Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 11/13/20

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 11/6/20 – 11/13/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 REV 6.25 8/1/2024 6.25% 08/01/24 128.53% 27.88 12.20
2 AMC 10.5 4/15/2025 144A 10.50% 04/15/25 24.95% 68.69 54.98
3 LPI 10.125 1/15/2028 10.13% 01/15/28 20.15% 58.57 48.75
4 NCLH 3.625 12/15/2024 144A 3.63% 12/15/24 18.39% 84.85 71.67
5 VIKCRU 6.25 5/15/2025 6.25% 05/15/25 15.58% 92.54 80.06
6 AAL 3.75 3/1/2025 144A 3.75% 03/01/25 15.20% 57.11 49.58
7 NOVBNC 0 7/13/2043 0.00% 07/13/43 14.98% 31.21 27.15
8 MASAIN 0 9/15/2024 REGS 4.73% 09/15/24 14.77% 88.52 77.12
9 MSSCRK 7.5 1/15/2026 144A 7.50% 01/15/26 14.32% 58.43 51.11
10 COTY 6.5 4/15/2026 144A 6.50% 04/15/26 13.64% 93.26 82.07

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/6/20 – 11/13/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 MBI 5.7 12/1/2034 5.70% 12/01/34 -14.21% 71.30 83.12
2 GTT 7.875 12/31/2024 7.88% 12/31/24 -12.44% 41.70 47.63
3 BTU 6.375 3/31/2025 6.38% 03/31/25 -10.98% 25.56 28.71
4 BHIP 0 11/7/2022 REGS 35.81% 11/07/22 -10.52% 93.94 104.99
5 NBR 5.1 9/15/2023 5.10% 09/15/23 -6.59% 44.48 47.62
6 SNAGRP 7.5 9/11/2021 7.50% 09/11/21 -5.94% 87.82 93.37
7 SHLFDI 8.25 2/15/2025 144A 8.25% 02/15/25 -5.48% 36.59 38.71
8 TAPTRA 4.375 6/23/2023 4.38% 06/23/23 -5.35% 81.36 85.96
9 MLTPLN 5.75 11/1/2028 144A 5.75% 11/01/28 -5.23% 94.66 99.88
10 GUINNE 2 4/22/2055 2.00% 04/22/55 -3.87% 102.43 106.55

Avg Industry Price

Displays the HY Corp average industry price by sector between 11/6/20 – 11/13/20

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 11/6/20 – 11/13/20

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/6/20 vs. the week ending 11/13/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 LAMR 3.75 2/15/2028 3.75% 02/15/28 36 187 151 419%
2 RIG 11.5 1/30/2027 11.50% 01/30/27 75 182 107 143%
3 CHCOCH 3.7 11/15/2029 3.70% 11/15/29 19 107 88 463%
4 FREMOR 7.625 5/1/2026 144A 7.63% 05/01/26 66 154 88 133%
5 USIMIT 6.375 PERP 6.38% 10/27/99 52 137 85 163%
6 SDHMK 6.9965 3/12/2025 7.00% 03/12/25 18 95 77 428%
7 AKUCN 7 11/1/2025 144A 7.00% 11/01/25 5 59 54 1080%
8 AVP 5 3/15/2023 7.00% 03/15/23 47 97 50 106%
9 AXTA 4.875 8/15/2024 4.88% 08/15/24 163 198 35 21%
10 MOH 4.875 6/15/2025 144A 4.88% 06/15/25 181 214 33 18%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 11/6/20 – 11/13/20

RANK TRANCHE COUPON MATURITY DEALERS
1 PETBRA 5.999 1/27/2028 6.00% 01/27/28 34
2 ROLLS 5.75 10/15/2027 REGS 5.75% 10/15/27 33
3 PETBRA 6.85 6/5/2015 6.85% 06/05/15 33
4 PETBRA 6.875 1/20/2040 6.88% 01/20/40 33
5 PETBRA 8.75 5/23/2026 8.75% 05/23/26 32
6 PETBRA 5.75 2/1/2029 5.75% 02/01/29 32
7 PETBRA 5.625 5/20/2043 5.63% 05/20/43 32
8 AR 5.375 11/1/2021 5.38% 11/01/21 32
9 PETBRA 7.375 1/17/2027 7.38% 01/17/27 31
10 DSPORT 5.375 8/15/2026 144A 5.38% 08/15/26 31

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 11/6/20 – 11/13/20

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 11/6/20 – 11/13/20

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