High Yield Corporate Bond Market Summary – Week Ending 1/3/25
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
High Yield Corporate Bond Market Summary: Week Ending 1/3/25
Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
Forward Calendar
The following are lists of upcoming high-yield corporate bond offerings in the United States
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Brightspeed | $1.865 billion senior secured notes | Q1 2025 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 12/27/24 – 1/3/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | TLWLN 7 3/1/2025 REGS | 7.00% | 03/01/25 | 10.42% | 92.98 | 84.21 | 25 |
| 2 | BALY 5.875 9/1/2031 144A | 5.88% | 09/01/31 | 7.53% | 73.42 | 68.28 | 23 |
| 3 | CERBA 5 5/31/2029 REGS | 5.00% | 05/31/29 | 7.37% | 62.10 | 57.84 | 20 |
| 4 | NWDEVL 4.65 3/16/2026 | 4.65% | 03/16/26 | 7.16% | 78.10 | 72.88 | 3 |
| 5 | MLTPLN 5.5 9/1/2028 144A | 5.50% | 09/01/28 | 4.18% | 84.38 | 81.00 | 22 |
| 6 | LMRTSP 6.4751 PERP | 6.48% | NULL | 3.96% | 44.05 | 42.38 | 10 |
| 7 | SSP 5.375 1/15/2031 144A | 5.38% | 01/15/31 | 3.96% | 52.03 | 50.05 | 23 |
| 8 | NBR 7.5 1/15/2028 144A | 7.50% | 01/15/28 | 3.32% | 95.10 | 92.04 | 15 |
| 9 | IHRT 4.75 1/15/2028 144A | 4.75% | 01/15/28 | 3.25% | 81.05 | 78.50 | 15 |
| 10 | MPW 4.625 8/1/2029 | 4.63% | 08/01/29 | 3.23% | 72.84 | 70.56 | 22 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 12/27/24 – 1/3/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | CONSEN 5.625 10/15/2028 REGS | 5.63% | 10/15/28 | -4.42% | 81.38 | 85.15 | 20 |
| 2 | AEFES 3.375 6/29/2028 REGS | 3.38% | 06/29/28 | -3.39% | 85.82 | 88.82 | 20 |
| 3 | BAKIDE 6.99 2/20/2032 REGS | 6.99% | 02/20/32 | -3.09% | 72.90 | 75.23 | 23 |
| 4 | UONE 7.375 2/1/2028 144A | 7.38% | 02/01/28 | -3.06% | 61.36 | 63.30 | 21 |
| 5 | SRILAN 5.875 7/25/2022 REGS | 5.88% | 07/25/22 | -2.99% | 60.50 | 62.37 | 16 |
| 6 | ALTICE 4.75 1/15/2028 REGS | 4.75% | 01/15/28 | -2.50% | 54.97 | 56.38 | 19 |
| 7 | ATOFP 5 12/18/2030 | 5.00% | 12/18/30 | -2.23% | 54.62 | 55.86 | 13 |
| 8 | KPERST 6.5 9/1/2026 REGS | 6.50% | 09/01/26 | -1.59% | 77.98 | 79.24 | 16 |
| 9 | CSIPRO 5.45 7/21/2025 | 5.45% | 07/21/25 | -1.59% | 84.87 | 86.24 | 9 |
| 10 | SAMMIN 9 6/30/2031 REGS | 9.00% | 06/30/31 | -1.47% | 96.20 | 97.63 | 18 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/27/24 – 1/3/25 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Sentiment
Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 12/27/24 – 1/3/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/27/24 vs. the week ending 1/3/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | NOVA 11.75 10/1/2028 REGS | 11.75% | 10/01/28 | 20 | 104 | 84 | 420% |
| 2 | SPLS 10.75 9/1/2029 REGS | 10.75% | 09/01/29 | 76 | 157 | 81 | 107% |
| 3 | LTMCI 7.875 4/15/2030 REGS | 7.88% | 04/15/30 | 119 | 200 | 81 | 68% |
| 4 | CVNA 13 6/1/2030 REGS | 13.00% | 06/01/30 | 37 | 111 | 74 | 200% |
| 5 | IHRT 9.125 5/1/2029 144A | 9.13% | 05/01/29 | 2 | 74 | 72 | 3600% |
| 6 | PIFKSA 5.375 10/13/2022 | 5.38% | 10/13/22 | 106 | 174 | 68 | 64% |
| 7 | ZBRA 6.5 6/1/2032 REGS | 6.50% | 06/01/32 | 34 | 102 | 68 | 200% |
| 8 | IHRT 7.75 8/15/2030 144A | 7.75% | 08/15/30 | 12 | 80 | 68 | 567% |
| 9 | IHRT 10.875 5/1/2030 144A | 10.88% | 05/01/30 | 12 | 80 | 68 | 567% |
| 10 | NCRATL 9.5 4/1/2029 REGS | 9.50% | 04/01/29 | 56 | 121 | 65 | 116% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/27/24 – 1/3/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 34 |
| 2 | SANTAN 8 PERP | 8.28% | NULL | 34 |
| 3 | BACR 6.125 PERP | 6.13% | NULL | 34 |
| 4 | UBS 7 PERP | 7.00% | NULL | 33 |
| 5 | CC 5.375 5/15/2027 | 5.38% | 05/15/27 | 33 |
| 6 | INTNED 5.75 PERP | 5.75% | NULL | 33 |
| 7 | NWG 8 PERP | 8.00% | NULL | 33 |
| 8 | NWG 8.125 PERP | 8.13% | NULL | 33 |
| 9 | LLOYDS 7.5 PERP | 7.50% | NULL | 33 |
| 10 | MXCN 5.25 12/15/2029 | 5.25% | 12/15/29 | 33 |
Bid-Offer Spread by Industry
Results are based on 5 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 12/27/24 – 1/3/25
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
