Investment Grade Corporate Bond Market Summary – Week Ending 10/23/26
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 10/23/26, issue size of $50 million and larger
| Issue | Collateral Type | Amt Issued (MM) | Px at Issuance | Yield at Issuance (%) | Spread at Issue |
| Bank of America Corp. (USD) 6.062% 10/20/2037 | Fix-To-Floating Rate Notes | 27500 | 100.00 | 6.06 | 95 |
| International Bk For Recon&De (USD) 4.974% 10/27/2031 | Bonds | 5000 | 99.57 | – | 34 |
| Bank of America Corp. (USD) 5.748% 10/20/2032 | Fix-To-Floating Rate Notes | 2750 | 100.00 | 5.75 | – |
| Queensland Treasury Corp. (USD) 5.375% 10/28/2036 | Notes | 2000 | 99.29 | – | 36.6 |
| Walmart Inc. (CAD) 4.45% 10/23/2033 | Notes | 2000 | 99.95 | – | – |
Top 10 Performers
Showcases the top 10 IG Corp performers based on the largest bid price increases between 10/16/26 – 10/23/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | PARA 4.95 5/19/2050 | 4.95% | 05/19/50 | ▲ 4.31% | 52.52 | 50.35 | 22 |
| 2 | WAUNIV 4.349 4/15/2122 | 4.349% | 04/15/22 | ▲ 3.63% | 70.25 | 67.79 | 4 |
| 3 | DUK 3.45 4/15/2051 | 3.45% | 04/15/51 | ▲ 3.40% | 66.51 | 64.32 | 18 |
| 4 | ENBCN 3.4 8/1/2051 | 3.4% | 08/01/51 | ▲ 3.33% | 64.47 | 62.39 | 21 |
| 5 | AMT 3.7 10/15/2049 | 3.7% | 10/15/49 | ▲ 3.25% | 68.71 | 66.55 | 20 |
| 6 | KMI 3.25 8/1/2050 | 3.25% | 08/01/50 | ▲ 3.16% | 62.97 | 61.04 | 19 |
| 7 | EPD 3.3 2/15/2053 | 3.3% | 02/15/53 | ▲ 3.13% | 63.57 | 61.64 | 23 |
| 8 | TELVIS 5.25 5/24/2049 | 5.25% | 05/24/49 | ▲ 3.13% | 69.64 | 67.52 | 18 |
| 9 | NSC 3.05 5/15/2050 | 3.05% | 05/15/50 | ▲ 3.12% | 61.65 | 59.79 | 19 |
| 10 | BRKHEC 4.15 2/15/2050 | 4.15% | 02/15/50 | ▲ 2.92% | 72.36 | 70.31 | 18 |
Bottom 10 Performers
Showcases the bottom 10 IG Corp performers based on the largest bid price decreases between 10/16/26 – 10/23/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | BSPEED 10.5 4/3/2031 144A | 10.5% | 04/03/31 | ▼ -13.51% | 63.75 | 73.70 | 12 |
| 2 | WJACN 8 2/14/2031 144A | 8% | 02/14/31 | ▼ -9.66% | 80.98 | 89.64 | 8 |
| 3 | HEIMST 8.375 1/29/2030 | 8.375% | 01/29/30 | ▼ -6.01% | 86.32 | 91.83 | 23 |
| 4 | CCAPGR 3.5 12/31/2028 | 3.5% | 12/31/28 | ▼ -5.88% | 53.01 | 56.32 | 4 |
| 5 | WBD 5.05 3/15/2042 | 5.05% | 03/15/42 | ▼ -5.61% | 50.03 | 53.00 | 7 |
| 6 | WHR 4.7 5/14/2032 | 4.70% | 05/14/32 | ▼ -5.50% | 65.61 | 69.42 | 19 |
| 7 | OPI 10 6/17/2031 144A | 10% | 06/17/31 | ▼ -4.19% | 94.50 | 98.63 | 9 |
| 8 | VW 4.375 PERP REGS | 4.375% | NULL | ▼ -4.01% | 89.52 | 93.26 | 22 |
| 9 | GENTMK 8.3 PERP REGS | 8.3% | NULL | ▼ -3.79% | 85.40 | 88.77 | 15 |
| 10 | GARUDA 6.5 12/28/2031 144A | 6.5% | 12/28/31 | ▼ -3.46% | 77.12 | 79.89 | 10 |
Top 10 Industry Performers
Showcases the top 10 IG industry performers based on the largest yield increases between 10/16/26 – 10/23/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Banking | ▼ -58 bps | 5.43% | 6.01% |
| 2 | Transportation: Cargo | ▼ -25 bps | 5.29% | 5.54% |
| 3 | Wholesale | ▼ -10 bps | 5.60% | 5.70% |
| 4 | Forest Products & Paper | ▼ -10 bps | 4.60% | 4.70% |
| 5 | Utilities: Water | ▼ -8 bps | 5.84% | 5.92% |
