Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 6/11/21
BTU 6.375% 2025 increased 27.8% from $41.08 to $52.49 over the past week driven by both a credit ratings upgrade from S&P and increased demand for Peabody Energy’s coal as the economy increasingly reopens.
Top 10 Winners
Showcases the top 10 HY Corp “winners” based on the largest bid price increases between 6/4/21 – 6/11/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MDLNIJ 10.75 8/30/2021 | 10.75% | 08/30/21 | 27.77% | 52.49 | 41.08 |
| 2 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | 21.84% | 73.53 | 60.35 |
| 3 | HKJHCC 4.75 12/14/2021 | 4.75% | 12/14/21 | 19.69% | 42.10 | 35.17 |
| 4 | NEWCAS 12.625 PERP | 12.63% | 09/29/49 | 17.92% | 204.94 | 173.79 |
| 5 | GEO 6 4/15/2026 | 6.00% | 04/15/26 | 17.27% | 75.76 | 64.60 |
| 6 | REV 6.25 8/1/2024 | 6.25% | 08/01/24 | 17.13% | 45.27 | 38.65 |
| 7 | CARLTV 11.5 12/15/2026 144A | 11.50% | 12/15/26 | 11.42% | 58.90 | 52.86 |
| 8 | NINE 8.75 11/1/2023 144A | 8.75% | 11/01/23 | 9.04% | 44.83 | 41.12 |
| 9 | NEUQUE 7.5 4/27/2025 | 2.50% | 04/27/30 | 8.30% | 61.24 | 56.54 |
| 10 | BUEAIR 7.5 6/1/2027 | 7.50% | 06/01/27 | 8.00% | 85.98 | 79.61 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 6/4/21 – 6/11/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | LGUANG 11 6/4/2022 | 11.00% | 06/04/22 | -15.06% | 39.81 | 46.86 |
| 2 | TIANHL 13.75 11/6/2023 | 13.75% | 11/06/23 | -10.00% | 79.86 | 88.73 |
| 3 | BUENOS 4 5/15/2035 | 4.00% | 05/15/35 | -9.09% | 38.10 | 41.91 |
| 4 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | -8.82% | 76.82 | 84.26 |
| 5 | EVERRE 9.5 3/29/2024 | 9.50% | 03/29/24 | -7.92% | 73.57 | 79.90 |
| 6 | ELSALV 7.625 2/1/2041 | 7.63% | 02/01/41 | -6.42% | 92.70 | 99.06 |
| 7 | BCGBK 6.75 3/15/2023 | 6.75% | 03/15/23 | -6.12% | 29.09 | 30.98 |
| 8 | SAMMIN 4.125 11/1/2022 | 4.13% | 11/01/22 | -5.69% | 74.55 | 79.05 |
| 9 | MONTE 5.375 1/18/2028 | 5.38% | 01/18/28 | -4.99% | 85.53 | 90.02 |
| 10 | THSCPA 6.95 6/18/2022 | 6.95% | 06/18/22 | -4.82% | 80.08 | 84.13 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 6/4/21 – 6/11/21
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 6/4/21 – 6/11/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 6/4/21 vs. the week ending 6/11/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | INTEL 8.5 10/15/2024 144A | 8.50% | 10/15/24 | 73 | 151 | 78 | 107% |
| 2 | GAMMAB 0 7/15/2025 144A | 5.45% | 07/15/25 | 8 | 76 | 68 | 850% |
| 3 | OPRORU 8.25 9/27/2021 | 0.50% | 09/27/28 | 10 | 76 | 66 | 660% |
| 4 | JIAYUA 12.5 7/21/2023 | 12.50% | 07/21/23 | 58 | 108 | 50 | 86% |
| 5 | SCHW 4 PERP | 4.00% | 03/18/99 | 157 | 203 | 46 | 29% |
| 6 | LBRGRP 5 5/15/2027 REGS | 5.00% | 05/15/27 | 74 | 118 | 44 | 59% |
| 7 | QBRCN 5 7/15/2022 | 5.00% | 07/15/22 | 217 | 256 | 39 | 18% |
| 8 | LLOYDS 7.881 PERP | 12.00% | 12/29/49 | 142 | 181 | 39 | 27% |
| 9 | SIRI 3.875 8/1/2022 144A | 3.88% | 08/01/22 | 260 | 298 | 38 | 15% |
| 10 | OECENG 5.125 12/26/2026 REGS | 5.13% | 12/26/26 | 24 | 62 | 38 | 158% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 6/4/21 – 6/11/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | AM 5.375 9/15/2024 | 5.38% | 09/15/24 | 36 |
| 2 | THC 5.125 5/1/2025 | 5.13% | 05/01/25 | 36 |
| 3 | GT 4.875 3/15/2027 | 4.88% | 03/15/27 | 35 |
| 4 | AR 5.625 6/1/2023 | 5.63% | 06/01/23 | 35 |
| 5 | S 7.125 6/15/2024 | 7.13% | 06/15/24 | 35 |
| 6 | GT 5 7/15/2029 144A | 5.00% | 07/15/29 | 35 |
| 7 | BHCCN 7 3/15/2024 | 7.00% | 03/15/24 | 34 |
| 8 | CCO 9.25 2/15/2024 | 9.25% | 02/15/24 | 34 |
| 9 | BYD 6 8/15/2026 | 6.00% | 08/15/26 | 34 |
| 10 | ARGID 6 2/15/2025 | 6.00% | 02/15/25 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 6/4/21 – 6/11/21
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 6/4/21 – 6/11/21
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