Investment Grade Corporate Bond Market Summary – Week Ending 2/27/26
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 2/27/26, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Western Union Co. (USD) 4.75% 6/15/2029 | Notes | 450 | 99.939 | 4.76 | 130 |
| Targa Resources LLC (USD) 6.05% 5/15/2056 | Senior Notes | 750 | 99.975 | 6.05 | 135 |
| RLI Corp. (USD) 5.375% 6/1/2036 | Senior Notes | 300 | 99.978 | 5.38 | 135 |
| PennantPark Floating Rate Capital (USD) 6.75% 3/4/2029 | Notes | 200 | 99.334 | 7.00 | 351 |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 2/20/26 – 2/27/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | GS 0 1/29/2029 REGS | 0% | 01/29/29 | ▲ 8.25% | 134.10 | 123.88 | 3 |
| 2 | OSIS 2.25 8/1/2029 | 2.25% | 08/01/29 | ▲ 7.29% | 166.84 | 155.50 | 6 |
| 3 | EA 2.95 2/15/2051 | 2.95% | 02/15/51 | ▲ 6.01% | 85.02 | 80.20 | 20 |
| 4 | PYPL 3.25 6/1/2050 | 3.25% | 06/01/50 | ▲ 5.65% | 71.04 | 67.24 | 27 |
| 5 | WBD 4.875 4/1/2043 | 4.88% | 04/01/43 | ▲ 3.13% | 64.71 | 62.74 | 7 |
| 6 | LASUDE 5 7/28/2026 | 5.00% | 07/28/26 | ▲ 2.89% | 83.08 | 80.75 | 13 |
| 7 | CHMOLY 0 1/24/2027 REGS | 0.00% | 01/24/27 | ▲ 2.70% | 106.82 | 104.01 | 5 |
| 8 | KEL 2.718 12/30/2039 | 3% | 12/30/39 | ▲ 2.63% | 90.36 | 88.04 | 15 |
| 9 | GLCCUK 1.375 3/31/2057 | 1% | 03/31/57 | ▲ 2.23% | 128.79 | 125.97 | 8 |
| 10 | UKPONE 2.562 6/5/2043 | 2.562% | 06/05/43 | ▲ 2.21% | 93.54 | 91.51 | 6 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 2/20/26 – 2/27/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | GBLATL 6.75 3/15/2054 144A | 6.75% | 03/15/54 | ▼ -6.12% | 96.76 | 103.06 | 18 |
| 2 | OWL 4.125 10/7/2051 | 4.125% | 10/07/51 | ▼ -5.02% | 67.01 | 70.55 | 17 |
| 3 | PARA 4.85 7/1/2042 | 4.85% | 07/01/42 | ▼ -4.95% | 69.07 | 72.67 | 15 |
| 4 | ATH 6.25 4/1/2054 | 6.25% | 04/01/54 | ▼ -3.44% | 94.31 | 97.67 | 23 |
| 5 | JXN 4 11/23/2051 | 4.00% | 11/23/51 | ▼ -3.24% | 68.85 | 71.15 | 13 |
| 6 | BHF 4.7 6/22/2047 | 5% | 06/22/47 | ▼ -3.14% | 72.37 | 74.72 | 13 |
| 7 | WHR 5.15 3/1/2043 | 5.2% | 03/01/43 | ▼ -3.01% | 81.25 | 83.77 | 20 |
| 8 | CRM 3.05 7/15/2061 | 3.05% | 07/15/61 | ▼ -2.96% | 58.58 | 60.36 | 23 |
| 9 | KSS 5.55 7/17/2045 | 5.55% | 07/17/45 | ▼ -2.92% | 67.81 | 69.85 | 22 |
| 10 | LNC 6.792 5/15/2055 | 6.79% | 05/15/55 | ▼ -2.91% | 102.92 | 106.00 | 20 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 2/20/26 – 2/27/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Services: Business | ▼ -134 bps | 5.72% | 7.06% |
| 2 | Aerospace & Defense | ▼ -72 bps | 6.28% | 7.00% |
| 3 | Utilities: Water | ▼ -39 bps | 4.32% | 4.71% |
| 4 | Wholesale | ▼ -35 bps | 4.32% | 4.68% |
| 5 | Energy: Electricity | ▼ -17 bps | 4.88% | 5.05% |
| 6 | Transportation: Cargo | ▼ -15 bps | 4.28% | 4.43% |
