Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 7/30/21

Our newsletter presents key trends derived from observable 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 7/23/21 – 7/30/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 GRENAD 7 5/12/2030 7.00% 05/12/30 7.37% 82.68 77.00
2 ENDP 5.75 1/15/2022 5.75% 01/15/22 5.84% 97.13 91.77
3 PBFENE 6 2/15/2028 6.00% 02/15/28 5.50% 51.88 49.17
4 BTU 6.375 3/31/2025 6.38% 03/31/25 5.40% 78.60 74.58
5 YELLUK 8.5 5/2/2023 REGS 8.50% 05/02/23 5.20% 57.00 54.18
6 NAVIRA 0 11/15/2024 REGS 3.71% 11/15/24 4.83% 73.61 70.22
7 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 4.74% 66.38 63.38
8 EVHC 8.75 10/15/2026 144A 8.75% 10/15/26 4.56% 72.54 69.38
9 POSADA 7.875 6/30/2022 7.88% 06/30/22 3.87% 71.27 68.62
10 SAGB 8.75 1/31/2044 8.75% 01/31/44 3.48% 84.22 81.39

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/23/21 – 7/30/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 TIANHL 13.75 11/6/2023 13.75% 11/06/23 -29.59% 38.52 54.71
2 EVERRE 11.5 1/22/2023 11.50% 01/22/23 -26.65% 42.81 58.36
3 GZRFPR 11.75 8/2/2023 11.75% 08/02/23 -19.92% 74.56 93.11
4 ZHLGHD 8.5 5/19/2022 8.50% 05/19/22 -15.34% 73.23 86.50
5 KAISAG 10.5 1/15/2025 10.50% 01/15/25 -14.81% 76.76 90.10
6 YUZHOU 6.35 1/13/2027 6.35% 01/13/27 -12.96% 66.15 76.00
7 FTHDGR 9.875 10/19/2023 9.88% 10/19/23 -10.53% 68.39 76.45
8 EHOUSE 7.6 6/10/2023 7.60% 06/10/23 -9.52% 85.00 93.94
9 HRINTH 4.95 11/7/2047 4.95% 11/07/47 -8.96% 60.25 66.18
10 RISSUN 8.95 1/18/2022 8.95% 01/18/22 -8.75% 65.01 71.24

Avg Industry Price

Displays the HY Corp average industry price by sector between 7/23/21 – 7/30/21

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 7/23/21 – 7/30/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/23/21 vs. the week ending 7/30/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 TNL 4.625 3/1/2030 144A 4.63% 03/01/30 40 111 71 178%
2 TNL 4.25 3/1/2022 4.25% 03/01/22 50 111 61 122%
3 TNL 3.9 3/1/2023 3.90% 03/01/23 50 109 59 118%
4 TNL 4.5 4/1/2027 4.50% 04/01/27 54 108 54 100%
5 MCLAUT 5.75 8/1/2022 144A 5.75% 08/01/22 72 125 53 74%
6 SANIIK 5.625 12/15/2026 REGS 5.63% 12/15/26 63 109 46 73%
7 HOV 10.5 7/15/2024 144A 10.50% 07/15/24 103 144 41 40%
8 GE 0 PERP 3.45% 12/29/49 134 175 41 31%
9 HNDLIN 5.875 9/30/2026 5.88% 09/30/26 223 260 37 17%
10 ASHWOO 6.75 8/1/2025 144A 6.75% 08/01/25 207 244 37 18%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 7/23/21 – 7/30/21

RANK TRANCHE COUPON MATURITY DEALERS
1 ADT 3.5 7/15/2022 3.50% 07/15/22 41
2 TSLA 5.3 8/15/2025 144A 5.30% 08/15/25 39
3 SIRI 3.875 8/1/2022 144A 3.88% 08/01/22 39
4 X 6.875 8/15/2025 6.88% 08/15/25 39
5 YUM 3.75 11/1/2021 3.75% 11/01/21 37
6 APXSEC 7.625 9/1/2023 7.63% 09/01/23 35
7 PFGC 5.5 6/1/2024 5.50% 06/01/24 35
8 TEVA 3.15 10/1/2026 3.15% 10/01/26 35
9 HNDLIN 5.875 9/30/2026 5.88% 09/30/26 34
10 OVV 3.9 11/15/2021 3.90% 11/15/21 34

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 7/23/21 – 7/30/21

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 7/23/21 – 7/30/21

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