High Yield Corporate Bond Market Summary – Week Ending 11/21/25
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 |
| ALLISON TRANSMISSION INC. | $500 million senior notes | BCLY | Q4 2025 |
| CENTERFIELD MEDIA HOLDINGS, LLC | $785 million five year senior secured notes | BofA | 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 11/14/25 – 11/21/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | PDVSA 12.75 2/17/2022 REGS | 12.75% | 02/17/22 | ▲ 9.52% | 28.46 | 25.99 | 21 |
| 2 | UKRAIN 0 2/1/2035 REGS | 0.00% | 02/01/35 | ▲ 8.33% | 52.10 | 48.09 | 22 |
| 3 | NWDEVL 5.25 PERP | 5.25% | NULL | ▲ 8.05% | 49.19 | 45.53 | 16 |
| 4 | VENZ 7.75 10/13/2019 | 7.75% | 10/13/19 | ▲ 7.81% | 25.13 | 23.31 | 18 |
| 5 | SSP 5.375 1/15/2031 144A | 5.38% | 01/15/31 | ▲ 7.43% | 77.86 | 72.48 | 27 |
| 6 | FONFP 5 3/31/2029 144A | 5.00% | 03/31/29 | ▲ 6.05% | 49.62 | 46.79 | 19 |
| 7 | ASKCHE 10 11/15/2029 REGS | 10.00% | 11/15/29 | ▲ 5.49% | 94.63 | 89.71 | 16 |
| 8 | MAGN 7.25 11/15/2031 REGS | 7.25% | 11/15/31 | ▲ 4.75% | 91.00 | 86.87 | 21 |
| 9 | MODULA 6.75 11/30/2029 REGS | 6.75% | 11/30/29 | ▲ 3.06% | 65.71 | 63.75 | 19 |
| 10 | GTN 5.375 11/15/2031 144A | 5.38% | 11/15/31 | ▲ 3.02% | 73.60 | 71.44 | 30 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 11/14/25 – 11/21/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | TRUK 6.25 2/1/2029 144A | 6.25% | 02/01/29 | ▼ -19.80% | 45.75 | 57.05 | 16 |
| 2 | KIKCN 10.75 6/30/2032 144A | 10.75% | 06/30/32 | ▼ -13.91% | 43.25 | 50.24 | 22 |
| 3 | OBEBLD 9.5 4/15/2030 144A | 9.50% | 04/15/30 | ▼ -8.84% | 51.87 | 56.90 | 24 |
| 4 | SATS 6.625 8/1/2026 | 6.63% | 08/01/26 | ▼ -8.72% | 86.84 | 95.13 | 21 |
| 5 | EDRSM 4.875 12/30/2030 REGS | 4.88% | 12/30/30 | ▼ -8.30% | 92.52 | 100.89 | 21 |
| 6 | BALY 5.625 9/1/2029 144A | 5.63% | 09/01/29 | ▼ -7.73% | 54.50 | 59.06 | 21 |
| 7 | XRX 5.5 8/15/2028 144A | 5.50% | 08/15/28 | ▼ -6.63% | 42.46 | 45.48 | 28 |
| 8 | VLLPM 9.375 7/29/2029 | 9.38% | 07/29/29 | ▼ -6.48% | 54.88 | 58.69 | 12 |
| 9 | QVCN 5.95 3/15/2043 | 5.95% | 03/15/43 | ▼ -6.29% | 39.22 | 41.85 | 17 |
| 10 | TELSAT 6.5 10/15/2027 144A | 6.50% | 10/15/27 | ▼ -5.91% | 44.61 | 47.41 | 21 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/14/25 – 11/21/25 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 11/14/25 – 11/21/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/14/25 vs. the week ending 11/21/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | MERLLN 8.375 2/15/2032 REGS | 8.38% | 02/15/32 | 110 | 281 | 171 | ▲ 155% |
| 2 | CHTR 5.125 5/1/2027 REGS | 5.13% | 05/01/27 | 110 | 273 | 163 | ▲ 148% |
| 3 | ARGID 9.5 12/1/2030 REGS | 9.50% | 12/01/30 | 26 | 128 | 102 | ▲ 392% |
| 4 | LGF 5.5 4/15/2029 REGS | 5.50% | 04/15/29 | 31 | 128 | 97 | ▲ 313% |
| 5 | TURKSK 5.125 6/22/2026 144A | 5.13% | 06/22/26 | 64 | 160 | 96 | ▲ 150% |
| 6 | TURKSK 7.25 2/24/2027 144A | 7.25% | 02/24/27 | 64 | 160 | 96 | ▲ 150% |
| 7 | TURKSK 9.758 11/13/2025 144A | 9.76% | 11/13/25 | 60 | 150 | 90 | ▲ 150% |
| 8 | YPFDAR 8.75 9/11/2031 144A | 8.75% | 09/11/31 | 129 | 212 | 83 | ▲ 64% |
| 9 | UZBEK 7.85 10/12/2028 144A | 7.85% | 10/12/28 | 114 | 196 | 82 | ▲ 72% |
| 10 | UZBEK 3.9 10/19/2031 144A | 3.90% | 10/19/31 | 114 | 196 | 82 | ▲ 72% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/14/25 – 11/21/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | BACR 6.125 PERP | 9.61% | – | 41 |
| 2 | BACR 7.625 PERP | 7.63% | – | 38 |
| 3 | BNP 7.375 PERP | 7.03% | – | 38 |
| 4 | INTNED 5.75 PERP | 8.08% | – | 38 |
| 5 | BACR 9.625 PERP | 9.63% | – | 38 |
| 6 | SANTAN 9.625 PERP | 9.04% | – | 38 |
| 7 | AAL 8.5 5/15/2029 144A | 8.50% | 05/15/29 | 37 |
| 8 | SANTAN 8 PERP | 7.65% | – | 37 |
| 9 | BACR 8 PERP | 9.17% | – | 36 |
| 10 | LLOYDS 6.75 PERP | 8.56% | – | 36 |
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 11/14/25 – 11/21/25
Related Resources
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