Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 4/17/25

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 Q2 2025

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 4/11/25 – 4/17/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 ECUA 6.9 7/31/2030 144A 6.90% 07/31/30 40.87% 74.83 53.12 20
2 HTZ 4.625 12/1/2026 144A 4.63% 12/01/26 24.95% 83.25 66.63 29
3 QVCN 5.95 3/15/2043 5.95% 03/15/43 22.14% 45.40 37.17 17
4 NWDEVL 6.25 PERP 6.25% NULL 20.85% 30.17 24.96 17
5 LINTA 8.25 2/1/2030 8.25% 02/01/30 16.32% 37.31 32.07 19
6 UKRAIN 0 2/1/2035 REGS 0.00% 02/01/35 12.07% 51.26 45.73 22
7 ARGBON 5 1/9/2038 5.00% 01/09/38 11.20% 67.46 60.66 6
8 RAKUTN 6.25 PERP 144A 6.25% NULL 9.27% 84.92 77.71 14
9 PBFENE 9.875 3/15/2033 9.88% 03/15/30 9.14% 89.85 82.33 22
10 ZAMBIN 0.5 12/31/2053 REGS 0.50% 12/31/53 8.93% 54.20 49.75 13

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 4/11/25 – 4/17/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 AZUBBZ 11.5 8/28/2029 144A 11.50% 05/28/29 -29.05% 27.32 38.50 12
2 FECCN 7.875 6/21/2028 144A 7.88% 06/21/28 -12.40% 61.38 70.07 23
3 NOVA 5.875 9/1/2026 144A 5.88% 09/01/26 -12.26% 34.88 39.75 19
4 FLOAT 9.75 4/10/2029 9.75% 04/10/29 -7.03% 79.37 85.38 8
5 CSCHLD 4.5 11/15/2031 144A 4.50% 11/15/31 -6.20% 67.21 71.65 24
6 EBS 3.875 8/15/2028 144A 3.88% 08/15/28 -6.07% 59.25 63.08 18
7 EXETFI 12.25 11/1/2029 144A 12.25% 11/01/29 -4.78% 96.07 100.90 9
8 DIRCHA 7.75 11/15/2029 144A 7.75% 11/15/29 -4.74% 95.75 100.51 21
9 LIQTEL 5.5 9/4/2026 REGS 5.50% 09/04/26 -4.16% 78.94 82.37 16
10 GLOBAU 8.375 1/15/2029 8.38% 01/15/29 -3.93% 79.56 82.82 25

Avg Industry Price

Displays the HY Corp average industry price by sector between 4/11/25 – 4/17/25

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 4/11/25 – 4/17/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 4/11/25 vs. the week ending 4/17/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 VSTJET 7.875 5/1/2027 144A 7.88% 05/01/27 131 223 92 70%
2 VRTV 10.5 11/30/2030 144A 10.50% 11/30/30 67 158 91 136%
3 VSTJET 6.375 2/1/2030 144A 6.38% 02/01/30 142 233 91 64%
4 QUIKHO 6.75 3/1/2033 144A 6.75% 03/01/33 110 177 67 61%
5 MBG 5 4/1/2030 5.00% 04/01/30 128 190 62 48%
6 CQP 5.75 8/15/2034 5.75% 08/15/34 104 160 56 54%
7 NINE 13 2/1/2028 13.00% 02/01/28 39 94 55 141%
8 FOR 5 3/1/2028 REGS 5.00% 03/01/28 36 90 54 150%
9 OPTICS 7.721 6/4/2038 7.72% 06/04/38 41 85 44 107%
10 TURKEY 6.5 1/3/2035 6.50% 01/03/35 176 220 44 25%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 4/11/25 – 4/17/25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE COUPON MATURITY DEALERS
1 TMUS 5.15 4/15/2034 5.15% 04/15/34 36
2 SANTAN 8 PERP 7.89% NULL 35
3 TMUS 5.05 7/15/2033 5.05% 07/15/33 35
4 SANTAN 9.625 PERP 9.63% 11/21/99 35
5 BACR 6.125 PERP 6.13% NULL 35
6 TMUS 5.3 5/15/2035 5.30% 05/15/35 34
7 F 6.5 2/7/2035 6.50% 02/07/35 34
8 NWG 8 PERP 8.00% NULL 34
9 INTNED 5.75 PERP 5.75% NULL 34
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 4/11/25 – 4/17/25

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