High Yield Corporate Bond Market Summary – Week Ending 10/3/25
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 |
| BRIGHTSPEED | $1.865 billion senior secured notes | – | Q4 2025 |
| AMPLIFY ENERGY CORP. | Expected $150 million five-year senior notes | ASAS | Q4 2025 |
| CHUCK E. CHEESE | $660 million five-year senior secured notes (B3/B-) | JPM | Q4 2025 |
| HANESBRANDS INC. | $500 million unsecured notes | JPM | Q4 2025 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 9/26/25- 10/3/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | FRTACO 10.5 7/22/2029 | 9.02% | 07/22/27 | ▲ 13.79% | 85.34 | 75.00 | 3 |
| 2 | NWDEVL 4.125 PERP | 4.13% | – | ▲ 11.73% | 39.91 | 35.73 | 15 |
| 3 | LILAPR 5.125 7/15/2029 144A | 5.13% | 07/15/29 | ▲ 9.94% | 57.58 | 52.37 | 17 |
| 4 | IHRT 10.875 5/1/2030 144A | 10.88% | 05/01/30 | ▲ 7.36% | 69.14 | 64.40 | 18 |
| 5 | LUMN 7.65 3/15/2042 | 7.65% | 03/15/42 | ▲ 7.02% | 96.07 | 89.77 | 15 |
| 6 | GTCAPW 2.25 6/23/2026 | 2.25% | 06/23/26 | ▲ 5.65% | 97.20 | 92.01 | 12 |
| 7 | CXT 4.2 3/15/2048 | 4.20% | 03/15/48 | ▲ 5.59% | 68.16 | 64.55 | 11 |
| 8 | ATOFP 5 12/18/2030 REGS | 5.00% | 12/18/30 | ▲ 5.48% | 98.48 | 93.36 | 20 |
| 9 | CSCHLD 11.75 1/31/2029 144A | 11.75% | 01/31/29 | ▲ 5.39% | 85.89 | 81.50 | 17 |
| 10 | THAMES 0.875 1/31/2030 | 0.88% | 01/31/30 | ▲ 5.11% | 71.24 | 67.78 | 21 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 9/26/25 – 10/3/25
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | BRASKM 8 10/15/2034 REGS | 8.00% | 10/15/34 | ▼ -31.72% | 37.30 | 54.63 | 25 |
| 2 | SAFFA FLT 4/15/2029 REGS | 7.02% | 04/15/29 | ▼ -25.59% | 58.11 | 78.09 | 16 |
| 3 | MCGLN 4.25 PERP | 4.25% | – | ▼ -21.31% | 48.68 | 61.86 | 19 |
| 4 | GFKLDE 9.5 11/1/2028 REGS | 9.50% | 11/01/28 | ▼ -17.39% | 54.59 | 66.08 | 13 |
| 5 | CNECN 5.75 11/24/2028 REGS | 5.75% | 11/24/28 | ▼ -16.84% | 28.75 | 34.57 | 19 |
| 6 | LABL 10.5 7/15/2027 144A | 10.50% | 07/15/27 | ▼ -15.68% | 72.37 | 85.83 | 17 |
| 7 | BAKIDE 6.99 2/20/2032 REGS | 6.99% | 02/20/32 | ▼ -11.34% | 59.63 | 67.26 | 24 |
| 8 | WESODA 9.375 2/14/2031 144A | 9.38% | 02/14/31 | ▼ -11.01% | 94.50 | 106.19 | 22 |
| 9 | BRIEAS 11 1/31/2030 144A | 11.00% | 01/31/30 | ▼ -9.20% | 40.03 | 44.09 | 22 |
| 10 | ARGENT 4.25 1/9/2038 | 4.25% | 01/09/38 | ▼ -8.40% | 53.33 | 58.22 | 10 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 9/26/25 – 10/3/25 Results are based on 5 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 9/26/25 – 10/3/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/26/25 vs. the week ending 10/3/25
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | SEE 4 12/1/2027 REGS | 4.00% | 12/01/27 | 87 | 222 | 135 | ▲ 155% |
| 2 | ASSDLN 8.125 5/14/2030 144A | 8.13% | 05/14/30 | 84 | 216 | 132 | ▲ 157% |
| 3 | AMC 15 2/19/2029 144A | 15.00% | 02/19/29 | 40 | 166 | 126 | ▲ 315% |
| 4 | AMC 7.5 2/15/2029 144A | 7.50% | 02/15/29 | 60 | 174 | 114 | ▲ 190% |
| 5 | AMC 7.5 2/15/2029 REGS | 7.50% | 02/15/29 | 60 | 174 | 114 | ▲ 190% |
| 6 | ELEBRA 4.625 2/4/2030 144A | 4.63% | 02/04/30 | 70 | 175 | 105 | ▲ 150% |
| 7 | BTECN 7.375 3/15/2032 REGS | 7.38% | 03/15/32 | 156 | 257 | 101 | ▲ 65% |
| 8 | MERLLN 8.375 2/15/2032 REGS | 8.38% | 02/15/32 | 119 | 209 | 90 | ▲ 76% |
| 9 | MERLLN 4.5 11/15/2027 144A | 4.50% | 11/15/27 | 111 | 197 | 86 | ▲ 77% |
| 10 | ZFFNGR 6.875 4/23/2032 REGS | 6.88% | 04/23/32 | 123 | 207 | 84 | ▲ 68% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 9/26/25 – 10/3/25
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | INTNED 5.75 PERP | 8.08% | – | 37 |
| 2 | BNP 7.375 PERP | 7.03% | – | 37 |
| 3 | STANLN 4.3 PERP REGS | 6.88% | – | 36 |
| 4 | BNP 9.25 PERP 144A | 8.71% | – | 36 |
| 5 | BACR 6.125 PERP | 9.61% | – | 36 |
| 6 | TMUS 5.05 7/15/2033 | 5.05% | 07/15/33 | 36 |
| 7 | SANTAN 9.625 PERP | 9.05% | – | 36 |
| 8 | TMUS 5.3 5/15/2035 | 5.30% | 05/15/35 | 36 |
| 9 | BNP 9.25 PERP REGS | 8.71% | – | 36 |
| 10 | SOCGEN 10 PERP REGS | 9.19% | – | 36 |
Bid-Offer Spread by Industry
Results are based on 5 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 9/26/25 – 10/3/25
Related Resources
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