Investment Grade Corporate Bond Market Summary – Week Ending 10/24/25
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 10/24/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| General Motors Financial Co. Inc. (USD) 4.2% 10/27/2028 | Senior Notes | 1,000 | 99.941 | 4.22 | 78 |
| Beignet Investor LLC (USD) 6.581% 5/30/2049 | Senior Secured Notes | 27,294 | 100.00 | 6.58 | 201 |
| Videotron LTD (CAD) 3.95% 10/15/2032 | Senior Notes | 800 | 99.937 | 3.96 | 140 |
| ASB Bank LTD (USD) 4.155% 10/29/2030 | Notes | 500 | 100.00 | 4.16 | 60 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 10/17/25 – 10/24/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | WLNFP 4.125 9/12/2028 | 4.13% | 09/12/28 | ▲ 10.40% | 82.34 | 74.59 | 18 |
| 2 | NANFUN 5 PERP | 5.00% | – | ▲ 4.73% | 79.72 | 76.12 | 12 |
| 3 | EA 2.95 2/15/2051 | 2.95% | 02/15/51 | ▲ 4.53% | 93.83 | 89.76 | 25 |
| 4 | WBD 4.693 5/17/2033 | 4.69% | 05/17/33 | ▲ 3.38% | 91.96 | 88.95 | 8 |
| 5 | EDF 6.5 11/8/2064 | 6.50% | 11/08/64 | ▲ 3.00% | 97.97 | 95.12 | 18 |
| 6 | UNILEE 3.125 12/19/2050 | 3.13% | 12/19/50 | ▲ 2.55% | 64.98 | 63.37 | 16 |
| 7 | ENGIFP 5.75 10/28/2050 | 5.75% | 10/28/50 | ▲ 2.48% | 93.62 | 91.35 | 16 |
| 8 | VOD 6.375 7/3/2050 | 6.38% | 07/03/50 | ▲ 2.46% | 102.11 | 99.66 | 14 |
| 9 | BRK 2.625 6/19/2059 | 2.63% | 06/19/59 | ▲ 2.43% | 53.58 | 52.31 | 16 |
| 10 | SANCTU 2.375 4/14/2050 | 2.38% | 04/14/50 | ▲ 2.43% | 54.31 | 53.02 | 17 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 10/17/25 – 10/24/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | RAIZBZ 6.95 3/5/2054 REGS | 6.95% | 03/05/54 | ▼ -6.63% | 75.60 | 80.98 | 24 |
| 2 | DNDCN 8.625 4/15/2029 144A | 8.63% | 04/15/29 | ▼ -6.39% | 89.00 | 95.07 | 24 |
| 3 | OB 10 2/15/2030 144A | 10.00% | 02/15/30 | ▼ -4.23% | 63.24 | 66.04 | 22 |
| 4 | ORBIA 5.5 1/15/2048 REGS | 5.50% | 01/15/48 | ▼ -3.62% | 76.11 | 78.96 | 16 |
| 5 | TSCOLN 5.125 4/10/2047 | 5.13% | 04/10/47 | ▼ -3.10% | 108.65 | 112.12 | 13 |
| 6 | VNKRLE 3.5 11/12/2029 | 3.50% | 11/12/29 | ▼ -2.68% | 65.62 | 67.43 | 16 |
| 7 | THAMES 2.625 1/24/2034 | 2.63% | 01/24/34 | ▼ -2.51% | 68.31 | 70.06 | 19 |
| 8 | TELVIS 6.125 1/31/2046 | 6.13% | 01/31/46 | ▼ -2.23% | 79.22 | 81.02 | 12 |
| 9 | PACW 3.25 5/1/2031 | 3.25% | 05/01/31 | ▼ -1.43% | 91.30 | 92.63 | 10 |
| 10 | SLOVGB 2 10/17/2047 | 2.00% | 10/17/47 | ▼ -1.27% | 68.23 | 69.11 | 4 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 10/17/25 – 10/24/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Consumer | -32 bps | 4.36% | 4.68% |
| 2 | Transportation: Consumer | -11 bps | 4.41% | 4.52% |
| 3 | Construction & Building | -8 bps | 4.04% | 4.13% |
| 4 | Insurance | -6 bps | 4.32% | 4.38% |
| 5 | Real Estate | -2 bps | 5.95% | 5.97% |
