Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 12/24/20
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 12/18/20 – 12/24/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | QEP 5.625 3/1/2026 | 5.63% | 03/01/26 | 22.26% | 109.02 | 89.17 |
| 2 | MTROLN 5.5 6/26/2028 | 5.50% | 06/26/28 | 19.49% | 61.99 | 51.88 |
| 3 | MNK 5.5 4/15/2025 | 5.50% | 04/15/25 | 12.82% | 33.00 | 29.25 |
| 4 | CURO 8.25 9/1/2025 144A | 8.25% | 09/01/25 | 8.91% | 94.88 | 87.12 |
| 5 | RIG 7.25 11/1/2025 144A | 7.25% | 11/01/25 | 8.59% | 49.44 | 45.53 |
| 6 | BCGBK 6.75 3/15/2023 | 6.75% | 03/15/23 | 6.84% | 27.69 | 25.92 |
| 7 | INLOTG 6.75 9/15/2021 | 6.75% | 09/15/21 | 6.21% | 47.79 | 45.00 |
| 8 | GTT 7.875 12/31/2024 | 7.88% | 12/31/24 | 5.84% | 37.81 | 35.73 |
| 9 | CONCOA 10 5/1/2023 | 10.00% | 05/01/23 | 5.75% | 86.89 | 82.17 |
| 10 | PRIO 9.75 2/24/2025 | 9.75% | 02/24/25 | 5.21% | 52.11 | 49.53 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/18/20 – 12/24/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | HARDWD 7.5 8/1/2021 | 7.50% | 08/01/21 | -7.21% | 30.00 | 32.33 |
| 2 | LATAIR 6.875 4/11/2024 | 6.88% | 04/11/24 | -5.17% | 50.67 | 53.43 |
| 3 | HKJHCC 7.5 1/28/2022 | 7.50% | 01/28/22 | -5.14% | 25.03 | 26.38 |
| 4 | LTMCI 7 3/1/2026 REGS | 7.00% | 03/01/26 | -5.04% | 50.60 | 53.28 |
| 5 | RIG 6.8 3/15/2038 | 6.80% | 03/15/38 | -3.96% | 33.02 | 34.38 |
| 6 | NBR 5.75 2/1/2025 | 5.75% | 02/01/25 | -3.75% | 49.45 | 51.38 |
| 7 | BUENOS 10.875 1/26/2021 | 10.88% | 01/26/21 | -3.39% | 40.62 | 42.04 |
| 8 | DTEKUA 10.75 12/31/2024 | 10.75% | 12/31/24 | -3.28% | 60.82 | 62.88 |
| 9 | CBL 4.6 10/15/2024 | 4.60% | 10/15/24 | -3.26% | 38.47 | 39.77 |
| 10 | NEUQUE 7.5 4/27/2025 | 7.50% | 04/27/25 | -3.07% | 62.47 | 64.45 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/18/20 – 12/24/20
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 12/18/20 – 12/24/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/18/20 vs. the week ending 12/24/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | FGP 8.625 6/15/2020 | 8.63% | 06/15/20 | 44 | 108 | 64 | 145% |
| 2 | CERCG 6.125 1/15/2019 | 6.13% | 01/15/19 | 15 | 72 | 57 | 380% |
| 3 | CHK 6.125 2/15/2021 | 6.13% | 02/15/21 | 38 | 95 | 57 | 150% |
| 4 | SCN 8.5 11/30/2026 | 8.50% | 11/30/26 | 14 | 70 | 56 | 400% |
| 5 | KIKCN 9 8/15/2023 | 9.00% | 08/15/23 | 143 | 192 | 49 | 34% |
| 6 | GPK 4.75 4/15/2021 | 4.75% | 04/15/21 | 179 | 226 | 47 | 26% |
| 7 | REV 5.75 2/15/2021 | 5.75% | 02/15/21 | 84 | 130 | 46 | 55% |
| 8 | IM 5 8/10/2022 | 5.00% | 08/10/22 | 74 | 117 | 43 | 58% |
| 9 | INTSPN 7.5 1/24/2019 | 7.50% | 01/24/19 | 10 | 50 | 40 | 400% |
| 10 | ENR 7.75 1/15/2027 144A | 7.75% | 01/15/27 | 223 | 261 | 38 | 17% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/18/20 – 12/24/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | DSPORT 5.375 8/15/2026 144A | 5.38% | 08/15/26 | 32 |
| 2 | ENR 7.75 1/15/2027 144A | 7.75% | 01/15/27 | 32 |
| 3 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 32 |
| 4 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | 31 |
| 5 | YPFDAR 8.5 7/28/2025 | 8.50% | 07/28/25 | 30 |
| 6 | VVV 4.375 8/15/2025 | 4.38% | 08/15/25 | 30 |
| 7 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 30 |
| 8 | YPFDAR 8.5 3/23/2021 | 8.50% | 03/23/21 | 30 |
| 9 | PETBRA 5.999 1/27/2028 | 6.00% | 01/27/28 | 29 |
| 10 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 29 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 12/18/20 – 12/24/20
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 12/18/20 – 12/24/20
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