Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 11/8/24

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

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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

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 11/1/24 – 11/8/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 BTSG 6.75 2/1/2027 6.75% 02/01/27 21.09% 68.40 56.49 7
2 CSCHLD 5 11/15/2031 5.00% 11/15/31 14.86% 56.11 48.85 21
3 IHRT 8.375 5/1/2027 8.38% 05/01/27 12.03% 59.01 52.67 18
4 UKRAIN 0 2/1/2036 REGS 0.00% 02/01/36 8.72% 52.35 48.15 20
5 METINV 7.75 10/17/2029 REGS 7.75% 10/17/29 8.71% 70.13 64.50 18
6 BHCCN 5 1/30/2028 144A 5.00% 01/30/28 8.26% 69.28 64.00 16
7 ARGENT 3.875 7/9/2035 3.88% 07/09/35 7.88% 54.22 50.26 13
8 DTEKUA 7 12/31/2027 7.00% 12/31/27 7.18% 58.50 54.59 16
9 LUMN 7.6 9/15/2039 7.60% 09/15/39 7.11% 78.10 72.92 18
10 LVLT 3.875 11/15/2029 144A 3.88% 11/15/29 6.39% 71.64 67.34 13

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 11/1/24 – 11/8/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 SELNSW 10 7/1/2026 144A 10.00% 07/01/26 -15.21% 75.93 89.55 11
2 SSP 5.875 7/15/2027 144A 5.88% 07/15/27 -13.44% 76.50 88.37 26
3 ROADKG 5.125 1/26/2030 5.13% 07/26/26 -12.39% 36.76 41.95 9
4 BOPREA 0 6/30/2025 0.00% 06/30/25 -11.84% 64.84 73.54 10
5 NOVA 11.75 10/1/2028 144A 11.75% 10/01/28 -9.37% 74.00 81.65 20
6 SBBBSS 2.875 PERP 2.88% NULL -9.27% 37.75 41.60 18
7 KEMONE 5.625 11/15/2028 REGS 5.63% 11/15/28 -7.20% 76.60 82.55 20
8 RADIAT 6.5 9/15/2028 144A 6.50% 09/15/28 -6.28% 64.51 68.83 17
9 DALWAN 11 2/13/2026 11.00% 02/13/26 -6.26% 78.60 83.85 17
10 MIK 7.875 5/1/2029 144A 7.88% 05/01/29 -5.11% 50.52 53.25 25

Avg Industry Price

Displays the HY Corp average industry price by sector between 11/1/24 – 11/8/24

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 11/1/24 – 11/8/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/1/24 vs. the week ending 11/8/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ARESSI 5.6 2/15/2030 REGS 5.60% 02/15/30 13 137 124 954%
2 CNR 9.5 8/15/2029 144A 9.50% 08/15/29 60 180 120 200%
3 THYELE 7.625 7/15/2028 144A 7.63% 07/15/28 143 197 54 38%
4 GCCN 4.875 11/1/2026 144A 4.88% 11/01/26 199 242 43 22%
5 AA 5.5 12/15/2027 144A 5.50% 12/15/27 135 175 40 30%
6 NWL 4 12/1/2024 4.00% 12/01/24 175 213 38 22%
7 PBRXIJ 7.625 12/31/2025 7.63% 12/31/25 39 77 38 97%
8 OPTICS 7.2 7/18/2036 144A 7.20% 07/18/36 30 59 29 97%
9 QVCN 6.875 4/15/2029 144A 6.88% 04/15/29 102 130 28 27%
10 PROGST 3.25 12/15/2024 REGS 3.25% 12/15/24 105 132 27 26%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 11/1/24 – 11/8/24

RANK TRANCHE COUPON MATURITY DEALERS
1 BACR 6.125 PERP 6.13% NULL 39
2 BACR 9.625 PERP 9.63% 12/15/99 38
3 SANTAN 9.625 PERP 9.63% 11/21/99 38
4 SANTAN 8 PERP 7.41% NULL 37
5 INTNED 5.75 PERP 5.75% NULL 37
6 UBS 6.875 PERP 6.88% 12/29/49 37
7 NWG 8 PERP 8.00% NULL 37
8 UBS 7 PERP 7.00% NULL 37
9 LLOYDS 6.75 PERP 6.75% NULL 36
10 NWG 6 PERP 6.00% NULL 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 11/1/24 – 11/8/24

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