European High-Yield Quality Evolution

• Issuance in the European high-yield bond market is shifting toward higher-quality BB-rated credits and senior secured bonds

• Issuance in the 5-7-year segment has grown from 26% in 2015 to 70% in 2024-2025

• Issuance of 10+ years long-term bonds has almost vanished

Read in-depth insights in our Fixed Income Credit Markets – October 2025