Investment Grade Corporate Bond Market Summary – Week Ending 10/10/25
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 10/10/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Federal Home Loan Banks (USD) 3.5% 10/4/2027 | Global Notes | 1,000 | 99.797 | 3.61 | 3.5 |
| CPPIB Capital Inc (USD) 3.625% 10/15/2028 | Notes | 1,750 | 100.00 | 3.63 | 39 |
| Bank of England (USD) 3.75% 10/15/2030 | Senior Notes | 2,500 | 100.00 | 3.75 | 8 |
| TD Synnex Corp. (USD) 4.3% 1/17/2029 | Senior Notes | 550 | 99.912 | 4.33 | 75 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 10/3/25 – 10/10/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | LASUDE 5 7/28/2026 | 5.00% | 07/28/26 | ▲ 6.24% | 66.26 | 62.37 | 12 |
| 2 | GARUDA 6.5 12/28/2031 | 6.50% | 12/28/31 | ▲ 5.32% | 92.00 | 87.35 | 9 |
| 3 | CRASTI 7.375 1/23/2035 | 7.48% | 01/23/35 | ▲ 3.99% | 109.78 | 105.57 | 7 |
| 4 | SNOW 0 10/1/2027 | 0.00% | 10/01/27 | ▲ 3.61% | 165.38 | 159.62 | 6 |
| 5 | ISRAEL 4.5 4/3/2020 | 4.50% | 04/03/20 | ▲ 2.53% | 74.28 | 72.45 | 14 |
| 6 | PEP 4.6 7/17/2045 | 4.60% | 07/17/45 | ▲ 1.97% | 94.32 | 92.50 | 6 |
| 7 | SHAWLN 9.25 9/4/2035 | 9.25% | 09/04/35 | ▲ 1.85% | 106.56 | 104.63 | 7 |
| 8 | IUFINC 2.82 10/1/2051 | 2.82% | 10/01/51 | ▲ 1.59% | 64.44 | 63.43 | 5 |
| 9 | NWENET 1.4746 4/6/2046 | 3.02% | 04/06/46 | ▲ 1.20% | 143.33 | 141.63 | 6 |
| 10 | MAYOCL 4.128 11/15/2052 | 4.13% | 11/15/52 | ▲ 1.15% | 82.57 | 81.63 | 4 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 10/3/25 – 10/10/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | DISCA 5 9/20/2037 | 5.00% | 09/20/37 | ▼ -5.22% | 82.10 | 86.62 | 8 |
| 2 | KSS 5.55 7/17/2045 | 5.55% | 07/17/45 | ▼ -3.63% | 63.00 | 65.37 | 21 |
| 3 | TCOM 0.75 6/15/2029 | 0.75% | 06/15/29 | ▼ -3.21% | 123.41 | 127.51 | 11 |
| 4 | ORCL 3.85 4/1/2060 | 3.85% | 04/01/60 | ▼ -2.68% | 67.42 | 69.28 | 28 |
| 5 | AAP 7 8/1/2030 144A | 7.00% | 08/01/30 | ▼ -2.51% | 100.08 | 102.66 | 23 |
| 6 | W 7.75 9/15/2030 144A | 7.75% | 09/15/30 | ▼ -2.36% | 102.22 | 104.70 | 20 |
| 7 | CE 5 4/15/2031 | 5.00% | 04/15/31 | ▼ -2.30% | 96.93 | 99.21 | 17 |
| 8 | SZUGR 5.95 PERP | 6.10% | – | ▼ -2.17% | 95.82 | 97.94 | 19 |
| 9 | WHR 6.5 6/15/2033 | 6.50% | 06/15/33 | ▼ -2.15% | 98.45 | 100.61 | 23 |
| 10 | BCRED 6 11/22/2034 | 6.00% | 11/22/34 | ▼ -2.14% | 100.57 | 102.78 | 17 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 10/3/25 – 10/10/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Business | -166 bps | 6.08% | 7.74% |
| 2 | Finance | -19 bps | 5.62% | 5.80% |
| 3 | Banking | -16 bps | 4.78% | 4.94% |
| 4 | Energy: Electricity | -7 bps | 4.78% | 4.85% |
| 5 | Construction & Building | -6 bps | 4.14% | 4.20% |
| 6 | Aerospace & Defense | -2 bps | 5.06% | 5.08% |