| 6 | Utilities: Oil & Gas | ▼ -7 bps | 5.33% | 5.40% |
| 7 | Healthcare & Pharmaceuticals | ▼ -7 bps | 5.23% | 5.29% |
| 8 | Construction & Building | ▼ -5 bps | 5.20% | 5.25% |
| 9 | Automotive | ▼ -5 bps | 5.47% | 5.52% |
| 10 | Containers, Packaging, & Glass | ▼ -2 bps | 4.85% | 4.87% |
Bottom 10 Industry Performers
Showcases the bottom 10 IG industry performers based on the largest yield decreases between 10/16/26 – 10/23/26
| Rank | Industry | Change | YLD | YLD-1W |
| 1 | Consumer Goods: Durable | ▲ 80 bps | 7.26% | 6.46% |
| 2 | Services: Consumer | ▲ 60 bps | 6.07% | 5.46% |
| 3 | Capital Equipment | ▲ 54 bps | 6.57% | 6.03% |
| 4 | Hotel, Gaming & Leisure | ▲ 46 bps | 6.40% | 5.94% |
| 5 | Energy: Electricity | ▲ 38 bps | 8.00% | 7.62% |
| 6 | Telecommunications | ▲ 33 bps | 5.93% | 5.60% |
| 7 | Chemicals, Plastics & Rubber | ▲ 18 bps | 5.74% | 5.56% |
| 8 | Media: Diversified & Production | ▲ 14 bps | 6.61% | 6.48% |
| 9 | Finance | ▲ 11 bps | 6.62% | 6.50% |
| 10 | Transportation: Consumer | ▲ 11 bps | 5.47% | 5.35% |
5 Year Yield By Industry
Displays the average IG Corp 5 year yield by industry between 10/16/26 – 10/23/26. 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 10/16/26 – 10/23/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the IG Corps with the largest increase in quote volume for the week ending 10/16/26 vs. the week ending 10/23/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | MIZUHO 2.26 7/9/2032 | 2.26% | 07/09/32 | 143 | 244 | 101 | ▲ 71% |
| 2 | NAB 3.933 8/2/2034 | 3.933% | 08/02/34 | 153 | 250 | 97 | ▲ 63% |
| 3 | RAIZBZ 6.45 3/5/2034 144A | 6.45% | 03/05/34 | 129 | 219 | 90 | ▲ 70% |
| 4 | MUFG 2.494 10/13/2032 | 2.494% | 10/13/32 | 143 | 232 | 89 | ▲ 62% |
| 5 | RAIZBZ 6.7 2/25/2037 144A | 6.7% | 02/25/37 | 126 | 214 | 88 | ▲ 70% |
| 6 | RAIZBZ 6.95 3/5/2054 144A | 6.95% | 03/05/54 | 126 | 212 | 86 | ▲ 68% |
| 7 | MUFG 2.309 7/20/2032 | 2.309% | 07/20/32 | 152 | 237 | 85 | ▲ 56% |
| 8 | RAIZBZ 5.7 1/17/2035 144A | 5.7% | 01/17/35 | 120 | 202 | 82 | ▲ 68% |
| 9 | UBS 4.194 4/1/2031 REGS | 4.194% | 04/01/31 | 150 | 230 | 80 | ▲ 53% |
| 10 | RAIZBZ 6.25 7/8/2032 144A | 6.25% | 07/08/32 | 114 | 192 | 78 | ▲ 68% |
Most Quoted IG Corps
Ranks the IG Corps that were quoted by the highest number of dealers between 10/16/26 – 10/23/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | GOOGL 5.45 8/15/2036 | 5.45% | 08/15/36 | 37 |
| 2 | HSBC 6 PERP | 6% | NULL | 35 |
| 3 | HSBC 6.5 PERP | 6.5% | NULL | 35 |
| 4 | GOOGL 6.25 8/15/2046 | 6.25% | 08/15/46 | 35 |
| 5 | ACAFP 7.125 PERP REGS | 7.125% | NULL | 34 |
| 6 | HYNMTR 4.55 1/8/2031 144A | 4.55% | 01/08/31 | 34 |
| 7 | HYNMTR 4.55 1/8/2031 REGS | 4.55% | 01/08/31 | 34 |
| 8 | GOOGL 4.875 8/15/2031 | 4.875% | 08/15/31 | 34 |
| 9 | HYNMTR 5.4 6/24/2031 144A | 5.4% | 06/24/31 | 33 |
| 10 | HYNMTR 5.4 6/24/2031 REGS | 5.4% | 06/24/31 | 33 |
Bid-Offer Spread by Industry
Displays the IG Corp average bid-offer spread by industry between 10/16/26 – 10/23/26. 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 10/16/26 – 10/23/26
Related Resources
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