Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 12/3/21
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 11/26/21 – 12/3/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | 18.73% | 25.08 | 21.13 |
| 2 | KAISAG 11.25 4/9/2022 | 11.25% | 04/09/22 | 12.77% | 37.22 | 33.01 |
| 3 | ANDRGI 9.5 12/30/2024 REGS | 9.50% | 12/30/24 | 12.50% | 54.50 | 48.44 |
| 4 | TLN 4.6 12/15/2021 | 4.60% | 12/15/21 | 9.79% | 96.05 | 87.49 |
| 5 | ZHPRHK 10.25 PERP | 10.25% | 12/31/99 | 8.81% | 87.50 | 80.41 |
| 6 | MONTE 10.5 7/23/2029 | 10.50% | 07/23/29 | 7.12% | 90.22 | 84.23 |
| 7 | BRAZIL 4.75 1/14/2050 | 4.75% | 01/14/50 | 6.23% | 88.90 | 83.69 |
| 8 | GHANA 8.875 5/7/2042 REGS | 8.88% | 05/07/42 | 5.83% | 82.88 | 78.31 |
| 9 | GRNLGR 6.75 3/3/2024 | 6.75% | 03/03/24 | 4.96% | 84.89 | 80.87 |
| 10 | IDESA 10.125 5/22/2026 REGS | 10.13% | 05/22/26 | 4.74% | 67.64 | 64.58 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/26/21 – 12/3/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | GZRFPR 8.625 3/5/2024 | 8.63% | 03/05/24 | -30.45% | 37.98 | 54.61 |
| 2 | SUNSHI 9.25 4/15/2023 | 9.25% | 04/15/23 | -23.57% | 26.71 | 34.95 |
| 3 | YUZHOU 9.95 6/8/2023 | 9.95% | 06/08/23 | -22.12% | 33.94 | 43.58 |
| 4 | REDSUN 9.5 9/20/2023 | 9.50% | 09/20/23 | -15.45% | 45.62 | 53.96 |
| 5 | TPHL 5.3 4/20/2022 | 5.30% | 04/20/22 | -15.07% | 73.76 | 86.85 |
| 6 | AGILE 7.875 PERP | 7.88% | 10/31/99 | -14.27% | 48.00 | 55.99 |
| 7 | SUNAC 8.35 4/19/2023 | 8.35% | 04/19/23 | -12.90% | 64.05 | 73.54 |
| 8 | RONXIN 8.95 1/22/2023 | 8.95% | 01/22/23 | -11.99% | 38.62 | 43.88 |
| 9 | UNIFIN 8.875 PERP REGS | 8.88% | 01/29/99 | -10.59% | 56.67 | 63.38 |
| 10 | CREAL 9.125 PERP REGS | 9.13% | 11/29/99 | -10.03% | 48.06 | 53.42 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/26/21 – 12/3/21
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 11/26/21 – 12/3/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/26/21 vs. the week ending 12/3/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | SUNSHI 5.3 1/11/2022 | 5.30% | 01/11/22 | 8 | 164 | 156 | 1950% |
| 2 | CSCHCN 11.5 2/12/2022 | 11.50% | 02/12/22 | 24 | 170 | 146 | 608% |
| 3 | CENCHI 7.5 7/14/2025 | 7.50% | 07/14/25 | 116 | 260 | 144 | 124% |
| 4 | ARGENT 1.125 7/9/2046 | 1.13% | 07/09/46 | 168 | 268 | 100 | 60% |
| 5 | SUNSHI 10.25 3/18/2022 | 10.25% | 03/18/22 | 2 | 100 | 98 | 4900% |
| 6 | SUNSHI 9.25 4/15/2023 | 9.25% | 04/15/23 | 97 | 180 | 83 | 86% |
| 7 | MOLAND 9.8 4/11/2023 | 9.80% | 04/11/23 | 122 | 204 | 82 | 67% |
| 8 | ALPHSA 10 12/19/2022 REGS | 10.00% | 12/19/22 | 98 | 173 | 75 | 77% |
| 9 | PRLHOL 9.5 12/11/2022 REGS | 9.50% | 12/11/22 | 6 | 54 | 48 | 800% |
| 10 | ASCLER 6.875 8/1/2025 144A | 6.88% | 08/01/25 | 126 | 172 | 46 | 37% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/26/21 – 12/3/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | F 8.5 4/21/2023 | 8.50% | 04/21/23 | 45 |
| 2 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 35 |
| 3 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 35 |
| 4 | F 3.625 6/17/2031 | 3.63% | 06/17/31 | 35 |
| 5 | PETBRA 5.6 1/3/2031 | 5.60% | 01/03/31 | 35 |
| 6 | EVERRE 12 1/22/2024 | 12.00% | 01/22/24 | 35 |
| 7 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | 34 |
| 8 | EVERRE 10.5 4/11/2024 | 10.50% | 04/11/24 | 34 |
| 9 | SHIMAO 4.75 7/3/2022 | 4.75% | 07/03/22 | 34 |
| 10 | KAISAG 9.375 6/30/2024 | 9.38% | 06/30/24 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 11/26/21 – 12/3/21
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 11/26/21 – 12/3/21
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