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 06 July 2026

week ended July 1, 2026. High Yield Credit

AmericasMarket Commentary

Best and Worst Performers

News Summary Ryan Shelley

ICE BofA High Yield Indices ResearchBofAS Analyst

OAS for BDC, Insurance, and Financials Indices +1 646 855 8283

ryan.shelley@bofa.com

High Yield Financials Earnings Calendar

Trading – Financials Bond Price Changes and Returns EvanResearchSilviaAnalyst

Relative Value Tables BofAS

+1 646 855 6708

evan.silvia@bofa.com

High Yield Financials Market Commentary

The HY Financial Services sector performing in-line with the broader market this week,

returning 0.1% vs. 0.1% for the ICE BofA US HY Index. As of July 1, the Financials

Services sector was trading at a YTW of 6.9% and STW of 270bps versus the HY Index

at a YTW of 7.2% and STW of 292bps.

The top performing financials bonds this past week were Pagaya U.S. Holdings Co. LLC’s

8.875% senior notes ‘30, Compass Group Diversified Holdings LLC’s 5.000% senior

notes ’32, Midcap Financial Issuer Trust’s 5.625% senior notes ’30, Navient Corp’s

9.375% senior notes ’30, and PennyMac Financial Services Inc.’s 5.750% senior notes

’31. Ten-year treasury yields were up 10bps week over week. The worst performing

bonds this past week were Howden UK Refinance PLC’s 8.125% senior notes ’32,

Acrisure LLC’s 6.750% secured notes ’32, Acrisure LLC’s 8.500% senior notes ’29,

Asurion LLC’s 8.375% secured notes ’34, and Acrisure LLC’s 8.250% senior notes ’29.

News Summary Highlights – ABR, FSK, SLM

News from the week ended July 1st includes:

Arbor Realty Trust Inc.