High Yield Corporate Bond Market Summary – Week Ending 1/30/26

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
Industrial F&B Investments III, Inc.	$550 million senior secured notes	DB	Q1 2026

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 1/23/26 – 1/30/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	NFE 12 11/15/2029 144A	12.00%	11/15/29	▲ 14.37%	34.29	29.98	14
2	NWDEVL 4.8 PERP	4.80%	—	▲ 14.32%	62.00	54.24	16
3	MCGLN 4.25 PERP	4.25%	—	▲ 8.03%	65.11	60.27	18
4	TALKLN 8.25 2/29/2028 REGS	8.25%	02/29/28	▲ 7.64%	67.74	62.93	16
5	ARNDTN 5.871 PERP	6.03%	—	▲ 7.39%	96.95	90.29	13
6	GTE 9.5 10/15/2029 REGS	9.50%	10/15/29	▲ 6.19%	79.39	74.76	29
7	WRLGLD 12 12/31/2029	12.00%	12/31/29	▲ 5.77%	185.00	174.91	3
8	ARGENT 3.875 7/9/2035	3.88%	07/09/35	▲ 5.50%	75.37	71.43	13
9	BRASKM 4.5 1/31/2030 REGS	4.50%	01/31/30	▲ 4.96%	41.37	39.41	22
10	LIQTEL 5.5 9/4/2026 REGS	5.50%	09/04/26	▲ 4.53%	95.57	91.42	17

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 1/23/26 – 1/30/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	RAX 3.5 5/15/2028 144A	3.50%	05/15/28	▼ -19.29%	26.36	32.66	15
2	LABL 9.5 11/1/2028 144A	9.50%	11/01/28	▼ -12.06%	44.18	50.24	21
3	MERC 12.875 10/1/2028 144A	12.88%	10/01/28	▼ -10.65%	72.75	81.42	26
4	CSCHLD 5.75 1/15/2030 144A	5.75%	01/15/30	▼ -9.48%	38.03	42.01	20
5	XRX 13.5 4/15/2031 144A	13.50%	04/15/31	▼ -9.08%	73.75	81.11	7
6	IONPLA 7.875 9/30/2032 144A	7.88%	09/30/32	▼ -8.43%	88.06	96.17	22
7	MAXDIY 5.875 10/1/2026 REGS	5.88%	10/01/26	▼ -8.04%	74.93	81.48	19
8	ZIP 5 1/15/2030 144A	5.00%	01/15/30	▼ -7.31%	69.05	74.50	16
9	CNDT 6 11/1/2029 144A	6.00%	11/01/29	▼ -7.10%	81.50	87.73	14
10	AIRBAL 14.5 8/14/2029 REGS	14.50%	08/14/29	▼ -6.93%	91.71	98.53	17

Avg Industry Price

Displays the HY Corp average industry price by sector between 1/23/26 – 1/30/26. 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 1/23/26 – 1/30/26

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/23/26 vs. the week ending 1/30/26

Rank	Tranche	Coupon	Maturity	Prior Week	This Week	Increase	% Increase
1	GFLCN 5.5 2/1/2034 REGS	5.50%	02/01/34	144	305	161	▲ 112%
2	YUM 4.75 6/1/2027 REGS	4.75%	06/01/27	105	265	160	▲ 152%
3	AMPBEV 3.25 9/1/2028 REGS	3.25%	09/01/28	40	200	160	▲ 400%
4	XIFR 7.75 4/15/2034 REGS	7.75%	04/15/34	56	170	114	▲ 204%
5	VENTGL 3.875 8/15/2029 REGS	3.88%	08/15/29	168	280	112	▲ 67%
6	ASUCOR 8 12/31/2032 144A	8.00%	12/31/32	129	235	106	▲ 82%
7	KLAB 3.2 1/12/2031 144A	3.20%	01/12/31	60	162	102	▲ 170%
8	SPN 7.875 9/30/2030 REGS	7.88%	09/30/30	18	116	98	▲ 544%
9	RRD 9.5 8/1/2029 144A	9.50%	08/01/29	64	160	96	▲ 150%
10	BCULC 3.5 2/15/2029 REGS	3.50%	02/15/29	144	240	96	▲ 67%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 1/23/26 – 1/30/26

Rank	Tranche	Coupon	Maturity	Dealers
1	F 5.753 4/6/2033	5.75%	04/06/33	40
2	INTNED 5.75 PERP	8.02%	–	38
3	BACR 4.375 PERP	7.09%	–	37
4	SANTAN 9.625 PERP	8.99%	–	37
5	SANTAN 9.625 PERP	8.98%	–	37
6	STANLN 4.3 PERP REGS	6.82%	–	37
7	BNP 4.625 PERP REGS	6.88%	–	36
8	BNP 9.25 PERP REGS	8.65%	–	36
9	INTNED 7.5 PERP	7.50%	–	36
10	BACR 8 PERP	9.11%	–	36

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 1/23/26 – 1/30/26

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