Investment Grade Corporate Bond Market Summary – Week Ending 10/31/25
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 10/31/25, 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 10/24/25 – 10/31/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | SAVE 11 3/12/2030 144A | 11.00% | 03/12/30 | ▲ 8.56% | 52.69 | 48.53 | 14 |
| 2 | DNDCN 8.625 4/15/2029 144A | 8.63% | 04/15/29 | ▲ 5.74% | 94.11 | 89.00 | 25 |
| 3 | RAIZBZ 6.45 3/5/2034 REGS | 6.45% | 03/05/34 | ▲ 4.72% | 85.60 | 81.74 | 25 |
| 4 | PANAMA 3.87 7/23/2060 | 3.87% | 07/23/60 | ▲ 3.56% | 67.61 | 65.29 | 19 |
| 5 | CERVIM 6 2/15/2029 REGS | 6.00% | 02/15/29 | ▲ 3.27% | 92.16 | 89.24 | 15 |
| 6 | HEIMST 6.75 PERP | 9.40% | – | ▲ 2.89% | 91.06 | 88.50 | 14 |
| 7 | THAMES 5.125 9/28/2039 | 5.13% | 09/28/39 | ▲ 2.52% | 72.21 | 70.43 | 19 |
| 8 | IENOVA 4.75 1/15/2051 REGS | 4.75% | 01/15/51 | ▲ 2.35% | 78.24 | 76.45 | 11 |
| 9 | CTXS 4.5 12/1/2027 | 4.50% | 12/01/27 | ▲ 2.17% | 97.15 | 95.09 | 6 |
| 10 | TSINGH 5.375 1/31/2023 | 5.38% | 01/31/23 | ▲ 1.95% | 85.04 | 83.41 | 11 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 10/24/25 – 10/31/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | FMC 6.375 5/18/2053 | 6.38% | 05/18/53 | ▼ -8.43% | 91.48 | 99.90 | 19 |
| 2 | VNKRLE 3.5 11/12/2029 | 3.50% | 11/12/29 | ▼ -6.90% | 61.09 | 65.62 | 16 |
| 3 | ORCL 6.1 9/26/2065 | 6.10% | 09/26/65 | ▼ -3.57% | 95.58 | 99.12 | 16 |
| 4 | META 5.75 5/15/2063 | 5.75% | 05/15/63 | ▼ -3.39% | 100.42 | 103.95 | 29 |
| 5 | ARE 3.55 3/15/2052 | 3.55% | 03/15/52 | ▼ -3.39% | 68.82 | 71.24 | 22 |
| 6 | CRM 3.05 7/15/2061 | 3.05% | 07/15/61 | ▼ -2.80% | 62.81 | 64.63 | 24 |
| 7 | CMCSA 2.65 8/15/2062 | 2.65% | 08/15/62 | ▼ -2.53% | 52.23 | 53.59 | 21 |
| 8 | APH 5.375 11/15/2054 | 5.38% | 11/15/54 | ▼ -2.50% | 99.64 | 102.19 | 25 |
| 9 | ORBIA 5.875 9/17/2044 REGS | 5.88% | 09/17/44 | ▼ -2.39% | 79.99 | 81.95 | 18 |
| 10 | BRKHEC 5.15 11/15/2043 | 5.15% | 11/15/43 | ▼ -2.35% | 97.07 | 99.40 | 20 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 10/24/25 – 10/31/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Finance | -86 bps | 5.28% | 6.13% |
| 2 | Services: Business | -76 bps | 7.03% | 7.79% |
| 3 | Sovereign & Public Finance | -53 bps | 3.84% | 4.37% |
| 4 | Energy: Oil & Gas | -23 bps | 4.93% | 5.16% |
| 5 | Real Estate | -15 bps | 5.85% | 6.00% |
| 6 | Automotive | -14 bps | 4.12% | 4.26% |
| 7 | Transportation: Consumer | -10 bps | 4.28% | 4.38% |
| 8 | Telecommunications | -7 bps | 3.98% | 4.05% |
| 9 | Banking | -6 bps | 4.35% | 4.41% |
| 10 | Retail | -6 bps | 4.34% | 4.39% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 10/24/25 – 10/31/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Hotel, Gaming & Leisure | 18076 bps | 185.34% | 4.58% |
| 2 | Services: Consumer | 40 bps | 4.82% | 4.41% |
| 3 | Transportation: Cargo | 16 bps | 4.59% | 4.44% |
| 4 | Aerospace & Defense | 14 bps | 5.10% | 4.96% |
| 5 | Wholesale | 14 bps | 5.06% | 4.92% |
| 6 | Healthcare & Pharmaceuticals | 11 bps | 4.04% | 3.93% |
| 7 | Environmental Industries | 10 bps | 4.01% | 3.91% |
| 8 | Metals & Mining | 9 bps | 4.38% | 4.29% |
| 9 | Insurance | 9 bps | 4.43% | 4.34% |
| 10 | Beverage, Food & Tobacco | 7 bps | 3.96% | 3.89% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 10/24/25 – 10/31/25 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 10/24/25 – 10/31/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/24/25 vs. the week ending 10/31/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | MEX 5.5 8/17/2030 REGS | 5.50% | 08/17/30 | 30 | 158 | 128 | ▲ 427% |
| 2 | LMT 6.15 9/1/2036 | 6.15% | 09/01/36 | 40 | 102 | 62 | ▲ 155% |
| 3 | MSFT 2.675 6/1/2060 | 2.68% | 06/01/60 | 210 | 272 | 62 | ▲ 30% |
| 4 | RABOBANK NEDERLAND GLOBAL | 4.80% | 03/05/30 | 203 | 257 | 54 | ▲ 27% |
| 5 | GLNG 7.5 10/2/2030 144A | 7.50% | 10/02/30 | 119 | 170 | 51 | ▲ 43% |
| 6 | HNDA 5.05 8/20/2031 | 5.05% | 08/20/31 | 105 | 154 | 49 | ▲ 47% |
| 7 | RY FLT 4/13/2028 | 5.01% | 04/13/28 | 10 | 58 | 48 | ▲ 480% |
| 8 | NWG FLT 5/17/2029 REGS | 5.18% | 05/17/29 | 94 | 141 | 47 | ▲ 50% |
| 9 | NWG FLT 5/17/2029 144A | 5.18% | 05/17/29 | 94 | 141 | 47 | ▲ 50% |
| 10 | LRCX 4.875 3/15/2049 | 4.88% | 03/15/49 | 147 | 193 | 46 | ▲ 31% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 10/24/25 – 10/31/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | – | 39 |
| 2 | HSBC 6 PERP | 6.00% | – | 38 |
| 3 | TD 4.808 6/3/2030 | 4.81% | 06/03/2030 | 37 |
| 4 | HSBC 4.6 PERP | 7.39% | – | 36 |
| 5 | HSBC 4 PERP | 6.96% | – | 36 |
| 6 | HSBC 6.5 PERP | 6.50% | – | 36 |
| 7 | TD 4.109 10/13/2028 | 4.11% | 10/13/2028 | 35 |
| 8 | STANLN 7.625 PERP REGS | 6.76% | – | 34 |
| 9 | ACAFP 7.125 PERP REGS | 7.13% | – | 34 |
| 10 | TD 4.928 10/15/2035 | 4.93% | 10/15/2035 | 34 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 10/24/25 – 10/31/25 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 10/24/25 – 10/31/25
Related Resources
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