Investment Grade Corporate Bond Market Summary – Week Ending 11/28/25
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 11/28/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Breakwater Energy Hldg Sarl (USD) 9.25% 11/15/2030 | Senior Secured Notes | 725 | 100 | 9.25 | 540 |
| Duke Energy Florida Inc. (USD) 4.85% 12/1/2035 | First & General Mortgage Bonds | 600 | 99.968 | 4.85 | 82 |
| Toyota Credit Canada Inc. (CAD) 3.12% 11/20/2028 | Senior Notes | 400 | 99.983 | 3.13 | – |
| SMBC Aviation Capital Fi (USD) 5.25% 11/26/2036 | Notes | 750 | 100 | 5.25 | 115 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 11/21/25 – 11/28/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | BAZFIN 0.954 6/15/2054 | 0.95% | 06/15/54 | ▲ 4.66% | 55.11 | 52.66 | 2 |
| 2 | SVTLN 1.399 2/9/2057 | 1.43% | 02/09/57 | ▲ 4.29% | 59.86 | 57.40 | 7 |
| 3 | MOTOPG 5.625 1/24/2054 | 5.63% | 01/24/54 | ▲ 4.27% | 92.34 | 88.56 | 17 |
| 4 | NGGLN 1.541 12/1/2053 | 1.54% | 07/31/53 | ▲ 4.22% | 64.62 | 62.01 | 6 |
| 5 | UKRAIL 0 6/28/2047 | 0.00% | 06/28/47 | ▲ 3.92% | 57.84 | 55.66 | 3 |
| 6 | ENIIM FLT 7/9/2027 | 6.03% | 07/09/27 | ▲ 3.88% | 101.23 | 97.45 | 2 |
| 7 | KEL 1.462 8/1/2051 REGS | #VALUE! | 08/01/51 | ▲ 3.88% | 59.13 | 56.92 | 5 |
| 8 | MGNLN 6.25 10/20/2068 | NULL | 10/20/68 | ▲ 3.86% | 94.03 | 90.54 | 17 |
| 9 | MLFP 3.25 9/30/2045 | 3.25% | 09/30/45 | ▲ 3.84% | 86.92 | 83.70 | 7 |
| 10 | VOD 3 8/12/2056 | 3.00% | 08/12/56 | ▲ 3.84% | 55.94 | 53.87 | 19 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 11/21/25 – 11/28/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | FMC 8.45 11/1/2055 | 8.45% | 11/01/55 | ▼ -6.19% | 77.11 | 82.20 | 27 |
| 2 | LNGFOR 3.85 1/13/2032 | 3.85% | 01/13/32 | ▼ -4.81% | 70.42 | 73.98 | 15 |
| 3 | SHUION 5.5 6/29/2026 | 5.50% | 06/29/26 | ▼ -1.52% | 97.07 | 98.57 | 15 |
| 4 | CPDEV 7.15 3/21/2028 | 7.15% | 03/21/28 | ▼ -1.47% | 100.80 | 102.30 | 13 |
| 5 | CITCON 7.875 PERP | 7.35% | – | ▼ -1.46% | 82.33 | 83.55 | 14 |
| 6 | CHJMAO 4.25 7/23/2029 | 4.25% | 07/23/29 | ▼ -1.39% | 91.08 | 92.36 | 15 |
| 7 | NAB 5.774 7/30/2040 | 5.37% | 07/30/40 | ▼ -0.92% | 98.76 | 99.68 | 11 |
| 8 | HSBC 5.25 PERP | 5.25% | – | ▼ -0.84% | 103.13 | 104.00 | 3 |
| 9 | PSASP 2.7 6/3/2035 | 2.70% | 06/03/35 | ▼ -0.84% | 100.34 | 101.19 | 10 |
| 10 | EBIUH 5.913 6/18/2035 | 5.91% | 06/18/35 | ▼ -0.72% | 101.44 | 102.17 | 9 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 11/21/25 – 11/28/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Business | ▼ -146 bps | 6.02% | 7.48% |
| 2 | Capital Equipment | ▼ -41 bps | 3.90% | 4.31% |
| 3 | Services: Consumer | ▼ -20 bps | 4.64% | 4.84% |
| 4 | Chemicals, Plastics & Rubber | ▼ -18 bps | 4.85% | 5.03% |
| 5 | Retail | ▼ -13 bps | 4.31% | 4.45% |
