Investment Grade Corporate Bond Market Summary – Week Ending 1/16/26
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 1/16/26, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| MET Tower Global Funding (USD) 4% 1/14/2029 | Notes | 600 | 100 | 4 | 52 |
| Toyota Motor Credit Corp. (USD) 4.8% 1/11/2036 | Medium Term Notes | 500 | 99.969 | 4.8 | 67 |
| T-Mobile USA Inc. (USD) 5.85% 2/15/2056 | Senior Notes | 850 | 99.991 | 5.85 | 103 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 1/9/26 – 1/16/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | CVX 4.2 10/15/2049 | 4.20% | 10/15/49 | ▲ 5.23% | 86.88 | 82.56 | 4 |
| 2 | MARA 2.125 9/1/2031 | 2.13% | 09/01/31 | ▲ 4.63% | 90.33 | 86.33 | 9 |
| 3 | RAIZBZ 6.95 3/5/2054 144A | 6.95% | 03/05/54 | ▲ 4.23% | 77.95 | 74.78 | 24 |
| 4 | XRAY 8.375 9/12/2055 | 8.38% | 09/12/55 | ▲ 3.29% | 98.45 | 95.32 | 18 |
| 5 | GYCGR 6.332 PERP | 6.46% | NULL | ▲ 3.23% | 98.29 | 95.22 | 10 |
| 6 | FMC 8.45 11/1/2055 | 8.45% | 11/01/55 | ▲ 2.82% | 81.48 | 79.25 | 22 |
| 7 | GARUDA 6.5 12/28/2031 | 6.50% | 12/28/31 | ▲ 2.73% | 91.51 | 89.08 | 10 |
| 8 | HEIMST 6.75 PERP | 9.57% | NULL | ▲ 2.72% | 99.27 | 96.65 | 12 |
| 9 | DOW 6.9 5/15/2053 | 6.90% | 05/15/53 | ▲ 2.64% | 105.50 | 102.79 | 21 |
| 10 | LYB 3.625 4/1/2051 | 3.63% | 04/01/51 | ▲ 2.60% | 66.10 | 64.43 | 22 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 1/9/26 – 1/16/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | WLNFP 5.25 11/27/2029 | 5.25% | 11/27/29 | ▼ -3.42% | 88.08 | 91.19 | 13 |
| 2 | ATLC 9.75 9/1/2030 144A | 9.75% | 09/01/30 | ▼ -1.64% | 98.08 | 99.72 | 7 |
| 3 | CXT 6.55 11/15/2036 | 6.55% | 11/15/36 | ▼ -1.55% | 105.41 | 107.08 | 3 |
| 4 | WHR 4.6 5/15/2050 | 4.60% | 05/15/50 | ▼ -1.54% | 72.98 | 74.12 | 22 |
| 5 | KSS 5.55 7/17/2045 | 5.55% | 07/17/45 | ▼ -1.42% | 70.54 | 71.56 | 20 |
| 6 | SECO 5.06 4/8/2043 144A | 5.06% | 04/08/43 | ▼ -0.98% | 96.43 | 97.39 | 19 |
| 7 | SYF 7.25 2/2/2033 | 7.25% | 02/02/33 | ▼ -0.96% | 106.32 | 107.35 | 19 |
| 8 | DUKUNI 4.077 10/1/2048 | 4.08% | 10/01/48 | ▼ -0.89% | 82.04 | 82.78 | 3 |
| 9 | PCG 4.377 6/1/2039 | 4.38% | 06/01/39 | ▼ -1.19% | 94.77 | 95.92 | 5 |
| 10 | ALDAR 6.6227 4/15/2055 | 6.62% | 04/15/55 | ▼ -0.86% | 103.66 | 104.56 | 15 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 1/9/26 – 1/16/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Transportation: Cargo | ▼ -69 bps | 4.53% | 5.23% |
| 2 | Automotive | ▼ -49 bps | 4.23% | 4.72% |
| 3 | Media: Advertising, Printing & Publishing | ▼ -48 bps | 6.44% | 6.92% |
| 4 | Services: Consumer | ▼ -27 bps | 4.56% | 4.83% |
| 5 | Media: Diversified & Production | ▼ -24 bps | 4.40% | 4.63% |
| 6 | Wholesale | ▼ -8 bps | 4.68% | 4.76% |
