Investment Grade Corporate Bond Market Summary – Week Ending 10/17/25
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 10/17/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Morgan Stanley (USD) 4.133% 10/18/2029 | Senior Notes | 2,100 | 100.00 | 4.13 | – |
| Toyota Motor Credit Corp. (USD) 4.05% 10/22/2030 | Notes | 105 | 100.00 | 4.05 | – |
| JPMorgan Chase & Co. (USD) 4.255% 10/22/2031 | Fix-To-Floating Rate Notes | 2,000 | 100.00 | 4.26 | – |
| Eversource Energy (USD) 4.45% 12/15/2030 | Senior Notes | 600 | 99.771 | 4.50 | – |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 10/10/25 – 10/17/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | SOCGEN 4.9908 4/1/2027 | 5.00% | 04/01/27 | ▲ 7.07% | 99.84 | 93.25 | 6 |
| 2 | FFHCN 6 12/7/2033 144A | 6.00% | 12/07/33 | ▲ 5.64% | 106.49 | 100.80 | 3 |
| 3 | UU 1.435 11/21/2056 | 1.44% | 11/21/56 | ▲ 4.47% | 60.99 | 58.38 | 5 |
| 4 | SVTLN 1.457 8/1/2058 | 1.46% | 08/01/58 | ▲ 3.69% | 58.55 | 56.46 | 5 |
| 5 | BAZFIN 0.688 6/27/2050 | 0.75% | 06/27/50 | ▲ 3.60% | 51.27 | 49.48 | 8 |
| 6 | NGGLN 1.541 12/1/2056 | 1.54% | 12/01/56 | ▲ 3.59% | 62.74 | 60.56 | 9 |
| 7 | AWLN 1.6777 7/3/2056 | 1.67% | 07/03/56 | ▲ 3.56% | 121.92 | 117.73 | 6 |
| 8 | KR 5.65 9/15/2064 | 5.65% | 09/15/64 | ▲ 3.53% | 99.67 | 96.28 | 24 |
| 9 | EA 2.95 2/15/2051 | 2.95% | 02/15/51 | ▲ 3.37% | 89.76 | 86.83 | 25 |
| 10 | RY FLT 4/11/2028 | 5.37% | 04/11/28 | ▲ 3.24% | 103.36 | 100.12 | 8 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 10/10/25 – 10/17/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | WLNFP 4.125 9/12/2028 | 4.13% | 09/12/28 | ▼ -3.04% | 74.59 | 76.93 | 16 |
| 2 | PSUBIO FLT 9/30/2028 REGS | 6.51% | 09/30/28 | ▼ -2.37% | 80.72 | 82.68 | 20 |
| 3 | DNDCN 8.625 4/15/2029 144A | 8.63% | 04/15/29 | ▼ -2.10% | 95.07 | 97.11 | 23 |
| 4 | AARB 9.875 PERP | 8.81% | – | ▼ -1.85% | 106.81 | 108.83 | 16 |
| 5 | AES 4.375 5/31/2030 144A | 4.38% | 05/31/30 | ▼ -1.85% | 92.40 | 94.14 | 12 |
| 6 | WOLSLY 9.75 1/31/2031 REGS | 9.75% | 01/31/31 | ▼ -1.82% | 95.75 | 97.52 | 15 |
| 7 | WAL 9.5 PERP 144A | 9.14% | – | ▼ -1.76% | 101.19 | 103.00 | 12 |
| 8 | THAMES 4.375 1/18/2033 | 4.38% | 01/18/33 | ▼ -1.60% | 70.32 | 71.47 | 20 |
| 9 | LNGFOR 3.95 9/16/2029 | 3.95% | 09/16/29 | ▼ -1.57% | 85.39 | 86.75 | 14 |
| 10 | AAWW 8.5 2/15/2030 144A | 8.50% | 02/15/30 | ▼ -1.57% | 102.18 | 103.80 | 22 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 10/10/25 – 10/17/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Finance | -64 bps | 5.33% | 5.97% |
| 2 | Wholesale | -48 bps | 4.71% | 5.19% |
| 3 | Utilities: Water | -43 bps | 4.72% | 5.15% |
| 4 | Banking | -42 bps | 4.36% | 4.78% |
| 5 | Media: Advertising, Printing & Publishing | -27 bps | 5.79% | 6.06% |
