Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 1/22/21

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

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Top 10 Winners

Showcases the top 10 HY Corp “winners” based on the largest bid price increases between 1/15/21 – 1/22/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 AMC 12 6/15/2026 144A 12.00% 06/15/26 33.55% 37.37 27.99
2 DOUGR 8.75 7/15/2023 8.75% 07/15/23 25.25% 83.05 66.31
3 SPN 7.125 12/15/2021 7.13% 12/15/21 24.54% 38.77 31.13
4 GMLP 0 11/15/2022 8.32% 11/15/22 22.28% 99.04 81.00
5 SPN 7.75 9/15/2024 7.75% 09/15/24 21.86% 38.70 31.76
6 ATHCN 9.875 2/24/2022 9.88% 02/24/22 20.69% 51.04 42.29
7 NGL 7.5 11/1/2023 7.50% 11/01/23 17.61% 92.10 78.31
8 BTU 6.375 3/31/2025 6.38% 03/31/25 12.72% 65.28 57.91
9 SRIRJK 6.875 3/27/2024 6.88% 03/27/24 10.69% 91.71 82.85
10 CYH 6.875 4/1/2028 144A 6.88% 04/01/28 10.32% 89.13 80.79

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/15/21 – 1/22/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CHFOTN 8.75 9/28/2022 8.75% 09/28/22 -30.25% 51.80 74.26
2 YESTAR 6.9 9/15/2021 6.90% 09/15/21 -10.35% 45.16 50.38
3 ECUA 0.5 7/31/2030 REGS 6.16% 07/31/30 -7.23% 53.80 57.99
4 DOFSQ 4.875 11/1/2043 4.88% 11/01/43 -6.86% 18.33 19.68
5 MDLNIJ 10.75 8/30/2021 10.75% 08/30/21 -6.42% 30.22 32.29
6 BGG 6.875 12/15/2020 6.88% 12/15/20 -5.59% 7.81 8.28
7 YPFDAR 8.5 7/28/2025 8.50% 07/28/25 -5.35% 77.43 81.81
8 MUR 5.875 12/1/2027 5.88% 12/01/27 -5.29% 94.83 100.13
9 NEUQUE 7.5 4/27/2025 7.50% 04/27/25 -4.99% 59.00 62.10
10 OXY 4.625 6/15/2045 4.63% 06/15/45 -4.26% 88.81 92.76

Avg Industry Price

Displays the HY Corp average industry price by sector between 1/15/21 – 1/22/21

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 1/15/21 – 1/22/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/15/21 vs. the week ending 1/22/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 AMC 5.875 11/15/2026 5.88% 11/15/26 74 195 121 164%
2 SBPLLC 6.375 9/30/2026 6.38% 09/30/26 3 122 119 3967%
3 BACR 6.125 10/25/2029 6.13% 10/25/29 4 101 97 2425%
4 CHTR 4.5 2/1/2024 4.50% 02/01/24 59 148 89 151%
5 AKBNK 6.797 4/27/2028 REGS 6.80% 04/27/28 64 147 83 130%
6 FTR 8.875 9/15/2020 8.88% 09/15/20 25 100 75 300%
7 RLTAIN 8.875 7/24/2019 8.88% 07/24/19 18 90 72 400%
8 MCGMCG 8 11/30/2024 8.00% 11/30/24 2 68 66 3300%
9 ASRIIJ 6.25 11/2/2025 6.25% 11/02/25 44 110 66 150%
10 MERC 6.5 2/1/2024 6.50% 02/01/24 153 211 58 38%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 1/15/21 – 1/22/21

RANK TRANCHE COUPON MATURITY DEALERS
1 JBSSBZ 5.75 6/15/2025 5.75% 06/15/25 37
2 AR 5.125 12/1/2022 5.13% 12/01/22 34
3 TDG 6.5 7/15/2024 6.50% 07/15/24 34
4 NGLS 5.125 2/1/2025 5.13% 02/01/25 33
5 CBSOAM 5.625 2/15/2024 5.63% 02/15/24 33
6 PETBRA 8.75 5/23/2026 8.75% 05/23/26 33
7 LVLT 5.375 1/15/2024 5.38% 01/15/24 33
8 LAMR 5.75 2/1/2026 5.75% 02/01/26 32
9 PETBRA 6.85 6/5/2015 6.85% 06/05/15 31
10 PETBRA 7.375 1/17/2027 7.38% 01/17/27 31

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 1/15/21 – 1/22/21

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 1/15/21 – 1/22/21

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