High Yield Corporate Bond Market Summary – Week Ending 10/1/21
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High Yield Corporate Bond Market Summary: Week Ending 10/1/21
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 9/24/21 – 10/1/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | DB 3 2/23/2035 | 3.00% | 02/23/35 | 21.61% | 84.31 | 69.33 |
| 2 | FTHDGR 15 12/18/2021 | 15.00% | 12/18/21 | 19.51% | 67.56 | 56.53 |
| 3 | CHFOTN 9 7/31/2021 | 9.00% | 07/31/21 | 18.44% | 42.08 | 35.53 |
| 4 | MOBYIT 7.75 2/15/2023 | 7.75% | 02/15/23 | 16.35% | 52.47 | 45.10 |
| 5 | ENDP 6 2/1/2025 | 6.00% | 02/01/25 | 10.17% | 72.42 | 65.74 |
| 6 | NATCIN 5.75 8/15/2026 | 5.75% | 08/15/26 | 7.38% | 82.27 | 76.62 |
| 7 | SRILAN 5.75 1/18/2022 | 5.75% | 01/18/22 | 7.23% | 90.15 | 84.07 |
| 8 | EXLINT 10 7/15/2023 144A | 10.00% | 07/15/23 | 5.38% | 78.36 | 74.35 |
| 9 | ZION 5.8 PERP | 4.87% | 12/29/49 | 5.27% | 109.28 | 103.81 |
| 10 | RIG 7.25 11/1/2025 144A | 7.25% | 11/01/25 | 4.42% | 83.05 | 79.54 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 9/24/21 – 10/1/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | FTHDGR 11.75 4/17/2022 | 11.75% | 04/17/22 | -28.80% | 39.49 | 55.46 |
| 2 | SUNSHI 5.3 1/11/2022 | 5.30% | 01/11/22 | -13.18% | 82.44 | 94.96 |
| 3 | MNK 5.5 4/15/2025 | 5.50% | 04/15/25 | -12.74% | 50.97 | 58.41 |
| 4 | GRNLGR 6.75 9/26/2023 | 6.75% | 09/26/23 | -12.25% | 61.26 | 69.80 |
| 5 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | -10.88% | 25.76 | 28.90 |
| 6 | BAHAMA 6.95 11/20/2029 | 6.95% | 11/20/29 | -10.39% | 89.79 | 100.19 |
| 7 | AGGHOL 6.875 11/9/2025 | 6.88% | 11/09/25 | -10.06% | 77.48 | 86.15 |
| 8 | RONXIN 8.95 1/22/2023 | 8.95% | 01/22/23 | -9.23% | 73.84 | 81.35 |
| 9 | BBBY 5.165 8/1/2044 | 5.17% | 08/01/44 | -8.58% | 85.77 | 93.82 |
| 10 | CSCHCN 7.25 11/20/2022 | 7.25% | 11/20/22 | -8.52% | 64.16 | 70.13 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 9/24/21 – 10/1/21 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 9/24/21 – 10/1/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/24/21 vs. the week ending 10/1/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | STANLN 0 PERP | 0.41% | 11/29/49 | 16 | 104 | 88 | 550% |
| 2 | CLVTSC 3.875 6/30/2028 144A | 3.88% | 06/30/28 | 33 | 93 | 60 | 182% |
| 3 | CLNXSM 1 9/15/2027 | 1.00% | 09/15/27 | 115 | 172 | 57 | 50% |
| 4 | STX 4.091 6/1/2029 | 4.09% | 06/01/29 | 55 | 111 | 56 | 102% |
| 5 | SFRFP 7.375 5/1/2026 | 7.38% | 05/01/26 | 272 | 326 | 54 | 20% |
| 6 | WNC 5.5 10/1/2025 144A | 5.50% | 10/01/25 | 133 | 185 | 52 | 39% |
| 7 | LBCTNK 6.875 5/15/2023 | 6.88% | 05/15/23 | 78 | 128 | 50 | 64% |
| 8 | ECUA 1 7/31/2035 REGS | 1.00% | 07/31/35 | 162 | 210 | 48 | 30% |
| 9 | CHTR 5.05 3/30/2029 | 5.05% | 03/30/29 | 172 | 218 | 46 | 27% |
| 10 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 358 | 402 | 44 | 12% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 9/24/21 – 10/1/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 42 |
| 2 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 42 |
| 3 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | 41 |
| 4 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 40 |
| 5 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 40 |
| 6 | EVERRE 9.5 3/29/2024 | 9.50% | 03/29/24 | 40 |
| 7 | EVERRE 11.5 1/22/2023 | 11.50% | 01/22/23 | 40 |
| 8 | EVERRE 12 1/22/2024 | 12.00% | 01/22/24 | 40 |
| 9 | SFRFP 7.375 5/1/2026 | 7.38% | 05/01/26 | 39 |
| 10 | COIN 3.625 10/1/2031 144A | 3.63% | 10/01/31 | 39 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between v 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 9/24/21 – 10/1/21
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