High Yield Financials: The Weekly Ledger

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High Yield Financials: The Weekly Ledger

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High Yield Financials

The Weekly Ledger

Industry Overview

Summary of significant developments in the Financial Services sector for the 15 June 2026

week ended June 11, 2026. High Yield Credit

AmericasMarket Commentary

Best and Worst Performers

News Summary Ryan Shelley

ICE BofA High Yield Indices/OAS for BDC, Insurance, and Financials Indices ResearchBofAS Analyst

High Yield Financials Earnings Calendar +1 646 855 8283

ryan.shelley@bofa.com

Trading – Financials Bond Price Changes and Returns

Relative Value Tables EvanResearchSilviaAnalyst

BofAS

High Yield Financials Market Commentary +1evan.silvia@bofa.com646 855 6708

The HY Financial Services sector underperformed the broader market this week,

returning -0.2% vs. 0.0% for the ICE BofA US HY Index. As of June 11, the Financials

Services sector was trading at a YTW of 7.0% and STW of 283bps versus the HY Index

at a YTW of 7.1% and STW of 298bps.

The top performing financials bonds this past week were Midcap Financial Issuer Trust’s

5.625% senior notes ‘30, Pagaya U.S. Holdings’ 8.875% senior notes ‘30, and Rocket

Mortgage LLC’s 2.875% senior notes ’26. Ten-year treasury yields were down 2bps

week over week. The worst performing bonds this past week were UWM Holdings LLC’s

6.250% senior notes ’31, UWM Holdings LLC’s 6.625% senior notes ’30, and Acrisure

LLC’s 6.000% senior notes ’29.

News Summary Highlights – AMWINS, RKT, SLM

News from the week ended June 11th includes:

Amwins Group Inc (AMWINS) – Joined A$7.7 billion ($5.38 billion) takeover proposal

consortium for Steadfast Group (SDF AU); Acquiring underwriting agency business

Bread Financial Holdings Inc. (BFH) – Provided May 2026 performance update