Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 12/23/22

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

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Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 12/16/22 – 12/23/22

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 PRTY FLT 7/15/2025 144A 10.19% 07/15/25 27.47% 26.52 20.81 15
2 AMC 5.875 11/15/2026 5.88% 11/15/26 16.33% 27.40 23.56 17
3 MGMTGE 8.85 2/8/2024 REGS 8.85% 02/08/24 11.18% 71.08 63.93 14
4 IMGCN 5.75 10/15/2028 144A 5.75% 10/15/28 9.63% 75.61 68.97 23
5 GHANA 8.95 3/26/2051 REGS 8.95% 03/26/51 7.68% 34.80 32.31 16
6 CORURI 10 2/10/2027 REGS 10.00% 02/10/27 7.59% 79.43 73.82 11
7 CIFIHG 5.85 8/19/2023 5.85% 08/19/23 7.29% 27.37 25.51 8
8 SCCPWR 8 12/31/2028 REGS 8.00% 12/31/28 7.08% 35.40 33.06 5
9 CANHEA 6.25 10/1/2028 144A 6.25% 10/01/28 7.03% 57.22 53.46 16
10 LNDPT 6.125 4/1/2028 144A 6.13% 04/01/28 5.82% 57.01 53.88 19

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 12/16/22 – 12/23/22

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 WEWORK 7.875 5/1/2025 144A 7.88% 05/01/25 -20.49% 36.90 46.41 19
2 ATALIA 6.625 5/15/2025 144A 6.63% 05/15/25 -19.77% 67.45 84.08 12
3 RADIAT 6.5 9/15/2028 144A 6.50% 09/15/28 -15.66% 41.96 49.75 16
4 LINTA 8.5 7/15/2029 8.50% 07/15/29 -9.81% 49.41 54.78 15
5 CHINSC 7 5/2/2025 7.00% 05/02/25 -8.53% 38.48 42.07 17
6 ACPROD 6.375 5/15/2029 144A 6.38% 05/15/29 -7.78% 57.39 62.23 19
7 TKCHOL 10.5 5/15/2029 144A 10.50% 05/15/29 -7.71% 59.36 64.31 15
8 GOLLBZ 8 6/30/2026 REGS 8.00% 06/30/26 -7.46% 58.98 63.74 19
9 RAD 7.7 2/15/2027 7.70% 02/15/27 -7.22% 40.23 43.37 20
10 CYH 6.875 4/15/2029 144A 6.88% 04/15/29 -6.50% 53.30 57.00 21

Avg Industry Price

Displays the HY Corp average industry price by sector between 12/16/22 – 12/23/22

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 12/16/22 – 12/23/22

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/16/22 vs. the week ending 12/23/22

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SALTA 8.5 12/1/2027 144A 8.50% 12/01/27 25 86 61 244%
2 BRADES 4.375 3/18/2027 4.38% 03/18/27 5 59 54 1080%
3 VARNO 7.5 1/15/2028 144A 7.50% 01/15/28 97 144 47 48%
4 STX 9.625 12/1/2032 REGS 9.63% 12/01/32 63 106 43 68%
5 MTNLN 9.5 1/31/2024 REGS 9.50% 01/31/24 73 114 41 56%
6 BCULC 4.375 1/15/2028 144A 4.38% 01/15/28 172 210 38 22%
7 GAMHOL 0 7/15/2028 0.00% 07/15/28 25 60 35 140%
8 PFLEID 0 4/15/2026 144A 6.80% 04/15/26 10 40 30 300%
9 FOUIHK FLT 5/21/2021 8.75% 05/21/21 30 58 28 93%
10 RRC 8.25 1/15/2029 8.25% 01/15/29 202 229 27 13%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 12/16/22 – 12/23/22

RANK TRANCHE COUPON MATURITY DEALERS
1 F 7.35 11/4/2027 7.35% 11/04/27 34
2 TIBX 6.5 3/31/2029 144A 6.50% 03/31/29 32
3 ET 5.75 2/15/2033 5.75% 02/15/33 32
4 GEHC 5.905 11/22/2032 144A 5.91% 11/22/32 32
5 MPEL 4.875 6/6/2025 4.88% 06/06/25 32
6 DVA 3.75 2/15/2031 REGS 3.75% 02/15/31 31
7 DISH 5 3/15/2023 5.00% 03/15/23 31
8 BHCCN 5.5 11/1/2025 144A 5.50% 11/01/25 30
9 MIK 5.25 5/1/2028 144A 5.25% 05/01/28 30
10 OKE 6.1 11/15/2032 6.10% 11/15/32 30

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 12/16/22 – 12/23/22

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