Investment Grade Corporate Bond Market Summary – Week Ending 1/9/26
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 1/9/26, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Citigroup Global Markets Holdings Inc. (USD) 0% 5/7/2026 | Note | 10000 | 100 | – | – |
| Orange SA (USD) 5% 1/13/2036 144A | Senior Unsecured Note | 2000 | 99.17 | – | – |
| Credit Agricole SA (USD) 5.261% 1/12/2037 144A | Senior – Non Preferred MTN | 1750 | 100 | – | – |
| Totalenergies Capital SA (USD) 4.248% 1/13/2031 | Guaranteed Notes | 1500 | 100 | 4.25 | 53 |
| Oesterreichische Kontrollbank AG (USD) 3.75% 1/15/2031 | Note | 1500 | 99.702 | – | – |
| Mitsubishi UFJ Financial Group Inc. (USD) 5.057% 1/14/2037 | Notes | 1500 | 100 | 5.06 | 90 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 1/2/26 – 1/9/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | MOVCHI 3.537 11/18/2031 REGS | 3.54% | 11/18/31 | ▲ 7.53% | 62.16 | 57.80 | 4 |
| 2 | MARA 2.125 9/1/2031 | 2.13% | 09/01/31 | ▲ 4.93% | 86.33 | 82.27 | 8 |
| 3 | BAC 0 PERP | 4.38% | NULL | ▲ 4.56% | 81.96 | 78.38 | 8 |
| 4 | SVTLN 1.6675 8/1/2057 | 1.67% | 08/01/57 | ▲ 3.63% | 67.29 | 64.93 | 7 |
| 5 | BAZFIN 0.074 5/16/2049 | 0.07% | 05/16/49 | ▲ 3.46% | 60.43 | 58.41 | 4 |
| 6 | WLNFP 5.25 11/27/2029 | 5.25% | 11/27/29 | ▲ 3.17% | 91.19 | 88.39 | 12 |
| 7 | UKRAIL 1.1335 11/22/2045 | 1.13% | 11/22/45 | ▲ 3.01% | 81.40 | 79.02 | 2 |
| 8 | LNGFOR 3.95 9/16/2029 | 3.95% | 09/16/29 | ▲ 3.00% | 80.54 | 78.20 | 17 |
| 9 | NWENET 1.4746 4/6/2046 | 3.02% | 04/06/46 | ▲ 2.97% | 153.28 | 148.87 | 8 |
| 10 | EFSF 2 2/28/2056 | 2.00% | 02/28/56 | ▲ 2.91% | 67.60 | 65.69 | 6 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 1/2/26 – 1/9/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | AXALEM 0.875 11/15/2029 | 0.88% | 11/15/29 | ▼ -4.29% | 92.53 | 96.68 | 11 |
| 2 | INPSTN 4 4/1/2031 144A | 4.00% | 04/01/31 | ▼ -3.33% | 96.99 | 100.33 | 11 |
| 3 | PANAMA 4.5 1/19/2063 | 4.50% | 01/19/63 | ▼ -2.14% | 72.57 | 74.16 | 20 |
| 4 | BC 5.1 4/1/2052 | 5.10% | 04/01/52 | ▼ -2.02% | 77.53 | 79.13 | 9 |
| 5 | RAIZBZ 6.95 3/5/2054 REGS | 6.95% | 03/05/54 | ▼ -1.81% | 74.78 | 76.16 | 23 |
| 6 | INDON 3.2 9/23/2061 | 3.20% | 09/23/61 | ▼ -1.63% | 63.25 | 64.29 | 17 |
| 7 | ADGB 2.7 9/2/2070 REGS | 2.70% | 09/02/70 | ▼ -1.46% | 54.60 | 55.41 | 19 |
| 8 | ROMANI 4 2/14/2051 144A | 4.00% | 02/14/51 | ▼ -1.46% | 67.15 | 68.14 | 18 |
| 9 | CAG 5.3 11/1/2038 | 5.30% | 11/01/38 | ▼ -1.46% | 94.46 | 95.86 | 23 |
| 10 | REPHUN 3.125 9/21/2051 REGS | 3.13% | 09/21/51 | ▼ -1.40% | 60.66 | 61.52 | 19 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 1/2/26 – 1/9/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Energy: Electricity | ▼ -70 bps | 4.84% | 5.54% |
| 2 | Real Estate | ▼ -49 bps | 5.15% | 5.64% |
| 3 | Banking | ▼ -43 bps | 4.32% | 4.75% |
