Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 3/5/21

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 2/26/21 – 3/5/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SHLFDI 8.25 2/15/2025 REGS 8.25% 02/15/25 14.87% 72.51 63.12
2 CHFOTN 7.125 4/8/2022 7.13% 04/08/22 12.18% 39.18 34.92
3 PBFENE 6 2/15/2028 6.00% 02/15/28 10.52% 69.66 63.03
4 CBL 5.25 12/1/2023 5.25% 12/01/23 10.38% 47.81 43.31
5 ODEBRE 7.35 12/1/2026 REGS 7.35% 12/01/26 10.09% 37.38 33.95
6 CPE 6.375 7/1/2026 6.38% 07/01/26 7.74% 83.88 77.85
7 GNW 0 11/15/2036 2.19% 11/15/36 7.30% 52.98 49.37
8 NINE 8.75 11/1/2023 144A 8.75% 11/01/23 7.12% 51.49 48.07
9 BBDBCN 7.45 5/1/2034 7.45% 05/01/34 7.07% 97.24 90.82
10 ENLK 6 PERP 6.00% 09/21/99 6.88% 62.97 58.92

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 2/26/21 – 3/5/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 LGUANG 11 6/4/2022 11.00% 06/04/22 -12.32% 79.98 91.22
2 ECUA 0.5 7/31/2035 REGS 0.50% 07/31/35 -10.92% 41.34 46.41
3 YPFDAR 1.5 9/30/2033 REGS 1.50% 09/30/33 -8.77% 45.30 49.66
4 INFRAB 12 10/1/2024 REGS 12.00% 10/01/24 -7.92% 99.17 107.71
5 DALWAN 7.25 1/29/2024 7.25% 01/29/24 -7.09% 95.53 102.82
6 VEDLN 9.25 4/23/2026 144A 9.25% 04/23/26 -6.68% 86.58 92.78
7 REV 6.25 8/1/2024 6.25% 08/01/24 -6.60% 31.06 33.26
8 SINHLD 10.5 6/18/2022 10.50% 06/18/22 -6.50% 92.63 99.07
9 CENCHI 7.25 8/13/2024 7.25% 08/13/24 -5.40% 88.34 93.38
10 ARGENT 0.125 7/9/2030 0.13% 07/09/30 -5.39% 34.43 36.39

Avg Industry Price

Displays the HY Corp average industry price by sector between 2/26/21 – 3/5/21

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 2/26/21 – 3/5/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 2/26/21 vs. the week ending 3/5/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 STYRO 3.75 7/15/2026 144A 3.75% 07/15/26 26 156 130 500%
2 CGPHLC 5.75 7/1/2025 144A 5.75% 07/01/25 100 206 106 106%
3 THYELE 4.375 7/15/2027 REGS 4.38% 07/15/27 86 180 94 109%
4 CEQUEL 7.5 4/1/2028 144A 7.50% 04/01/28 86 178 92 107%
5 STONPB 8.25 7/31/2025 REGS 8.25% 07/31/25 96 183 87 91%
6 C 5.95 7/29/2049 5.95% 07/29/49 97 180 83 86%
7 CDK 4.5 10/15/2024 5.00% 10/15/24 83 164 81 98%
8 ARNC 6.125 2/15/2028 144A 6.13% 02/15/28 154 228 74 48%
9 DB 6 PERP 6.00% 02/14/99 175 243 68 39%
10 ARNC 5.87 2/23/2022 5.87% 02/23/22 156 221 65 42%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 2/26/21 – 3/5/21

RANK TRANCHE COUPON MATURITY DEALERS
1 PETBRA 8.75 5/23/2026 8.75% 05/23/26 34
2 POST 5 8/15/2026 5.00% 08/15/26 34
3 F 8.5 4/21/2023 8.50% 04/21/23 33
4 AMCX 4.75 12/15/2022 4.75% 12/15/22 33
5 HHC 5.375 3/15/2025 5.38% 03/15/25 33
6 PETBRA 7.375 1/17/2027 7.38% 01/17/27 32
7 PETBRA 5.6 1/3/2031 5.60% 01/03/31 32
8 PETBRA 6.25 3/17/2024 6.25% 03/17/24 32
9 THC 7 8/1/2025 7.00% 08/01/25 32
10 PETBRA 6.875 1/20/2040 6.88% 01/20/40 32

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 2/26/21 – 3/5/21

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 2/26/21 – 3/5/21

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