Investment Grade Corporate Bond Market Summary – Week Ending 12/5/25
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 12/5/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Ventas Realty LP (USD) 5% 2/15/2036 | Senior Notes | 500 | 99.51 | 5.06 | 97 |
| Toyota Motor Credit Corp. (USD) 4.15% 12/10/2030 | Notes | 80 | 100 | 4.15 | – |
| Manulife Financial Corp. (USD) 4.986% 12/11/2035 | Senior Notes | 1000 | 100 | 4.99 | 90 |
| American Tower Corp. (USD) 4.7% 12/15/2032 | Senior Notes | 850 | 99.685 | 4.75 | 90 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 11/28/25 – 12/5/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | FMC 8.45 11/1/2055 | 8.45% | 11/01/55 | ▲ 7.82% | 83.14 | 77.11 | 28 |
| 2 | SBNY 4 10/15/2030 | 4.00% | 10/15/30 | ▲ 3.21% | 66.97 | 64.88 | 11 |
| 3 | MLFP 3.25 9/30/2045 | 3.25% | 09/30/45 | ▲ 2.14% | 88.78 | 86.92 | 7 |
| 4 | DNDCN 8.625 4/15/2029 144A | 8.63% | 04/15/29 | ▲ 1.69% | 93.16 | 91.62 | 23 |
| 5 | GYCGR 6.125 PERP | 5.91% | NULL | ▲ 1.46% | 105.61 | 104.09 | 17 |
| 6 | SBBBSS 1.125 9/26/2029 | 1.13% | 09/26/29 | ▲ 1.37% | 81.20 | 80.11 | 14 |
| 7 | JBLU 9.875 9/20/2031 144A | 9.88% | 09/20/31 | ▲ 1.27% | 99.55 | 98.30 | 32 |
| 8 | VFC 0.625 2/25/2032 | NULL | 02/25/32 | ▲ 1.24% | 78.67 | 77.71 | 16 |
| 9 | AAWW 8.5 2/15/2030 144A | 8.50% | 02/15/30 | ▲ 1.11% | 103.50 | 102.36 | 22 |
| 10 | HSBC 4.75 3/24/2046 | 4.75% | 03/24/46 | ▲ 1.04% | 84.51 | 83.64 | 16 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 11/28/25 – 12/5/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | RAIZBZ 5.7 1/17/2035 REGS | 5.70% | 01/17/35 | ▼ -5.39% | 77.90 | 82.33 | 22 |
| 2 | MOVCHI 3.537 11/18/2031 REGS | 3.54% | 11/18/31 | ▼ -3.09% | 57.48 | 59.32 | 5 |
| 3 | CAT 6.95 5/1/2042 | 6.95% | 05/01/42 | ▼ -2.81% | 116.15 | 119.51 | 3 |
| 4 | DUKUNI 2.832 10/1/2055 | 2.83% | 10/01/55 | ▼ -2.47% | 63.10 | 64.70 | 6 |
| 5 | VZ 3.5 11/4/2039 | 3.50% | 11/04/39 | ▼ -2.43% | 72.11 | 73.90 | 6 |
| 6 | TEMASE 2.75 8/2/2061 144A | 2.75% | 08/02/61 | ▼ -2.40% | 63.66 | 65.23 | 16 |
| 7 | DWNIGY 1.3 4/7/2041 | 1.30% | 04/07/41 | ▼ -2.40% | 66.05 | 67.67 | 14 |
| 8 | HKAA 3.5 1/12/2062 REGS | 3.50% | 01/12/62 | ▼ -2.39% | 75.96 | 77.82 | 17 |
| 9 | CALTEC 4.7 11/1/2011 | 4.70% | 11/01/11 | ▼ -2.34% | 81.82 | 83.78 | 2 |
| 10 | NVDA 3.7 4/1/2060 | 3.70% | 04/01/60 | ▼ -2.33% | 74.88 | 76.66 | 25 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 11/28/25 – 12/5/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Real Estate | ▼ -46 bps | 5.41% | 5.88% |
| 2 | Banking | ▼ -34 bps | 4.44% | 4.77% |
| 3 | Utilities: Water | ▼ -22 bps | 4.90% | 5.12% |
| 4 | Media: Advertising, Printing & Publishing | ▼ -20 bps | 7.40% | 7.60% |
| 5 | Construction & Building | ▼ -1 bps | 4.11% | 4.12% |