| 6 | Transportation: Cargo | ▼ -12 bps | 4.53% | 4.65% |
| 7 | Consumer Goods: Durable | ▼ -11 bps | 3.99% | 4.09% |
| 8 | High Tech Industries | ▼ -9 bps | 4.23% | 4.31% |
| 9 | Transportation: Consumer | ▼ -8 bps | 4.36% | 4.44% |
| 10 | Insurance | ▼ -8 bps | 4.36% | 4.44% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 11/21/25 – 11/28/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Energy: Electricity | ▲ 65 bps | 5.12% | 4.47% |
| 2 | Energy: Oil & Gas | ▲ 7 bps | 4.97% | 4.90% |
| 3 | Sovereign & Public Finance | ▲ 5 bps | 3.85% | 3.80% |
| 4 | Media: Diversified & Production | ▲ 4 bps | 4.62% | 4.58% |
| 5 | Telecommunications | ▲ 3 bps | 4.16% | 4.13% |
| 6 | Banking | ▲ 2 bps | 4.77% | 4.75% |
| 7 | Real Estate | ▲ 2 bps | 5.88% | 5.86% |
| 8 | Hotel, Gaming & Leisure | ▲ 2 bps | 4.60% | 4.58% |
| 9 | Media: Advertising, Printing & Publishing | ▼ 0 bps | 7.61% | 7.61% |
| 10 | Wholesale | ▼ -1 bps | 4.96% | 4.97% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 11/21/25 – 11/28/25 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 11/21/25 – 11/28/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/21/25 vs. the week ending 11/28/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | COXENT 1.8 10/1/2030 REGS | 1.80% | 10/01/30 | 34 | 173 | 139 | ▲ 409% |
| 2 | COLPLN 4.25 4/15/2048 REGS | 4.25% | 04/15/48 | 58 | 141 | 83 | ▲ 143% |
| 3 | BCICI 2.875 10/14/2031 144A | 2.88% | 10/14/31 | 40 | 120 | 80 | ▲ 200% |
| 4 | BSANCI 3.177 10/26/2031 144A | 3.18% | 10/26/31 | 40 | 120 | 80 | ▲ 200% |
| 5 | BNCHIL 2.99 12/9/2031 144A | 2.99% | 12/09/31 | 40 | 120 | 80 | ▲ 200% |
| 6 | SUAMSA 6.35 5/13/2032 144A | 6.35% | 05/13/32 | 44 | 120 | 76 | ▲ 173% |
| 7 | SUAMSA 4.375 4/11/2027 144A | 4.38% | 04/11/27 | 44 | 120 | 76 | ▲ 173% |
| 8 | W 6.75 11/15/2032 144A | 6.75% | 11/15/32 | 131 | 200 | 69 | ▲ 53% |
| 9 | BCONAL 2.5 8/11/2030 REGS | 2.50% | 08/11/30 | 38 | 105 | 67 | ▲ 176% |
| 10 | AVGO 3.419 4/15/2033 | 3.42% | 04/15/33 | 115 | 178 | 63 | ▲ 55% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 11/21/25 – 11/28/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | – | 39 |
| 2 | HSBC 6 PERP | 6.00% | – | 38 |
| 3 | GOOGL 4.5 5/15/2035 | 4.50% | 05/15/35 | 38 |
| 4 | HSBC 6.5 PERP | 6.50% | – | 36 |
| 5 | GOOGL 11/15/2030 | 4.10% | 11/15/30 | 36 |
| 6 | LLOYDS 4.425 11/4/2031 | 4.50% | 11/04/31 | 36 |
| 7 | GOOGL 5.25 5/15/2055 | 5.25% | 05/15/55 | 36 |
| 8 | GOOGL 11/15/2032 | 4.38% | 11/15/32 | 36 |
| 9 | HSBC 4.6 PERP | 7.39% | – | 36 |
| 10 | HSBC 4 PERP | 6.96% | – | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 11/21/25 – 11/28/25 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 11/21/25 – 11/28/25
Related Resources
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