High Yield Corporate Bond Market Summary – Week Ending 4/10/26

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	Q2 2026
Arclin	$1.5B senior secured notes	GS	Q2 2026

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 4/3/26 – 4/10/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	LEBAN 8.2 5/17/2033	8.20%	05/17/33	▲ 19.38%	27.98	23.44	18
2	HTZ 5 12/1/2029 144A	5.00%	12/01/29	▲ 13.12%	45.50	40.23	26
3	UKRAIN 4.5 2/1/2036 REGS	4.50%	02/01/36	▲ 12.78%	58.72	52.07	21
4	TELSAT 6.5 10/15/2027 144A	6.50%	10/15/27	▲ 12.36%	52.25	46.50	18
5	UFS 6.75 10/1/2028 144A	6.75%	10/01/28	▲ 12.22%	75.75	67.50	25
6	AMC 7.5 2/15/2029 144A	7.50%	02/15/29	▲ 10.67%	80.12	72.40	22
7	BINHLD 8.125 8/7/2030	8.13%	08/07/30	▲ 10.20%	86.17	78.19	20
8	IHRT 10.875 5/1/2030 144A	10.88%	05/01/30	▲ 8.99%	70.46	64.65	19
9	BRASKM 7.25 2/13/2033 144A	7.25%	02/13/33	▲ 8.84%	47.33	43.49	23
10	EGYPT 7.5 2/16/2061 REGS	7.50%	02/16/61	▲ 8.69%	82.87	76.25	20

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 4/3/26 – 4/10/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	LNZING 5.25 5/15/2029 REGS	5.25%	05/15/29	▼ -12.55%	35.45	40.54	18
2	FONFP 3.375 3/31/2028 REGS	3.38%	03/31/28	▼ -4.26%	75.72	79.09	19
3	MANTEN 9 9/15/2029 REGS	9.00%	09/15/29	▼ -4.01%	76.17	79.36	16
4	GRUB 13 7/31/2030 144A	13.00%	07/31/30	▼ -3.31%	76.25	78.86	17
5	USLBMH 6.25 1/15/2029 144A	6.25%	01/15/29	▼ -2.41%	69.84	71.57	24
6	MAXDIY 8.125 3/24/2031 REGS	8.13%	03/24/31	▼ -1.72%	97.05	98.76	10
7	CZR 6 10/15/2032 144A	6.00%	10/15/32	▼ -1.35%	89.76	90.99	31
8	AMBATH 9.75 7/15/2030 144A	9.75%	07/15/30	▼ -0.83%	89.90	90.66	24
9	LINE 4.125 11/26/2031 REGS	4.13%	11/26/31	▼ -0.77%	99.54	100.31	6
10	UNIMUS 3.75 6/30/2032	3.75%	06/30/32	▼ -0.76%	98.52	99.27	13

Avg Industry Price

Displays the HY Corp average industry price by sector between 4/3/26 – 4/10/26. 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 4/3/26 – 4/10/26

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 4/3/26 vs. the week ending 4/10/26

Rank	Tranche	Coupon	Maturity	Prior Week	This Week	Increase	% Increase
1	VST 4.375 5/1/2029 REGS	4.38%	05/01/29	147	245	98	▲ 67%
2	VST 5 7/31/2027 REGS	5.00%	07/31/27	144	236	92	▲ 64%
3	CCL 5.875 6/15/2031 REGS	5.88%	06/15/31	213	273	60	▲ 28%
4	CNC 4.25 12/15/2027	4.25%	12/15/27	129	181	52	▲ 40%
5	CNC 3.375 2/15/2030	3.38%	02/15/30	148	192	44	▲ 30%
6	CNC 2.45 7/15/2028	2.45%	07/15/28	163	206	43	▲ 26%
7	CNC 3 10/15/2030	3.00%	10/15/30	171	212	41	▲ 24%
8	NXST 5.625 7/15/2027	5.63%	07/15/27	4	40	36	▲ 900%
9	VMED 5.625 4/15/2032 144A	5.63%	04/15/32	138	173	35	▲ 25%
10	CNC 2.5 3/1/2031	2.50%	03/01/31	196	229	33	▲ 17%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 4/3/26 – 4/10/26

Rank	Tranche	Coupon	Maturity	Dealers
1	CRWV 9 2/1/2031 REGS	9.00%	02/01/31	36
2	CRWV 9 2/1/2031 144A	9.00%	02/01/31	36
3	CRWV 9.25 6/1/2030 REGS	9.25%	06/01/30	36
4	CRWV 9.25 6/1/2030 144A	9.25%	06/01/30	36
5	BNP 6.875 PERP	7.61%	–	34
6	VENLNG 9 PERP 144A	9.41%	–	34
7	SUN 6 4/15/2027	6.00%	04/15/27	34
8	CZR 4.625 10/15/2029 144A	4.63%	10/15/29	33
9	APLD 9.25 12/15/2030 144A	9.25%	12/15/30	33
10	VENLNG 7 1/15/2030 144A	7.00%	01/15/30	33

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 4/3/26 – 4/10/26

---

---