Corporates
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
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
Stay up-to-date with weekly summaries.
