High Yield Corporate Bond Market Summary – Week Ending 2/6/26
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 |
| Cipher Mining Inc. | $2 billion senior secured notes | MS | Q1 2026 |
| Block Communications Inc. | $450 million senior secured notes | Bofa | Q1 2026 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 1/30/26 – 2/6/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | NEWLSQ 15.5 11/1/2023 144A | 15.50% | 11/01/23 | ▲ 23.92% | 33.68 | 27.18 | 8 |
| 2 | NINE 13 2/1/2028 | 13.00% | 02/01/28 | ▲ 23.63% | 30.44 | 24.62 | 12 |
| 3 | FECCN 7.875 6/21/2028 144A | 7.88% | 06/21/28 | ▲ 22.25% | 88.33 | 72.25 | 28 |
| 4 | BRASKM 7.125 7/22/2041 144A | 7.13% | 07/22/41 | ▲ 11.79% | 41.94 | 37.52 | 24 |
| 5 | METINV 7.75 10/17/2029 REGS | 7.75% | 10/17/29 | ▲ 10.50% | 86.25 | 78.05 | 16 |
| 6 | STYRO 8.5 3/15/2029 REGS | 8.50% | 03/15/29 | ▲ 7.76% | 87.57 | 81.27 | 26 |
| 7 | SENEGL 7.75 6/10/2031 | 7.75% | 06/10/31 | ▲ 7.58% | 64.79 | 60.23 | 19 |
| 8 | FRICON 7.7 7/21/2028 REGS | 7.70% | 07/21/28 | ▲ 6.75% | 55.91 | 52.38 | 18 |
| 9 | DTEKUA 7 12/31/2027 | 7.00% | 12/31/27 | ▲ 6.20% | 77.62 | 73.08 | 14 |
| 10 | INEGRP 5.625 8/15/2030 REGS | 5.63% | 08/15/30 | ▲ 5.73% | 85.34 | 80.71 | 27 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 1/30/26 – 2/6/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | XRX 13.5 4/15/2031 144A | 13.50% | 04/15/31 | ▼ -18.21% | 60.32 | 73.75 | 7 |
| 2 | VLLPM 9.375 7/29/2029 | 9.38% | 07/29/29 | ▼ -17.90% | 47.09 | 57.35 | 14 |
| 3 | OBEBLD 9.5 4/15/2030 144A | 9.50% | 04/15/30 | ▼ -10.86% | 52.67 | 59.09 | 19 |
| 4 | CLVTSC 4.875 7/1/2029 144A | 4.88% | 07/01/29 | ▼ -7.62% | 80.81 | 87.47 | 18 |
| 5 | UIS 10.625 1/15/2031 144A | 10.63% | 01/15/31 | ▼ -7.15% | 89.80 | 96.71 | 24 |
| 6 | CSNABZ 8.875 12/5/2030 REGS | 8.88% | 12/05/30 | ▼ -7.10% | 90.19 | 97.08 | 24 |
| 7 | IONPLA 7.875 5/1/2029 REGS | 7.88% | 05/01/29 | ▼ -6.39% | 92.26 | 98.55 | 12 |
| 8 | ZIP 5 1/15/2030 144A | 5.00% | 01/15/30 | ▼ -6.23% | 64.75 | 69.05 | 17 |
| 9 | ROCSOF 6.5 2/15/2029 144A | 6.50% | 02/15/29 | ▼ -5.91% | 86.00 | 91.40 | 20 |
| 10 | CDK 7.25 6/15/2029 144A | 7.25% | 06/15/29 | ▼ -5.73% | 76.38 | 81.03 | 27 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/30/26 – 2/6/26. 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 1/30/26 – 2/6/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/30/26 vs. the week ending 2/6/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | MERLLN 8.375 2/15/2032 REGS | 8.38% | 02/15/32 | 42 | 215 | 173 | ▲ 412% |
| 2 | BBDBCN 6 2/15/2028 REGS | 6.00% | 02/15/28 | 110 | 282 | 172 | ▲ 156% |
| 3 | BBDBCN 8.75 11/15/2030 REGS | 8.75% | 11/15/30 | 110 | 282 | 172 | ▲ 156% |
| 4 | BBDBCN 7.5 2/1/2029 REGS | 7.50% | 02/01/29 | 112 | 282 | 170 | ▲ 152% |
| 5 | BBDBCN 7.25 7/1/2031 REGS | 7.25% | 07/01/31 | 112 | 282 | 170 | ▲ 152% |
| 6 | BBDBCN 7 6/1/2032 REGS | 7.00% | 06/01/32 | 108 | 272 | 164 | ▲ 152% |
| 7 | AMC 15 2/19/2029 REGS | 15.00% | 02/19/29 | 47 | 191 | 144 | ▲ 306% |
| 8 | AMC 15 2/19/2029 144A | 15.00% | 02/19/29 | 47 | 191 | 144 | ▲ 306% |
| 9 | ICELTD 10.875 12/15/2027 144A | 10.88% | 12/15/27 | 80 | 200 | 120 | ▲ 150% |
| 10 | SIERRA 6 6/15/2028 144A | 6.00% | 06/15/28 | 72 | 184 | 112 | ▲ 156% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/30/26 – 2/6/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | BACR 4.375 PERP | 7.09% | – | 37 |
| 2 | F 5.753 4/6/2033 | 5.75% | 04/06/33 | 37 |
| 3 | INTNED 5.75 PERP | 8.02% | – | 37 |
| 4 | BACR 8 PERP | 9.11% | – | 36 |
| 5 | BNP 9.25 PERP 144A | 8.65% | – | 35 |
| 6 | ACI 4.625 1/15/2027 144A | 4.63% | 01/15/27 | 35 |
| 7 | BNP 7.375 PERP | 7.20% | – | 35 |
| 8 | INTNED 3.875 PERP | 6.54% | – | 35 |
| 9 | SANTAN 9.625 PERP | 8.98% | – | 35 |
| 10 | BACR 9.625 PERP | 9.63% | – | 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 1/30/26 – 2/6/26
Related Resources
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