Investment Grade Corporate Bond Market Summary – Week Ending 12/12/25
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 12/12/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Essex Portfolio LP (USD) 4.875% 2/15/2036 | Senior Notes | 350 | 99.093 | 4.99 | 93 |
| Avolon Hldg Funding Limited (USD) 4.7% 1/30/2031 Reg S | Senior Notes | 850 | 100 | 4.7 | – |
| Wisconsin Power & Light (USD) 5.7% 12/15/2055 | Debentures | 300 | 99.627 | 5.73 | 98 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 12/5/25 – 12/12/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | LASUDE 5 7/28/2026 | 5.00% | 07/28/26 | ▲ 8.67% | 75.91 | 69.86 | 13 |
| 2 | SBNY 0 11/1/2029 | 7.41% | 11/01/29 | ▲ 6.45% | 71.33 | 67.01 | 8 |
| 3 | WBA 4.1 4/15/2050 | 4.10% | 04/15/50 | ▲ 6.08% | 68.98 | 65.03 | 6 |
| 4 | LNGFOR 3.85 1/13/2032 | 3.85% | 01/13/32 | ▲ 3.60% | 72.13 | 69.62 | 14 |
| 5 | AFNCN 7.5 6/30/2030 | 7.50% | 06/30/30 | ▲ 3.52% | 102.49 | 99.00 | 2 |
| 6 | OMCL 1 12/1/2029 | 1.00% | 12/01/29 | ▲ 3.47% | 105.07 | 101.55 | 4 |
| 7 | SAN DIEGO FAMILY HSG LLC | 6.04% | 07/01/48 | ▲ 2.47% | 103.46 | 100.97 | 2 |
| 8 | HEIMST 6.75 PERP | NULL | NULL | ▲ 1.96% | 95.02 | 93.20 | 13 |
| 9 | ZOUCAO 6.7 9/25/2028 | 6.70% | 09/25/28 | ▲ 1.38% | 92.50 | 91.24 | 3 |
| 10 | FISOMA 4.375 7/22/2031 REGS | 4.38% | 07/22/31 | ▲ 1.37% | 87.95 | 86.76 | 8 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 12/5/25 – 12/12/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | PARA 4.95 5/19/2050 | 4.95% | 05/19/50 | ▼ -6.33% | 72.54 | 77.44 | 24 |
| 2 | ORCL 6.1 9/26/2065 | 6.10% | 09/26/65 | ▼ -5.32% | 87.13 | 92.02 | 17 |
| 3 | WBD 5 9/20/2037 | 5.00% | 09/20/37 | ▼ -4.42% | 80.28 | 83.99 | 7 |
| 4 | FMC 4.5 10/1/2049 | 4.50% | 10/01/49 | ▼ -3.98% | 62.98 | 65.59 | 26 |
| 5 | BGARIA 1.375 9/23/2050 | 1.38% | 09/23/50 | ▼ -3.07% | 55.01 | 56.75 | 17 |
| 6 | TELVIS 5.25 5/24/2049 | 5.25% | 05/24/49 | ▼ -2.99% | 67.91 | 70.00 | 14 |
| 7 | IBRD 0 5/25/2033 | 0.00% | 05/25/33 | ▼ -2.79% | 50.86 | 52.31 | 2 |
| 8 | IADB 6.5 3/4/2031 | 6.50% | 03/04/31 | ▼ -2.65% | 78.91 | 81.06 | 2 |
| 9 | IFC 0 8/27/2030 | 0.00% | 08/27/30 | ▼ -2.55% | 58.24 | 59.77 | 2 |
| 10 | FMC 8.45 11/1/2055 | 8.45% | 11/01/55 | ▼ -2.46% | 81.09 | 83.14 | 28 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 12/5/25 – 12/12/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Finance | ▼ -34 bps | 5.03% | 5.37% |
| 2 | Media: Advertising, Printing & Publishing | ▼ -23 bps | 7.17% | 7.40% |
| 3 | Sovereign & Public Finance | ▼ -14 bps | 3.79% | 3.93% |
| 4 | Aerospace & Defense | ▼ -13 bps | 5.26% | 5.39% |
| 5 | Banking | ▼ -12 bps | 4.35% | 4.47% |
