High Yield Corporate Bond Market Summary – Week Ending 1/23/26

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	$1.5B senior secured notes	CITI	Q1 2026

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 1/16/26 – 1/23/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	OGN 7.875 5/15/2034 144A	7.88%	05/15/34	▲ 14.44%	98.93	86.44	28
2	STYRO 8.5 3/15/2029 REGS	8.50%	03/15/29	▲ 14.09%	81.61	71.53	25
3	NWDEVL 4.125 PERP	4.13%	—	▲ 8.24%	60.75	56.12	16
4	FVICN 3.75 6/30/2029	3.75%	06/30/29	▲ 7.68%	191.03	177.40	5
5	CONSEN 12 2/15/2031 REGS	12.00%	02/15/31	▲ 7.08%	83.88	78.33	19
6	ATOFP 1 12/18/2032 REGS	1.04%	12/18/32	▲ 6.53%	73.26	68.77	18
7	GABON 7 11/24/2031 REGS	7.00%	11/24/31	▲ 6.40%	82.23	77.29	16
8	VENLNG 9 PERP 144A	9.12%	—	▲ 6.23%	90.38	85.07	27
9	GTE 9.5 10/15/2029 REGS	9.50%	10/15/29	▲ 6.06%	74.76	70.49	28
10	GAMHOL 8 9/30/2031 REGS	8.00%	09/30/31	▲ 5.25%	87.56	83.19	21

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 1/16/26 – 1/23/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	LABL 9.5 11/1/2028 144A	9.50%	11/01/28	▼ -17.04%	50.24	60.56	18
2	OMI 6.625 4/1/2030 144A	6.63%	04/01/30	▼ -10.29%	57.95	64.60	16
3	CNR 6.125 1/15/2029 144A	6.13%	01/15/29	▼ -7.47%	47.69	51.53	25
4	PFLEID FLT 4/15/2029 REGS	6.79%	04/15/29	▼ -6.57%	46.55	49.82	20
5	MGI 9 6/1/2030 144A	9.00%	06/01/30	▼ -6.28%	61.15	65.25	20
6	ABEGET 11.25 2/21/2030 REGS	11.25%	02/21/30	▼ -4.60%	88.80	93.09	13
7	XRX 13.5 4/15/2031 144A	13.50%	04/15/31	▼ -4.35%	77.54	81.07	17
8	SABHLD 10.75 3/15/2030 REGS	10.75%	03/15/30	▼ -4.34%	77.61	81.13	6
9	LNZING 5.25 5/15/2029 REGS	5.25%	05/15/29	▼ -4.23%	53.68	56.06	17
10	CSNABZ 4.625 6/10/2031 REGS	4.63%	06/10/31	▼ -3.72%	78.78	81.82	22

Avg Industry Price

Displays the HY Corp average industry price by sector between 1/16/26 – 1/23/26. 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 1/16/26 – 1/23/26

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/16/26 vs. the week ending 1/23/26

Rank	Tranche	Coupon	Maturity	Prior Week	This Week	Increase	% Increase
1	CSNABZ 4.625 6/10/2031 144A	4.63%	06/10/31	82	225	143	▲ 174%
2	CCO 7.5 6/1/2029 REGS	7.50%	06/01/29	95	235	140	▲ 147%
3	EMPARQ 1.875 2/1/2028 144A	1.88%	02/01/28	82	219	137	▲ 167%
4	CERTEC 5.25 2/15/2030 144A	5.25%	02/15/30	80	205	125	▲ 156%
5	EOLOSP 4.875 10/21/2028 144A	4.88%	10/21/28	76	190	114	▲ 150%
6	IONPLA 7.875 9/30/2032 144A	7.88%	09/30/32	69	180	111	▲ 161%
7	CHEPDE 4.375 1/15/2028 144A	4.38%	01/15/28	143	251	108	▲ 76%
8	DVA 4.625 6/1/2030 REGS	4.63%	06/01/30	152	255	103	▲ 68%
9	ADNT 7 4/15/2028 REGS	7.00%	04/15/28	126	218	92	▲ 73%
10	SYABGR 7.875 1/31/2031 144A	7.88%	01/31/31	130	220	90	▲ 69%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 1/16/26 – 1/23/26

Rank	Tranche	Coupon	Maturity	Dealers
1	F 5.753 4/6/2033	5.75%	04/06/33	39
2	STANLN 4.3 PERP REGS	6.82%	–	37
3	SANTAN 9.625 PERP	8.99%	–	37
4	INTNED 5.75 PERP	8.02%	–	37
5	BACR 8 PERP	9.11%	–	36
6	SANTAN 9.625 PERP	8.98%	–	36
7	LLOYDS 8 PERP	7.59%	–	36
8	CHTR 5.5 5/1/2026 144A	5.50%	05/01/26	35
9	SOCGEN 5.375 PERP REGS	8.19%	–	35
10	BNP 9.25 PERP 144A	8.65%	–	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 1/16/26 – 1/23/26

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