Corporates
December 2025

High Yield Corporate Bond Market Summary – Week Ending 12/5/25

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 11/28/25 – 12/5/25

Rank Bond Name Coupon Maturity Change PRC PRC-1W Dealers
1 PETSAF 9.5 10/15/2029 144A 9.50% 10/15/29 ▲ 19.34% 83.75 70.18 21
2 NFE 12 11/15/2029 144A 12.00% 11/15/29 ▲ 14.95% 29.10 25.31 17
3 CNR 6.125 1/15/2029 144A 6.13% 01/15/29 ▲ 11.30% 56.16 50.46 23
4 BALY 5.625 9/1/2029 144A 5.63% 09/01/29 ▲ 10.40% 59.58 53.97 21
5 ATLNSA 3.5 4/30/2028 REGS 3.50% 04/30/28 ▲ 10.12% 76.17 69.17 20
6 CSCHLD 4.125 12/1/2030 144A 4.13% 12/01/30 ▲ 7.20% 60.66 56.58 23
7 UKRAIN 0 5/31/2041 REGS 0.00% 05/31/41 ▲ 7.01% 99.61 93.08 8
8 VENZ 6 12/9/2020 6.00% 12/09/20 ▲ 6.26% 25.76 24.24 21
9 MCBRAC 7.25 6/30/2031 REGS 7.25% 06/30/31 ▲ 6.06% 88.87 83.79 23
10 ZAMBIN 0.5 12/31/2053 REGS 0.50% 12/31/53 ▲ 6.02% 72.25 68.15 15

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 11/28/25 – 12/5/25

Rank Bond Name Coupon Maturity Change PRC PRC-1W Dealers
1 ALTICE 5.75 8/15/2029 144A 5.75% 08/15/29 ▼ -12.47% 65.01 74.28 24
2 SGUSLL 11 12/15/2029 REGS 11.00% 12/15/29 ▼ -8.69% 74.91 82.03 12
3 PFLEID 4.75 4/15/2029 REGS 4.75% 04/15/29 ▼ -7.96% 55.56 60.36 18
4 UKRAIN 1.75 2/1/2034 REGS 4.50% 02/01/34 ▼ -6.08% 55.00 58.55 20
5 PDCO 8.75 4/17/2032 REGS 8.75% 04/17/32 ▼ -3.88% 90.55 94.20 8
6 BRNKGR 2.25 9/22/2026 2.25% 09/22/26 ▼ -3.87% 69.74 72.55 14
7 NASSAU 7.875 7/15/2030 144A 7.88% 07/15/30 ▼ -3.87% 94.20 97.99 15
8 MGI 9 6/1/2030 144A 9.00% 06/01/30 ▼ -3.69% 69.82 72.50 18
9 VENLNG 9 PERP 144A 9.18% NULL ▼ -3.19% 82.07 84.78 28
10 BAKIDE 7.45 11/15/2029 REGS 7.45% 11/15/29 ▼ -3.14% 58.75 60.66 22

Avg Industry Price

Displays the HY Corp average industry price by sector between 11/28/25 – 12/5/25 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 11/28/25 – 12/5/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/28/25 vs. the week ending 12/5/25

Rank Tranche Coupon Maturity Prior Week This Week Increase % Increase
1 SUN 4.5 10/1/2029 144A 4.50% 10/01/29 62 250 188 ▲ 303%
2 SUN 6.625 8/15/2032 144A 6.63% 08/15/32 76 180 104 ▲ 137%
3 SUN 4.625 5/1/2030 144A 4.63% 05/01/30 67 168 101 ▲ 151%
4 VDNWDL 7 12/5/2031 7.00% 12/05/31 22 117 95 ▲ 432%
5 SUN 5.875 7/15/2027 144A 5.88% 07/15/27 66 148 82 ▲ 124%
6 SUN 6.625 8/15/2032 REGS 6.63% 08/15/32 102 180 78 ▲ 76%
7 SUN 4.625 5/1/2030 REGS 4.63% 05/01/30 102 168 66 ▲ 65%
8 SUN 5.875 7/15/2027 REGS 5.88% 07/15/27 82 148 66 ▲ 80%
9 MBGGR FLT 11/15/2027 144A 4.77% 11/15/27 85 145 60 ▲ 71%
10 MBGGR FLT 11/15/2027 REGS 4.77% 11/15/27 85 145 60 ▲ 71%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 11/28/25 – 12/5/25

Rank Tranche Coupon Maturity Dealers
1 BACR 6.125 PERP 6.13% 42
2 BACR 7.625 PERP 7.63% 40
3 INTNED 5.75 PERP 8.08% 39
4 BNP 7.375 PERP 7.03% 39
5 SANTAN 9.625 PERP 9.04% 39
6 BACR 4.375 PERP 7.15% 38
7 LLOYDS 6.75 PERP 8.56% 38
8 BACR 8 PERP 9.17% 38
9 SANTAN 8 PERP 7.65% 38
10 BACR 9.625 PERP 9.63% 38

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 11/28/25 – 12/5/25



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