Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 8/16/24

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 Deal Information Banks Expected Issue Date
Brightspeed $1.865 billion senior secured notes Q3 2024

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 8/9/24 – 8/16/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 CUMINT 6.75 7/1/2026 144A 6.75% 07/01/26 24.03% 74.60 60.15 8
2 BID 5.875 6/1/2029 144A 5.88% 06/01/29 20.63% 87.25 72.33 20
3 CNECN 5.75 11/24/2028 REGS 5.75% 11/24/28 20.11% 56.68 47.19 3
4 TALKLN 3.875 2/20/2025 3.88% 02/20/25 14.32% 74.04 64.77 20
5 SFRFP 4 2/15/2028 REGS 4.00% 02/15/28 11.56% 30.46 27.30 19
6 IPHS 8.75 2/15/2026 144A 8.75% 02/15/26 10.22% 90.75 82.33 10
7 LVLT 3.625 1/15/2029 144A 3.63% 01/15/29 9.95% 60.75 55.25 25
8 NOVA 11.75 10/1/2028 144A 11.75% 10/01/28 8.74% 86.90 79.92 19
9 MIK 7.875 5/1/2029 144A 7.88% 05/01/29 7.36% 58.71 54.68 27
10 WDC 3 11/15/2028 3.00% 11/15/28 6.90% 141.16 132.05 6

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 8/9/24 – 8/16/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 HOME 7.125 5/12/2028 144A 7.13% 05/12/28 -19.70% 30.37 37.83 6
2 ACPROD 6.375 5/15/2029 144A 6.38% 05/15/29 -16.17% 46.50 55.47 18
3 GFMEGA 8.25 2/11/2025 REGS 8.25% 02/11/25 -15.84% 31.18 37.04 13
4 HILOHO 9.75 11/18/2024 144A 9.75% 11/18/24 -13.22% 49.67 57.23 13
5 SSP 5.375 1/15/2031 144A 5.38% 01/15/31 -10.86% 40.12 45.00 19
6 BOPREA 0 6/30/2025 0.00% 06/30/25 -8.70% 87.60 95.95 11
7 ROADKG 5.125 1/26/2030 5.13% 07/26/26 -5.87% 37.26 39.58 9
8 IHRT 5.25 8/15/2027 144A 5.25% 08/15/27 -5.65% 59.14 62.68 19
9 NFE 8.75 3/15/2029 144A 8.75% 03/15/29 -5.27% 84.79 89.51 21
10 LUMN 5.375 6/15/2029 144A 5.38% 06/15/29 -4.67% 47.82 50.17 15

Avg Industry Price

Displays the HY Corp average industry price by sector between 8/9/24 – 8/16/24

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 8/9/24 – 8/16/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 8/9/24 vs. the week ending 8/16/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ECUA 6.9 7/31/2030 144A 6.90% 07/31/30 66 177 111 168%
2 MLRHOM FLT 5/15/2028 REGS 0.00% 05/15/28 86 176 90 105%
3 UKRAIN FLT 8/1/2041 144A 0.00% 08/01/41 52 134 82 158%
4 ASSDLN 8.125 5/14/2030 REGS 8.13% 05/14/30 120 200 80 67%
5 SUMMPL 8.625 10/31/2029 144A 8.63% 10/31/29 129 205 76 59%
6 WEPAHY 5.625 1/15/2031 REGS 5.63% 01/15/31 85 159 74 87%
7 VIRIFP 7.75 4/1/2027 REGS 7.75% 04/01/27 126 189 63 50%
8 BLURAC 7 7/15/2029 144A 7.00% 07/15/29 155 215 60 39%
9 HCA 5.45 4/1/2031 5.45% 04/01/31 221 275 54 24%
10 LOARRE FLT 5/15/2029 144A 0.00% 05/15/29 2 50 48 2400%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 8/9/24 – 8/16/24

RANK TRANCHE COUPON MATURITY DEALERS
1 BACR 4.375 PERP 4.38% NULL 40
2 BACR 6.125 PERP 6.13% NULL 39
3 INTNED 3.875 PERP 3.88% NULL 38
4 BACR 9.625 PERP 9.63% 12/15/99 37
5 UBS 6.875 PERP 6.88% 12/29/49 36
6 INTNED 6.5 PERP 6.50% NULL 36
7 SOCGEN 8 PERP REGS 8.00% NULL 36
8 OXY 5.55 10/1/2034 5.55% 10/01/34 36
9 OXY 6.05 10/1/2054 6.05% 10/01/54 36
10 SANTAN 9.625 PERP 9.63% 11/21/99 36

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 8/9/24 – 8/16/24

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