Investment Grade Corporate Bond Market Summary – Week Ending 1/30/26
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 1/30/26, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| PACCAR Financial Corp. (USD) 3.9% 2/5/2029 | Medium Term Notes | 400 | 99.958 | 3.92 | 30 |
| Morgan Stanley (USD) 5.073% 1/30/2037 | Fix-To-Floating Rate Notes | 4000 | 100 | 5.07 | – |
| JPMorgan Chase & Co. (USD) 5.193% 2/5/2037 | Fix-To-Floating Rate Notes | 3000 | 100 | 5.19 | 97 |
| IBM Cr Corp. (USD) 5.8% 2/3/2056 | Notes | 750 | 99.972 | 5.80 | 95 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 1/23/26 – 1/30/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | MOVCHI 3.537 11/18/2031 REGS | 3.54% | 11/18/31 | ▲ 6.30% | 71.83 | 67.58 | 5 |
| 2 | ANNFND 2.924 10/6/2051 | 2.92% | 10/06/51 | ▲ 5.07% | 81.14 | 77.22 | 16 |
| 3 | AEGON FLT PERP | 2.98% | – | ▲ 4.63% | 77.94 | 74.50 | 10 |
| 4 | ROMANI 3.375 1/28/2050 REGS | 3.38% | 01/28/50 | ▲ 3.91% | 67.37 | 64.83 | 17 |
| 5 | GS 0 1/29/2029 | 0.00% | 01/29/29 | ▲ 3.40% | 113.94 | 110.19 | 3 |
| 6 | EBRD 0 2/2/2032 | 0.00% | 02/02/32 | ▲ 2.92% | 51.60 | 50.14 | 3 |
| 7 | LNGFOR 3.85 1/13/2032 | 3.85% | 01/13/32 | ▲ 2.91% | 76.70 | 74.53 | 17 |
| 8 | USB 0 PERP | 5.08% | – | ▲ 2.49% | 83.38 | 81.36 | 9 |
| 9 | IFC 0 5/20/2030 | 0.00% | 05/20/30 | ▲ 2.29% | 62.48 | 61.08 | 2 |
| 10 | HYSAN 4.85 PERP | 4.85% | – | ▲ 2.21% | 77.57 | 75.89 | 16 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 1/23/26 – 1/30/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | UBIFP 0.878 11/24/2027 | 0.88% | 11/24/27 | ▼ -5.08% | 80.55 | 84.86 | 23 |
| 2 | OSIS 2.25 8/1/2029 | 2.25% | 08/01/29 | ▼ -4.34% | 155.38 | 162.43 | 7 |
| 3 | CERVIM 6 2/15/2029 REGS | 6.00% | 02/15/29 | ▼ -4.04% | 88.25 | 91.97 | 14 |
| 4 | HUM 5.75 4/15/2054 | 5.75% | 04/15/54 | ▼ -3.40% | 92.00 | 95.24 | 7 |
| 5 | DNDCN 8.625 4/15/2029 144A | 8.63% | 04/15/29 | ▼ -3.22% | 91.84 | 94.90 | 22 |
| 6 | TCPC 6.95 5/30/2029 | 6.95% | 05/30/29 | ▼ -2.52% | 99.03 | 101.58 | 18 |
| 7 | WHR 4.5 6/1/2046 | 4.50% | 06/01/46 | ▼ -2.42% | 72.85 | 74.65 | 22 |
| 8 | AFREXI 3.798 5/17/2031 REGS | 3.80% | 05/17/31 | ▼ -2.40% | 86.72 | 88.86 | 18 |
| 9 | ATLC 9.75 9/1/2030 144A | 9.75% | 09/01/30 | ▼ -2.35% | 95.24 | 97.53 | 6 |
| 10 | CMCSA 3.45 2/1/2050 | 3.45% | 02/01/50 | ▼ -2.21% | 66.83 | 68.35 | 26 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 1/23/26 – 1/30/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Finance | ▼ -70 bps | 5.54% | 6.24% |
| 2 | Hotel, Gaming & Leisure | ▼ -55 bps | 4.57% | 5.12% |
| 3 | Services: Consumer | ▼ -54 bps | 4.82% | 5.37% |
| 4 | Wholesale | ▼ -26 bps | 4.65% | 4.91% |
| 5 | Energy: Oil & Gas | ▼ -21 bps | 4.84% | 5.05% |
| 6 | Capital Equipment | ▼ -13 bps | 3.93% | 4.05% |
| 7 | Metals & Mining | ▼ -12 bps | 4.62% | 4.74% |
