Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 11/5/21

Our newsletter presents key trends derived from observable 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 10/29/21 – 11/5/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 MNK 5.625 10/15/2023 5.63% 10/15/23 22.40% 53.96 44.08
2 MTROLN 5.5 6/26/2028 5.50% 06/26/28 19.25% 75.60 63.39
3 TZA 8.25 8/9/2024 8.25% 08/09/24 15.33% 71.11 61.66
4 EVERRE 9.5 4/11/2022 9.50% 04/11/22 12.32% 29.63 26.38
5 ENDP 5.375 1/15/2023 5.38% 01/15/23 10.42% 81.59 73.89
6 MONTE 8.5 9/10/2030 8.50% 09/10/30 10.38% 87.23 79.02
7 CFWCN 10.875 3/15/2026 144A 10.88% 03/15/26 8.89% 88.13 80.93
8 AIRM 8 5/15/2025 8.00% 05/15/25 8.87% 83.88 77.04
9 KAISAG 11.95 11/12/2023 11.95% 11/12/23 7.95% 30.91 28.63
10 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 6.91% 70.00 65.48

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/29/21 – 11/5/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CAPG 7.95 2/19/2023 7.95% 02/19/23 -31.59% 32.00 46.77
2 ZHPRHK 7.1 9/10/2024 7.10% 09/10/24 -31.18% 48.68 70.74
3 YUZHOU 7.7 2/20/2025 7.70% 02/20/25 -31.13% 33.79 49.07
4 AGILE 6.875 PERP 6.88% 03/07/99 -25.97% 43.95 59.37
5 TPHL 6.2 3/22/2026 6.20% 03/22/26 -22.63% 59.87 77.38
6 CHINSC 7 5/2/2025 7.00% 05/02/25 -22.41% 62.82 80.97
7 SUNAC 6.5 1/10/2025 6.50% 01/10/25 -20.98% 56.25 71.18
8 KWGPRO 5.875 11/10/2024 5.88% 11/10/24 -18.33% 64.07 78.45
9 FTLNHD 4.5 5/2/2026 4.50% 05/02/26 -17.28% 70.80 85.58
10 PWRLNG 5.95 4/30/2025 5.95% 04/30/25 -15.37% 76.44 90.32

Avg Industry Price

Displays the HY Corp average industry price by sector between 10/29/21 – 11/5/21

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 10/29/21 – 11/5/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/29/21 vs. the week ending 11/5/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BUENOS 3.9 9/1/2037 REGS 3.90% 09/01/37 43 186 143 333%
2 NAVI 5.5 6/15/2029 5.50% 06/15/29 10 125 115 1150%
3 YANGOG 12 3/19/2024 12.00% 03/19/24 34 96 62 182%
4 APG 4.75 10/15/2029 144A 4.75% 10/15/29 70 120 50 71%
5 MOH 5.375 11/15/2022 5.38% 11/15/22 240 287 47 20%
6 BUENOS 2.5 9/1/2037 REGS 2.50% 09/01/37 24 70 46 192%
7 PDCE 6.25 12/1/2025 6.25% 12/01/25 105 148 43 41%
8 MICBAK 8.75 3/1/2023 8.75% 03/01/23 93 134 41 44%
9 NFLX 4.875 6/15/2030 144A 4.88% 06/15/30 285 324 39 14%
10 MEDCIJ 7.375 5/14/2026 REGS 7.38% 05/14/26 191 229 38 20%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 10/29/21 – 11/5/21

RANK TRANCHE COUPON MATURITY DEALERS
1 UNIT 7.125 12/15/2024 7.13% 12/15/24 41
2 LW 4.875 11/1/2026 4.88% 11/01/26 37
3 LW 4.625 11/1/2024 4.63% 11/01/24 37
4 EVERRE 11.5 1/22/2023 11.50% 01/22/23 36
5 CCL 11.5 4/1/2023 144A 11.50% 04/01/23 36
6 F 4.75 1/15/2043 4.75% 01/15/43 36
7 RRR 5 10/1/2025 144A 5.00% 10/01/25 36
8 EVERRE 8.25 3/23/2022 8.25% 03/23/22 36
9 PETBRA 5.6 1/3/2031 5.60% 01/03/31 36
10 BLL 5 3/15/2022 5.00% 03/15/22 36

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 10/29/21 – 11/5/21

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 10/29/21 – 11/5/21

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