Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 12/16/22
Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
Forward Calendar
The following are lists of upcoming high-yield corporate bond offerings in the United States
| ISSUER | ISSUE INFORMATION | BROKER DEALER | EXPECTED ISSUE DATE |
| N/A | N/A | N/A | N/A |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 12/9/22 – 12/16/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CENCHI 7.25 4/24/2023 | 7.25% | 04/24/23 | 48.11% | 42.50 | 28.70 | 19 |
| 2 | CHINSC 7 5/2/2025 | 7.00% | 05/02/25 | 33.36% | 42.07 | 31.55 | 18 |
| 3 | KWGPRO 6.3 2/13/2026 | 6.30% | 02/13/26 | 21.23% | 38.38 | 31.66 | 17 |
| 4 | MIK 7.875 5/1/2029 144A | 7.88% | 05/01/29 | 16.98% | 67.89 | 58.03 | 29 |
| 5 | PWRLNG 4 7/14/2023 | 4.00% | 07/14/23 | 16.78% | 34.58 | 29.61 | 10 |
| 6 | NEWLSQ 15.5 11/1/2023 144A | 15.50% | 11/01/23 | 16.73% | 33.39 | 28.60 | 13 |
| 7 | CVNA 10.25 5/1/2030 144A | 10.25% | 05/01/30 | 12.38% | 49.04 | 43.64 | 28 |
| 8 | CIFIHG 5.5 1/23/2023 | 5.50% | 01/23/23 | 11.42% | 32.70 | 29.35 | 22 |
| 9 | BHCCN 5.25 2/15/2031 | 5.25% | 02/15/31 | 9.73% | 49.86 | 45.44 | 27 |
| 10 | HKJHCC 7.5 1/28/2022 | 7.50% | 01/28/22 | 9.71% | 40.43 | 36.85 | 8 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 12/9/22 – 12/16/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | PRTY 8.75 2/15/2026 144A | 8.75% | 02/15/26 | -25.21% | 27.02 | 36.13 | 28 |
| 2 | USRENA 10.625 7/15/2027 144A | 10.63% | 07/15/27 | -24.83% | 29.47 | 39.21 | 15 |
| 3 | AVYA 6.125 9/15/2028 144A | 6.13% | 09/15/28 | -22.18% | 34.04 | 43.75 | 13 |
| 4 | CISN 9.5 2/15/2028 144A | 9.50% | 02/15/28 | -16.44% | 39.52 | 47.30 | 11 |
| 5 | FIAMER 7.875 11/15/2025 144A | 7.88% | 11/15/25 | -13.86% | 51.28 | 59.54 | 17 |
| 6 | INTLGR 6.125 4/1/2029 144A | 6.13% | 04/01/29 | -11.02% | 30.04 | 33.76 | 11 |
| 7 | CREDVA 8.875 2/7/2025 REGS | 8.88% | 02/07/25 | -10.73% | 25.94 | 29.06 | 11 |
| 8 | GOLLBZ 7 1/31/2025 REGS | 7.00% | 01/31/25 | -10.42% | 44.10 | 49.24 | 20 |
| 9 | RAD 7.7 2/15/2027 | 7.70% | 02/15/27 | -10.05% | 43.37 | 48.21 | 23 |
| 10 | LINTA 8.25 2/1/2030 | 8.25% | 02/01/30 | -9.00% | 47.26 | 51.94 | 15 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/09/22 – 12/16/22
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Sentiment
Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 12/9/22 – 12/16/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/9/22 vs. the week ending 12/16/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | PRTY FLT 7/15/2025 144A | 10.16% | 07/15/25 | 40 | 136 | 96 | 240% |
| 2 | COFP FLT PERP | 3.72% | 01/29/49 | 70 | 152 | 82 | 117% |
| 3 | LHMCFI FLT 9/30/2025 REGS | 5.49% | 09/30/25 | 70 | 141 | 71 | 101% |
| 4 | NWGLOV FLT 11/1/2026 REGS | 6.11% | 11/01/26 | 60 | 126 | 66 | 110% |
| 5 | TRIVIU 3.75 8/15/2026 REGS | 3.75% | 08/15/26 | 123 | 184 | 61 | 50% |
| 6 | NVFVES FLT 6/15/2025 REGS | 6.36% | 06/15/25 | 60 | 121 | 61 | 102% |
| 7 | GAMHOL 7.558 7/15/2027 REGS | 7.56% | 07/15/27 | 80 | 141 | 61 | 76% |
| 8 | ADRBID 0 2/1/2029 REGS | 6.74% | 02/01/29 | 60 | 120 | 60 | 100% |
| 9 | DAVLLO FLT 6/15/2027 REGS | 6.61% | 06/15/27 | 60 | 120 | 60 | 100% |
| 10 | FIREBC FLT 9/30/2024 REGS | 6.61% | 09/30/24 | 80 | 140 | 60 | 75% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/9/22 – 12/16/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | F 7.35 11/4/2027 | 7.35% | 11/04/27 | 34 |
| 2 | MAT 3.15 3/15/2023 | 3.15% | 03/15/23 | 32 |
| 3 | TIBX 6.5 3/31/2029 144A | 6.50% | 03/31/29 | 32 |
| 4 | MEDIND 5.25 10/1/2029 144A | 5.25% | 10/01/29 | 31 |
| 5 | DVA 3.75 2/15/2031 REGS | 3.75% | 02/15/31 | 31 |
| 6 | BHCCN 5.5 11/1/2025 144A | 5.50% | 11/01/25 | 31 |
| 7 | MGM 6 3/15/2023 | 6.00% | 03/15/23 | 31 |
| 8 | OKE 6.1 11/15/2032 | 6.10% | 11/15/32 | 31 |
| 9 | CAR 5.75 7/15/2027 144A | 5.75% | 07/15/27 | 31 |
| 10 | TTMTIN 5.625 2/1/2023 | 5.63% | 02/01/23 | 31 |
Bid-Offer Spread by Industry
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/9/22 – 12/16/22
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