Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 2/28/25

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

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 2/21/25 – 2/28/25

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 NWDEVL 6.25 PERP 6.25% NULL 15.76% 30.59 26.43 18
2 SFRFP 4 2/15/2028 REGS 4.00% 02/15/28 13.15% 30.02 26.53 18
3 NEWLSQ 15.5 11/1/2023 144A 15.50% 11/01/23 10.76% 36.83 33.26 11
4 PROGST 3.25 12/15/2024 REGS 3.25% 12/15/24 7.26% 30.23 28.19 9
5 HLF 4.875 6/1/2029 144A 4.88% 06/01/29 6.62% 78.50 73.63 25
6 LIFUNG 5.25 PERP 5.25% NULL 5.21% 54.47 51.77 10
7 BHCCN 5.25 2/15/2031 5.25% 02/15/31 5.01% 61.50 58.57 20
8 DISH 5.125 6/1/2029 5.13% 06/01/29 4.14% 67.25 64.58 21
9 COMM 7.125 7/1/2028 144A 7.13% 07/01/28 4.10% 94.18 90.47 24
10 ROADKG 5.125 1/26/2030 5.13% 01/26/30 3.92% 39.64 38.14 18

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 2/21/25 – 2/28/25

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 XRXCRP 4.8 3/1/2035 4.80% 03/01/35 -5.79% 57.87 61.43 18
2 NFE 8.75 3/15/2029 144A 8.75% 03/15/29 -5.47% 83.37 88.20 24
3 CNECN 5.75 11/24/2028 144A 5.75% 11/24/28 -5.12% 50.74 53.48 22
4 ATOFP 5 12/18/2030 5.00% 12/18/30 -4.68% 75.54 79.25 20
5 ALTG 9 6/1/2029 144A 9.00% 06/01/29 -4.12% 93.31 97.31 23
6 RIG 7.5 4/15/2031 7.50% 04/15/31 -4.03% 87.96 91.65 20
7 SFRFP 3.375 1/15/2028 REGS 3.38% 01/15/28 -3.89% 78.34 81.51 19
8 LMRTSP 8.096 PERP 8.10% NULL -3.77% 44.61 46.36 9
9 VCPLN 3.75 3/15/2028 3.75% 03/15/28 -3.54% 62.47 64.76 18
10 AZUBBZ 11.5 8/28/2029 144A 11.50% 08/28/29 -3.51% 59.39 61.56 11

Avg Industry Price

Displays the HY Corp average industry price by sector between 2/21/25 – 2/28/25

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 2/21/25 – 2/28/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 2/21/25 vs. the week ending 2/28/25

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SPLS 10.75 9/1/2029 144A 10.75% 09/01/29 126 258 132 105%
2 LTH 6 11/15/2031 144A 6.00% 11/15/31 15 147 132 880%
3 ABNANV 5.75 PERP 7.70% 12/29/49 44 148 104 236%
4 CALCOL 7.625 1/30/2032 144A 7.63% 01/30/32 105 201 96 91%
5 MOVIBZ 5.25 2/8/2031 5.25% 02/08/31 1 92 91 9100%
6 TPGE 6.875 12/1/2032 6.88% 12/01/32 51 130 79 155%
7 METINV 7.75 10/17/2029 144A 7.75% 10/17/29 10 80 70 700%
8 NWL 7 4/1/2046 7.00% 04/01/46 163 228 65 40%
9 CVNA 13 6/1/2030 REGS 11.00% 06/01/30 30 90 60 200%
10 ITAU 6 1/7/2030 6.00% 01/07/30 15 75 60 400%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 2/21/25 – 2/28/25

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 UBS 7 PERP 7.00% NULL 36
2 F 6.5 2/7/2035 6.50% 02/07/35 35
3 SANTAN 9.625 PERP 9.63% 11/21/99 35
4 BACR 6.125 PERP 6.13% NULL 34
5 SANTAN 8 PERP 8.28% NULL 34
6 HESM 5.625 2/15/2026 144A 5.63% 02/15/26 34
7 F 6.125 3/8/2034 6.13% 03/08/34 34
8 BACR 4.375 PERP 4.38% NULL 33
9 LLOYDS 7.5 PERP 7.50% NULL 33
10 ADNT 4.875 8/15/2026 144A 4.88% 08/15/26 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 2/21/25 – 2/28/25

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