| 6 | Media: Broadcasting & Subscription | ▼ -3 bps | 4.51% | 4.55% |
| 7 | Metals & Mining | ▼ -2 bps | 4.55% | 4.57% |
| 8 | Consumer Goods: Durable | ▲ 0 bps | 4.02% | 4.01% |
| 9 | Hotel, Gaming & Leisure | ▲ 1 bps | 4.78% | 4.78% |
| 10 | Insurance | ▲ 1 bps | 4.50% | 4.49% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 12/5/25 – 12/12/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Business | ▲ 37 bps | 8.06% | 7.69% |
| 2 | Construction & Building | ▲ 15 bps | 4.25% | 4.10% |
| 3 | Services: Consumer | ▲ 13 bps | 4.93% | 4.80% |
| 4 | Real Estate | ▲ 12 bps | 5.54% | 5.41% |
| 5 | Utilities: Water | ▲ 11 bps | 5.07% | 4.96% |
| 6 | Utilities: Oil & Gas | ▲ 11 bps | 4.32% | 4.21% |
| 7 | Energy: Oil & Gas | ▲ 11 bps | 5.09% | 4.99% |
| 8 | Capital Equipment | ▲ 8 bps | 4.30% | 4.22% |
| 9 | Utilities: Electric | ▲ 7 bps | 4.21% | 4.13% |
| 10 | Healthcare & Pharmaceuticals | ▲ 7 bps | 4.15% | 4.08% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 12/5/25 – 12/12/25 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 12/5/25 – 12/12/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 12/5/25 vs. the week ending 12/12/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | AMAZON 11/20/2035 | 4.65% | 11/20/35 | 231 | 350 | 119 | ▲ 52% |
| 2 | AMAZON 11/19/2065 | 5.55% | 11/20/65 | 201 | 312 | 111 | ▲ 55% |
| 3 | SCHW 4.914 11/14/2036 | 4.89% | 11/14/36 | 191 | 282 | 91 | ▲ 48% |
| 4 | TOYOTA 4.35 10/8/2027 | 4.35% | 10/08/27 | 147 | 235 | 88 | ▲ 60% |
| 5 | PEB 6.375 10/15/2029 144A | 6.38% | 10/15/29 | 60 | 144 | 84 | ▲ 140% |
| 6 | ORBIA 2.875 5/11/2031 144A | 2.88% | 05/11/31 | 118 | 200 | 82 | ▲ 69% |
| 7 | DANBNK 4.613 10/2/2030 REGS | 4.78% | 10/02/30 | 42 | 122 | 80 | ▲ 190% |
| 8 | FUKOKU 6.8 PERP | 6.80% | NULL | 92 | 172 | 80 | ▲ 87% |
| 9 | ORBIA 5.5 1/15/2048 144A | 5.50% | 01/15/48 | 112 | 190 | 78 | ▲ 70% |
| 10 | ORBIA 5.875 9/17/2044 144A | 5.88% | 09/17/44 | 112 | 190 | 78 | ▲ 70% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 12/5/25 – 12/12/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | – | 41 |
| 2 | HSBC 6 PERP | 6.00% | – | 39 |
| 3 | HSBC 4.6 PERP | 7.39% | – | 37 |
| 4 | HSBC 4 PERP | 6.96% | – | 37 |
| 5 | PFE 4.75 5/19/2033 | 4.75% | 5/19/2033 | 37 |
| 6 | BAC 5.464 5/9/2036 | 5.30% | 5/9/2036 | 36 |
| 7 | ACAFP 7.125 PERP REGS | 7.13% | – | 36 |
| 8 | ACAFP 7.125 PERP 144A | 7.13% | – | 36 |
| 9 | TOYOTA 5.35 1/9/2035 | 5.35% | 1/9/2035 | 36 |
| 10 | HSBC 6.5 PERP | 6.50% | – | 36 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 12/5/25 – 12/12/25 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 12/5/25 – 12/12/25
Related Resources
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