| 7 | Telecommunications | ▼ -7 bps | 4.17% | 4.24% |
| 8 | Energy: Oil & Gas | ▼ -5 bps | 5.01% | 5.06% |
| 9 | Retail | ▼ -5 bps | 4.32% | 4.37% |
| 10 | Hotel, Gaming & Leisure | ▼ -4 bps | 5.08% | 5.12% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 1/9/26 – 1/16/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Business | ▲ 273 bps | 8.02% | 5.29% |
| 2 | Sovereign & Public Finance | ▲ 174 bps | 5.55% | 3.80% |
| 3 | Finance | ▲ 66 bps | 6.26% | 5.60% |
| 4 | Aerospace & Defense | ▲ 64 bps | 5.40% | 4.76% |
| 5 | Energy: Electricity | ▲ 52 bps | 5.38% | 4.86% |
| 6 | Real Estate | ▲ 14 bps | 5.31% | 5.18% |
| 7 | Banking | ▲ 6 bps | 4.48% | 4.42% |
| 8 | Consumer Goods: Non-Durable | ▲ 4 bps | 4.01% | 3.96% |
| 9 | Beverage, Food & Tobacco | ▲ 4 bps | 4.05% | 4.02% |
| 10 | Environmental Industries | ▲ 3 bps | 4.08% | 4.05% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 1/9/26 – 1/16/26. 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 1/9/26 – 1/16/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 1/9/26 vs. the week ending 1/16/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | NGGLN 5.996 7/3/2055 144A | 6.00% | 07/03/55 | 130 | 242 | 112 | ▲ 86% |
| 2 | VZ 5.401 7/2/2037 | 5.40% | 07/02/37 | 50 | 130 | 80 | ▲ 160% |
| 3 | AAWW 8.5 2/15/2030 REGS | 8.50% | 02/15/30 | 114 | 192 | 78 | ▲ 68% |
| 4 | STANLN 5.005 10/15/2030 REGS | 4.62% | 10/15/30 | 165 | 228 | 63 | ▲ 38% |
| 5 | RAIZBZ 6.95 3/5/2054 144A | 6.95% | 03/05/54 | 178 | 240 | 62 | ▲ 35% |
| 6 | CSILTD FLT 7/16/2028 | 4.26% | 07/16/28 | 29 | 90 | 61 | ▲ 210% |
| 7 | MEX 5.75 10/12/2110 | 5.75% | 10/12/10 | 140 | 199 | 59 | ▲ 42% |
| 8 | BERY 5.8 6/15/2031 144A | 5.80% | 06/15/31 | 2 | 60 | 58 | ▲ 2900% |
| 9 | SOCGEN 5.4 5/15/2037 | 5.40% | 05/15/37 | 112 | 170 | 58 | ▲ 52% |
| 10 | TFC FLT 7/24/2028 | 4.43% | 07/24/28 | 72 | 128 | 56 | ▲ 78% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 1/9/26 – 1/16/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | HSBC 8 PERP | 7.54% | NULL | 41 |
| 2 | HSBC 6 PERP | 6.00% | NULL | 40 |
| 3 | HNDA 4.45 1/8/2031 | 4.45% | 01/08/2031 | 39 |
| 4 | ACAFP 5.261 1/12/2037 REGS | 5.09% | 01/12/2037 | 38 |
| 5 | SUMIBK 4.494 1/15/2032 | 4.68% | 01/15/2032 | 38 |
| 6 | ACAFP 5.261 1/12/2037 144A | 5.09% | 01/12/2037 | 38 |
| 7 | HNDA 5.1 1/8/2036 | 5.10% | 01/08/2036 | 38 |
| 8 | HSBC 6.5 PERP | 6.50% | NULL | 38 |
| 9 | HSBC 6.875 PERP | 6.98% | NULL | 38 |
| 10 | GM 5.45 1/8/2036 | 5.45% | 01/08/2036 | 37 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 1/9/26 – 1/16/26. 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 1/9/26 – 1/16/26
Related Resources
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