| 6 | Energy: Oil & Gas | -23 bps | 4.97% | 5.21% |
| 7 | Aerospace & Defense | -21 bps | 4.84% | 5.05% |
| 8 | Sovereign & Public Finance | -17 bps | 3.50% | 3.67% |
| 9 | Forest Products & Paper | -15 bps | 3.92% | 4.07% |
| 10 | Telecommunications | -13 bps | 4.07% | 4.20% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 10/10/25 – 10/17/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Energy: Electricity | 6 bps | 4.84% | 4.78% |
| 2 | Real Estate | 1 bps | 5.92% | 5.91% |
| 3 | Insurance | 1 bps | 4.37% | 4.36% |
| 4 | Environmental Industries | -4 bps | 3.90% | 3.94% |
| 5 | Retail | -5 bps | 4.38% | 4.42% |
| 6 | Media: Diversified & Production | -5 bps | 4.25% | 4.30% |
| 7 | Consumer Goods: Durable | -5 bps | 3.98% | 4.04% |
| 8 | Consumer Goods: Non-Durable | -6 bps | 3.91% | 3.97% |
| 9 | Containers, Packaging, & Glass | -7 bps | 3.89% | 3.95% |
| 10 | Capital Equipment | -7 bps | 4.13% | 4.20% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 10/10/25 – 10/17/25 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 10/10/25 – 10/17/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/10/25 vs. the week ending 10/17/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | MARS 4.65 4/20/2031 REGS | 4.65% | 04/20/31 | 81 | 207 | 126 | ▲ 156% |
| 2 | CDEL 6.78 1/13/2055 144A | 6.78% | 01/13/55 | 28 | 140 | 112 | ▲ 400% |
| 3 | UBS 5.01 3/23/2037 REGS | 5.64% | 03/23/37 | 89 | 171 | 82 | ▲ 92% |
| 4 | NGGLN 5.994 3/6/2033 REGS | 5.99% | 03/06/33 | 104 | 170 | 66 | ▲ 63% |
| 5 | NGGLN 5.783 9/16/2052 REGS | 5.78% | 09/16/52 | 90 | 155 | 65 | ▲ 72% |
| 6 | CMCSA 5.168 1/15/2037 144A | 5.17% | 01/15/37 | 51 | 115 | 64 | ▲ 125% |
| 7 | ELV 5.7 9/15/2055 | 5.70% | 09/15/55 | 141 | 204 | 63 | ▲ 45% |
| 8 | ADCBUH FLT 1/12/2029 | 5.60% | 01/12/29 | 27 | 90 | 63 | ▲ 233% |
| 9 | NGGLN 5.843 1/10/2035 REGS | 5.84% | 01/10/35 | 93 | 155 | 62 | ▲ 67% |
| 10 | BCRED 6 11/22/2034 | 6.00% | 11/22/34 | 150 | 204 | 54 | ▲ 36% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 10/10/25 – 10/17/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | – | 39 |
| 2 | HSBC 6 PERP | 6.00% | – | 37 |
| 3 | HSBC 6.5 PERP | 6.50% | – | 36 |
| 4 | HSBC 4.6 PERP | 7.39% | – | 36 |
| 5 | HSBC 4 PERP | 6.96% | – | 36 |
| 6 | TD 4.808 6/3/2030 | 4.81% | 06/03/30 | 35 |
| 7 | ACAFP 7.125 PERP 144A | 7.13% | – | 35 |
| 8 | HSBC 6.875 PERP | 7.04% | – | 35 |
| 9 | ACAFP 7.125 PERP REGS | 7.13% | – | 35 |
| 10 | ORCL 4.45 9/26/2030 | 4.45% | 09/26/30 | 34 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 10/10/25 – 10/17/25 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 10/10/25 – 10/17/25
Related Resources
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