High Yield Financials: The Weekly Ledger

研报英文原文证据摘录

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 23 June 2026

week ended June 22, 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 outperformed the broader market this week, returning

-0.1% vs. -0.2% for the ICE BofA US HY Index. As of June 22, the Financials Services

sector was trading at a YTW of 6.8% and STW of 258bps versus the HY Index at a YTW

of 7.1% and STW of 283bps.

The top performing financials bonds this past week were Prospect Capital Corp.’s

3.437% senior notes ’28, Republic Finance’s 7.875% senior notes ’30, Burford Capital

Global Finance’s 9.250% senior notes ’31, Navient Corp.’s 7.875% senior notes ’32, and

APH Somerset Investor LLC’s 7.875% senior notes ’29. Ten-year treasury yields were up

4bps week over week. The worst performing bonds this past week were Acrisure LLC’s

6.750% secured notes ’32, Acrisure LLC’s 8.250% senior notes ’29, Planet Financial

Group’s 10.500% senior notes ’29, Howden U.K. Refinance LLC’s 7.250% secured notes

’31, and Acrisure LLC’s 7.500% secured notes ’30.

News Summary Highlights – ARI, BWIN, FSK, OPI

News from the week ended June 22nd includes:

Apollo Commercial Real Estate Finance Inc. (ARI) – Called 4.625% secured notes