The definitive guide to the high-yield bond market

A high-yield bond is a debt security issued by a corporation with a lower-than-investment grade rating. Get answers to questions about high-yield bonds from our primer below.

PitchBook | LCD news & analysis

News from the leveraged loan markets—as well as the high-yield bond, direct lending, distressed debt, and bankruptcy sectors—produced by our team of experienced journalists and analysts.

High-Yield Bond Trends
High-Yield Bond Volume
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New-issue Clearing Yield (%)
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Average Bid/Price of Bonds
In Morningstar US High-Yield Bond Index
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OAS Morningstar US High-Yield Bond Index
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HY C2 New-issue clearing yield (3).png
HY C3 Average bond price (1).png
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PitchBook | LCD news & insights

With timely news and proprietary analytics, PitchBook | LCD provides news and technicals for the US and European leveraged loans, high-yield bond, and private debt markets. Plug into the liquid and illiquid debt finance space with some of our complimentary stories on originations, downgrades, and other market-level trends.

Our High-Yield Bond Primer details the high-yield bond market

What is a high-yield bond? Our free online primer is the definitive guide to the asset class. It covers high yield use of proceeds, issuer types, the investor universe, bond structures, covenants, bond math, registration, and everything in between.

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