Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 1/10/25
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 1/3/25 – 1/10/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | SBBBSS 2.875 PERP | 2.88% | NULL | 20.08% | 49.26 | 41.02 | 18 |
| 2 | TOTALP 6.375 9/20/2028 REGS | 6.38% | 09/20/28 | 14.07% | 88.00 | 77.15 | 14 |
| 3 | NEWLSQ 15.5 11/1/2023 144A | 15.50% | 11/01/23 | 13.20% | 39.72 | 35.09 | 11 |
| 4 | ATOFP 9 12/18/2029 | 0.00% | 12/18/29 | 8.57% | 97.16 | 89.49 | 9 |
| 5 | EMBARQ 7.995 6/1/2036 | 8.00% | 06/01/36 | 7.98% | 59.01 | 54.65 | 14 |
| 6 | NINE 13 2/1/2028 | 13.00% | 02/01/28 | 6.75% | 68.81 | 64.45 | 8 |
| 7 | ECUA 0 7/31/2030 REGS | 0.00% | 07/31/30 | 6.69% | 59.19 | 55.48 | 22 |
| 8 | SRILAN 3.6 2/15/2038 REGS | 3.60% | 02/15/38 | 6.66% | 80.27 | 75.26 | 18 |
| 9 | IHRT 7.75 8/15/2030 144A | 7.75% | 08/15/30 | 5.41% | 82.32 | 78.09 | 15 |
| 10 | INTHOL 8.375 5/13/2026 REGS | 8.38% | 05/13/26 | 4.89% | 89.41 | 85.24 | 15 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 1/3/25 – 1/10/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | SELNSW 10 7/1/2026 144A | 10.00% | 07/01/26 | -29.89% | 32.54 | 46.41 | 10 |
| 2 | ALTICE 4.75 1/15/2028 REGS | 4.75% | 01/15/28 | -12.94% | 47.86 | 54.97 | 20 |
| 3 | SESGFP 6 9/12/2054 | 5.87% | 09/12/54 | -12.55% | 79.06 | 90.40 | 19 |
| 4 | ARGBON 0.75 7/9/2030 | 0.75% | 07/09/30 | -10.93% | 66.88 | 75.09 | 11 |
| 5 | EAF 9.875 12/23/2029 144A | 9.88% | 12/23/29 | -10.64% | 84.45 | 94.50 | 10 |
| 6 | NWDEVL 6.25 PERP | 6.25% | NULL | -10.45% | 34.56 | 38.60 | 18 |
| 7 | NLSN 9.29 4/15/2029 144A | 9.29% | 04/15/29 | -6.80% | 86.65 | 92.97 | 27 |
| 8 | MLTPLN 5.5 9/1/2028 144A | 5.50% | 09/01/28 | -6.38% | 79.00 | 84.38 | 23 |
| 9 | MANTEN 7.25 2/1/2026 REGS | 7.25% | 02/01/26 | -5.20% | 89.27 | 94.17 | 18 |
| 10 | UKRAIN 0 2/1/2034 REGS | 0.00% | 02/01/34 | -4.20% | 40.22 | 41.98 | 21 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/3/25 – 1/10/25
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 1/3/25 – 1/10/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/3/25 vs. the week ending 1/10/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | VRTV 10.5 11/30/2030 144A | 10.50% | 11/30/30 | 30 | 174 | 144 | 480% |
| 2 | AVIAGP 9 12/1/2028 REGS | 9.00% | 12/01/28 | 64 | 190 | 126 | 197% |
| 3 | DIINFL 12 5/25/2027 | 10.50% | 05/25/27 | 69 | 161 | 92 | 133% |
| 4 | VAL 8.375 4/30/2030 144A | 8.38% | 04/30/30 | 123 | 207 | 84 | 68% |
| 5 | SELNSW 12 10/1/2026 | 12.00% | 10/01/26 | 33 | 115 | 82 | 248% |
| 6 | SPLS 10.75 9/1/2029 REGS | 10.75% | 09/01/29 | 157 | 227 | 70 | 45% |
| 7 | STNGBZ 3.95 6/16/2028 REGS | 3.95% | 06/16/28 | 30 | 96 | 66 | 220% |
| 8 | SRILAN 3.1 1/15/2030 REGS | 3.10% | 01/15/30 | 119 | 182 | 63 | 53% |
| 9 | SRILAN 3.6 6/15/2035 REGS | 3.60% | 06/15/35 | 113 | 174 | 61 | 54% |
| 10 | IHRT 9.125 5/1/2029 144A | 9.13% | 05/01/29 | 74 | 134 | 60 | 81% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/3/25 – 1/10/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | F 5.875 11/7/2029 | 5.88% | 11/07/29 | 37 |
| 2 | UBS 7 PERP | 7.00% | NULL | 35 |
| 3 | F 6.5 2/7/2035 | 6.50% | 02/07/35 | 34 |
| 4 | INTNED 5.75 PERP | 5.75% | NULL | 34 |
| 5 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 34 |
| 6 | BACR 6.125 PERP | 6.13% | NULL | 34 |
| 7 | NWG 8 PERP | 8.00% | NULL | 33 |
| 8 | MXCN 5.25 12/15/2029 | 5.25% | 12/15/29 | 33 |
| 9 | BACR 9.625 PERP | 9.63% | 12/15/99 | 33 |
| 10 | LLOYDS 7.5 PERP | 7.50% | NULL | 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 1/3/25 – 1/10/25
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