| 7 | Utilities: Oil & Gas | ▼ -15 bps | 4.10% | 4.25% |
| 8 | Real Estate | ▼ -12 bps | 5.01% | 5.13% |
| 9 | Retail | ▼ -11 bps | 4.22% | 4.33% |
| 10 | Transportation: Consumer | ▼ -11 bps | 4.25% | 4.35% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 2/20/26 – 2/27/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Finance | ▲ 138 bps | 6.82% | 5.45% |
| 2 | Sovereign & Public Finance | ▲ 54 bps | 4.26% | 3.72% |
| 3 | Containers, Packaging, & Glass | ▲ 38 bps | 4.56% | 4.18% |
| 4 | Services: Consumer | ▲ 9 bps | 4.53% | 4.44% |
| 5 | Media: Broadcasting & Subscription | ▲ 5 bps | 4.56% | 4.51% |
| 6 | Consumer Goods: Durable | ▲ 3 bps | 4.04% | 4.01% |
| 7 | Telecommunications | ▲ 3 bps | 4.12% | 4.10% |
| 8 | Chemicals, Plastics & Rubber | ▲ 1 bps | 4.73% | 4.72% |
| 9 | Insurance | 0 bps | 4.46% | 4.46% |
| 10 | Consumer Goods: Non-Durable | 0 bps | 3.90% | 3.90% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 2/20/26 – 2/27/26. 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 2/20/26 – 2/27/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 2/20/26 vs. the week ending 2/27/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | MEX 5.375 3/22/2033 | 5.38% | 03/22/33 | 80 | 192 | 112 | ▲ 140% |
| 2 | MEX 4.75 3/22/2031 | 4.75% | 03/22/31 | 70 | 182 | 112 | ▲ 160% |
| 3 | FUNOTR 7.7 1/23/2032 144A | 7.70% | 01/23/32 | 58 | 154 | 96 | ▲ 166% |
| 4 | ENTERP 5.2 10/30/2034 REGS | 5.20% | 10/30/34 | 50 | 136 | 86 | ▲ 172% |
| 5 | ENTERP 4.2 11/1/2046 REGS | 4.20% | 11/01/46 | 56 | 142 | 86 | ▲ 154% |
| 6 | GOOGL 11/15/2075 | 5.70% | 11/15/75 | 203 | 288 | 85 | ▲ 42% |
| 7 | ENTERP 5.625 3/15/2042 REGS | 5.63% | 03/15/42 | 56 | 140 | 84 | ▲ 150% |
| 8 | ENBCN 11/20/2035 | 5.20% | 11/20/35 | 185 | 268 | 83 | ▲ 45% |
| 9 | ENTERP 5.4 5/1/2053 REGS | 5.40% | 05/01/53 | 52 | 130 | 78 | ▲ 150% |
| 10 | ENTERP 4.9 5/1/2033 REGS | 4.90% | 05/01/33 | 52 | 130 | 78 | ▲ 150% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 2/20/26 – 2/27/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | GOOGL 4.8 2/15/2036 | 4.80% | 02/15/2036 | 45 |
| 2 | GOOGL 4.4 2/15/2033 | 4.40% | 02/15/2033 | 42 |
| 3 | GOOGL 4.1 2/15/2031 | 4.10% | 02/15/2031 | 42 |
| 4 | HSBC 8 PERP | 7.54% | NULL | 41 |
| 5 | HSBC 6 PERP | 6.00% | NULL | 40 |
| 6 | ORCL 4.95 2/4/2031 | 4.95% | 02/04/2031 | 40 |
| 7 | GOOGL 5.65 2/15/2056 | 5.65% | 02/15/2056 | 40 |
| 8 | GOOGL 5.75 2/15/2066 | 5.75% | 02/15/2066 | 40 |
| 9 | GOOGL 5.5 2/15/2046 | 5.50% | 02/15/2046 | 39 |
| 10 | HSBC 4.6 PERP | 7.33% | NULL | 39 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 2/20/26 – 2/27/26. 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 2/20/26 – 2/27/26
Related Resources
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