Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 2/14/25

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

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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 2/7/25 – 2/14/25

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 KPERST 6.5 9/1/2026 REGS 6.50% 09/01/26 22.14% 78.99 64.67 21
2 SBBBSS 2.625 PERP 2.63% NULL 9.90% 66.82 60.80 15
3 NWDEVL 4.65 3/16/2026 4.65% 03/16/26 9.79% 65.31 59.48 6
4 ATOFP 5 12/18/2030 5.00% 12/18/30 8.05% 71.10 65.80 20
5 METINV 7.65 10/1/2027 REGS 7.65% 10/01/27 7.16% 83.90 78.30 17
6 MANTEN 7.25 2/1/2026 REGS 7.25% 02/01/26 7.09% 99.33 92.75 20
7 ROADKG 5.125 1/26/2030 5.13% 01/26/30 6.65% 38.17 35.79 19
8 PZZA 3.875 9/15/2029 144A 3.88% 09/15/29 6.58% 96.96 90.97 21
9 AMSSW 10.5 3/30/2029 REGS 10.50% 03/30/29 6.15% 102.91 96.94 24
10 SFRFP 4 2/15/2028 REGS 4.00% 02/15/28 6.04% 25.87 24.40 16

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 2/7/25 – 2/14/25

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 ECUA 5.5 7/31/2035 144A 5.50% 07/31/35 -18.72% 54.54 67.09 19
2 EMBARQ 7.995 6/1/2036 8.00% 06/01/36 -9.30% 48.95 53.96 14
3 ARGID 5.25 8/15/2027 REGS 5.25% 08/15/27 -6.43% 50.27 53.72 17
4 CYH 6.125 4/1/2030 144A 6.13% 04/01/30 -5.46% 63.44 67.11 23
5 HLF 4.875 6/1/2029 144A 4.88% 06/01/29 -5.23% 65.04 68.63 26
6 NOVA 5.875 9/1/2026 144A 5.88% 09/01/26 -5.01% 75.81 79.82 19
7 NWL 7 4/1/2046 7.00% 04/01/46 -4.98% 91.35 96.14 10
8 HTZ 5 12/1/2029 144A 5.00% 12/01/29 -4.71% 68.10 71.47 27
9 NFE 8.75 3/15/2029 144A 8.75% 03/15/29 -4.71% 87.39 91.70 27
10 FRAX 7.1 9/30/2029 144A 7.10% 09/30/29 -4.66% 62.75 65.82 11

Avg Industry Price

Displays the HY Corp average industry price by sector between 2/7/25 – 2/14/25

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 2/7/25 – 2/14/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 2/7/25 vs. the week ending 2/14/25

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ADNT 7.5 2/15/2033 REGS 7.50% 02/15/33 115 255 140 122%
2 JANEST 6.125 11/1/2032 144A 6.13% 11/01/32 12 136 124 1033%
3 ADNT 7.5 2/15/2033 144A 7.50% 02/15/33 155 255 100 65%
4 MLTPLN 5.75 12/31/2030 144A 5.75% 12/31/30 47 128 81 172%
5 DOMREP 4.875 9/23/2032 144A 4.88% 09/23/32 10 84 74 740%
6 FABSJV 6.15 1/25/2032 6.15% 01/25/32 207 281 74 36%
7 DTV 5.875 8/15/2027 144A 5.88% 08/15/27 231 300 69 30%
8 ADLFIN 8.25 12/31/2028 8.25% 12/31/28 78 138 60 77%
9 AZUBBZ 11.5 8/28/2029 144A 11.50% 08/28/29 33 90 57 173%
10 PFGC 5.5 10/15/2027 144A 5.50% 10/15/27 212 268 56 26%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 2/7/25 – 2/14/25

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 APA 6.75 2/15/2055 144A 6.75% 02/15/55 37
2 F 6.5 2/7/2035 6.50% 02/07/35 37
3 UBS 7 PERP 7.00% NULL 36
4 F 5.875 11/7/2029 5.88% 11/07/29 36
5 SANTAN 9.625 PERP 9.63% 11/21/99 35
6 F 6.1 8/19/2032 6.10% 08/19/32 35
7 F 5.303 9/6/2029 5.30% 09/06/29 35
8 TMUS 5.15 4/15/2034 5.15% 04/15/34 35
9 INTNED 7.25 PERP 7.25% NULL 34
10 DVN 5.75 9/15/2054 5.75% 09/15/54 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 2/7/25 – 2/14/25

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