Investment Grade Corporate Bond Market Summary – Week Ending 11/14/25
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 11/14/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Piedmont Operating Partnership (USD) 5.625% 1/15/2033 | Senior Notes | 400 | 99.364 | 5.73 | 185 |
| Genpact LTD (USD) 4.95% 11/18/2030 | Senior Notes | 350 | 99.593 | 5.04 | 135 |
| Boardwalk Pipelines LLC (USD) 5.375% 2/15/2036 | Senior Notes | 550 | 99.853 | 5.40 | 130 |
| Northern Trust Corp. (USD) 4.15% 11/19/2030 | Senior Notes | 500 | 99.951 | 4.16 | 50 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 11/7/25 – 11/14/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | SBBBSS 1.125 9/26/2029 | 1.13% | 09/26/29 | 4.65% | 80.25 | 76.68 | 14 |
| 2 | ALB 5.65 6/1/2052 | 5.65% | 06/01/52 | 1.23% | 88.86 | 87.78 | 18 |
| 3 | STANLN 7 PERP 144A | 6.61% | – | 1.19% | 101.98 | 100.77 | 27 |
| 4 | WPPLN 2.875 9/14/2046 | 2.88% | 09/14/46 | 1.09% | 63.29 | 62.61 | 17 |
| 5 | CE 5 4/15/2031 | 5.00% | 04/15/31 | 0.97% | 97.52 | 96.58 | 17 |
| 6 | NIBCAP 3.5 6/5/2030 REGS | 3.50% | 06/05/30 | 0.94% | 101.68 | 100.74 | 19 |
| 7 | ENH 7 7/15/2034 | 7.00% | 07/15/34 | 0.92% | 112.90 | 111.87 | 8 |
| 8 | BANNER 2.48 1/1/2032 | 2.48% | 01/01/32 | 0.90% | 89.08 | 88.29 | 2 |
| 9 | AAWW 8.5 2/15/2030 144A | 8.50% | 02/15/30 | 0.78% | 102.67 | 101.88 | 20 |
| 10 | SWSFIN 7.75 10/31/2031 | 7.75% | 10/31/31 | 0.74% | 106.20 | 105.43 | 15 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 11/7/25 – 11/14/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | FMC 8.45 11/1/2055 | 8.45% | 11/01/55 | ▼ -5.31% | 87.63 | 92.55 | 23 |
| 2 | CITCON 3.625 PERP | 6.58% | – | ▼ -5.25% | 80.45 | 84.91 | 17 |
| 3 | WLNFP 4.125 9/12/2028 | 4.13% | 09/12/28 | ▼ -4.69% | 85.24 | 89.43 | 20 |
| 4 | ORCL 4.375 5/15/2055 | 4.38% | 05/15/55 | ▼ -4.29% | 72.30 | 75.54 | 22 |
| 5 | SVTLN 1.6675 8/1/2057 | 1.67% | 08/01/57 | ▼ -2.97% | 62.47 | 64.38 | 7 |
| 6 | DNDCN 8.625 4/15/2029 144A | 8.63% | 04/15/29 | ▼ -2.72% | 91.49 | 94.05 | 24 |
| 7 | REPHUN 3.125 9/21/2051 REGS | 3.13% | 09/21/51 | ▼ -2.64% | 61.90 | 63.58 | 21 |
| 8 | MOTOPG 5.625 1/24/2054 | 5.63% | 01/24/54 | ▼ -2.64% | 88.34 | 90.74 | 17 |
| 9 | EDF 6.5 11/8/2064 | 6.50% | 11/08/64 | ▼ -2.55% | 94.66 | 97.14 | 17 |
| 10 | UU 1.585 7/12/2057 | 1.61% | 07/12/57 | ▼ -2.53% | 61.73 | 63.33 | 8 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 11/7/25 – 11/14/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Energy: Electricity | ▼ -63 bps | 4.43% | 5.06% |
| 2 | Finance | ▼ -49 bps | 5.31% | 5.80% |
| 3 | Utilities: Water | ▼ -8 bps | 4.97% | 5.05% |
| 4 | Media: Advertising, Printing & Publishing | ▼ -7 bps | 7.50% | 7.57% |
| 5 | Containers, Packaging, & Glass | ▼ -5 bps | 4.00% | 4.05% |