| 4 | Utilities: Water | ▼ -19 bps | 4.82% | 5.01% |
| 5 | Media: Advertising, Printing & Publishing | ▼ -18 bps | 6.95% | 7.13% |
| 6 | Telecommunications | ▼ -17 bps | 4.25% | 4.42% |
| 7 | Utilities: Oil & Gas | ▼ -13 bps | 4.19% | 4.32% |
| 8 | Aerospace & Defense | ▼ -9 bps | 4.74% | 4.83% |
| 9 | Services: Business | ▼ -6 bps | 5.26% | 5.33% |
| 10 | Consumer Goods: Durable | ▼ -5 bps | 3.98% | 4.03% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 1/2/26 – 1/9/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Finance | ▲ 29 bps | 5.68% | 5.38% |
| 2 | Energy: Oil & Gas | ▲ 10 bps | 5.05% | 4.95% |
| 3 | Containers, Packaging, & Glass | ▲ 8 bps | 4.09% | 4.01% |
| 4 | Insurance | ▲ 6 bps | 4.44% | 4.37% |
| 5 | Services: Consumer | ▲ 4 bps | 4.84% | 4.80% |
| 6 | Metals & Mining | ▲ 3 bps | 4.69% | 4.65% |
| 7 | Forest Products & Paper | ▲ 2 bps | 3.98% | 3.96% |
| 8 | Hotel, Gaming & Leisure | ▲ 2 bps | 5.07% | 5.05% |
| 9 | Wholesale | ▲ 1 bps | 4.77% | 4.76% |
| 10 | Automotive | ▲ 1 bps | 4.24% | 4.23% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 1/2/26 – 1/9/26. 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 1/2/26 – 1/9/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 1/2/26 vs. the week ending 1/9/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | URBREN 3.55 8/27/2034 | 3.55% | 08/27/34 | 15 | 117 | 102 | ▲ 680% |
| 2 | HKMTGC 4.2 2/28/2034 | 4.20% | 02/28/34 | 15 | 117 | 102 | ▲ 680% |
| 3 | HKMTGC 3.45 10/17/2029 | 3.45% | 10/17/29 | 15 | 117 | 102 | ▲ 680% |
| 4 | HKAA 4.1 1/14/2030 | 4.10% | 01/14/30 | 24 | 124 | 100 | ▲ 417% |
| 5 | HKAA 4.25 1/14/2035 | 4.25% | 01/14/35 | 25 | 122 | 97 | ▲ 388% |
| 6 | MEX 5.75 10/12/2110 | 5.75% | 10/12/10 | 70 | 140 | 70 | ▲ 100% |
| 7 | FRESHK 6 10/1/2028 | 6.00% | 10/01/28 | 68 | 138 | 70 | ▲ 103% |
| 8 | URBREN 3.45 8/27/2029 | 3.45% | 08/27/29 | 13 | 79 | 66 | ▲ 508% |
| 9 | CI 5 5/15/2029 | 5.00% | 05/15/29 | 173 | 233 | 60 | ▲ 35% |
| 10 | NWG 5.516 9/30/2028 | 5.74% | 09/30/28 | 183 | 242 | 59 | ▲ 32% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 1/2/26 – 1/9/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.54% | NULL | 40 |
| 2 | HSBC 6 PERP | 6.00% | NULL | 38 |
| 3 | HSBC 6.875 PERP | 6.98% | NULL | 37 |
| 4 | ORCL 4.45 9/26/2030 | 4.45% | 09/26/2030 | 36 |
| 5 | HSBC 6.5 PERP | 6.50% | NULL | 36 |
| 6 | T 4.9 11/1/2035 | 4.90% | 11/01/2035 | 36 |
| 7 | AMAZON 11/20/2035 | 4.65% | 11/20/2035 | 36 |
| 8 | HSBC 4 PERP | 6.90% | NULL | 36 |
| 9 | HSBC 4.6 PERP | 7.33% | NULL | 36 |
| 10 | INTNED 7 PERP | 7.00% | NULL | 35 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 1/2/26 – 1/9/26. 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 1/2/26 – 1/9/26
Related Resources
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