Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 2/5/21
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 1/29/21 – 2/5/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | GRTWST 9 9/30/2021 | 9.00% | 09/30/21 | 31.84% | 79.14 | 60.03 |
| 2 | CHK 11.5 1/1/2025 144A | 11.50% | 01/01/25 | 25.12% | 36.98 | 29.55 |
| 3 | DLLTD 8 4/1/2025 144A | 8.00% | 04/01/25 | 21.04% | 73.90 | 61.06 |
| 4 | MNK 5.75 8/1/2022 | 5.75% | 08/01/22 | 15.76% | 47.28 | 40.85 |
| 5 | NBR 5.75 2/1/2025 | 5.75% | 02/01/25 | 15.25% | 72.40 | 62.82 |
| 6 | ECUA 0.5 7/31/2030 REGS | 6.16% | 07/31/30 | 13.77% | 60.99 | 53.61 |
| 7 | VKFP 6.375 10/15/2023 REGS | 6.38% | 10/15/23 | 13.40% | 89.05 | 78.53 |
| 8 | GSM 9.375 3/1/2022 REGS | 9.38% | 03/01/22 | 13.21% | 94.01 | 83.04 |
| 9 | AGUSAN 6.625 2/1/2023 | 6.63% | 02/01/23 | 10.69% | 52.08 | 47.05 |
| 10 | WFTLF 11 12/1/2024 | 11.00% | 12/01/24 | 9.15% | 92.81 | 85.03 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/29/21 – 2/5/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PBRXIJ 7.625 1/26/2022 | 7.63% | 01/26/22 | -16.08% | 42.63 | 50.80 |
| 2 | AMC 5.75 6/15/2025 | 5.75% | 06/15/25 | -10.55% | 44.45 | 49.69 |
| 3 | FRETAI 5.6 1/22/2025 REGS | 5.60% | 01/22/25 | -9.70% | 77.52 | 85.84 |
| 4 | LGUANG 10.4 3/9/2023 | 10.40% | 03/09/23 | -8.92% | 87.54 | 96.12 |
| 5 | GRNLGR 7.25 1/22/2025 | 7.25% | 01/22/25 | -7.74% | 83.29 | 90.28 |
| 6 | SRILIJ 7.25 1/16/2025 REGS | 7.25% | 01/16/25 | -7.10% | 84.24 | 90.68 |
| 7 | SRIRJK 6.875 3/27/2024 | 6.88% | 03/27/24 | -6.95% | 84.38 | 90.68 |
| 8 | ENLK 6 PERP | 6.00% | 09/21/99 | -6.21% | 54.39 | 57.99 |
| 9 | CLISA 9.5 7/20/2023 REGS | 9.50% | 07/20/23 | -5.44% | 37.01 | 39.14 |
| 10 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -4.74% | 61.49 | 64.55 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/29/21 – 2/5/21
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 1/29/21 – 2/5/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/29/21 vs. the week ending 2/5/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NGL 7.5 2/1/2026 144A | 7.50% | 02/01/26 | 40 | 203 | 163 | 408% |
| 2 | GABON 6.95 6/16/2025 | 6.95% | 06/16/25 | 19 | 149 | 130 | 684% |
| 3 | CTL 6.45 6/15/2021 | 6.45% | 06/15/21 | 33 | 160 | 127 | 385% |
| 4 | CTL 7.5 4/1/2024 | 7.50% | 04/01/24 | 28 | 142 | 114 | 407% |
| 5 | LUMN 7.6 9/15/2039 | 7.60% | 09/15/39 | 55 | 167 | 112 | 204% |
| 6 | CTL 5.8 3/15/2022 | 5.80% | 03/15/22 | 54 | 165 | 111 | 206% |
| 7 | LUMN 7.65 3/15/2042 | 7.65% | 03/15/42 | 40 | 150 | 110 | 275% |
| 8 | CTL 5.625 4/1/2025 | 5.63% | 04/01/25 | 41 | 148 | 107 | 261% |
| 9 | SVC 4.5 6/15/2023 | 4.50% | 06/15/23 | 58 | 164 | 106 | 183% |
| 10 | SVC 4.75 10/1/2026 | 4.75% | 10/01/26 | 39 | 140 | 101 | 259% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/29/21 – 2/5/21
| 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 | NGLS 5.125 2/1/2025 | 5.13% | 02/01/25 | 34 |
| 4 | TDG 6.5 7/15/2024 | 6.50% | 07/15/24 | 34 |
| 5 | AR 5.125 12/1/2022 | 5.13% | 12/01/22 | 34 |
| 6 | LAMR 5.75 2/1/2026 | 5.75% | 02/01/26 | 33 |
| 7 | AMCX 4.75 12/15/2022 | 4.75% | 12/15/22 | 33 |
| 8 | LVLT 5.375 1/15/2024 | 5.38% | 01/15/24 | 33 |
| 9 | SBAC 4 10/1/2022 | 4.00% | 10/01/22 | 33 |
| 10 | CBSOAM 5.625 2/15/2024 | 5.63% | 02/15/24 | 33 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 1/29/21 – 2/5/21
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 1/29/21 – 2/5/21
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