High Yield Corporate Bond Market Summary – Week Ending 11/19/21
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High Yield Corporate Bond Market Summary: Week Ending 11/19/21
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 11/12/21 – 11/19/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | KAISAG 11.65 6/1/2026 | 11.65% | 06/01/26 | 34.65% | 38.87 | 28.87 |
| 2 | SUNSHI 8.25 11/25/2023 | 8.25% | 11/25/23 | 34.59% | 31.14 | 23.14 |
| 3 | RONXIN 10.5 3/1/2022 | 10.50% | 03/01/22 | 33.84% | 68.83 | 51.43 |
| 4 | ZHPRHK 8.35 3/10/2024 | 8.35% | 03/10/24 | 26.87% | 68.50 | 53.99 |
| 5 | CENCHI 7.25 4/24/2023 | 7.25% | 04/24/23 | 20.29% | 67.42 | 56.05 |
| 6 | GRNLGR 6.125 4/22/2023 | 6.13% | 04/22/23 | 19.96% | 79.32 | 66.12 |
| 7 | GZRFPR 8.625 2/27/2024 | 8.63% | 02/27/24 | 17.97% | 55.23 | 46.82 |
| 8 | ZHLGHD 8.5 5/19/2022 | 8.50% | 05/19/22 | 16.36% | 70.07 | 60.21 |
| 9 | AGILE 7.75 PERP | 7.75% | 11/25/99 | 13.75% | 64.61 | 56.80 |
| 10 | CHINSC 7 5/2/2025 | 7.00% | 05/02/25 | 10.17% | 82.88 | 75.23 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/12/21 – 11/19/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | YUZHOU 8.5 2/4/2023 | 8.50% | 02/04/23 | -21.59% | 45.39 | 57.89 |
| 2 | TPCG 10.5 8/1/2024 144A | 10.50% | 08/01/24 | -19.99% | 68.18 | 85.22 |
| 3 | RISSUN 8.95 1/18/2022 | 8.95% | 01/18/22 | -18.36% | 41.64 | 51.00 |
| 4 | DSPORT 5.375 8/15/2026 144A | 5.38% | 08/15/26 | -16.98% | 46.86 | 56.45 |
| 5 | LVGEM 12 3/10/2023 | 12.00% | 03/10/23 | -15.98% | 71.06 | 84.57 |
| 6 | CAPG 5.88 3/1/2027 | 5.88% | 03/01/27 | -15.85% | 30.11 | 35.78 |
| 7 | MTROLN 5.5 6/26/2028 | 5.50% | 06/26/28 | -10.42% | 66.86 | 74.64 |
| 8 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | -8.94% | 63.50 | 69.74 |
| 9 | FTHDGR 14.5 6/25/2024 | 14.50% | 06/25/24 | -8.18% | 27.21 | 29.64 |
| 10 | RIG 7.5 1/15/2026 144A | 7.50% | 01/15/26 | -7.16% | 73.12 | 78.76 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/12/21 – 11/19/21 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 11/12/21 – 11/19/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/12/21 vs. the week ending 11/19/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | GRNLGR 5.75 9/26/2022 | 5.75% | 09/26/22 | 14 | 127 | 113 | 807% |
| 2 | OI 4.75 2/15/2030 REGS | 4.75% | 02/15/30 | 92 | 200 | 108 | 117% |
| 3 | BBWI 6.625 10/1/2030 144A | 6.63% | 10/01/30 | 65 | 172 | 107 | 165% |
| 4 | BBWI 7.5 6/15/2029 | 7.50% | 06/15/29 | 74 | 178 | 104 | 141% |
| 5 | BBWI 5.25 2/1/2028 | 5.25% | 02/01/28 | 60 | 163 | 103 | 172% |
| 6 | BBWI 6.75 7/1/2036 | 6.75% | 07/01/36 | 64 | 167 | 103 | 161% |
| 7 | LB 7.6 7/15/2037 | 7.60% | 07/15/37 | 45 | 142 | 97 | 216% |
| 8 | BBWI 6.694 1/15/2027 | 6.69% | 01/15/27 | 23 | 118 | 95 | 413% |
| 9 | BBWI 6.95 3/1/2033 | 6.95% | 03/01/33 | 76 | 159 | 83 | 109% |
| 10 | LB 6.875 11/1/2035 | 6.88% | 11/01/35 | 93 | 173 | 80 | 86% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/12/21 – 11/19/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | F 3.25 2/12/2032 | 3.25% | 02/12/32 | 39 |
| 2 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 36 |
| 3 | EVERRE 9.5 3/29/2024 | 9.50% | 03/29/24 | 35 |
| 4 | OTCCN 5.875 6/1/2026 | 5.88% | 06/01/26 | 35 |
| 5 | KAISAG 9.375 6/30/2024 | 9.38% | 06/30/24 | 35 |
| 6 | KAISAG 6.5 12/7/2021 | 6.50% | 12/07/21 | 35 |
| 7 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 35 |
| 8 | FCX 3.55 3/1/2022 | 3.55% | 03/01/22 | 35 |
| 9 | GNW 4.9 8/15/2023 | 4.90% | 08/15/23 | 35 |
| 10 | F 9 4/22/2025 | 9.00% | 04/22/25 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 11/12/21 – 11/19/21 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 11/12/21 – 11/19/21
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