Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 1/29/21
Our newsletter presents key trends derived from observable High Yield 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 1/22/21 – 1/29/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | AMC 5.75 6/15/2025 | 5.75% | 06/15/25 | 103.60% | 49.69 | 24.41 |
| 2 | WEWORK 7.875 5/1/2025 144A | 7.88% | 05/01/25 | 17.73% | 88.19 | 74.91 |
| 3 | HTZ 7.125 8/1/2026 144A | 7.13% | 08/01/26 | 16.06% | 62.42 | 53.79 |
| 4 | ELSALV 7.1246 1/20/2050 REGS | 7.12% | 01/20/50 | 9.15% | 91.86 | 84.16 |
| 5 | KMEAGR 6.75 2/1/2023 REGS | 6.75% | 02/01/23 | 7.56% | 89.13 | 82.87 |
| 6 | VRI 8.75 4/15/2023 144A | 8.75% | 04/15/23 | 7.47% | 92.83 | 86.38 |
| 7 | DOUGR 8.75 7/15/2023 | 8.75% | 07/15/23 | 7.35% | 89.15 | 83.05 |
| 8 | AERMEX 7 2/5/2025 REGS | 7.00% | 02/05/25 | 7.32% | 40.80 | 38.02 |
| 9 | YPFDAR 8.5 3/23/2025 REGS | 8.50% | 03/23/25 | 7.07% | 82.44 | 77.00 |
| 10 | DTEKUA 10.75 12/31/2024 | 10.75% | 12/31/24 | 6.58% | 67.12 | 62.97 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/22/21 – 1/29/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | -13.77% | 56.29 | 65.28 |
| 2 | GEO 5.875 10/15/2024 | 5.88% | 10/15/24 | -9.96% | 75.04 | 83.34 |
| 3 | PBRXIJ 7.625 1/26/2022 | 7.63% | 01/26/22 | -9.80% | 50.80 | 56.32 |
| 4 | LPI 9.5 1/15/2025 | 9.50% | 01/15/25 | -7.50% | 86.79 | 93.83 |
| 5 | DSPORT 5.375 8/15/2026 144A | 5.38% | 08/15/26 | -7.08% | 81.14 | 87.33 |
| 6 | TLWLN 7 3/1/2025 REGS | 7.00% | 03/01/25 | -6.29% | 66.43 | 70.88 |
| 7 | NINE 8.75 11/1/2023 144A | 8.75% | 11/01/23 | -6.22% | 41.43 | 44.17 |
| 8 | CXW 4.75 10/15/2027 | 4.75% | 10/15/27 | -5.98% | 79.91 | 85.00 |
| 9 | RIG 7.5 4/15/2031 | 7.50% | 04/15/31 | -5.43% | 39.83 | 42.11 |
| 10 | OII 6 2/1/2028 | 6.00% | 02/01/28 | -5.43% | 93.13 | 98.47 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/22/21 – 1/29/21
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 1/22/21 – 1/29/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/22/21 vs. the week ending 1/29/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | DISH 7.75 7/1/2026 | 7.75% | 07/01/26 | 118 | 272 | 154 | 131% |
| 2 | EXIMUK 9.75 1/22/2025 | 9.75% | 01/22/25 | 2 | 148 | 146 | 7300% |
| 3 | VAC 4.75 1/15/2028 | 4.75% | 01/15/28 | 15 | 121 | 106 | 707% |
| 4 | TSKBTI 7.625 3/29/2027 | 7.63% | 03/29/27 | 29 | 134 | 105 | 362% |
| 5 | DISH 6.75 6/1/2021 | 6.75% | 06/01/21 | 167 | 269 | 102 | 61% |
| 6 | DISH 5.875 7/15/2022 | 5.88% | 07/15/22 | 173 | 269 | 96 | 55% |
| 7 | ISCTR 7 6/29/2028 REGS | 7.00% | 06/29/28 | 37 | 126 | 89 | 241% |
| 8 | VAKBN 8 11/1/2027 | 8.00% | 11/01/27 | 40 | 126 | 86 | 215% |
| 9 | BOCYCY 9.25 1/19/2027 EMTN | 9.25% | 01/19/27 | 52 | 130 | 78 | 150% |
| 10 | ISCTR 7.85 12/10/2023 | 7.85% | 12/10/23 | 39 | 116 | 77 | 197% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/22/21 – 1/29/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | JBSSBZ 5.75 6/15/2025 | 5.75% | 06/15/25 | 38 |
| 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 | 34 |
| 5 | LVLT 5.375 1/15/2024 | 5.38% | 01/15/24 | 33 |
| 6 | CBSOAM 5.625 2/15/2024 | 5.63% | 02/15/24 | 33 |
| 7 | AMCX 4.75 12/15/2022 | 4.75% | 12/15/22 | 33 |
| 8 | LAMR 5.75 2/1/2026 | 5.75% | 02/01/26 | 32 |
| 9 | SBAC 4 10/1/2022 | 4.00% | 10/01/22 | 32 |
| 10 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 32 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 1/22/21 – 1/29/21
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 1/22/21 – 1/29/21
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