| 6 | Media: Diversified & Production | ▲ 0 bps | 4.63% | 4.63% |
| 7 | Telecommunications | ▲ 1 bps | 4.16% | 4.16% |
| 8 | Chemicals, Plastics & Rubber | ▲ 4 bps | 4.99% | 4.94% |
| 9 | Healthcare & Pharmaceuticals | ▲ 4 bps | 4.08% | 4.04% |
| 10 | Energy: Oil & Gas | ▲ 5 bps | 5.00% | 4.95% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 11/28/25 – 12/5/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Business | ▲ 179 bps | 7.64% | 5.85% |
| 2 | Capital Equipment | ▲ 32 bps | 4.22% | 3.90% |
| 3 | Media: Broadcasting & Subscription | ▲ 29 bps | 4.56% | 4.27% |
| 4 | Metals & Mining | ▲ 14 bps | 4.56% | 4.43% |
| 5 | Services: Consumer | ▲ 14 bps | 4.80% | 4.66% |
| 6 | Transportation: Consumer | ▲ 13 bps | 4.50% | 4.37% |
| 7 | Environmental Industries | ▲ 11 bps | 4.07% | 3.96% |
| 8 | Energy: Electricity | ▲ 11 bps | 5.22% | 5.12% |
| 9 | Consumer Goods: Durable | ▲ 10 bps | 4.06% | 3.95% |
| 10 | Consumer Goods: Non-Durable | ▲ 10 bps | 4.03% | 3.93% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 11/28/25 – 12/5/25 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 11/28/25 – 12/5/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 11/28/25 vs. the week ending 12/5/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | AMAZON 11/20/2030 | 4.10% | 11/20/30 | 214 | 329 | 115 | ▲ 54% |
| 2 | AMAZON 11/20/2055 | 5.45% | 11/20/55 | 204 | 317 | 113 | ▲ 55% |
| 3 | AMAZON 11/20/2028 | 3.90% | 11/20/28 | 158 | 256 | 98 | ▲ 62% |
| 4 | AMAZON 11/20/2033 | 4.35% | 03/20/33 | 193 | 287 | 94 | ▲ 49% |
| 5 | MARS 1.625 7/16/2032 REGS | 1.63% | 07/16/32 | 129 | 207 | 78 | ▲ 60% |
| 6 | EFNCN 4.641 11/24/2030 REGS | 4.64% | 11/24/30 | 35 | 113 | 78 | ▲ 223% |
| 7 | VOYA 4.6 11/24/2030 REGS | 4.60% | 11/24/30 | 10 | 71 | 61 | ▲ 610% |
| 8 | TOYOTA 4.35 10/8/2027 | 4.35% | 10/08/27 | 90 | 147 | 57 | ▲ 63% |
| 9 | NRUC 4.3 4/15/2030 | 4.30% | 04/15/30 | 5 | 61 | 56 | ▲ 1120% |
| 10 | EVRG 5.25 12/15/2035 REGS | 5.25% | 12/15/35 | 130 | 184 | 54 | ▲ 42% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 11/28/25 – 12/5/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | – | 41 |
| 2 | HSBC 6 PERP | 6.00% | – | 40 |
| 3 | HSBC 4.6 PERP | 7.39% | – | 38 |
| 4 | HSBC 6.5 PERP | 6.50% | – | 38 |
| 5 | HSBC 4 PERP | 6.96% | – | 38 |
| 6 | ACAFP 7.125 PERP REGS | 7.13% | – | 37 |
| 7 | ACAFP 7.125 PERP 144A | 7.13% | – | 37 |
| 8 | TOYOTA 5.35 1/9/2035 | 5.35% | 01/09/35 | 37 |
| 9 | HSBC 6.875 PERP | 7.04% | – | 36 |
| 10 | ACAFP 6.7 PERP REGS | 6.70% | – | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 11/28/25 – 12/5/25 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 11/28/25 – 12/5/25
Related Resources
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