High Yield Corporate Bond Market Summary – Week Ending 2/12/21
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High Yield Corporate Bond Market Summary: Week Ending 2/12/21
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 2/5/21 – 2/12/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | GRTWST 9 9/30/2021 | 9.00% | 09/30/21 | 26.38% | 100.02 | 79.14 |
| 2 | EGLE 5 8/1/2024 | 5.00% | 08/01/24 | 14.58% | 97.74 | 85.30 |
| 3 | GPOR 6.375 5/15/2025 | 6.38% | 05/15/25 | 13.88% | 89.47 | 78.56 |
| 4 | SMLP 9.5 PERP | 9.50% | 11/14/99 | 12.90% | 42.00 | 37.20 |
| 5 | TLWLN 7 3/1/2025 REGS | 7.00% | 03/01/25 | 11.97% | 75.07 | 67.05 |
| 6 | DTEKUA 10.75 12/31/2024 | 10.75% | 12/31/24 | 11.32% | 78.96 | 70.93 |
| 7 | RIG 7.25 11/1/2025 144A | 7.25% | 11/01/25 | 11.03% | 61.48 | 55.37 |
| 8 | REITDU 5.125 12/12/2022 | 5.13% | 12/12/22 | 9.99% | 59.43 | 54.03 |
| 9 | CPE 6.375 7/1/2026 | 6.38% | 07/01/26 | 9.41% | 72.89 | 66.63 |
| 10 | CCLP 7.25 8/15/2022 | 7.25% | 08/15/22 | 9.09% | 92.15 | 84.47 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 2/5/21 – 2/12/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | GTT 7.875 12/31/2024 | 7.88% | 12/31/24 | -24.34% | 26.06 | 34.44 |
| 2 | TZA 8.25 8/9/2024 | 8.25% | 08/09/24 | -20.89% | 43.77 | 55.33 |
| 3 | CDRSM 7.625 11/1/2021 | 11.63% | 11/01/23 | -17.72% | 50.05 | 60.83 |
| 4 | ECUA 0.5 7/31/2040 REGS | 0.50% | 07/31/40 | -7.48% | 44.15 | 47.73 |
| 5 | SRILAN 5.875 7/25/2022 | 5.88% | 07/25/22 | -5.95% | 66.27 | 70.46 |
| 6 | GRNLGR 7.25 3/12/2022 | 7.25% | 03/12/22 | -5.69% | 86.88 | 92.12 |
| 7 | SUNSHI 7.5 2/17/2025 | 7.50% | 02/17/25 | -5.34% | 96.03 | 101.45 |
| 8 | BBDBCN 7.875 4/15/2027 | 7.88% | 04/15/27 | -5.31% | 89.41 | 94.42 |
| 9 | RONXIN 6.75 8/5/2024 | 6.75% | 08/05/24 | -5.07% | 93.22 | 98.19 |
| 10 | INTEL 5.5 8/1/2023 | 5.50% | 08/01/23 | -5.02% | 66.55 | 70.07 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 2/5/21 – 2/12/21 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 2/5/21 – 2/12/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 2/5/21 vs. the week ending 2/12/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | UNIFIN 8.875 PERP REGS | 8.88% | 01/29/99 | 30 | 188 | 158 | 527% |
| 2 | UNIFIN 7.375 2/12/2026 REGS | 7.38% | 02/12/26 | 79 | 217 | 138 | 175% |
| 3 | UNIFIN 7.25 9/27/2023 | 7.25% | 09/27/23 | 81 | 217 | 136 | 168% |
| 4 | UNIFIN 7 1/15/2025 | 7.00% | 01/15/25 | 85 | 215 | 130 | 153% |
| 5 | CTL 6.45 6/15/2021 | 6.45% | 06/15/21 | 160 | 252 | 92 | 58% |
| 6 | DVA 3.75 2/15/2031 REGS | 3.75% | 02/15/31 | 132 | 221 | 89 | 67% |
| 7 | BCULC 4.375 1/15/2028 REGS | 4.38% | 01/15/28 | 138 | 225 | 87 | 63% |
| 8 | ETP 7.125 PERP | 7.13% | 01/22/99 | 105 | 192 | 87 | 83% |
| 9 | LUMN 7.6 9/15/2039 | 7.60% | 09/15/39 | 167 | 254 | 87 | 52% |
| 10 | CTL 5.8 3/15/2022 | 5.80% | 03/15/22 | 165 | 247 | 82 | 50% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 2/5/21 – 2/12/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | JBSSBZ 5.75 6/15/2025 | 5.75% | 06/15/25 | 36 |
| 2 | CEMEX 7.75 4/16/2026 | 7.75% | 04/16/26 | 35 |
| 3 | AMCX 4.75 12/15/2022 | 4.75% | 12/15/22 | 35 |
| 4 | SBAC 4 10/1/2022 | 4.00% | 10/01/22 | 34 |
| 5 | TDG 6.5 7/15/2024 | 6.50% | 07/15/24 | 34 |
| 6 | NGLS 5.125 2/1/2025 | 5.13% | 02/01/25 | 34 |
| 7 | AR 5.125 12/1/2022 | 5.13% | 12/01/22 | 33 |
| 8 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 33 |
| 9 | AMC 10.5 4/15/2025 144A | 10.50% | 04/15/25 | 33 |
| 10 | LVLT 5.375 1/15/2024 | 5.38% | 01/15/24 | 32 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 2/5/21 – 2/12/21 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 2/5/21 – 2/12/21
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