Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 1/31/25

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
Directv Financing, Llc And Directv Financing Co-Obligor, Inc. $1.75 billion senior secured notes due Feb. 15, 2031 (B1/BB-/BBB-) BARC Q1 2025
Long Ridge Energy Llc $500 million seven-year first-lien senior secured notes (B1/B) MS Q1 2025
Connect Holding Ii Llc (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 1/24/25 – 1/31/25

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 EAGRUY 7.5 5/1/2025 144A 7.50% 05/01/25 44.92% 90.79 62.65 5
2 NWDEVL 5.25 PERP 5.25% NULL 15.23% 25.41 22.06 20
3 STPRAU 6.25 4/30/2026 REGS 6.25% 04/30/26 12.99% 51.42 45.51 16
4 ATOFP 5 12/18/2030 5.00% 12/18/30 11.34% 63.49 57.03 18
5 CNECN 5.75 11/24/2028 144A 5.75% 11/24/28 7.34% 58.18 54.20 18
6 AFFGAM 6.875 12/15/2027 144A 6.88% 12/15/27 7.10% 84.23 78.65 24
7 ECUA 5.5 7/31/2035 REGS 5.50% 07/31/35 6.55% 65.95 61.90 8
8 CERBA 5 5/31/2029 REGS 5.00% 05/31/29 5.91% 66.44 62.73 20
9 GFKLDE 6.75 11/1/2025 REGS 6.75% 11/01/25 5.57% 69.06 65.42 19
10 TLWLN 7 3/1/2025 REGS 7.00% 03/01/25 4.83% 98.89 94.33 28

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 1/24/25 – 1/31/25

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 ALNMED 10.5 2/15/2028 10.50% 02/15/28 -16.82% 36.15 43.46 14
2 SATS 6.625 8/1/2026 6.63% 08/01/26 -8.43% 69.14 75.50 24
3 AZUBBZ 11.93 8/28/2028 REGS 11.93% 08/28/28 -6.43% 93.69 100.13 12
4 QVCN 5.95 3/15/2043 5.95% 03/15/43 -6.10% 55.55 59.16 19
5 CYH 6.125 4/1/2030 144A 6.13% 04/01/30 -6.10% 65.31 69.55 23
6 CSCHLD 5.75 1/15/2030 144A 5.75% 01/15/30 -5.99% 58.27 61.98 26
7 CDK 8 6/15/2029 144A 8.00% 06/15/29 -5.36% 96.31 101.76 24
8 GRAANU 4.625 10/15/2026 REGS 4.63% 10/15/26 -5.20% 87.94 92.76 17
9 LVLT 3.625 1/15/2029 144A 3.63% 01/15/29 -4.13% 77.22 80.55 22
10 HLF 4.875 6/1/2029 144A 4.88% 06/01/29 -4.03% 68.02 70.87 27

Avg Industry Price

Displays the HY Corp average industry price by sector between 1/24/25 – 1/31/25

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 1/24/25 – 1/31/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/24/25 vs. the week ending 1/31/25

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ARDGRP 8.875 2/15/2032 REGS 8.88% 02/15/32 20 180 160 800%
2 JWN 4.25 8/1/2031 4.25% 08/01/31 67 207 140 209%
3 CSTM 5.625 6/15/2028 144A 5.63% 06/15/28 64 204 140 219%
4 WYNFIN 6.25 3/15/2033 144A 6.25% 03/15/33 10 128 118 1180%
5 BUBBID FLT 9/30/2031 REGS #VALUE! 09/30/31 65 139 74 114%
6 CC 5.75 11/15/2028 REGS 5.75% 11/15/28 260 325 65 25%
7 BUBBID 6.5 9/30/2031 REGS 6.50% 09/30/31 110 171 61 55%
8 OBDCII 8.45 11/15/2026 8.45% 11/15/26 35 95 60 171%
9 SOFTBK 3.375 7/6/2029 3.38% 07/06/29 207 257 50 24%
10 ACCINV 5.5 10/31/2031 REGS 5.50% 11/15/31 114 161 47 41%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 1/24/25 – 1/31/25

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 F 5.875 11/7/2029 5.88% 11/07/29 41
2 F 6.5 2/7/2035 6.50% 02/07/35 40
3 TMUS 5.05 7/15/2033 5.05% 07/15/33 38
4 DVN 5.2 9/15/2034 5.20% 09/15/34 36
5 GFLCN 3.75 8/1/2025 144A 3.75% 08/01/25 35
6 SANTAN 9.625 PERP 9.63% 11/21/99 35
7 F 5.303 9/6/2029 5.30% 09/06/29 35
8 OXY 6.05 10/1/2054 6.05% 10/01/54 34
9 LLOYDS 7.5 PERP 7.50% NULL 34
10 SANTAN 8 PERP 8.28% NULL 34

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 1/24/25 – 1/31/25

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