Piper Sandler
June 1, 2026
Debt Capital Markets Update
Weekly UpdateRates CreditRates Govt BondsFinancialsEnergy
The Piper Sandler report details a busy week in debt markets with $14.3 billion in combined HY bond and leveraged loan volume. While HY bond yields tightened significantly by 29 bps, both asset classes continue to see fund outflows.
Key Takeaways
- 1.High-yield bond yields for B2/B rated issues saw a significant weekly decrease of 29 bps, ending at 6.44%.
- 2.Investment Grade bond volume shows robust year-over-year growth, up 31% in dollar terms compared to 2025 YTD.
- 3.Both loan and high-yield funds experienced continued outflows this week, contributing to YTD outflows of $4.2 billion and $5.0 billion respectively.
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
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Authors
Len SheerAmrit AgrawalJames Chiarelli
Securities
GSBORRMCK10 yr UST
Themes
Divergence between Bond and Loan VolumesTightening High-Yield Spreads
Regions
North AmericaUnited StatesCanadaAustralia
