Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 11/6/20

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 10/30/20 – 11/6/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 22.28% 47.94 39.20
2 REV 5.75 2/15/2021 5.75% 02/15/21 19.11% 36.27 30.45
3 PBFENE 7.25 6/15/2025 7.25% 06/15/25 16.11% 48.13 41.46
4 CPE 6.375 7/1/2026 6.38% 07/01/26 13.26% 26.86 23.72
5 RYAM 5.5 6/1/2024 144A 5.50% 06/01/24 12.60% 79.64 70.73
6 CVI 5.25 2/15/2025 5.25% 02/15/25 12.24% 82.33 73.35
7 YPFDAR 7 12/15/2047 REGS 7.00% 12/15/47 11.75% 55.64 49.79
8 BONCER 2 11/9/2026 2.00% 11/09/26 11.71% 77.44 69.32
9 LPI 9.5 1/15/2025 9.50% 01/15/25 11.29% 52.70 47.35
10 SM 5 1/15/2024 5.00% 01/15/24 11.13% 53.52 48.16

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/30/20 – 11/6/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 NGL 6.125 3/1/2025 6.13% 03/01/25 -10.23% 46.50 51.81
2 NAVIRA 0 11/15/2024 REGS 3.73% 11/15/24 -10.17% 45.63 50.80
3 TZA 8.25 8/9/2024 8.25% 08/09/24 -9.96% 54.88 60.95
4 NATCIN 5.875 4/15/2028 144A 5.88% 04/15/28 -8.25% 63.73 69.46
5 FINDEP 8 7/19/2024 REGS 8.00% 07/19/24 -5.34% 65.87 69.58
6 BCGBK 6.75 3/15/2023 6.75% 03/15/23 -3.54% 26.93 27.92
7 HTZ 6 1/15/2028 144A 6.00% 01/15/28 -3.40% 38.55 39.91
8 ETHOPI 6.625 12/11/2024 6.63% 12/11/24 -2.93% 97.77 100.73
9 CXW 4.625 5/1/2023 4.63% 05/01/23 -2.75% 89.23 91.76
10 CNICLN 0 7/3/2023 6.48% 07/03/23 -2.15% 102.50 104.75

Avg Industry Price

Displays the HY Corp average industry price by sector between 10/30/20 – 11/6/20

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 10/30/20 – 11/6/20

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/30/20 vs. the week ending 11/6/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 FOUR 4.625 11/1/2026 144A 4.63% 11/01/26 74 135 61 82%
2 PVH 4.625 7/10/2025 4.63% 07/10/25 26 74 48 185%
3 PACD 11 4/1/2024 144A 11.00% 04/01/24 129 170 41 32%
4 LAMEBZ 4.75 10/20/2030 REGS 4.75% 10/20/30 140 180 40 29%
5 RIG 7.35 12/15/2041 7.35% 12/15/41 164 204 40 24%
6 ENTRIO 8.75 2/8/2025 8.75% 02/08/25 133 168 35 26%
7 AR 5.375 11/1/2021 5.38% 11/01/21 255 288 33 13%
8 ARGV 20.5031 10/4/2022 31.75% 10/04/22 8 40 32 400%
9 PBFX 6.875 5/15/2023 6.88% 05/15/23 168 200 32 19%
10 ETEGA 2.75 10/8/2026 2.75% 10/08/26 104 135 31 30%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 10/30/20 – 11/6/20

RANK TRANCHE COUPON MATURITY DEALERS
1 ROLLS 5.75 10/15/2027 REGS 5.75% 10/15/27 33
2 PETBRA 5.999 1/27/2028 6.00% 01/27/28 33
3 PETBRA 5.625 5/20/2043 5.63% 05/20/43 32
4 PETBRA 6.875 1/20/2040 6.88% 01/20/40 32
5 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 32
6 PETBRA 8.75 5/23/2026 8.75% 05/23/26 32
7 PETBRA 6.85 6/5/2015 6.85% 06/05/15 32
8 PETBRA 6.25 3/17/2024 6.25% 03/17/24 31
9 PETBRA 7.375 1/17/2027 7.38% 01/17/27 31
10 PETBRA 4.375 5/20/2023 4.38% 05/20/23 31

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 10/30/20 – 11/6/20

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

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