Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 5/21/21
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 5/14/21 – 5/21/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | AERMEX 7 2/5/2025 REGS | 7.00% | 02/05/25 | 19.45% | 79.05 | 66.18 |
| 2 | LGUANG 8.85 1/10/2022 | 8.85% | 01/10/22 | 11.88% | 67.00 | 59.88 |
| 3 | BTU 8.5 12/31/2024 144A | 8.50% | 12/31/24 | 10.16% | 61.09 | 55.45 |
| 4 | CREAL 8 1/21/2028 REGS | 8.00% | 01/21/28 | 9.59% | 88.93 | 81.15 |
| 5 | GLYHO 8.125 11/14/2021 | 8.13% | 11/14/21 | 8.16% | 98.04 | 90.64 |
| 6 | REITDU 5.125 12/12/2022 | 5.13% | 12/12/22 | 7.79% | 64.82 | 60.13 |
| 7 | GLJGR 5.375 PERP | 5.38% | 12/05/99 | 6.23% | 89.94 | 84.67 |
| 8 | CHQENE 5.625 3/18/2022 | 5.63% | 03/18/22 | 6.22% | 64.11 | 60.35 |
| 9 | YESTAR 6.9 9/15/2021 | 6.90% | 09/15/21 | 5.48% | 60.91 | 57.75 |
| 10 | ARGBON 0.125 1/9/2038 | 0.13% | 01/09/38 | 5.38% | 33.66 | 31.94 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 5/14/21 – 5/21/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | HRINTH 4.5 PERP | 4.50% | 12/29/49 | -16.95% | 52.75 | 63.51 |
| 2 | CARLTV 11.5 12/15/2026 144A | 11.50% | 12/15/26 | -13.23% | 62.98 | 72.58 |
| 3 | DOMREP 8.625 4/20/2027 | 8.63% | 04/20/27 | -7.59% | 113.65 | 122.98 |
| 4 | TLN 6.5 6/1/2025 | 6.50% | 06/01/25 | -5.45% | 82.68 | 87.45 |
| 5 | CBL 5.95 12/15/2026 | 5.95% | 12/15/26 | -5.02% | 54.79 | 57.68 |
| 6 | BIMLVN 7.375 5/7/2026 | 7.38% | 05/07/26 | -4.80% | 95.00 | 99.79 |
| 7 | AHEREN 7.375 5/15/2023 | 7.38% | 05/15/23 | -4.65% | 86.97 | 91.22 |
| 8 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | -4.49% | 73.50 | 76.96 |
| 9 | BBDBCN 7.45 5/1/2034 | 7.45% | 05/01/34 | -4.30% | 103.67 | 108.33 |
| 10 | KMEAGR 6.75 2/1/2023 REGS | 6.75% | 02/01/23 | -3.76% | 76.39 | 79.38 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 5/14/21 – 5/21/21
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 5/14/21 – 5/21/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 5/14/21 vs. the week ending 5/21/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | SPB 5 10/1/2029 REGS | 5.00% | 10/01/29 | 2 | 148 | 146 | 7300% |
| 2 | SRIRJK 6.875 3/27/2024 | 6.88% | 03/27/24 | 76 | 196 | 120 | 158% |
| 3 | CHFOTN 9 7/31/2021 | 9.00% | 07/31/21 | 80 | 200 | 120 | 150% |
| 4 | PDCAR 7.125 6/10/2021 | 3.00% | 12/10/25 | 58 | 145 | 87 | 150% |
| 5 | SPH 5 6/1/2031 | 5.00% | 06/01/31 | 141 | 215 | 74 | 52% |
| 6 | HRINTH 2.875 PERP | 2.88% | 09/14/99 | 146 | 215 | 69 | 47% |
| 7 | ITPCN 7 10/15/2026 144A | 7.00% | 10/15/26 | 88 | 138 | 50 | 57% |
| 8 | CENREP 3.25 4/1/2028 | 3.25% | 04/01/28 | 2 | 50 | 48 | 2400% |
| 9 | OECENG 4.375 10/25/2029 REGS | 4.38% | 10/25/29 | 30 | 75 | 45 | 150% |
| 10 | OECENG 7.5 PERP REGS | 7.50% | 01/20/99 | 28 | 70 | 42 | 150% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 5/14/21 – 5/21/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | AR 5.625 6/1/2023 | 5.63% | 06/01/23 | 37 |
| 2 | CSCHLD 5.5 5/15/2026 144A | 5.50% | 05/15/26 | 36 |
| 3 | ARMK 4.75 6/1/2026 | 4.75% | 06/01/26 | 36 |
| 4 | GT 5.25 4/30/2031 | 5.25% | 04/30/31 | 35 |
| 5 | THC 5.125 5/1/2025 | 5.13% | 05/01/25 | 35 |
| 6 | BECN 4.875 11/1/2025 144A | 4.88% | 11/01/25 | 35 |
| 7 | ARGID 6 2/15/2025 | 6.00% | 02/15/25 | 34 |
| 8 | GT 5.125 11/15/2023 | 5.13% | 11/15/23 | 34 |
| 9 | CCO 9.25 2/15/2024 | 9.25% | 02/15/24 | 34 |
| 10 | BRP 6.375 5/15/2025 | 6.38% | 05/15/25 | 33 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 5/14/21 – 5/21/21
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 5/14/21 – 5/21/21
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