High Yield Corporate Bond Market Summary – Week Ending 10/22/21
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High Yield Corporate Bond Market Summary: Week Ending 10/22/21
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 10/15/21 – 10/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | FTHDGR 9.875 10/19/2023 | 9.88% | 10/19/23 | 36.41% | 29.18 | 21.39 |
| 2 | GRNLGR 6.125 4/22/2023 | 6.13% | 04/22/23 | 33.20% | 64.10 | 48.12 |
| 3 | YUZHOU 6.35 1/13/2027 | 6.35% | 01/13/27 | 25.12% | 53.56 | 42.81 |
| 4 | CENCHI 7.9 11/7/2023 | 7.90% | 11/07/23 | 23.34% | 53.12 | 43.07 |
| 5 | ZHPRHK 7.1 9/10/2024 | 7.10% | 09/10/24 | 21.75% | 78.99 | 64.88 |
| 6 | HPDLF 7 5/18/2024 | 7.00% | 05/18/24 | 15.02% | 94.21 | 81.91 |
| 7 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 14.33% | 26.43 | 23.12 |
| 8 | TLN 6 12/15/2036 | 6.00% | 12/15/36 | 12.84% | 48.37 | 42.86 |
| 9 | GZRFPR 11.625 9/3/2024 | 11.63% | 09/03/24 | 12.37% | 57.76 | 51.40 |
| 10 | HPDLF 6.8 12/28/2023 | 6.80% | 12/28/23 | 11.30% | 94.73 | 85.11 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/15/21 – 10/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | KAISAG 11.5 1/30/2023 | 11.50% | 01/30/23 | -22.17% | 33.25 | 42.73 |
| 2 | SUNSHI 8.25 11/25/2023 | 8.25% | 11/25/23 | -15.38% | 35.44 | 41.88 |
| 3 | MONTE 10.5 7/23/2029 | 10.50% | 07/23/29 | -11.77% | 97.37 | 110.35 |
| 4 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -9.72% | 31.90 | 35.34 |
| 5 | CAPG 6.35 2/8/2024 | 6.35% | 02/08/24 | -9.17% | 58.31 | 64.20 |
| 6 | EVHC 8.75 10/15/2026 144A | 8.75% | 10/15/26 | -7.62% | 66.49 | 71.97 |
| 7 | GHANA 0 4/7/2025 REGS | 0.00% | 04/07/25 | -7.13% | 69.30 | 74.62 |
| 8 | PETBRA 5.5 6/10/2051 | 5.50% | 06/10/51 | -7.03% | 87.11 | 93.70 |
| 9 | AIRM 8 5/15/2025 | 8.00% | 05/15/25 | -6.71% | 79.94 | 85.69 |
| 10 | INTEL 9.75 7/15/2025 REGS | 9.75% | 07/15/25 | -6.52% | 50.81 | 54.36 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/15/21 – 10/22/21 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 10/15/21 – 10/22/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/15/21 vs. the week ending 10/22/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | FTHDGR 14.5 6/25/2024 | 14.50% | 06/25/24 | 68 | 246 | 178 | 262% |
| 2 | FTHDGR 7.375 10/4/2021 | 7.38% | 10/04/21 | 243 | 312 | 69 | 28% |
| 3 | FTHDGR 11.75 4/17/2022 | 11.75% | 04/17/22 | 243 | 309 | 66 | 27% |
| 4 | FTHDGR 15 12/18/2021 | 15.00% | 12/18/21 | 254 | 316 | 62 | 24% |
| 5 | NWL 4 6/15/2022 | 4.00% | 06/15/22 | 165 | 225 | 60 | 36% |
| 6 | FTHDGR 7.95 7/5/2022 | 7.95% | 07/05/22 | 266 | 324 | 58 | 22% |
| 7 | FTHDGR 6.95 12/17/2021 | 6.95% | 12/17/21 | 264 | 320 | 56 | 21% |
| 8 | MU 4.663 2/15/2030 | 4.66% | 02/15/30 | 185 | 236 | 51 | 28% |
| 9 | SBAC 4.875 9/1/2024 | 4.88% | 09/01/24 | 279 | 327 | 48 | 17% |
| 10 | LW 4.875 11/1/2026 | 4.88% | 11/01/26 | 249 | 294 | 45 | 18% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/15/21 – 10/22/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 46 |
| 2 | EVERRE 10.5 4/11/2024 | 10.50% | 04/11/24 | 39 |
| 3 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 39 |
| 4 | RRR 5 10/1/2025 144A | 5.00% | 10/01/25 | 38 |
| 5 | BLL 5 3/15/2022 | 5.00% | 03/15/22 | 38 |
| 6 | X 6.25 3/15/2026 | 6.25% | 03/15/26 | 38 |
| 7 | EVERRE 9.5 3/29/2024 | 9.50% | 03/29/24 | 38 |
| 8 | SFRFP 7.375 5/1/2026 | 7.38% | 05/01/26 | 38 |
| 9 | CCL 11.5 4/1/2023 144A | 11.50% | 04/01/23 | 38 |
| 10 | CGPHLC 5.25 10/15/2025 144A | 5.25% | 10/15/25 | 37 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 10/15/21 – 10/22/21 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 10/15/21 – 10/22/21
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