High Yield Corporate Bond Market Summary – Week Ending 4/17/26

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 4/10/26 – 4/17/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	ELECAR 8.5 4/10/2018	8.50%	04/10/18	▲ 14.48%	35.56	31.06	9
2	BRASKM 4.5 1/10/2028 REGS	4.50%	01/10/28	▲ 13.21%	55.98	49.45	22
3	PDVSA 5.375 4/12/2027	5.38%	04/12/27	▲ 13.01%	39.15	34.65	22
4	VENZ 12.75 8/23/2022	12.75%	08/23/22	▲ 11.93%	57.17	51.07	18
5	EAF 9.875 12/23/2029 144A	9.88%	12/23/29	▲ 11.40%	73.92	66.36	18
6	OGN 7.875 5/15/2034 144A	7.88%	05/15/34	▲ 10.76%	99.13	89.50	27
7	CSNABZ 5.875 4/8/2032 REGS	5.88%	04/08/32	▲ 10.29%	67.21	60.95	25
8	JELD 4.875 12/15/2027 144A	4.88%	12/15/27	▲ 8.79%	71.85	66.05	24
9	IHRT 10.875 5/1/2030 144A	10.88%	05/01/30	▲ 8.09%	76.16	70.46	21
10	NFE 12 11/15/2029 144A	12.00%	11/15/29	▲ 7.85%	49.60	45.99	17

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 4/10/26 – 4/17/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	MANTEN 9 9/15/2029 REGS	9.00%	09/15/29	▼ -6.20%	71.45	76.17	15
2	VRTU 7.125 12/15/2028 144A	7.13%	12/15/28	▼ -5.60%	72.11	76.39	14
3	CDK 8 6/15/2029 144A	8.00%	06/15/29	▼ -4.78%	71.66	75.26	22
4	RAX 5.375 12/1/2028 144A	5.38%	12/01/28	▼ -2.95%	37.85	39.00	13
5	PETSAF 9.5 10/15/2029 144A	9.50%	10/15/29	▼ -2.60%	83.10	85.32	21
6	PDCO 8.75 4/17/2032 REGS	8.75%	04/17/32	▼ -2.47%	90.24	92.53	10
7	NOVHOL 8.75 4/15/2030 144A	8.75%	04/15/30	▼ -2.24%	94.28	96.44	26
8	SCGALO 6.625 3/1/2030 144A	6.63%	03/01/30	▼ -2.09%	85.20	87.02	21
9	SOFTBK 7.25 7/10/2032	7.25%	07/10/32	▼ -1.83%	96.55	98.35	24
10	GCCN 8.75 11/15/2029 144A	8.75%	11/15/29	▼ -1.79%	96.13	97.88	19

Avg Industry Price

Displays the HY Corp average industry price by sector between 4/10/26 – 4/17/26. 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 4/10/26 – 4/17/26

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 4/10/26 vs. the week ending 4/17/26

Rank	Tranche	Coupon	Maturity	Prior Week	This Week	Increase	% Increase
1	UVN 8 8/15/2028 REGS	8.00%	08/15/28	101	255	154	▲ 152%
2	IHRT 10.875 5/1/2030 REGS	10.88%	05/01/30	80	190	110	▲ 138%
3	TLN 8.625 6/1/2030 REGS	8.63%	06/01/30	157	260	103	▲ 66%
4	CSTM 3.125 7/15/2029 144A	3.13%	07/15/29	123	210	87	▲ 71%
5	PFORGE 6.75 3/15/2031 144A	6.75%	03/15/31	98	176	78	▲ 80%
6	TNL 4.5 4/1/2027	4.50%	04/01/27	110	183	73	▲ 66%
7	FIEMEX 7.25 1/31/2041 144A	7.25%	01/31/41	108	170	62	▲ 57%
8	SNFF 2.625 2/1/2029 144A	2.63%	02/01/29	93	145	52	▲ 56%
9	SDLF 4.75 9/4/2031	8.25%	09/04/31	80	126	46	▲ 58%
10	PHNXLN 4.75 9/4/2031	4.75%	09/04/31	80	126	46	▲ 58%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 4/10/26 – 4/17/26

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	APLD 9.25 12/15/2030 144A	9.25%	12/15/30	35
6	BNP 6.875 PERP	7.61%	–	34
7	BNP 7.375 PERP	7.59%	–	34
8	VENLNG 9 PERP 144A	9.41%	–	34
9	BACR 4.375 PERP	7.38%	–	33
10	LLOYDS 6.75 PERP	8.79%	–	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 4/10/26 – 4/17/26

---

---