High Yield Corporate Bond Market Summary – Week Ending 2/12/21
As colleges begin to waive GRE scores, GRTWST 9 9/30/2021 ranked as the top HY Corp 'Winner' two weeks in a row with a price of $100.02 last week.
As colleges begin to waive GRE scores, GRTWST 9 9/30/2021 ranked as the top HY Corp 'Winner' two weeks in a row with a price of $100.02 last week.
Energy: Electricity industry was the top Investment Grade Corp 'Loser' last week (0.63%) compared to -1.51% the week prior.
South Carolina was the top state 'Loser' with a yield of 1.42% last week.
The Energy: Oil & Gas had the highest industry price gain last week at 1.8% as oil prices continued to rise given pandemic optimism as vaccine roll outs continue.
EXXON MOBILE bonds represented four of the top five most Most Quoted IG Corp list last week, with 33+ dealers quoting each bond after the company announced 4Q20 earnings that beat expectations.
MIAMI-DADE COUNTY WTR SWR ranked as the Most Quoted Muni bond, quoted by 37 dealers.
MENS WEARHOUSE EXIT TL ranked as the top Loan 'Loser over the past week after it's price decreased $11.9% to $74.41 as the company struggles due to the pandemic and changing taste in the way men dress.
EXIMUK 9.75 1/22/2025 witnessed a surge in quote activity last week, up 70x to 148 quotes.
T 2.25 2/1/2032 has retained a spot on the Most Quoted IG Corp Bond list since the beginning of 2021, maintaining 30+ weekly unique dealer quotes.
The state of Arkansas ranked as the top State 'Winner' last week as 10yr yields decreased 51bps to 1.45%.