High Yield Corporate Bond Market Summary – Week Ending 10/31/25
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 |
| CENTERFIELD MEDIA HOLDINGS, LLC | $785 million five year senior secured notes | BofA | Q4 2025 |
| VERSANT MEDIA GROUP | $1 billion senior secured notes | GS | Q4 2025 |
| ENERGOS INFRASTRUCTURE | $1.5 billion senior secured notes | CITI | Q4 2025 |
| BRIGHTSPEED | $1.865 billion senior secured notes | – | Q4 2025 |
| AMPLIFY ENERGY CORP. | Expected $150 million five-year senior notes | ASAS | Q4 2025 |
| CHUCK E. CHEESE | $660 million five-year senior secured notes (B3/B-) | JPM | Q4 2025 |
| HANESBRANDS INC. | $500 million unsecured notes | JPM | Q4 2025 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 10/24/25 – 10/31/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | ARGENT 4.25 1/9/2038 | 4.25% | 01/09/38 | ▲ 25.53% | 69.09 | 55.04 | 12 |
| 2 | BUENOS 6.625 9/1/2037 REGS | 6.63% | 09/01/37 | ▲ 21.62% | 72.53 | 59.64 | 15 |
| 3 | PDVSA 12.75 2/17/2022 REGS | 12.75% | 02/17/22 | ▲ 17.22% | 26.13 | 22.30 | 19 |
| 4 | LOGM 5.5 5/1/2028 144A | 5.50% | 05/01/28 | ▲ 11.75% | 34.75 | 31.10 | 13 |
| 5 | VENZ 9.25 9/15/2027 | 9.25% | 09/15/27 | ▲ 11.25% | 31.34 | 28.17 | 11 |
| 6 | CYH 6.125 4/1/2030 144A | 6.13% | 04/01/30 | ▲ 9.09% | 81.08 | 74.32 | 26 |
| 7 | PDCAR 9.75 7/2/2032 REGS | 9.75% | 07/02/32 | ▲ 9.01% | 102.51 | 94.04 | 11 |
| 8 | PELHOL 9.5 4/1/2027 REGS | 9.50% | 04/01/27 | ▲ 7.35% | 94.48 | 88.01 | 22 |
| 9 | YPFDAR 7 12/15/2047 REGS | 7.00% | 12/15/47 | ▲ 7.21% | 86.53 | 80.71 | 18 |
| 10 | GTE 9.5 10/15/2029 REGS | 9.50% | 10/15/29 | ▲ 6.64% | 81.15 | 76.10 | 24 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 10/24/25 – 10/31/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | OGN 7.875 5/15/2034 REGS | 7.88% | 05/15/34 | ▼ -11.41% | 77.82 | 87.85 | 29 |
| 2 | PETSAF 9.5 10/15/2029 144A | 9.50% | 10/15/29 | ▼ -8.23% | 69.83 | 76.10 | 20 |
| 3 | MERC 5.125 2/1/2029 | 5.13% | 02/01/29 | ▼ -7.90% | 65.00 | 70.57 | 27 |
| 4 | PFLEID 4.75 4/15/2029 REGS | 4.75% | 04/15/29 | ▼ -6.07% | 65.06 | 69.27 | 19 |
| 5 | MPW 3.5 3/15/2031 | 3.50% | 03/15/31 | ▼ -4.04% | 70.77 | 73.75 | 23 |
| 6 | WRLGLD 12 12/31/2029 | 12.00% | 12/31/29 | ▼ -3.60% | 138.17 | 143.34 | 3 |
| 7 | MERLLN 8.375 2/15/2032 144A | 8.38% | 02/15/32 | ▼ -3.33% | 84.15 | 87.05 | 27 |
| 8 | LNZING 5.25 5/15/2029 144A | 5.25% | 05/15/29 | ▼ -3.00% | 51.09 | 52.67 | 17 |
| 9 | WOLF 7 6/15/2031 | 7.00% | 06/15/31 | ▼ -2.97% | 84.78 | 87.38 | 8 |
| 10 | HXEXPD 7 2/12/2030 | 7.00% | 02/12/30 | ▼ -2.91% | 78.93 | 81.29 | 6 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/24/25 – 10/31/25 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 10/24/25 – 10/31/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/24/25 vs. the week ending 10/31/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | SEE 5 4/15/2029 REGS | 5.00% | 04/15/29 | 159 | 285 | 126 | ▲ 79% |
| 2 | VISTAA 7.625 12/10/2035 144A | 7.63% | 12/10/35 | 74 | 189 | 115 | ▲ 155% |
| 3 | EXCRTU 7.5 2/6/2028 144A | 7.50% | 02/06/28 | 74 | 186 | 112 | ▲ 151% |
| 4 | YKBNK 7.125 10/10/2029 144A | 7.13% | 10/10/29 | 78 | 186 | 108 | ▲ 138% |
| 5 | EXCRTU 5.75 7/6/2026 144A | 5.75% | 07/06/26 | 74 | 180 | 106 | ▲ 143% |
| 6 | EXCRTU 9 1/28/2027 144A | 9.00% | 01/28/27 | 70 | 176 | 106 | ▲ 151% |
| 7 | GARAN 8.125 1/3/2035 144A | 7.58% | 01/03/35 | 68 | 173 | 105 | ▲ 154% |
| 8 | IRM 3.875 11/15/2025 144A | 3.88% | 11/15/25 | 26 | 130 | 104 | ▲ 400% |
| 9 | SHILN 9.75 10/31/2029 144A | 9.75% | 10/31/29 | 26 | 130 | 104 | ▲ 400% |
| 10 | YKBNK 7.875 1/22/2031 144A | 11.16% | 01/22/31 | 74 | 176 | 102 | ▲ 138% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/24/25 – 10/31/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | BACR 6.125 PERP | 0.00% | 10/25/29 | 37 |
| 2 | CRWV 9.25 6/1/2030 REGS | 9.25% | 06/01/30 | 36 |
| 3 | CRWV 9.25 6/1/2030 144A | 9.25% | 06/01/30 | 36 |
| 4 | BACR 9.625 PERP | 9.63% | – | 36 |
| 5 | INTNED 5.75 PERP | 8.08% | – | 36 |
| 6 | BNP 4.625 PERP REGS | 6.94% | – | 35 |
| 7 | BNP 7.375 PERP | 7.03% | – | 35 |
| 8 | CRWV 9 2/1/2031 144A | 9.00% | 02/01/31 | 35 |
| 9 | VENLNG 8.375 6/1/2031 144A | 8.38% | 06/01/31 | 35 |
| 10 | TMUS 5.3 5/15/2035 | 5.30% | 05/15/35 | 35 |
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 10/24/25 – 10/31/25
Related Resources
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