Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 3/26/21

Our newsletter presents key trends derived from observable High Yield 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 3/19/21 – 3/26/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 MTNLN 9.5 1/31/2024 REGS 9.50% 01/31/24 21.71% 48.83 40.12
2 CBL 5.95 12/15/2026 5.95% 12/15/26 17.92% 55.94 47.44
3 BUENOS 4 5/15/2035 4.00% 05/15/35 14.89% 37.18 32.36
4 NAVIRA 0 7/31/2023 5.96% 07/31/23 10.81% 60.64 54.73
5 THSCPA 6.95 6/18/2022 6.95% 06/18/22 10.34% 81.97 74.29
6 WEWORK 7.875 5/1/2025 144A 7.88% 05/01/25 8.39% 98.68 91.03
7 SRILAN 5.75 4/18/2023 REGS 5.75% 04/18/23 6.90% 68.00 63.61
8 HTZ 6 1/15/2028 144A 6.00% 01/15/28 6.13% 95.39 89.88
9 RSMACA 3.375 9/21/2022 3.38% 09/21/22 4.48% 84.19 80.58
10 F 4.75 1/15/2043 4.75% 01/15/43 4.40% 99.43 95.24

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 3/19/21 – 3/26/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SRILIJ 7.25 1/16/2025 REGS 7.25% 01/16/25 -49.28% 38.41 75.74
2 YUZHOU 8.5 2/26/2024 8.50% 02/26/24 -18.26% 87.58 107.14
3 TBLAIJ 7 1/24/2023 7.00% 01/24/23 -13.89% 86.05 99.93
4 PBRXIJ 7.625 1/26/2022 7.63% 01/26/22 -12.42% 29.23 33.37
5 EBRD 8 2/6/2024 8.00% 02/06/24 -10.18% 75.60 84.17
6 TURKEY 6.125 10/24/2028 6.13% 10/24/28 -9.53% 93.82 103.70
7 BTU 8.5 12/31/2024 144A 8.50% 12/31/24 -8.55% 53.64 58.66
8 AKBNK 6.797 4/27/2028 REGS 6.80% 04/27/28 -8.01% 92.43 100.47
9 YKBNK 7.875 1/22/2031 REGS 7.88% 01/22/31 -7.74% 97.45 105.62
10 ISCTR 7.75 1/22/2030 7.75% 01/22/30 -7.27% 95.56 103.04

Avg Industry Price

Displays the HY Corp average industry price by sector between 3/19/21 – 3/26/21

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 3/19/21 – 3/26/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 3/19/21 vs. the week ending 3/26/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 UKRAIN 7.304 3/15/2033 REGS 7.25% 03/15/33 92 210 118 128%
2 LUMN 5.125 12/15/2026 144A 5.13% 12/15/26 83 178 95 114%
3 TTMTIN 5.5 6/3/2024 5.50% 06/03/24 55 143 88 160%
4 OI 2.875 2/15/2025 REGS 2.88% 02/15/25 67 151 84 125%
5 SABSM 2 1/17/2030 1.85% 01/17/30 90 173 83 92%
6 THYELE 0 7/15/2027 REGS 4.21% 07/15/27 71 150 79 111%
7 SEB 5.625 12/31/2049 4.43% 12/31/49 167 244 77 46%
8 MAFUAE 5.5 12/31/2049 4.42% 12/31/49 36 112 76 211%
9 OSCHAD 8.25 3/20/2025 9.63% 03/20/25 54 130 76 141%
10 ECPG 4.875 10/15/2025 144A 4.88% 10/15/25 16 89 73 456%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 3/19/21 – 3/26/21

RANK TRANCHE COUPON MATURITY DEALERS
1 MUR 4 6/1/2022 4.00% 06/01/22 37
2 CAR 6.375 4/1/2024 6.38% 04/01/24 36
3 TROX 6.5 4/15/2026 144A 6.50% 04/15/26 34
4 MUR 3.7 12/1/2022 3.70% 12/01/22 34
5 TROX 5.75 10/1/2025 144A 5.75% 10/01/25 34
6 SBH 5.5 11/1/2023 5.50% 11/01/23 33
7 PETBRA 6.25 3/17/2024 6.25% 03/17/24 33
8 URI 4.875 1/15/2028 4.88% 01/15/28 33
9 CBS 7.25 11/1/2024 7.25% 11/01/24 33
10 PETBRA 5.299 1/27/2025 5.30% 01/27/25 33

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 3/19/21 – 3/26/21

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 3/19/21 – 3/26/21

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