Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 10/4/24
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 | |
| Petsafe | $775 million senior secured notes | UBS | Q3 2024 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 9/27/24 – 10/4/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | RFLB 7.75 9/16/2026 | 7.75% | 09/16/26 | 38.28% | 41.50 | 30.01 | 2 |
| 2 | ROADKG 5.125 1/26/2030 | 5.13% | 07/26/26 | 35.81% | 46.98 | 34.59 | 8 |
| 3 | FRAX 7.5 9/30/2029 144A | 7.50% | 09/30/29 | 27.31% | 56.50 | 44.38 | 17 |
| 4 | SATS 6.625 8/1/2026 | 6.63% | 08/01/26 | 21.65% | 87.00 | 71.51 | 21 |
| 5 | TITANI 6.25 1/14/2031 | 6.25% | 01/14/31 | 20.31% | 32.28 | 26.83 | 8 |
| 6 | LOGPH 7.5 8/25/2022 | 7.50% | 08/25/22 | 16.95% | 9.21 | 7.88 | 7 |
| 7 | NFE 6.5 9/30/2026 144A | 6.50% | 09/30/26 | 15.13% | 91.76 | 79.70 | 25 |
| 8 | PWRLNG 5.95 4/30/2025 | 5.95% | 04/30/25 | 13.87% | 8.82 | 7.75 | 15 |
| 9 | MODV 5 10/1/2029 144A | 5.00% | 10/01/29 | 13.02% | 67.87 | 60.05 | 23 |
| 10 | ANACAP FLT 7/15/2030 144A | 8.25% | 07/15/30 | 12.22% | 45.05 | 40.14 | 2 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 9/27/24 – 10/4/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | BOPREA 0 6/30/2025 | 0.00% | 06/30/25 | -10.42% | 73.19 | 81.70 | 12 |
| 2 | STPRAU 6.25 4/30/2026 REGS | 6.25% | 04/30/26 | -7.91% | 72.29 | 78.50 | 16 |
| 3 | KIKCN 10.75 6/30/2032 144A | 10.75% | 06/30/32 | -6.96% | 95.14 | 102.25 | 20 |
| 4 | HLF 4.875 6/1/2029 144A | 4.88% | 06/01/29 | -4.98% | 61.23 | 64.44 | 26 |
| 5 | ATLNSA 10.375 1/30/2030 REGS | 10.38% | 01/30/30 | -4.63% | 88.98 | 93.30 | 11 |
| 6 | GLOBAU 8.75 1/15/2032 | 8.75% | 01/15/32 | -4.44% | 92.28 | 96.57 | 21 |
| 7 | ENOIGA 8.5 9/30/2033 | 8.50% | 09/30/33 | -4.32% | 90.44 | 94.53 | 17 |
| 8 | ASTONM 10.375 3/31/2029 | 10.38% | 03/31/29 | -4.19% | 97.14 | 101.39 | 28 |
| 9 | CYH 6.125 4/1/2030 144A | 6.13% | 04/01/30 | -3.36% | 82.87 | 85.75 | 21 |
| 10 | PIFKSA 5.125 2/14/2053 | 5.13% | 02/14/53 | -3.35% | 88.28 | 91.34 | 23 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 9/27/24 – 10/4/24
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 9/27/24 – 10/4/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/27/24 vs. the week ending 10/4/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | SOLEIN 7.25 6/15/2031 | 7.25% | 06/15/31 | 90 | 200 | 110 | 122% |
| 2 | UVN 8.5 7/31/2031 144A | 8.50% | 07/31/31 | 55 | 136 | 81 | 147% |
| 3 | MBGGR 3.5 8/3/2025 REGS | 3.50% | 08/03/25 | 67 | 114 | 47 | 70% |
| 4 | KIKCN 8.25 6/30/2031 144A | 8.25% | 06/30/31 | 135 | 179 | 44 | 33% |
| 5 | FTAI 9.75 8/1/2027 144A | 9.75% | 08/01/27 | 170 | 213 | 43 | 25% |
| 6 | TITIM 2.375 10/12/2027 | 2.38% | 10/12/27 | 112 | 154 | 42 | 38% |
| 7 | PLAY 7.625 11/1/2025 144A | 7.63% | 11/01/25 | 201 | 242 | 41 | 20% |
| 8 | TITIM 1.625 1/18/2029 | 1.63% | 01/18/29 | 110 | 151 | 41 | 37% |
| 9 | LABL 6.75 7/15/2026 144A | 6.75% | 07/15/26 | 234 | 275 | 41 | 18% |
| 10 | TITIM 5.25 3/17/2055 | 5.25% | 03/17/55 | 105 | 144 | 39 | 37% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 9/27/24 – 10/4/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | LLOYDS 6.75 PERP | 6.75% | NULL | 38 |
| 2 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 38 |
| 3 | BACR 6.125 PERP | 6.13% | NULL | 37 |
| 4 | F 5.125 11/5/2026 | 5.13% | 11/05/26 | 37 |
| 5 | SANTAN 8 PERP | 7.41% | NULL | 36 |
| 6 | BNP 4.625 PERP REGS | 4.63% | NULL | 36 |
| 7 | INTNED 5.75 PERP | 5.75% | NULL | 36 |
| 8 | BACR 4.375 PERP | 4.38% | NULL | 35 |
| 9 | INTNED 4.25 PERP | 4.25% | NULL | 35 |
| 10 | LLOYDS 7.5 PERP | 7.50% | NULL | 35 |
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 9/27/24 – 10/4/24
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