Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 6/4/21
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 5/28/21 – 6/4/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | HRINTH 2.875 PERP | 2.88% | 09/14/99 | 22.15% | 79.70 | 65.24 |
| 2 | YPFDAR 8.5 7/28/2025 | 8.50% | 07/28/25 | 14.19% | 86.71 | 75.93 |
| 3 | AMC 6.375 11/15/2024 | 6.38% | 11/15/24 | 11.53% | 81.73 | 73.28 |
| 4 | STNEWY 10 3/1/2027 | 10.00% | 03/01/27 | 8.55% | 27.35 | 25.19 |
| 5 | GEO 6 4/15/2026 | 6.00% | 04/15/26 | 8.04% | 64.60 | 59.79 |
| 6 | NBR 5.75 2/1/2025 | 5.75% | 02/01/25 | 7.49% | 88.36 | 82.20 |
| 7 | REV 6.25 8/1/2024 | 6.25% | 08/01/24 | 5.96% | 38.65 | 36.48 |
| 8 | RIG 7.35 12/15/2041 | 7.35% | 12/15/41 | 5.91% | 62.13 | 58.66 |
| 9 | CBL 5.95 12/15/2026 | 5.95% | 12/15/26 | 5.43% | 56.55 | 53.64 |
| 10 | LODHA 14 3/12/2023 | 14.00% | 03/12/23 | 5.30% | 105.59 | 100.27 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 5/28/21 – 6/4/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | LGUANG 10.4 3/9/2023 | 10.40% | 03/09/23 | -17.87% | 43.19 | 52.58 |
| 2 | SURINM 9.25 10/26/2026 | 9.25% | 10/26/26 | -15.35% | 59.04 | 69.74 |
| 3 | LATAIR 4.5 11/15/2023 | 4.50% | 11/15/23 | -9.79% | 52.60 | 58.31 |
| 4 | TIANHL 12 10/24/2023 | 12.00% | 10/24/23 | -8.18% | 85.55 | 93.17 |
| 5 | EVERRE 12 1/22/2024 | 12.00% | 01/22/24 | -7.84% | 84.06 | 91.21 |
| 6 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | -6.91% | 84.26 | 90.51 |
| 7 | CPDEV 5.75 PERP | 5.75% | 11/14/99 | -5.76% | 86.62 | 91.92 |
| 8 | SINHLD 10.5 6/18/2022 | 10.50% | 06/18/22 | -4.91% | 89.39 | 94.00 |
| 9 | YUZHOU 8.3 5/27/2025 | 8.30% | 05/27/25 | -4.26% | 88.40 | 92.34 |
| 10 | GZRFPR 8.125 7/11/2024 | 8.13% | 07/11/24 | -3.50% | 89.15 | 92.38 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 5/28/21 – 6/4/21
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 5/28/21 – 6/4/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 5/28/21 vs. the week ending 6/4/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | HILOHO 9.75 11/18/2024 REGS | 9.75% | 11/18/24 | 25 | 108 | 83 | 332% |
| 2 | HTZ 6.25 10/15/2022 | 6.25% | 10/15/22 | 170 | 210 | 40 | 24% |
| 3 | LHAGR 4.382 8/12/2075 | 4.38% | 08/12/75 | 139 | 179 | 40 | 29% |
| 4 | CIFIHG 5.375 PERP | 5.38% | 12/19/99 | 97 | 133 | 36 | 37% |
| 5 | CABKSM 6 PERP | 6.00% | 07/18/99 | 165 | 200 | 35 | 21% |
| 6 | PAG 5.5 5/15/2026 | 5.50% | 05/15/26 | 235 | 270 | 35 | 15% |
| 7 | YPFDAR 8.75 4/4/2024 | 8.75% | 04/04/24 | 172 | 204 | 32 | 19% |
| 8 | ASSGEN 6.416 12/29/2049 | 2.28% | 12/29/49 | 118 | 150 | 32 | 27% |
| 9 | AIB 12.5 6/25/2035 | 12.50% | 06/25/35 | 12 | 42 | 30 | 250% |
| 10 | VEDLN 7.125 5/31/2023 | 7.13% | 05/31/23 | 236 | 266 | 30 | 13% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 5/28/21 – 6/4/21
| 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 | AR 5.625 6/1/2023 | 5.63% | 06/01/23 | 35 |
| 4 | ARGID 6 2/15/2025 | 6.00% | 02/15/25 | 35 |
| 5 | YUM 5.25 6/1/2026 | 5.25% | 06/01/26 | 34 |
| 6 | CCO 9.25 2/15/2024 | 9.25% | 02/15/24 | 34 |
| 7 | BYD 6.375 4/1/2026 | 6.38% | 04/01/26 | 34 |
| 8 | ARMK 4.75 6/1/2026 | 4.75% | 06/01/26 | 34 |
| 9 | GT 4.875 3/15/2027 | 4.88% | 03/15/27 | 34 |
| 10 | GT 5.25 4/30/2031 | 5.25% | 04/30/31 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 5/28/21 – 6/4/21
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 5/28/21 – 6/4/21
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