| 7 | Utilities: Electric | 0 bps | 4.09% | 4.09% |
| 8 | Forest Products & Paper | 0 bps | 4.07% | 4.07% |
| 9 | Utilities: Oil & Gas | 1 bps | 4.20% | 4.19% |
| 10 | Telecommunications | 2 bps | 4.21% | 4.19% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 10/3/25 – 10/10/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Media: Advertising, Printing & Publishing | 28 bps | 6.06% | 5.78% |
| 2 | Services: Consumer | 19 bps | 4.66% | 4.47% |
| 3 | Utilities: Water | 16 bps | 5.09% | 4.92% |
| 4 | Transportation: Cargo | 15 bps | 4.54% | 4.39% |
| 5 | Energy: Oil & Gas | 14 bps | 5.31% | 5.17% |
| 6 | Media: Diversified & Production | 10 bps | 4.35% | 4.24% |
| 7 | Chemicals, Plastics & Rubber | 9 bps | 4.87% | 4.78% |
| 8 | Consumer Goods: Non-Durable | 9 bps | 3.97% | 3.88% |
| 9 | Insurance | 9 bps | 4.38% | 4.29% |
| 10 | Consumer Goods: Durable | 8 bps | 4.05% | 3.97% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 10/3/25 – 10/10/25 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 10/3/25 – 10/10/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/3/25 vs. the week ending 10/10/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | DE 4.55 6/5/2030 | 4.55% | 06/05/30 | 53 | 266 | 213 | ▲ 402% |
| 2 | GM 6.15 7/15/2035 | 6.15% | 07/15/35 | 61 | 252 | 191 | ▲ 313% |
| 3 | GM 5.45 7/15/2030 | 5.45% | 07/15/30 | 58 | 240 | 182 | ▲ 314% |
| 4 | SIEGR 5.2 5/28/2035 REGS | 5.20% | 05/28/35 | 56 | 221 | 165 | ▲ 295% |
| 5 | SIEGR 4.9 5/28/2032 REGS | 4.90% | 05/28/32 | 52 | 200 | 148 | ▲ 285% |
| 6 | NYLIFE 4.6 6/3/2030 144A | 4.60% | 06/03/30 | 48 | 195 | 147 | ▲ 306% |
| 7 | NYLIFE 4.6 6/3/2030 REGS | 4.60% | 06/03/30 | 48 | 195 | 147 | ▲ 306% |
| 8 | PRFINE 9.375 7/15/2028 144A | 9.38% | 07/15/28 | 32 | 165 | 133 | ▲ 416% |
| 9 | DE 4.25 6/5/2028 | 4.25% | 06/05/28 | 90 | 210 | 120 | ▲ 133% |
| 10 | ISPIM 4.7 9/23/2049 144A | 4.70% | 09/23/49 | 36 | 148 | 112 | ▲ 311% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 10/3/25 – 10/10/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | – | 38 |
| 2 | HSBC 6 PERP | 6.00% | – | 37 |
| 3 | TD 4.808 6/3/2030 | 4.81% | 06/03/30 | 36 |
| 4 | HSBC 4 PERP | 6.96% | – | 36 |
| 5 | SANTAN 6.033 1/17/2035 | 6.03% | 01/17/35 | 35 |
| 6 | HSBC 5.79 5/13/2036 | 6.01% | 05/13/36 | 35 |
| 7 | SOCGEN 6.066 1/19/2035 144A | 5.78% | 01/19/35 | 35 |
| 8 | HSBC 4.6 PERP | 7.39% | – | 35 |
| 9 | HSBC 6.875 PERP | 7.04% | – | 35 |
| 10 | SOCGEN 6.066 1/19/2035 REGS | 6.07% | 01/19/35 | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 10/3/25 – 10/10/25 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 10/3/25 – 10/10/25
Related Resources
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