Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 12/10/21

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 12/3/21 – 12/10/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SUNAC 5.95 4/26/2024 5.95% 04/26/24 31.48% 81.13 61.70
2 TPHL 6.6 3/2/2023 6.60% 03/02/23 30.43% 86.08 65.99
3 AGILE 8.375 PERP 8.38% 06/04/99 28.68% 61.75 47.99
4 ZHPRHK 7.1 9/10/2024 7.10% 09/10/24 19.10% 71.59 60.11
5 YUZHOU 8.5 2/4/2023 8.50% 02/04/23 16.02% 39.41 33.97
6 SHIMAO 5.2 1/30/2025 5.20% 01/30/25 13.92% 80.00 70.22
7 CHINSC 7 5/2/2025 7.00% 05/02/25 13.27% 86.34 76.22
8 KWGPRO 6 8/14/2026 6.00% 08/14/26 12.81% 80.06 70.97
9 PWRLNG 5.95 4/30/2025 5.95% 04/30/25 12.24% 92.09 82.05
10 CREAL 2.875 2/9/2022 2.88% 02/09/22 11.96% 90.92 81.21

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/3/21 – 12/10/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 BTUN 3.28 8/9/2027 3.28% 08/09/27 -14.12% 58.58 68.22
2 CHFOTN 8.6 4/8/2024 8.60% 04/08/24 -10.07% 26.22 29.15
3 SAMMIN 4.125 11/1/2022 4.13% 11/01/22 -7.21% 58.26 62.79
4 DSPORT 12.75 12/1/2026 144A 12.75% 12/01/26 -6.82% 49.15 52.75
5 SRILAN 5.875 7/25/2022 5.88% 07/25/22 -5.78% 66.52 70.61
6 REDSUN 9.7 4/16/2023 9.70% 04/16/23 -5.40% 46.39 49.04
7 REV 6.25 8/1/2024 6.25% 08/01/24 -4.88% 41.56 43.69
8 GEO 6 4/15/2026 6.00% 04/15/26 -4.72% 82.52 86.61
9 RONXIN 8.75 10/25/2022 8.75% 10/25/22 -4.37% 43.05 45.02
10 BELRUS 6.2 2/28/2030 REGS 6.20% 02/28/30 -3.96% 78.63 81.88

Avg Industry Price

Displays the HY Corp average industry price by sector between 12/3/21 – 12/10/21

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 12/3/21 – 12/10/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/3/21 vs. the week ending 12/10/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CQP 4 3/1/2031 4.00% 03/01/31 34 188 154 453%
2 IEP 4.375 2/1/2029 4.38% 02/01/29 66 145 79 120%
3 HRINTH 0 11/7/2022 1.33% 11/07/22 113 179 66 58%
4 NUGGET 6.75 10/15/2024 6.75% 10/15/24 214 265 51 24%
5 TRAVEL 5.463 7/15/2025 REGS 5.50% 07/15/25 50 93 43 86%
6 TMUS 2.05 2/15/2028 2.05% 02/15/28 266 309 43 16%
7 OXY 3.45 7/15/2024 3.45% 07/15/24 119 158 39 33%
8 TEN 5.375 12/15/2024 5.38% 12/15/24 217 255 38 18%
9 DELL 6.5 4/15/2038 6.50% 04/15/38 159 197 38 24%
10 IHSHLD 5.625 11/29/2026 REGS 5.63% 11/29/26 100 138 38 38%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 12/3/21 – 12/10/21

RANK TRANCHE COUPON MATURITY DEALERS
1 F 8.5 4/21/2023 8.50% 04/21/23 42
2 SHIMAO 4.75 7/3/2022 4.75% 07/03/22 34
3 TMUS 3.4 10/15/2052 144A 3.40% 10/15/52 34
4 GPS 3.875 10/1/2031 144A 3.88% 10/01/31 34
5 DISH 5.25 12/1/2026 144A 5.25% 12/01/26 34
6 EVERRE 9.5 4/11/2022 9.50% 04/11/22 34
7 EVERRE 10 4/11/2023 10.00% 04/11/23 34
8 RCL 5.5 4/1/2028 144A 5.50% 04/01/28 34
9 KAISAG 9.375 6/30/2024 9.38% 06/30/24 34
10 HTZ 4.625 12/1/2026 144A 4.63% 12/01/26 34

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 12/3/21 – 12/10/21

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 12/3/21 – 12/10/21

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