Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 2/26/21
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 2/19/21 – 2/26/21
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | AMC 5.75 6/15/2025 | 5.75% | 06/15/25 | 28.94% | 58.38 | 45.28 |
2 | MDLNIJ 10.75 8/30/2021 | 10.75% | 08/30/21 | 14.13% | 37.32 | 32.70 |
3 | CDRSM 6.75 11/1/2021 | 6.75% | 11/01/21 | 13.54% | 57.42 | 50.57 |
4 | VTG 9.25 11/15/2023 REGS | 9.25% | 11/15/23 | 11.89% | 81.40 | 72.75 |
5 | HTZ 6.25 10/15/2022 | 6.25% | 10/15/22 | 10.41% | 76.33 | 69.14 |
6 | AMIGLN 7.625 1/15/2024 | 7.63% | 01/15/24 | 9.98% | 71.33 | 64.86 |
7 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | 9.77% | 63.03 | 57.42 |
8 | ASRIIJ 6.25 11/2/2025 | 6.25% | 11/02/25 | 9.54% | 80.80 | 73.77 |
9 | DLLTD 8 4/1/2025 144A | 8.00% | 04/01/25 | 9.09% | 81.14 | 74.38 |
10 | CBL 5.25 12/1/2023 | 5.25% | 12/01/23 | 9.06% | 43.31 | 39.71 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 2/19/21 – 2/26/21
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -9.78% | 51.18 | 56.73 |
2 | ERESQD 4.375 5/18/2021 | 4.38% | 05/18/21 | -7.27% | 90.25 | 97.33 |
3 | GRTWST 12 9/1/2025 144A | 12.00% | 09/01/25 | -7.08% | 89.59 | 96.42 |
4 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | -5.50% | 49.01 | 51.86 |
5 | FRETAI 5.6 1/22/2025 REGS | 5.60% | 01/22/25 | -4.91% | 84.06 | 88.40 |
6 | DOMREP 5.875 1/30/2060 REGS | 5.88% | 01/30/60 | -4.67% | 96.89 | 101.64 |
7 | BRAZIL 5 1/27/2045 | 5.00% | 01/27/45 | -4.51% | 97.71 | 102.33 |
8 | TEVA 4.1 10/1/2046 | 4.10% | 10/01/46 | -4.50% | 85.06 | 89.07 |
9 | TURKEY 4.875 4/16/2043 | 4.88% | 04/16/43 | -4.47% | 80.67 | 84.45 |
10 | YPFDAR 6.95 7/21/2027 144A | 6.95% | 07/21/27 | -4.26% | 63.69 | 66.52 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 2/19/21 – 2/26/21
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 2/19/21 – 2/26/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 2/19/21 vs. the week ending 2/26/21
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | YPFDAR 1.5 9/30/2033 REGS | 1.50% | 09/30/33 | 1 | 162 | 161 | 16100% |
2 | GDDY 5.25 12/1/2027 144A | 5.25% | 12/01/27 | 50 | 188 | 138 | 276% |
3 | KHC 3.75 4/1/2030 | 3.75% | 04/01/30 | 67 | 192 | 125 | 187% |
4 | TSCOLN 0.375 7/27/2029 | 0.38% | 07/27/29 | 25 | 146 | 121 | 484% |
5 | ARNC 5.87 2/23/2022 | 5.87% | 02/23/22 | 40 | 156 | 116 | 290% |
6 | IVYCST 4.875 1/30/2032 REGS | 4.88% | 01/30/32 | 20 | 132 | 112 | 560% |
7 | HWM 5.125 10/1/2024 | 5.13% | 10/01/24 | 60 | 169 | 109 | 182% |
8 | ARNC 6.125 2/15/2028 144A | 6.13% | 02/15/28 | 46 | 154 | 108 | 235% |
9 | APICOR 1.26 2/10/2026 | 1.26% | 02/10/26 | 11 | 115 | 104 | 945% |
10 | AMAGGI 5.25 1/28/2028 144A | 5.25% | 01/28/28 | 77 | 180 | 103 | 134% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 2/19/21 – 2/26/21
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 34 |
2 | SBAC 4 10/1/2022 | 4.00% | 10/01/22 | 33 |
3 | AMC 10.5 4/15/2025 144A | 10.50% | 04/15/25 | 33 |
4 | AMCX 4.75 12/15/2022 | 4.75% | 12/15/22 | 33 |
5 | THC 7 8/1/2025 | 7.00% | 08/01/25 | 33 |
6 | PETBRA 7.375 1/17/2027 | 7.38% | 01/17/27 | 32 |
7 | AMC 12 6/15/2026 144A | 12.00% | 06/15/26 | 32 |
8 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 32 |
9 | PETBRA 6.25 3/17/2024 | 6.25% | 03/17/24 | 32 |
10 | ST 6.25 2/15/2026 | 6.25% | 02/15/26 | 32 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 2/19/21 – 2/26/21
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 2/19/21 – 2/26/21
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