Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 2/4/22

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 1/28/22 – 2/4/22

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CREAL 9.5 2/7/2026 REGS 9.50% 02/07/26 25.89% 36.50 29.00
2 JIIN 7.125 2/1/2022 7.13% 02/01/22 18.98% 25.27 21.24
3 EVHC 8.75 10/15/2026 144A 8.75% 10/15/26 10.94% 57.35 51.70
4 YPFDAR 2.5 6/30/2029 REGS 2.50% 06/30/29 10.10% 64.00 58.13
5 ARGBON 0.125 7/9/2041 3.72% 07/09/41 9.36% 32.80 29.99
6 ARGENT 0.125 7/9/2041 0.13% 07/09/41 8.06% 34.32 31.76
7 REDPRO 13 5/27/2023 13.00% 05/27/23 7.33% 43.92 40.91
8 NEWLSQ 17.5 5/1/2024 144A 17.50% 05/01/24 7.21% 46.57 43.44
9 GROS 6.5 9/29/2026 6.50% 09/29/26 6.95% 126.54 118.32
10 BUENOS 3.9 9/1/2037 REGS 3.90% 09/01/37 6.74% 43.75 40.98

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/28/22 – 2/4/22

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SPMIM 2.625 1/7/2025 2.63% 01/07/25 -22.76% 76.99 99.68
2 SUNAC 7.5 2/1/2024 7.50% 02/01/24 -9.37% 58.71 64.78
3 MONTE 10.5 7/23/2029 10.50% 07/23/29 -9.17% 80.11 88.20
4 WAIR 9 11/15/2026 144A 9.00% 11/15/26 -8.58% 82.81 90.58
5 AGGHOL 6.875 11/9/2025 6.88% 11/09/25 -8.37% 57.54 62.80
6 SOFTBK 3.875 7/6/2032 3.88% 07/06/32 -6.16% 82.86 88.31
7 ZHPRHK 6.7 8/4/2026 6.70% 08/04/26 -5.54% 40.92 43.32
8 LOGPH 6.9 6/9/2024 6.90% 06/09/24 -5.16% 73.26 77.24
9 TITIM 5.25 3/17/2055 5.25% 03/17/55 -5.09% 99.06 104.38
10 COFP 0 PERP 1.39% 01/29/49 -5.09% 33.06 34.84

Avg Industry Price

Displays the HY Corp average industry price by sector between 1/28/22 – 2/4/22

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 1/28/22 – 2/4/22

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/28/22 vs. the week ending 2/4/22

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 EVERRE 10.5 4/11/2024 10.50% 04/11/24 204 264 60 29%
2 AR 5 3/1/2025 5.00% 03/01/25 286 345 59 21%
3 JACENT 7.875 2/1/2024 144A 7.88% 02/01/24 226 282 56 25%
4 GEF 6.5 3/1/2027 144A 6.50% 03/01/27 221 267 46 21%
5 SPMIM 2.75 4/5/2022 2.75% 04/05/22 155 199 44 28%
6 F 3.339 3/28/2022 3.34% 03/28/22 238 280 42 18%
7 SPMIM 3.375 7/15/2026 3.38% 07/15/26 158 200 42 27%
8 NGGLN 3.586 1/18/2052 3.59% 01/18/52 124 166 42 34%
9 CCSI 6.5 10/15/2028 6.50% 10/15/28 144 180 36 25%
10 SPMIM 3.125 3/31/2028 3.13% 03/31/28 175 211 36 21%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 1/28/22 – 2/4/22

RANK TRANCHE COUPON MATURITY DEALERS
1 F 2.3 2/10/2025 2.30% 02/10/25 43
2 RRC 9.25 2/1/2026 9.25% 02/01/26 41
3 DISH 5.875 11/15/2024 5.88% 11/15/24 40
4 AR 5 3/1/2025 5.00% 03/01/25 40
5 ZIGGO 5.5 1/15/2027 5.50% 01/15/27 39
6 CYH 6.625 2/15/2025 144A 6.63% 02/15/25 39
7 CHTR 5.125 5/1/2027 5.13% 05/01/27 39
8 BBDBCN 7.875 4/15/2027 7.88% 04/15/27 39
9 DISH 5 3/15/2023 5.00% 03/15/23 39
10 CMC 5.375 7/15/2027 5.38% 07/15/27 38

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 1/28/22 – 2/4/22

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 1/28/22 – 2/4/22

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