Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 10/30/20

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 10/23/20 – 10/30/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 MCGHLL 7.875 5/15/2024 7.88% 05/15/24 21.51% 74.67 61.45
2 CVECN 4.45 9/15/2042 4.45% 09/15/42 21.26% 85.57 70.57
3 GALCLD 6.5 9/15/2024 REGS 6.50% 09/15/24 11.62% 66.52 59.59
4 ASTONM 6.5 4/15/2022 6.50% 04/15/22 11.51% 100.26 89.90
5 ASRIIJ 11.5 4/22/2021 11.50% 04/22/21 10.77% 90.78 81.95
6 CONSEN 6.5 5/15/2026 REGS 6.50% 05/15/26 3.24% 91.88 89.00
7 CYH 6.875 4/1/2028 144A 6.88% 04/01/28 3.22% 50.05 48.49
8 KENINT 8.25 2/28/2048 REGS 8.25% 02/28/48 2.95% 101.91 98.99
9 IVYCST 6.625 3/22/2048 REGS 6.63% 03/22/48 2.83% 94.17 91.58
10 ETP 5.15 2/1/2043 5.15% 02/01/43 2.82% 93.60 91.03

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/23/20 – 10/30/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PBFENE 7.25 6/15/2025 7.25% 06/15/25 -26.44% 41.46 56.36
2 PBFX 6.875 5/15/2023 6.88% 05/15/23 -11.49% 78.19 88.34
3 MSSCRK 7.5 1/15/2026 144A 7.50% 01/15/26 -11.41% 49.61 56.00
4 AMC 10.5 4/15/2025 144A 10.50% 04/15/25 -11.34% 53.16 59.95
5 YPFDAR 7 12/15/2047 REGS 7.00% 12/15/47 -9.81% 49.79 55.20
6 GEO 5.875 10/15/2024 5.88% 10/15/24 -8.66% 69.33 75.91
7 AAL 5 6/1/2022 144A 5.00% 06/01/22 -8.37% 65.46 71.44
8 OXY 3.5 8/15/2029 3.50% 08/15/29 -7.33% 72.29 78.01
9 DOUGR 6.25 7/15/2022 6.25% 07/15/22 -7.07% 83.04 89.36
10 SRILAN 6.825 7/18/2026 6.83% 07/18/26 -6.96% 54.67 58.76

Avg Industry Price

Displays the HY Corp average industry price by sector between 10/23/20 – 10/30/20

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 10/23/20 – 10/30/20

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/23/20 vs. the week ending 10/30/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 VEDLN 8 4/23/2023 144A 8.00% 04/23/23 46 240 194 422%
2 LAMR 4 2/15/2030 4.00% 02/15/30 122 210 88 72%
3 VEDLN 8.25 6/7/2021 8.25% 06/07/21 222 280 58 26%
4 BNP 6.75 PERP 6.75% 12/29/49 201 255 54 27%
5 MGM 4.75 10/15/2028 4.75% 10/15/28 152 204 52 34%
6 NLOK 2 8/15/2022 2.00% 08/15/22 6 50 44 733%
7 MIICF 6 3/15/2025 6.00% 03/15/25 164 206 42 26%
8 MAXN 6.5 7/15/2025 6.50% 07/15/25 2 40 38 1900%
9 PRO 2.25 9/15/2027 2.25% 09/15/27 6 42 36 600%
10 KOANO 5 7/15/2025 REGS 5.00% 07/15/25 104 140 36 35%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 10/23/20 – 10/30/20

RANK TRANCHE COUPON MATURITY DEALERS
1 F 8.5 4/21/2023 8.50% 04/21/23 34
2 ROLLS 5.75 10/15/2027 REGS 5.75% 10/15/27 33
3 PETBRA 8.75 5/23/2026 8.75% 05/23/26 33
4 PETBRA 6.875 1/20/2040 6.88% 01/20/40 33
5 PETBRA 5.999 1/27/2028 6.00% 01/27/28 33
6 PETBRA 5.75 2/1/2029 5.75% 02/01/29 32
7 PETBRA 7.375 1/17/2027 7.38% 01/17/27 32
8 PETBRA 5.625 5/20/2043 5.63% 05/20/43 32
9 DSPORT 5.375 8/15/2026 144A 5.38% 08/15/26 32
10 PETBRA 6.85 6/5/2015 6.85% 06/05/15 32

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 10/23/20 – 10/30/20

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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