High Yield Corporate Bond Market Summary – Week Ending 9/19/25
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High Yield Corporate Bond Market Summary: Week Ending 9/19/25
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 |
|---|---|---|---|
| – | – | – | – |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 9/12/25- 9/19/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | NFE 12 11/15/2029 144A | 12.00% | 11/15/29 | 19.67% | 32.17 | 26.88 | 22 |
| 2 | GLOBAU 8.75 1/15/2032 | 8.75% | 01/15/32 | 9.47% | 97.37 | 88.95 | 21 |
| 3 | NWDEVL 4.8 PERP | 4.80% | NULL | 8.34% | 32.58 | 30.07 | 15 |
| 4 | UKRAIN 1.75 2/1/2029 REGS | 4.50% | 02/01/29 | 7.81% | 67.10 | 62.25 | 24 |
| 5 | SAGLEN 11 12/15/2029 144A | 11.00% | 12/15/29 | 7.17% | 41.42 | 38.65 | 5 |
| 6 | GLPSP 4.5 PERP | 4.50% | NULL | 6.04% | 69.60 | 65.64 | 14 |
| 7 | ZIP 5 1/15/2030 144A | 5.00% | 01/15/30 | 5.32% | 83.81 | 79.58 | 13 |
| 8 | SPLS 12.75 1/15/2030 144A | 12.75% | 01/15/30 | 5.21% | 76.35 | 72.57 | 21 |
| 9 | KIKCN 10.75 6/30/2032 144A | 10.75% | 06/30/32 | 5.09% | 54.00 | 51.38 | 19 |
| 10 | EHICAR 7 9/21/2026 | 7.00% | 09/21/26 | 4.89% | 76.21 | 72.66 | 17 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 9/12/25 – 9/19/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | ARGENT 4.25 1/9/2038 | 4.25% | 01/09/38 | -16.03% | 48.69 | 57.98 | 11 |
| 2 | LNZING 5.25 5/15/2029 REGS | 5.25% | 05/15/29 | -12.21% | 51.35 | 58.49 | 16 |
| 3 | CNECN 5.75 11/24/2028 REGS | 5.75% | 11/24/28 | -7.94% | 36.73 | 39.90 | 19 |
| 4 | BUENOS 6.625 9/1/2037 REGS | 6.63% | 09/01/37 | -7.63% | 57.14 | 61.86 | 17 |
| 5 | ECUA 5.5 7/31/2035 REGS | 6.90% | 07/31/35 | -7.01% | 73.17 | 78.69 | 20 |
| 6 | CSCHLD 4.625 12/1/2030 144A | 4.63% | 12/01/30 | -5.68% | 37.56 | 39.82 | 20 |
| 7 | BRASKM 7.125 7/22/2041 144A | 7.13% | 07/22/41 | -5.65% | 59.77 | 63.35 | 22 |
| 8 | TRUK 6.25 2/1/2029 144A | 6.25% | 02/01/29 | -5.45% | 65.13 | 68.88 | 15 |
| 9 | ARGID 4.75 7/15/2027 REGS | 4.75% | 07/15/27 | -5.22% | 30.45 | 32.13 | 16 |
| 10 | TELSAT 5.625 12/6/2026 144A | 5.63% | 12/06/26 | -5.01% | 73.97 | 77.88 | 22 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 9/12/25 – 9/19/25 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 9/12/25 – 9/19/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/12/25 vs. the week ending 9/19/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | TNETBB 3.5 3/1/2028 144A | 3.50% | 03/01/28 | 40 | 220 | 180 | 450% |
| 2 | FE 5.15 1/15/2036 REGS | 5.15% | 01/15/36 | 115 | 273 | 158 | 137% |
| 3 | CSTM 3.125 7/15/2029 144A | 3.13% | 07/15/29 | 36 | 185 | 149 | 414% |
| 4 | FE 4.4 1/15/2031 REGS | 4.40% | 01/15/31 | 96 | 230 | 134 | 140% |
| 5 | IRM 3.875 11/15/2025 144A | 3.88% | 11/15/25 | 25 | 135 | 110 | 440% |
| 6 | PBFENE 7.875 9/15/2030 REGS | 7.88% | 09/15/30 | 147 | 250 | 103 | 70% |
| 7 | FE 4.15 1/15/2029 REGS | 4.15% | 01/15/29 | 92 | 185 | 93 | 101% |
| 8 | SOLEIN 6.75 8/1/2032 REGS | 6.75% | 08/01/32 | 88 | 180 | 92 | 105% |
| 9 | HBGCN 7.25 6/15/2030 | 7.25% | 06/15/30 | 124 | 216 | 92 | 74% |
| 10 | EDF 9.125 PERP REGS | 9.24% | NULL | 110 | 202 | 92 | 84% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 9/12/25 – 9/19/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | TMUS 5.3 5/15/2035 | 5.30% | 05/15/35 | 37 |
| 2 | TMUS 5.05 7/15/2033 | 5.05% | 07/15/33 | 36 |
| 3 | TMUS 5.125 5/15/2032 | 5.13% | 05/15/32 | 35 |
| 4 | INTNED 5.75 PERP | 8.17% | NULL | 35 |
| 5 | SOCGEN 10 PERP REGS | 9.28% | NULL | 35 |
| 6 | SOCGEN 10 PERP 144A | 9.28% | NULL | 35 |
| 7 | SANTAN 9.625 PERP | 9.14% | NULL | 35 |
| 8 | BACR 4.375 PERP | 7.24% | NULL | 34 |
| 9 | STANLN 4.3 PERP REGS | 6.97% | NULL | 34 |
| 10 | BNP 7.375 PERP | 6.87% | NULL | 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 9/12/25 – 9/19/25
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