Investment Grade Corporate Bond Market Summary – Week Ending 12/26/25
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 12/26/25, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Deutsche Bank AG of New York (USD) 4.469% 12/10/2031 | Notes | 1000 | 100 | 4.47 | 85 |
| Canadian Natural Resources LTD (CAD) 4.55% 2/8/2036 | Notes | 550 | 99.7 | 4.59 | – |
| Apollo Debt Solutions BDC (USD) 5.2% 12/8/2028 | Senior Notes | 400 | 100 | 5.2 | 170 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 12/19/25 – 12/26/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | AEMSPA 1.625 10/19/2027 | 1.63% | 10/19/27 | ▲ 6.18% | 104.59 | 98.50 | 12 |
| 2 | LBBW 1.125 10/25/2027 | 1.13% | 10/25/27 | ▲ 5.49% | 102.46 | 97.12 | 14 |
| 3 | MS 0 4/10/2028 | 0.00% | 04/10/28 | ▲ 5.47% | 120.63 | 114.38 | 4 |
| 4 | DHR 1.35 9/18/2039 | 1.35% | 09/18/39 | ▲ 3.09% | 74.99 | 72.74 | 16 |
| 5 | MSINAI 3.981 7/1/2048 | 3.98% | 07/01/48 | ▲ 2.50% | 74.53 | 72.72 | 3 |
| 6 | ORCL 5.55 2/6/2053 | 5.55% | 02/06/53 | ▲ 2.42% | 84.34 | 82.35 | 28 |
| 7 | SIEGR 3.625 2/22/2044 | 3.63% | 02/22/44 | ▲ 2.05% | 94.76 | 92.85 | 16 |
| 8 | TELVIS 6.625 1/15/2040 | 6.63% | 01/15/40 | ▲ 2.04% | 87.47 | 85.72 | 15 |
| 9 | BRLS 5.14 4/14/2032 144A | 5.14% | 04/14/32 | ▲ 1.43% | 99.68 | 98.27 | 6 |
| 10 | CMCSA 2.45 8/15/2052 | 2.45% | 08/15/52 | ▲ 1.37% | 53.30 | 52.58 | 24 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 12/19/25 – 12/26/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | PETRPE 4.75 6/19/2032 REGS | 4.75% | 06/19/32 | ▼ -6.92% | 77.29 | 83.03 | 21 |
| 2 | AALLN 4.5 9/15/2028 | 4.50% | 09/15/28 | ▼ -3.81% | 100.27 | 104.24 | 15 |
| 3 | ACAFP 4 12/28/2033 | 4.00% | 12/28/33 | ▼ -3.38% | 98.92 | 102.37 | 10 |
| 4 | GM 4.3 2/15/2029 | 4.30% | 02/15/29 | ▼ -2.41% | 100.98 | 103.47 | 24 |
| 5 | FLIQII 4.125 3/31/2038 144A | 4.13% | 03/31/38 | ▼ -2.23% | 91.27 | 93.35 | 3 |
| 6 | STLA 2.75 4/1/2032 | 2.75% | 04/01/32 | ▼ -2.10% | 90.59 | 92.54 | 21 |
| 7 | BYLAN 4.25 6/21/2027 | 4.25% | 06/21/27 | ▼ -1.43% | 100.95 | 102.42 | 14 |
| 8 | WHR 6.5 6/15/2033 | 6.50% | 06/15/33 | ▼ -1.42% | 96.54 | 97.93 | 25 |
| 9 | PARA 6.875 4/30/2036 | 6.88% | 04/30/36 | ▼ -1.38% | 98.47 | 99.85 | 22 |
| 10 | SESGFP 5.3 3/25/2044 REGS | 5.30% | 03/25/44 | ▼ -1.06% | 74.99 | 75.79 | 12 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 12/19/25 – 12/26/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Business | ▼ -335 bps | 4.10% | 7.45% |
| 2 | Utilities: Water | ▼ -120 bps | 4.01% | 5.21% |
| 3 | Energy: Electricity | ▼ -85 bps | 4.56% | 5.41% |
| 4 | Real Estate | ▼ -85 bps | 4.65% | 5.50% |
| 5 | Wholesale | ▼ -42 bps | 4.43% | 4.85% |
| 6 | Services: Consumer | ▼ -37 bps | 4.38% | 4.74% |
| 7 | Media: Diversified & Production | ▼ -26 bps | 4.39% | 4.65% |
