High Yield Corporate Bond Market Summary – Week Ending 1/2/26
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 |
| ENERGOS INFRASTRUCTURE | $1.5 billion secured notes | CITI | Q4 2025 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 12/26/25 – 1/2/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | AFFGAM 6.875 12/15/2027 144A | 6.88% | 12/15/27 | ▲ 16.03% | 59.22 | 51.04 | 15 |
| 2 | XRX 5.5 8/15/2028 144A | 5.50% | 08/15/28 | ▲ 6.53% | 46.04 | 43.22 | 23 |
| 3 | NWDEVL 5.25 PERP | 5.25% | NULL | ▲ 6.26% | 53.74 | 50.57 | 15 |
| 4 | SENEGL 6.25 5/23/2033 REGS | 6.25% | 05/23/33 | ▲ 5.46% | 59.64 | 56.55 | 19 |
| 5 | VENZ 7 12/1/2018 | 7.00% | 12/01/18 | ▲ 4.46% | 27.07 | 25.92 | 22 |
| 6 | UFS 6.75 2/15/2044 | 6.75% | 02/15/44 | ▲ 3.41% | 48.05 | 46.47 | 11 |
| 7 | VLLPM 7.25 7/20/2027 | 7.25% | 07/20/27 | ▲ 2.87% | 67.00 | 65.13 | 13 |
| 8 | CSCHLD 5.75 1/15/2030 144A | 5.75% | 01/15/30 | ▲ 2.82% | 36.57 | 35.57 | 20 |
| 9 | EMBARQ 7.995 6/1/2036 | 8.00% | 06/01/36 | ▲ 2.68% | 41.46 | 40.38 | 13 |
| 10 | VRTU 7.125 12/15/2028 144A | 7.13% | 12/15/28 | ▲ 2.66% | 98.52 | 95.97 | 12 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 12/26/25 – 1/2/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | MRNOMX 11 9/12/2030 REGS | 11.00% | 09/12/30 | ▼ -18.08% | 27.53 | 33.60 | 7 |
| 2 | SGUSLL 11 12/15/2029 REGS | 11.00% | 12/15/29 | ▼ -11.52% | 36.91 | 41.72 | 13 |
| 3 | UKRAIN 0 2/1/2036 REGS | 0.00% | 02/01/36 | ▼ -5.96% | 53.61 | 57.00 | 20 |
| 4 | QVCN 5.45 8/15/2034 | 5.45% | 08/15/34 | ▼ -3.85% | 41.80 | 43.47 | 13 |
| 5 | CNR 8.75 8/1/2028 144A | 8.75% | 08/01/28 | ▼ -3.57% | 77.67 | 80.55 | 24 |
| 6 | PETSAF 9.5 10/15/2029 144A | 9.50% | 10/15/29 | ▼ -3.34% | 81.68 | 84.50 | 20 |
| 7 | COLOM 3.875 2/15/2061 | 3.88% | 02/15/61 | ▼ -3.12% | 56.53 | 58.35 | 21 |
| 8 | OMI 4.5 3/31/2029 144A | 4.50% | 03/31/29 | ▼ -2.71% | 67.84 | 69.73 | 20 |
| 9 | CONSEN 5 10/15/2028 144A | 5.00% | 10/15/28 | ▼ -2.66% | 56.37 | 57.91 | 16 |
| 10 | AL 6 PERP | 6.24% | NULL | ▼ -2.27% | 95.45 | 97.67 | 19 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/26/25 – 12/2/26. Results are based on 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 12/26/25 – 1/2/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/26/25 vs. the week ending 1/2/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | VENLNG 8.125 6/1/2028 REGS | 8.13% | 06/01/28 | 271 | 335 | 64 | ▲ 24% |
| 2 | APODS 5.875 8/30/2030 | 5.88% | 08/30/30 | 24 | 84 | 60 | ▲ 250% |
| 3 | BANORT 8.375 PERP REGS | 7.75% | NULL | 30 | 66 | 36 | ▲ 120% |
| 4 | AEFES 3.375 6/29/2028 144A | 3.38% | 06/29/28 | 136 | 170 | 34 | ▲ 25% |
| 5 | APODS 6.55 3/15/2032 | 6.55% | 03/15/32 | 19 | 53 | 34 | ▲ 179% |
| 6 | WOLF 13.875 6/23/2030 144A | 13.88% | 06/23/30 | 16 | 50 | 34 | ▲ 213% |
| 7 | UNGUZB 4.75 11/16/2028 144A | 4.75% | 11/16/28 | 128 | 160 | 32 | ▲ 25% |
| 8 | NAVOIM 6.75 5/14/2030 144A | 6.75% | 05/14/30 | 120 | 150 | 30 | ▲ 25% |
| 9 | BNP 5.906 11/19/2035 REGS | 5.79% | 11/19/35 | 271 | 299 | 28 | ▲ 10% |
| 10 | OVV 6.5 8/15/2034 | 6.50% | 08/15/34 | 190 | 216 | 26 | ▲ 14% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/26/25 – 1/2/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | BACR 7.625 PERP | 7.63% | – | 38 |
| 2 | SANTAN 9.625 PERP | 8.98% | – | 38 |
| 3 | BNP 7.375 PERP | 7.20% | – | 36 |
| 4 | STANLN 4.3 PERP REGS | 6.82% | – | 36 |
| 5 | BNP 4.625 PERP REGS | 6.88% | – | 36 |
| 6 | LLOYDS 6.75 PERP | 8.50% | – | 36 |
| 7 | BACR 8 PERP | 9.11% | – | 36 |
| 8 | SANTAN 8 PERP | 7.59% | – | 36 |
| 9 | SANTAN 9.625 PERP | 8.99% | – | 36 |
| 10 | INTNED 5.75 PERP | 8.02% | – | 35 |
Bid-Offer Spread by Industry
Results are based on 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 12/26/25 – 1/2/26
Related Resources
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