| 6 | Utilities: Oil & Gas | ▼ -1 bps | 4.24% | 4.25% |
| 7 | Retail | ▼ -1 bps | 4.43% | 4.44% |
| 8 | Construction & Building | ▼ -1 bps | 4.15% | 4.16% |
| 9 | Healthcare & Pharmaceuticals | 0 bps | 4.08% | 4.09% |
| 10 | Insurance | 0 bps | 4.42% | 4.43% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 11/7/25 – 11/14/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Aerospace & Defense | 167 bps | 6.70% | 5.03% |
| 2 | Services: Business | 95 bps | 6.90% | 5.95% |
| 3 | Services: Consumer | 68 bps | 5.42% | 4.75% |
| 4 | Wholesale | 27 bps | 5.01% | 4.74% |
| 5 | Transportation: Consumer | 11 bps | 4.44% | 4.33% |
| 6 | Real Estate | 8 bps | 5.91% | 5.83% |
| 7 | High Tech Industries | 7 bps | 4.31% | 4.25% |
| 8 | Chemicals, Plastics & Rubber | 6 bps | 4.99% | 4.93% |
| 9 | Energy: Oil & Gas | 6 bps | 5.02% | 4.96% |
| 10 | Metals & Mining | 6 bps | 4.46% | 4.41% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 11/7/25 – 11/14/25 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 11/7/25 – 11/14/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/7/25 vs. the week ending 11/14/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | DD 5.419 11/15/2048 144A | 5.42% | 11/15/48 | 10 | 130 | 120 | ▲ 1200% |
| 2 | DD 5.419 11/15/2048 REGS | 5.42% | 11/15/48 | 10 | 130 | 120 | ▲ 1200% |
| 3 | T 2.35 9/5/2029 REGS | 2.35% | 09/05/29 | 50 | 150 | 100 | ▲ 200% |
| 4 | T 2.35 9/5/2029 144A | 2.35% | 09/05/29 | 50 | 150 | 100 | ▲ 200% |
| 5 | ROMANI 2.5 2/8/2030 144A | 2.50% | 02/08/30 | 126 | 216 | 90 | ▲ 71% |
| 6 | ROMANI 6.125 1/22/2044 144A | 6.13% | 01/22/44 | 126 | 216 | 90 | ▲ 71% |
| 7 | ROMANI 5.25 11/25/2027 144A | 5.25% | 11/25/27 | 126 | 216 | 90 | ▲ 71% |
| 8 | REPHUN 5.25 6/16/2029 144A | 5.25% | 06/16/29 | 126 | 216 | 90 | ▲ 71% |
| 9 | ROMANI 5.625 2/22/2036 144A | 5.63% | 02/22/36 | 122 | 211 | 89 | ▲ 73% |
| 10 | ROMANI 5 9/27/2026 144A | 5.00% | 09/27/26 | 123 | 211 | 88 | ▲ 72% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 11/7/25 – 11/14/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | BAC 5.464 5/9/2036 | 5.64% | 5/9/2036 | 40 |
| 2 | HSBC 8 PERP | 7.60% | – | 40 |
| 3 | HSBC 4 PERP | 6.96% | – | 38 |
| 4 | LLOYDS 4.425 11/4/2031 | 4.50% | 11/4/2031 | 38 |
| 5 | HSBC 6 PERP | 6.00% | – | 38 |
| 6 | ACAFP 7.125 PERP REGS | 7.13% | – | 37 |
| 7 | HSBC 6.5 PERP | 6.50% | – | 37 |
| 8 | ACAFP 7.125 PERP 144A | 7.13% | – | 37 |
| 9 | HSBC 4.6 PERP | 7.39% | – | 37 |
| 10 | BNP 7.45 PERP REGS | 6.87% | – | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 11/7/25 – 11/14/25 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 11/7/25 – 11/14/25
Related Resources
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