| 8 | Energy: Oil & Gas | ▼ -25 bps | 4.61% | 4.86% |
| 9 | Construction & Building | ▼ -21 bps | 4.02% | 4.23% |
| 10 | Transportation: Cargo | ▼ -20 bps | 4.40% | 4.60% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 12/19/25 – 12/26/25
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Media: Advertising, Printing & Publishing | ▲ 206 bps | 9.14% | 7.07% |
| 2 | Consumer Goods: Durable | ▲ 50 bps | 4.52% | 4.02% |
| 3 | Chemicals, Plastics & Rubber | ▲ 37 bps | 5.20% | 4.84% |
| 4 | Forest Products & Paper | ▲ 31 bps | 4.29% | 3.98% |
| 5 | Media: Broadcasting & Subscription | ▲ 31 bps | 4.77% | 4.47% |
| 6 | Capital Equipment | ▲ 26 bps | 4.33% | 4.06% |
| 7 | Healthcare & Pharmaceuticals | ▲ 22 bps | 4.30% | 4.08% |
| 8 | Banking | ▲ 20 bps | 4.67% | 4.47% |
| 9 | Environmental Industries | ▲ 18 bps | 4.26% | 4.08% |
| 10 | Utilities: Oil & Gas | ▲ 17 bps | 4.49% | 4.31% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 12/19/25 – 12/26/25. Results are based on 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 12/19/25 – 12/26/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 12/19/25 vs. the week ending 12/26/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | BHP 5.3 2/21/2035 | 5.30% | 02/21/35 | 84 | 255 | 171 | ▲ 204% |
| 2 | BHP 5.125 2/21/2032 | 5.13% | 02/21/32 | 87 | 240 | 153 | ▲ 176% |
| 3 | RABOBK 5.71 1/21/2033 REGS | 5.71% | 01/21/33 | 153 | 238 | 85 | ▲ 56% |
| 4 | HUM 5.75 4/15/2054 | 5.75% | 04/15/54 | 119 | 203 | 84 | ▲ 71% |
| 5 | WOORIB 4.75 1/24/2029 REGS | 4.75% | 01/24/29 | 30 | 95 | 65 | ▲ 217% |
| 6 | WOORI BK GLOBAL MEDIUM TERM SR | 4.75% | 01/24/27 | 30 | 95 | 65 | ▲ 217% |
| 7 | WOORI BK GLOBAL MEDIUM TERM SR | 4.75% | 01/24/27 | 30 | 95 | 65 | ▲ 217% |
| 8 | WOORI BK GLOBAL MEDIUM TERM SR | 4.75% | 01/24/29 | 30 | 95 | 65 | ▲ 217% |
| 9 | FORTRE 6.25 4/1/2030 REGS | 6.25% | 04/01/30 | 41 | 105 | 64 | ▲ 156% |
| 10 | BRKHEC 5.625 2/1/2054 REGS | 5.63% | 02/01/54 | 95 | 158 | 63 | ▲ 66% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 12/19/25 – 12/26/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.60% | — | 40 |
| 2 | HSBC 6 PERP | 6.00% | — | 39 |
| 3 | HSBC 4.6 PERP | 7.39% | — | 37 |
| 4 | ACAFP 7.125 PERP REGS | 7.13% | — | 36 |
| 5 | WFC 4.892 9/15/2036 | 5.00% | 09/15/36 | 36 |
| 6 | ACAFP 7.125 PERP 144A | 7.13% | — | 36 |
| 7 | HSBC 4 PERP | 6.96% | — | 36 |
| 8 | JPM 4.81 10/22/2036 | 4.85% | 10/22/36 | 35 |
| 9 | HSBC 6.5 PERP | 6.50% | — | 35 |
| 10 | INTNED 7 PERP | 7.00% | — | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 12/19/25 – 12/26/25. Results are based on 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 12/19/25 – 12/26/25
Related Resources
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