Report published May 18, 2026
Piper Sandler Debt Capital Markets Update: Weekly Analysis (May 18, 2026)
Piper Sandler · May 18, 2026
Piper Sandler's weekly DCM update highlights a busy week of $4.7 billion in high-yield bond pricing and $11.3 billion in leveraged loan launches. While investment grade volume is up significantly year-over-year, secondary high-yield yields saw a 19 bps increase.
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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.High-yield bond issuance remains robust with $4.7 billion priced across eight deals last week, bringing year-to-date volume to $107.4 billion.
- 2.The leveraged loan market saw significant activity with 15 transactions launched last week totaling $11.3 billion.
- 3.Secondary market yields for B2/B rated high-yield bonds increased by 19 bps to 6.79%, while leveraged loan yields decreased slightly to 8.03%.
Table of Contents
- Loan & Bond Yields and Volume
- DEBT CAPITAL MARKETS CONTACTS
- Market Commentary
- New High Yield Bond Issues
- New Leveraged Loan Launches
- New Investment Grade Bond Issues
- Total Debt Volume
- Benchmark Yields
Report data
Total Debt Volume
| Metric | Estimate | Context |
|---|---|---|
| Year-to-Date High-Yield Bond Issuance | 107,389 $MM | Aggregate volume of new money issues rated Ba1/BB+ or lower. |
| Secondary High-Yield Bond Yield | 6.79% | Yield for B2/B rated secondary high-yield bond market. |
Reports in this series
Debt Capital Markets Update is shown in chronological order through this edition, published on May 19, 2026.
Part of the Debt Capital Markets Update series — view all 8 editions
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