High Yield Corporate Bond Market Summary – Week Ending 1/28/22
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High Yield Corporate Bond Market Summary: Week Ending 1/28/22
Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
Top 10 Winners
Showcases the top 10 HY Corp “winners” based on the largest bid price increases between 1/21/22 – 1/28/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | REDSUN 9.95 4/11/2022 | 9.95% | 04/11/22 | 33.96% | 66.90 | 49.94 |
| 2 | AGILE 5.75 1/2/2025 | 5.75% | 01/02/25 | 28.02% | 42.80 | 33.43 |
| 3 | KAISAG 11.25 4/9/2022 | 11.25% | 04/09/22 | 21.23% | 26.93 | 22.21 |
| 4 | CENCHI 7.25 4/24/2023 | 7.25% | 04/24/23 | 18.91% | 60.41 | 50.80 |
| 5 | YUZHOU 6 1/25/2022 | 6.00% | 01/25/22 | 17.17% | 27.82 | 23.74 |
| 6 | CSCHCN 11.95 2/9/2023 | 11.95% | 02/09/23 | 14.88% | 75.90 | 66.07 |
| 7 | MABLN 0 6/15/2036 | 2.64% | 06/15/36 | 12.99% | 93.46 | 82.71 |
| 8 | GRNLGR 5.9 2/12/2023 | 5.90% | 02/12/23 | 9.75% | 82.59 | 75.26 |
| 9 | RONXIN 10.5 3/1/2022 | 10.50% | 03/01/22 | 9.09% | 66.35 | 60.82 |
| 10 | ETHOPI 6.625 12/11/2024 REGS | 6.63% | 12/11/24 | 8.43% | 74.96 | 69.14 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/21/22 – 1/28/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CREAL 8 1/21/2028 REGS | 8.00% | 01/21/28 | -24.87% | 38.88 | 51.75 |
| 2 | UNIFIN 8.875 PERP REGS | 8.88% | 01/29/99 | -23.83% | 41.99 | 55.12 |
| 3 | GFMEGA 8.25 2/11/2025 REGS | 8.25% | 02/11/25 | -15.24% | 76.98 | 90.83 |
| 4 | GRNLGR 6.25 12/16/2022 | 6.25% | 12/16/22 | -12.84% | 82.35 | 94.48 |
| 5 | RONXIN 6.75 8/5/2024 | 6.75% | 08/05/24 | -12.65% | 25.36 | 29.04 |
| 6 | HPDLF 6.8 12/28/2023 | 6.80% | 12/28/23 | -11.72% | 83.35 | 94.42 |
| 7 | KWGPRO 7.875 9/1/2023 | 7.88% | 09/01/23 | -11.71% | 62.69 | 71.00 |
| 8 | TELSAT 6.5 10/15/2027 144A | 6.50% | 10/15/27 | -9.50% | 59.96 | 66.25 |
| 9 | SUNAC 6.5 1/10/2025 | 6.50% | 01/10/25 | -9.35% | 59.53 | 65.67 |
| 10 | TPHL 6.75 7/16/2023 | 6.75% | 07/16/23 | -9.08% | 50.86 | 55.94 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/21/22 – 1/28/22 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 1/21/22 – 1/28/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/21/22 vs. the week ending 1/28/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CCL 4 8/1/2028 REGS | 4.00% | 08/01/28 | 80 | 198 | 118 | 148% |
| 2 | NGGLN 3.586 1/18/2052 | 3.59% | 01/18/52 | 27 | 124 | 97 | 359% |
| 3 | CEMEX 5.125 PERP REGS | 5.13% | 09/08/99 | 113 | 197 | 84 | 74% |
| 4 | SFRFP 5.125 7/15/2029 REGS | 5.13% | 07/15/29 | 118 | 200 | 82 | 69% |
| 5 | LNZING 5.25 5/15/2029 144A | 5.25% | 05/15/29 | 16 | 89 | 73 | 456% |
| 6 | CCL 7.625 3/1/2026 144A | 7.63% | 03/01/26 | 216 | 285 | 69 | 32% |
| 7 | APG 4.75 10/15/2029 144A | 4.75% | 10/15/29 | 35 | 101 | 66 | 189% |
| 8 | NFLX 5.875 11/15/2028 | 5.88% | 11/15/28 | 277 | 343 | 66 | 24% |
| 9 | BIRKEN 5.25 4/30/2029 144A | 5.25% | 04/30/29 | 18 | 82 | 64 | 356% |
| 10 | OXDFLL 6.375 12/15/2022 | 6.38% | 12/15/22 | 110 | 174 | 64 | 58% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/21/22 – 1/28/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | F 2.3 2/10/2025 | 2.30% | 02/10/25 | 42 |
| 2 | ZIGGO 5.5 1/15/2027 | 5.50% | 01/15/27 | 40 |
| 3 | RRC 9.25 2/1/2026 | 9.25% | 02/01/26 | 40 |
| 4 | BBDBCN 7.875 4/15/2027 | 7.88% | 04/15/27 | 39 |
| 5 | DISH 5.875 11/15/2024 | 5.88% | 11/15/24 | 39 |
| 6 | NUGGET 6.75 10/15/2024 | 6.75% | 10/15/24 | 38 |
| 7 | DISH 5 3/15/2023 | 5.00% | 03/15/23 | 38 |
| 8 | RLGY 9.375 4/1/2027 144A | 9.38% | 04/01/27 | 38 |
| 9 | DISH 7.75 7/1/2026 | 7.75% | 07/01/26 | 38 |
| 10 | CYH 6.625 2/15/2025 144A | 6.63% | 02/15/25 | 38 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 1/21/22 – 1/28/22 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 1/21/22 – 1/28/22
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