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High Yield Corporate Bond Market Summary:
Week Ending 10/11/24
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 | Q4 2024 | |
| Rise Baking Co. | $650 million senior secured notes | BofA | Q4 2024 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 10/4/24 – 10/11/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | TITANI 6.25 1/14/2031 | 6.25% | 01/14/31 | 8.46% | 35.01 | 32.28 | 8 |
| 2 | ARGENT 4.125 7/9/2035 | 4.13% | 07/09/35 | 7.77% | 52.52 | 48.74 | 26 |
| 3 | BUENOS 5.5 9/1/2037 REGS | 2.50% | 09/01/37 | 7.68% | 47.50 | 44.11 | 4 |
| 4 | CSCHLD 4.625 12/1/2030 144A | 4.63% | 12/01/30 | 6.92% | 54.98 | 51.42 | 22 |
| 5 | SFRFP 4 7/15/2029 REGS | 4.00% | 07/15/29 | 6.58% | 74.50 | 69.90 | 18 |
| 6 | BRNKGR 2.25 9/22/2026 | 2.25% | 09/22/26 | 4.55% | 57.51 | 55.00 | 16 |
| 7 | ARGBON 0.75 7/9/2030 | 0.75% | 07/09/30 | 4.25% | 59.70 | 57.27 | 13 |
| 8 | GABON 7 11/24/2031 REGS | 7.00% | 11/24/31 | 3.96% | 80.60 | 77.54 | 14 |
| 9 | PDLLN 9.75 3/8/2026 REGS | 9.75% | 03/08/26 | 3.84% | 77.33 | 74.47 | 13 |
| 10 | BOPREA 3 5/31/2026 | 3.00% | 05/31/26 | 3.41% | 88.10 | 85.19 | 13 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 10/4/24 – 10/11/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | SFRFP 6 2/15/2028 REGS | 6.00% | 02/15/28 | -8.55% | 27.96 | 30.57 | 17 |
| 2 | DISH 7.375 7/1/2028 | 7.38% | 07/01/28 | -5.78% | 71.27 | 75.64 | 22 |
| 3 | ATLNSA 10.375 1/30/2030 144A | 10.38% | 01/30/30 | -4.30% | 85.29 | 89.13 | 15 |
| 4 | NOVA 11.75 10/1/2028 144A | 11.75% | 10/01/28 | -4.29% | 90.17 | 94.21 | 19 |
| 5 | ECUA 0 7/31/2030 REGS | 0.00% | 07/31/30 | -3.55% | 54.38 | 56.39 | 22 |
| 6 | MPW 4.625 8/1/2029 | 4.63% | 08/01/29 | -3.47% | 78.19 | 81.00 | 22 |
| 7 | UNANA 5.6 10/15/2097 | 5.60% | 10/15/97 | -3.34% | 85.37 | 88.32 | 5 |
| 8 | DALWAN 11 1/20/2025 | 11.00% | 01/20/25 | -3.28% | 93.61 | 96.78 | 16 |
| 9 | BRASKM 5.875 1/31/2050 REGS | 5.88% | 01/31/50 | -3.23% | 75.53 | 78.04 | 23 |
| 10 | TEVA 4.1 10/1/2046 | 4.10% | 10/01/46 | -3.21% | 71.83 | 74.21 | 22 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/4/24 – 10/11/24
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 10/4/24 – 10/11/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/4/24 vs. the week ending 10/11/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | JWN 4.25 8/1/2031 144A | 4.25% | 08/01/31 | 26 | 124 | 98 | 377% |
| 2 | SMG 4 4/1/2031 144A | 4.00% | 04/01/31 | 38 | 135 | 97 | 255% |
| 3 | SMYREA 6 11/1/2028 144A | 6.00% | 11/01/28 | 107 | 188 | 81 | 76% |
| 4 | FEDRIG 10 5/31/2029 REGS | 10.00% | 05/31/29 | 65 | 141 | 76 | 117% |
| 5 | SPMIM 4.875 5/30/2030 | 4.88% | 05/30/30 | 104 | 174 | 70 | 67% |
| 6 | CHTR 2.3 2/1/2032 | 2.30% | 02/01/32 | 216 | 286 | 70 | 32% |
| 7 | ASTONM 10.375 3/31/2029 | 10.38% | 03/31/29 | 10 | 72 | 62 | 620% |
| 8 | TITIM 2.375 10/12/2027 | 2.38% | 10/12/27 | 154 | 215 | 61 | 40% |
| 9 | SBPLLC 6.375 9/30/2026 144A | 6.38% | 09/30/26 | 79 | 138 | 59 | 75% |
| 10 | TITIM 1.625 1/18/2029 | 1.63% | 01/18/29 | 151 | 210 | 59 | 39% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/4/24 – 10/11/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 38 |
| 2 | BACR 6.125 PERP | 6.13% | NULL | 38 |
| 3 | LLOYDS 6.75 PERP | 6.75% | NULL | 38 |
| 4 | TMUS 5.05 7/15/2033 | 5.05% | 07/15/33 | 37 |
| 5 | SANTAN 8 PERP | 7.41% | NULL | 36 |
| 6 | BNP 4.625 PERP REGS | 4.63% | NULL | 36 |
| 7 | F 5.125 11/5/2026 | 5.13% | 11/05/26 | 36 |
| 8 | TMUS 5.15 4/15/2034 | 5.15% | 04/15/34 | 36 |
| 9 | INTNED 5.75 PERP | 5.75% | NULL | 36 |
| 10 | BACR 9.625 PERP | 9.63% | 12/15/99 | 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 10/4/24 – 10/11/24
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