| 6 | Automotive | -1 bps | 4.26% | 4.27% |
| 7 | Utilities: Oil & Gas | 0 bps | 4.13% | 4.13% |
| 8 | Consumer Goods: Durable | 1 bps | 4.00% | 4.00% |
| 9 | Transportation: Cargo | 1 bps | 4.44% | 4.44% |
| 10 | Environmental Industries | 1 bps | 3.91% | 3.90% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 10/17/25 – 10/24/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Business | 168 bps | 7.70% | 6.02% |
| 2 | Sovereign & Public Finance | 87 bps | 4.37% | 3.50% |
| 3 | Finance | 48 bps | 5.85% | 5.37% |
| 4 | Media: Diversified & Production | 32 bps | 4.50% | 4.18% |
| 5 | Wholesale | 28 bps | 4.96% | 4.68% |
| 6 | Media: Advertising, Printing & Publishing | 17 bps | 6.09% | 5.92% |
| 7 | Media: Broadcasting & Subscription | 15 bps | 4.30% | 4.15% |
| 8 | Aerospace & Defense | 11 bps | 4.96% | 4.85% |
| 9 | Hotel, Gaming & Leisure | 10 bps | 4.63% | 4.53% |
| 10 | Utilities: Water | 9 bps | 4.94% | 4.84% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 10/17/25 – 10/24/25 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 10/17/25 – 10/24/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/17/25 vs. the week ending 10/24/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | RAIZBZ 6.25 7/8/2032 144A | 6.25% | 07/08/32 | 48 | 230 | 182 | ▲ 379% |
| 2 | DE 4.55 6/5/2030 | 4.55% | 06/05/30 | 104 | 264 | 160 | ▲ 154% |
| 3 | RAIZBZ 5.3 1/20/2027 144A | 5.30% | 01/20/27 | 38 | 198 | 160 | ▲ 421% |
| 4 | GM 5.45 7/15/2030 | 5.45% | 07/15/30 | 186 | 323 | 137 | ▲ 74% |
| 5 | MARS 3.2 4/1/2030 REGS | 3.20% | 04/01/30 | 84 | 220 | 136 | ▲ 162% |
| 6 | SIEGR 4.9 5/28/2032 REGS | 4.90% | 05/28/32 | 96 | 231 | 135 | ▲ 141% |
| 7 | GM 6.15 7/15/2035 | 6.15% | 07/15/35 | 189 | 318 | 129 | ▲ 68% |
| 8 | CARGIL 4.75 4/24/2033 REGS | 4.75% | 04/24/33 | 74 | 202 | 128 | ▲ 173% |
| 9 | CARGIL 5.125 10/11/2032 REGS | 5.13% | 10/11/32 | 73 | 200 | 127 | ▲ 174% |
| 10 | CARGIL 2.125 11/10/2031 REGS | 5.13% | 11/10/31 | 74 | 190 | 116 | ▲ 157% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 10/17/25 – 10/24/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | – | 40 |
| 2 | HSBC 6 PERP | 6.00% | – | 39 |
| 3 | HSBC 6.5 PERP | 6.50% | – | 37 |
| 4 | HSBC 4 PERP | 6.96% | – | 37 |
| 5 | HSBC 4.6 PERP | 7.39% | – | 37 |
| 6 | ACAFP 7.125 PERP 144A | 7.13% | – | 36 |
| 7 | ACAFP 7.125 PERP REGS | 7.13% | – | 36 |
| 8 | TD 4.808 6/3/2030 | 4.81% | 06/03/30 | 36 |
| 9 | HSBC 6.95 PERP | 6.38% | – | 35 |
| 10 | HSBC 6.875 PERP | 7.04% | – | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 10/17/25 – 10/24/25 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 10/17/25 – 10/24/25
Related Resources
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