| 8 | Energy: Electricity | ▼ -11 bps | 5.21% | 5.32% |
| 9 | Transportation: Consumer | ▼ -11 bps | 4.25% | 4.36% |
| 10 | Healthcare & Pharmaceuticals | ▼ -7 bps | 4.13% | 4.20% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 1/23/26 – 1/30/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Aerospace & Defense | ▲ 256 bps | 8.01% | 5.46% |
| 2 | Services: Business | ▲ 167 bps | 6.94% | 5.27% |
| 3 | Real Estate | ▲ 57 bps | 5.14% | 4.56% |
| 4 | Insurance | ▲ 3 bps | 4.60% | 4.57% |
| 5 | Consumer Goods: Durable | ▲ 2 bps | 3.98% | 3.96% |
| 6 | Construction & Building | ▲ 1 bps | 4.21% | 4.20% |
| 7 | Sovereign & Public Finance | ▲ 1 bps | 3.91% | 3.90% |
| 8 | Consumer Goods: Non-Durable | ▼ -1 bps | 4.01% | 4.02% |
| 9 | Utilities: Water | ▼ -1 bps | 4.88% | 4.89% |
| 10 | Media: Advertising, Printing & Publishing | ▼ -1 bps | 6.56% | 6.57% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 1/23/26 – 1/30/26. 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 1/23/26 – 1/30/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 1/23/26 vs. the week ending 1/30/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | ENIIM 4.75 9/12/2028 | 4.75% | 09/12/28 | 52 | 133 | 81 | ▲ 156% |
| 2 | NYLIFE 4.05 9/17/2029 144A | 4.05% | 09/17/29 | 20 | 96 | 76 | ▲ 380% |
| 3 | COXENT 5.45 9/15/2028 REGS | 5.45% | 09/15/28 | 40 | 110 | 70 | ▲ 175% |
| 4 | DTMINC 5.8 12/15/2034 REGS | 5.80% | 12/15/34 | 93 | 159 | 66 | ▲ 71% |
| 5 | AMCR 5.5 3/17/2035 | 5.50% | 03/17/35 | 100 | 161 | 61 | ▲ 61% |
| 6 | COXENT 8.375 3/1/2039 REGS | 8.38% | 03/01/39 | 80 | 135 | 55 | ▲ 69% |
| 7 | EMTESA 5.125 5/2/2049 REGS | 5.13% | 05/02/49 | 36 | 90 | 54 | ▲ 150% |
| 8 | GRYOAK 3.45 10/15/2027 REGS | 3.45% | 10/15/27 | 34 | 86 | 52 | ▲ 153% |
| 9 | ENAPAN 4 5/19/2048 REGS | 4.00% | 05/19/48 | 32 | 80 | 48 | ▲ 150% |
| 10 | ONEAM 4.25 10/15/2050 REGS | 4.25% | 10/15/50 | 61 | 105 | 44 | ▲ 72% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 1/23/26 – 1/30/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | GS 5.065 1/21/2037 | 4.84% | 01/21/2037 | 42 |
| 2 | TOYOTA 4.2 1/10/2031 | 4.20% | 01/10/2031 | 41 |
| 3 | SUMIBK 4.494 1/15/2032 | 4.67% | 01/15/2032 | 41 |
| 4 | ACAFP 5.261 1/12/2037 144A | 5.08% | 01/12/2037 | 41 |
| 5 | HSBC 8 PERP | 7.54% | NULL | 41 |
| 6 | ACAFP 5.261 1/12/2037 REGS | 5.08% | 01/12/2037 | 41 |
| 7 | MUFG 4.505 1/14/2032 | 4.27% | 01/14/2032 | 40 |
| 8 | WFC 4.96 1/23/2037 | 4.75% | 01/23/2037 | 40 |
| 9 | HNDA 4.45 1/8/2031 | 4.45% | 01/08/2031 | 40 |
| 10 | HNDA 5.1 1/8/2036 | 5.10% | 01/08/2036 | 39 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 1/23/26 – 1/30/26. 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 1/23/26 – 1/30/26
Related Resources
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