Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 5/16/25
Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 5/9/25 – 5/16/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | MIK 7.875 5/1/2029 144A | 7.88% | 05/01/29 | 43.12% | 48.66 | 34.00 | 26 |
2 | FL 4 10/1/2029 144A | 4.00% | 10/01/29 | 17.92% | 95.05 | 80.60 | 23 |
3 | IHRT 10.875 5/1/2030 144A | 10.88% | 05/01/30 | 13.46% | 47.79 | 42.12 | 19 |
4 | SPLS 12.75 1/15/2030 144A | 12.75% | 01/15/30 | 11.72% | 65.08 | 58.25 | 23 |
5 | LSEA 8.875 4/1/2029 144A | 8.88% | 04/01/29 | 11.47% | 104.51 | 93.76 | 18 |
6 | CNR 6.125 1/15/2029 144A | 6.13% | 01/15/29 | 10.66% | 70.45 | 63.66 | 26 |
7 | GTE 9.5 10/15/2029 REGS | 9.50% | 10/15/29 | 10.15% | 73.31 | 66.55 | 6 |
8 | SBBBSS 2.624 PERP | 2.62% | NULL | 9.98% | 69.29 | 63.00 | 17 |
9 | CNECN 5.75 11/24/2028 REGS | 5.75% | 11/24/28 | 9.75% | 47.77 | 43.52 | 5 |
10 | CFIELD 6.625 8/1/2026 144A | 6.63% | 08/01/26 | 9.46% | 80.00 | 73.08 | 16 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 5/9/25 – 5/16/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | NFE 8.75 3/15/2029 144A | 8.75% | 03/15/29 | -48.50% | 26.50 | 51.45 | 26 |
2 | AZUBBZ 11.93 8/28/2028 | 11.93% | 08/28/28 | -24.66% | 42.04 | 55.80 | 19 |
3 | SAGLEN 11 12/15/2029 144A | 11.00% | 12/15/29 | -19.04% | 46.82 | 57.84 | 35 |
4 | NWDEVL 4.125 PERP | 4.13% | NULL | -15.20% | 31.04 | 36.60 | 14 |
5 | BRIEAS 11 1/31/2030 144A | 11.00% | 01/31/30 | -7.12% | 73.10 | 78.70 | 25 |
6 | AIRBAL 14.5 8/14/2029 REGS | 14.50% | 08/14/29 | -5.55% | 94.96 | 100.54 | 16 |
7 | FTRE 7.5 7/1/2030 144A | 7.50% | 07/01/30 | -4.92% | 82.35 | 86.61 | 4 |
8 | FTRE 7.5 7/1/2030 REGS | 7.50% | 07/01/30 | -4.21% | 82.74 | 86.38 | 17 |
9 | SATS 10.75 11/30/2029 | 10.75% | 11/30/29 | -4.03% | 102.16 | 106.46 | 22 |
10 | GRAANU 4.625 10/15/2026 REGS | 4.63% | 10/15/26 | -3.80% | 81.84 | 85.08 | 17 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 5/9/25 – 5/16/25
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 5/9/25 – 5/16/25

Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 5/9/25 vs. the week ending 5/16/25
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | AA 6.375 9/15/2032 REGS | 6.38% | 09/15/32 | 80 | 204 | 124 | 155% |
2 | NWL 4.2 4/1/2026 | 5.70% | 04/01/26 | 135 | 255 | 120 | 89% |
3 | EQMSRM 9 5/15/2028 144A | 9.00% | 05/15/28 | 76 | 194 | 118 | 155% |
4 | GAP 3.625 10/1/2029 | 3.63% | 10/01/29 | 92 | 183 | 91 | 99% |
5 | TCELLT 7.45 1/24/2030 REGS | 7.45% | 01/24/30 | 50 | 134 | 84 | 168% |
6 | MEDCIJ 7.75 1/7/2030 | 7.75% | 01/07/30 | 9 | 65 | 56 | 622% |
7 | MBGGR 3.5 8/3/2025 REGS | 3.50% | 08/03/25 | 75 | 125 | 50 | 67% |
8 | PLYIM 5.375 11/1/2026 REGS | 5.38% | 11/01/26 | 10 | 57 | 47 | 470% |
9 | PRMWCN 4.375 4/30/2029 144A | 4.38% | 04/30/29 | 14 | 60 | 46 | 329% |
10 | QVCN 5.95 3/15/2043 | 5.95% | 03/15/43 | 176 | 210 | 34 | 19% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 5/9/25 – 5/16/25
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | SAGLEN 11 12/15/2029 144A | 11.00% | 12/15/29 | 35 |
2 | TMUS 5.15 4/15/2034 | 5.15% | 04/15/34 | 34 |
3 | INTNED 5.75 PERP | 5.75% | NULL | 33 |
4 | SANTAN 8 PERP | 7.89% | NULL | 33 |
5 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 33 |
6 | NWG 8 PERP | 8.00% | NULL | 32 |
7 | VEGLPL 7.5 5/1/2033 | 7.50% | 05/01/33 | 32 |
8 | VEGLPL 7.75 5/1/2035 | 7.75% | 05/01/35 | 32 |
9 | BBVASM 6.125 PERP | 6.13% | NULL | 32 |
10 | TMUS 5.05 7/15/2033 | 5.05% | 07/15/33 | 32 |
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 5/9/25 – 5/16/25

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