High Yield Corporate Bond Market Summary – Week Ending 9/25/26

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
McGraw Hill Inc.	$500 million senior secured notes	BofA	Q3 2026

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 9/18/26 – 9/25/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	PLATIN 9.375 10/3/2031 REGS	9.375%	10/03/31	▲ 10.12%	100.04	90.85	17
2	CLW 4.75 8/15/2028 144A	4.75%	08/15/28	▲ 9.68%	99.90	91.08	12
3	EAF 4.625 12/23/2029 144A	4.625%	12/23/29	▲ 8.28%	70.75	65.34	16
4	HTZ 5 12/1/2029 144A	5%	12/01/29	▲ 8.10%	33.75	31.22	21
5	CAKE 2 3/15/2030	2%	03/15/30	▲ 6.94%	156.65	146.48	8
6	MANTEN 9 9/15/2029 REGS	9%	09/15/29	▲ 5.13%	76.91	73.15	20
7	ABK 5.1 PERP 144A	5.1%	NULL	▲ 4.62%	139.06	132.92	4
8	EHICAR 12 9/26/2027 REGS	12%	09/26/27	▲ 4.41%	40.29	38.58	15
9	AMC 15 2/19/2029 144A	15%	02/19/29	▲ 3.41%	117.38	113.50	18
10	RAX 3.5 5/15/2028 144A	3.5%	05/15/28	▲ 3.32%	85.49	82.75	14

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 9/18/26 – 9/25/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	CABO 4 11/15/2030 144A	4%	11/15/30	▼ -25.44%	25.98	34.84	16
2	OBEBLD 9.5 4/15/2030 144A	9.5%	04/15/30	▼ -11.19%	45.26	50.97	12
3	ACRISU 8.5 6/15/2029 144A	8.5%	06/15/29	▼ -10.11%	74.63	83.02	22
4	VLLPM 7.25 7/20/2027 REGS	7.25%	07/20/27	▼ -9.28%	79.35	87.47	15
5	CSNABZ 5.875 4/8/2032 REGS	5.875%	04/08/32	▼ -8.02%	60.28	65.54	26
6	VENZ 7 3/31/2038	7%	03/31/38	▼ -7.56%	43.49	47.04	22
7	MERLLN 7.375 6/15/2030 REGS	7.375%	06/15/30	▼ -6.91%	69.44	74.60	25
8	BRASKM 8.5 1/12/2031 REGS	8.5%	01/12/31	▼ -6.83%	55.67	59.75	24
9	ANGI 3.875 8/15/2028 144A	3.875%	08/15/28	▼ -6.81%	79.45	85.25	21
10	ACH 9.75 6/15/2033 144A	9.75%	06/15/33	▼ -6.29%	36.06	38.48	8

Avg Industry Price

Displays the HY Corp average industry price by sector between 9/18/26 – 9/25/26. 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 9/18/26 – 9/25/26

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/18/26 vs. the week ending 9/25/26

Rank	Tranche	Coupon	Maturity	Prior Week	This Week	Increase	% Increase
1	BRASKM 8.5 1/12/2031 144A	8.5%	01/12/31	100	246	146	▲ 146%
2	BRASKM 5.875 1/31/2050 144A	5.875%	01/31/50	98	241	143	▲ 146%
3	DOBIM 7 2/28/2030 144A	7%	02/28/30	64	178	114	▲ 178%
4	DTV 9.25 6/1/2032 REGS	9.25%	06/01/32	78	187	109	▲ 140%
5	GRFSM 3.875 10/15/2028 144A	3.875%	10/15/28	154	258	104	▲ 68%
6	KUAISH 4.125 1/22/2031 REGS	4.125%	01/22/31	111	205	94	▲ 85%
7	ICICI 3.8 12/14/2027 REGS	3.8%	12/14/27	72	160	88	▲ 122%
8	AMSIND 6.375 3/15/2033 REGS	6.375%	03/15/33	103	185	82	▲ 80%
9	UKRAIN 4 2/1/2032 144A	4%	02/01/32	128	210	82	▲ 64%
10	BHARTI 3.25 6/3/2031 REGS	3.25%	06/03/31	103	174	71	▲ 69%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 9/18/26 – 9/25/26

Rank	Tranche	Coupon	Maturity	Dealers
1	NVDA 4.5 6/15/2031	4.5%	06/15/31	33
2	AMZN 5.3 7/9/2036	5.3%	07/09/36	33
3	AMZN 6.1 7/9/2056	6.1%	07/09/56	33
4	NTT 4.876 7/16/2030 REGS	4.876%	07/16/30	33
5	APLD 9.25 12/15/2030 144A	9.25%	12/15/30	33
6	NTT 4.876 7/16/2030 144A	4.876%	07/16/30	33
7	NVDA 4.75 6/15/2033	4.75%	06/15/33	32
8	CRWV 9.75 10/1/2031 REGS	9.75%	10/01/31	32
9	CRWV 9.75 10/1/2031 144A	9.75%	10/01/31	32
10	BBVASM 6.125 PERP	6.125%	NULL	32

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 9/18/26 – 9/25/26

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