | 5.87% | 6.33% |
| 2 | Sovereign & Public Finance | -36 bps | 3.62% | 3.97% |
| 3 | Utilities: Water | -28 bps | 4.85% | 5.13% |
| 4 | Media: Advertising, Printing & Publishing | -27 bps | 5.86% | 6.13% |
| 5 | Containers, Packaging, & Glass | -24 bps | 3.89% | 4.13% |
| 6 | Insurance | -19 bps | 4.28% | 4.47% |
| 7 | Energy: Oil & Gas | -17 bps | 5.16% | 5.33% |
| 8 | Transportation: Consumer | -17 bps | 4.48% | 4.65% |
| 9 | Consumer Goods: Non-Durable | -17 bps | 3.86% | 4.03% |
| 10 | Hotel, Gaming & Leisure | -15 bps | 4.55% | 4.70% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 9/26/25 – 10/3/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Banking | 43 bps | 4.94% | 4.51% |
| 2 | Wholesale | 21 bps | 5.20% | 5.00% |
| 3 | Finance | 9 bps | 5.77% | 5.68% |
| 4 | Chemicals, Plastics & Rubber | 3 bps | 4.77% | 4.74% |
| 5 | Aerospace & Defense | 2 bps | 5.08% | 5.06% |
| 6 | Energy: Electricity | 1 bps | 4.84% | 4.84% |
| 7 | Telecommunications | 0 bps | 4.17% | 4.17% |
| 8 | Media: Diversified & Production | -2 bps | 4.30% | 4.32% |
| 9 | Utilities: Electric | -4 bps | 4.10% | 4.13% |
| 10 | Metals & Mining | -5 bps | 4.32% | 4.37% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 9/26/25 – 10/3/25 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 9/26/25 – 10/3/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 9/26/25 vs. the week ending 10/3/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | BENTLR 7.25 6/15/2031 144A | 7.25% | 06/15/31 | 82 | 211 | 129 | ▲ 157% |
| 2 | HSBC 5.79 5/13/2036 | 6.08% | 05/13/36 | 193 | 320 | 127 | ▲ 66% |
| 3 | CPGX 5.097 10/1/2031 REGS | 5.10% | 10/01/31 | 68 | 175 | 107 | ▲ 157% |
| 4 | CMS 5.05 5/15/2035 | 5.05% | 05/15/35 | 156 | 250 | 94 | ▲ 60% |
| 5 | BNP 4.792 5/9/2029 REGS | 5.65% | 05/09/29 | 45 | 135 | 90 | ▲ 200% |
| 6 | IFF 3.268 11/15/2040 REGS | 3.27% | 11/15/40 | 88 | 158 | 70 | ▲ 80% |
| 7 | IFF 3.468 12/1/2050 REGS | 3.47% | 12/01/50 | 100 | 168 | 68 | ▲ 68% |
| 8 | HSBC FLT 5/13/2031 | 5.77% | 05/13/31 | 87 | 145 | 58 | ▲ 67% |
| 9 | ALCSW 2.6 5/27/2030 REGS | 2.60% | 05/27/30 | 75 | 130 | 55 | ▲ 73% |
| 10 | UBS 5.58 5/9/2036 144A | 5.96% | 05/09/36 | 218 | 273 | 55 | ▲ 25% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 9/26/25 – 10/3/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | – | 38 |
| 2 | ACAFP 7.125 PERP 144A | 7.13% | – | 36 |
| 3 | HSBC 6 PERP | 6.00% | – | 36 |
| 4 | HSBC 4 PERP | 6.96% | – | 36 |
| 5 | ACAFP 7.125 PERP REGS | 7.13% | – | 36 |
| 6 | T 6.05 8/15/2056 | 6.05% | 08/15/56 | 35 |
| 7 | INTNED 7 PERP | 7.00% | – | 35 |
| 8 | T 2.25 2/1/2032 | 2.25% | 02/01/32 | 35 |
| 9 | AVGO 2.45 2/15/2031 144A | 2.45% | 02/15/31 | 35 |
| 10 | AVGO 2.45 2/15/2031 REGS | 2.45% | 02/15/31 | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 9/26/25 – 10/3/25 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 9/26/25 – 10/3/25
Related Resources
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