Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 12/13/24

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

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 12/6/24 – 12/13/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 TSE 5.125 4/1/2029 REGS 5.13% 04/01/29 18.39% 61.86 52.25 17
2 NWDEVL 4.8 PERP 4.80% NULL 12.45% 41.42 36.84 19
3 TELSAT 6.5 10/15/2027 144A 6.50% 10/15/27 8.22% 42.38 39.16 23
4 TOTALP 6.375 9/20/2028 REGS 6.38% 09/20/28 7.89% 75.46 69.94 15
5 ROADKG 5.125 1/26/2030 5.13% 01/26/30 6.98% 40.40 37.76 14
6 RESLIF 8.25 7/17/2031 8.25% 07/17/31 6.49% 110.93 104.18 12
7 ASSPAR 7.5 2/15/2032 144A 7.50% 02/15/32 6.22% 108.03 101.70 20
8 NFE 8.75 3/15/2029 144A 8.75% 03/15/29 4.21% 87.88 84.32 24
9 LNZING 5.25 5/15/2029 REGS 5.25% 05/15/29 4.18% 82.50 79.18 19
10 ARGENT 3.875 7/9/2035 3.88% 07/09/35 3.81% 60.04 57.84 15

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 12/6/24 – 12/13/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 SELNSW 10 7/1/2026 REGS 10.00% 07/01/26 -9.98% 50.03 55.57 8
2 BALY 5.875 9/1/2031 144A 5.88% 09/01/31 -4.78% 65.23 68.50 22
3 ALNMED 10.5 2/15/2028 10.50% 02/15/28 -4.39% 35.37 37.00 12
4 BHCCN 5.25 1/30/2030 144A 5.25% 01/30/30 -4.24% 54.84 57.26 17
5 EXC 2.75 9/1/2051 2.75% 09/01/51 -4.09% 61.44 64.07 16
6 HTZ 5 12/1/2029 144A 5.00% 12/01/29 -3.93% 69.65 72.49 26
7 UNVMIA 4.063 4/1/2052 4.06% 04/01/52 -3.89% 81.57 84.87 3
8 NINE 13 2/1/2028 13.00% 02/01/28 -3.70% 70.80 73.52 13
9 AFFGAM 6.875 12/15/2027 144A 6.88% 12/15/27 -3.63% 76.12 78.99 21
10 GTN 4.75 10/15/2030 144A 4.75% 10/15/30 -3.57% 58.14 60.30 30

Avg Industry Price

Displays the HY Corp average industry price by sector between 12/6/24 – 12/13/24

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 12/6/24 – 12/13/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/6/24 vs. the week ending 12/13/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 UBS 7 PERP 7.00% NULL 37 158 148 1480%
2 SANTAN 8 PERP 7.41% NULL 36 150 94 168%
3 SANTAN 9.625 PERP 9.63% 11/21/99 36 110 83 307%
4 BACR 6.125 PERP 6.13% NULL 35 215 76 55%
5 NWG 8 PERP 8.00% NULL 35 150 75 100%
6 INTNED 5.75 PERP 5.75% NULL 35 164 74 82%
7 MXCN 5.25 12/15/2029 5.25% 12/15/29 34 175 71 68%
8 DB 7.5 PERP 7.50% NULL 34 151 68 82%
9 INTNED 3.875 PERP 3.88% NULL 34 245 64 35%
10 INTNED 4.25 PERP 4.25% NULL 34 86 61 244%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 12/6/24 – 12/13/24

RANK TRANCHE COUPON MATURITY DEALERS
1 UBS 7 PERP 7.00% NULL 36
2 INTNED 6.5 PERP 6.50% NULL 35
3 SANTAN 9.625 PERP 9.63% 11/21/99 35
4 SANTAN 8 PERP 7.41% NULL 34
5 INTNED 5.75 PERP 5.75% NULL 34
6 BACR 6.125 PERP 6.13% NULL 34
7 TMUS 5.05 7/15/2033 5.05% 07/15/33 34
8 F 5.303 9/6/2029 5.30% 09/06/29 34
9 NWG 8 PERP 8.00% NULL 34
10 INTNED 3.875 PERP 3.88% NULL 33

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 12/6/24 – 12/13/24

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