High Yield Corporate Bond Market Summary – Week Ending 7/25/25
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High Yield Corporate Bond Market Summary: Week Ending 7/25/25
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 |
|---|---|---|---|
| HIGHPEAK ENERGY INC. | $725 million five-year senior notes | RBC | Q3 2025 |
| BRIGHTSPEED | $1.865 billion senior secured notes | – | Q3 2025 |
| AMPLIFY ENERGY CORP. | Expected $150 million five-year senior notes | ASAS | Q3 2025 |
| CHUCK E. CHEESE | $660 million five-year senior secured notes (B3/B-) | JPM | Q3 2025 |
| HANESBRANDS INC. | $500 million unsecured notes | JPM | Q3 2025 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 7/18/25 – 7/25/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | FRAX 5.25 9/30/2028 144A | 5.25% | 09/30/28 | 18.67% | 43.92 | 37.01 | 10 |
| 2 | AMGENE 9.5 10/1/2028 144A | 9.50% | 10/01/28 | 13.60% | 75.55 | 66.50 | 17 |
| 3 | ARGID 4.75 7/15/2027 REGS | 4.75% | 07/15/27 | 10.54% | 47.97 | 43.40 | 16 |
| 4 | XRX 5.5 8/15/2028 144A | 5.50% | 08/15/28 | 9.21% | 71.75 | 65.70 | 26 |
| 5 | CFIELD 6.625 8/1/2026 144A | 6.63% | 08/01/26 | 9.05% | 93.90 | 86.11 | 14 |
| 6 | RAX 3.5 5/15/2028 144A | 3.50% | 05/15/28 | 8.52% | 46.84 | 43.17 | 11 |
| 7 | WRLGLD 12 12/31/2029 | 12.00% | 12/31/29 | 8.32% | 118.07 | 109.00 | 3 |
| 8 | LIFUNG 5.25 PERP | 5.25% | NULL | 6.86% | 50.62 | 47.37 | 12 |
| 9 | CRNAU 9.25 10/1/2029 144A | 9.25% | 10/01/29 | 6.52% | 74.61 | 70.04 | 21 |
| 10 | SENEGL 7.75 6/10/2031 | 7.75% | 06/10/31 | 6.36% | 79.25 | 74.51 | 18 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 7/18/25 – 7/25/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | NFE 6.5 9/30/2026 144A | 6.50% | 09/30/26 | -13.84% | 45.88 | 53.25 | 23 |
| 2 | BRASKM 7.125 7/22/2041 144A | 7.13% | 07/22/41 | -7.01% | 64.36 | 69.21 | 20 |
| 3 | PFLEID 4.75 4/15/2029 REGS | 4.75% | 04/15/29 | -5.04% | 79.00 | 83.20 | 16 |
| 4 | CYH 6.125 4/1/2030 144A | 6.13% | 04/01/30 | -4.46% | 74.18 | 77.64 | 24 |
| 5 | AMBIBZ 10.875 2/5/2033 REGS | 10.88% | 02/05/33 | -4.44% | 88.68 | 92.79 | 15 |
| 6 | CONSEN 5 10/15/2028 REGS | 5.00% | 10/15/28 | -3.77% | 80.62 | 83.78 | 14 |
| 7 | CSCHLD 4.125 12/1/2030 144A | 4.13% | 12/01/30 | -3.48% | 67.63 | 70.07 | 21 |
| 8 | BRIEAS 11 1/31/2030 144A | 11.00% | 01/31/30 | -3.47% | 63.08 | 65.35 | 23 |
| 9 | MERC 12.875 10/1/2028 144A | 12.88% | 10/01/28 | -3.26% | 97.61 | 100.89 | 23 |
| 10 | TRUK 6.25 2/1/2029 144A | 6.25% | 02/01/29 | -3.02% | 67.75 | 69.86 | 15 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 7/18/25 – 7/25/25 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 7/18/25 – 7/25/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/18/25 vs. the week ending 7/25/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | PKSTAN 8.875 4/8/2051 144A | 8.88% | 04/08/51 | 86 | 220 | 134 | 156% |
| 2 | PKSTAN 7.375 4/8/2031 144A | 7.38% | 04/08/31 | 86 | 220 | 134 | 156% |
| 3 | PKSTAN 8.25 9/30/2025 144A | 8.25% | 09/30/25 | 82 | 210 | 128 | 156% |
| 4 | PKSTAN 6.875 12/5/2027 144A | 6.88% | 12/05/27 | 84 | 212 | 128 | 152% |
| 5 | FUN 5.5 4/15/2027 REGS | 5.50% | 04/15/27 | 64 | 190 | 126 | 197% |
| 6 | PKSTAN 7.95 1/31/2029 144A | 7.95% | 01/31/29 | 78 | 200 | 122 | 156% |
| 7 | CVNA 9 6/1/2030 144A | 9.00% | 06/01/30 | 35 | 152 | 117 | 334% |
| 8 | PKSTAN 7.875 3/31/2036 144A | 7.88% | 03/31/36 | 70 | 180 | 110 | 157% |
| 9 | FUN 5.5 4/15/2027 144A | 5.50% | 04/15/27 | 88 | 190 | 102 | 116% |
| 10 | SOILCN 9.625 6/15/2029 144A | 9.63% | 06/15/29 | 138 | 234 | 96 | 70% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 7/18/25 – 7/25/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NTT 5.502 7/16/2035 REGS | 5.50% | 07/16/35 | 36 |
| 2 | NTT 4.876 7/16/2030 REGS | 4.88% | 07/16/30 | 36 |
| 3 | WSTP 5.618 11/20/2035 | 5.62% | 11/20/35 | 35 |
| 4 | NTT 4.567 7/16/2027 REGS | 4.57% | 07/16/27 | 35 |
| 5 | UBS 6.875 PERP | 6.88% | NULL | 35 |
| 6 | UBS 5.125 PERP | 5.13% | NULL | 35 |
| 7 | SOCGEN 10 PERP REGS | 10.00% | 11/14/99 | 35 |
| 8 | SOCGEN 10 PERP 144A | 10.00% | 11/14/99 | 35 |
| 9 | NTT 4.62 7/16/2028 REGS | 4.62% | 07/16/28 | 34 |
| 10 | NTT 5.171 7/16/2032 REGS | 5.17% | 07/16/32 | 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 7/18/25 – 7/25/25
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