Report published May 11, 2026
Piper Sandler Debt Capital Markets Update: May 11, 2026
Piper Sandler · May 11, 2026
The Piper Sandler weekly update highlights a robust high-yield bond market with $12.8 billion in new issues last week and a 90.6% increase in year-to-date volume. Leveraged loan activity remains stable but slightly lower than 2025 levels, with mixed yield movements across credit segments.
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Finvaulta summarizes Piper Sandler's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The high-yield market remains active with 19 bonds priced last week totaling $12.8 billion, bringing YTD volume to $102.7 billion.
- 2.Yields for B2/B rated secondary leveraged loans decreased 7 bps to 8.05%, while high-yield bond yields increased 10 bps to 6.60%.
- 3.High-yield issuance is up 90.6% year-over-year by volume, while leveraged loan volume has seen a slight decline of 5.6%.
Table of Contents
- Loan & Bond Yields and Volume
- DEBT CAPITAL MARKETS CONTACTS
- Market Commentary
- New High Yield Bond Issues (1)
- New Leveraged Loan Launches (1)
- New Investment Grade Bond Issues (1)
- Total Debt Volume
- Benchmark Yields
Report data
LEVERAGED LOAN & HY VOLUME
| Metric | Estimate | Context |
|---|---|---|
| Secondary High-Yield Bond Yield (B2/B) | 6.60% | increased 10 bps from previous week |
| Secondary Leveraged Loan Yield (B2/B) | 8.05% | decreased 7 bps from previous week |
| 10 Year US Treasury Yield | 4.38% | decreased 1.0 bps from previous week |
Reports in this series
Debt Capital Markets Update is shown in chronological order through this edition, published on May 11, 2026.
Part of the Debt Capital Markets Update series — view all 8 editions
Looking for the latest edition? dcm100526 (Oct 5, 2026)
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