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.

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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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