High Yield Corporate Bond Market Summary – Week Ending 8/27/21
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High Yield Corporate Bond Market Summary: Week Ending 8/27/21
Our newsletter presents key trends derived from observable 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 8/20/21 – 8/27/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | 26.50% | 65.56 | 51.83 |
| 2 | RIG 6.8 3/15/2038 | 6.80% | 03/15/38 | 15.18% | 52.59 | 45.66 |
| 3 | SVKING 7.875 10/1/2022 | 7.88% | 10/01/22 | 12.80% | 93.44 | 82.83 |
| 4 | CENCHI 7.25 7/16/2024 | 7.25% | 07/16/24 | 9.52% | 78.31 | 71.50 |
| 5 | RISSUN 8 4/24/2022 | 8.00% | 04/24/22 | 9.08% | 59.61 | 54.64 |
| 6 | HRRLET 1.625 12/5/2022 | 1.63% | 12/05/22 | 8.56% | 85.66 | 78.90 |
| 7 | CAPG 5.88 3/1/2027 | 5.88% | 03/01/27 | 7.97% | 83.20 | 77.06 |
| 8 | CPE 6.375 7/1/2026 | 6.38% | 07/01/26 | 6.91% | 90.47 | 84.62 |
| 9 | ARGENT 0.125 7/9/2030 | 0.13% | 07/09/30 | 6.88% | 36.64 | 34.28 |
| 10 | VEDLN 6.125 8/9/2024 REGS | 6.13% | 08/09/24 | 6.83% | 91.18 | 85.35 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 8/20/21 – 8/27/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | -10.57% | 42.72 | 47.77 |
| 2 | ENDP 6 2/1/2025 | 6.00% | 02/01/25 | -10.13% | 63.11 | 70.22 |
| 3 | GZRFPR 11.75 8/2/2023 | 11.75% | 08/02/23 | -7.95% | 78.02 | 84.76 |
| 4 | TLN 4.6 12/15/2021 | 4.60% | 12/15/21 | -7.91% | 77.87 | 84.55 |
| 5 | SRILAN 5.75 1/18/2022 | 5.75% | 01/18/22 | -7.86% | 85.90 | 93.22 |
| 6 | FTHDGR 12.25 10/18/2022 | 12.25% | 10/18/22 | -7.34% | 68.70 | 74.14 |
| 7 | CPS 5.625 11/15/2026 | 5.63% | 11/15/26 | -4.48% | 84.63 | 88.60 |
| 8 | GEO 6.5 2/23/2026 144A | 6.50% | 02/23/26 | -4.32% | 103.29 | 107.95 |
| 9 | CSCHCN 10.75 4/11/2023 | 10.75% | 04/11/23 | -3.70% | 69.15 | 71.80 |
| 10 | MONTE 8 1/22/2030 | 8.00% | 01/22/30 | -2.94% | 91.31 | 94.08 |
Avg Industry Price
Displays the HY Corp average industry price by sector between8/20/21 – 8/27/21 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 8/20/21 – 8/27/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 8/20/21 vs. the week ending 8/27/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | SWN 5.375 3/15/2030 | 5.38% | 03/15/30 | 177 | 295 | 118 | 67% |
| 2 | PBI 3.875 5/15/2022 | 3.88% | 05/15/22 | 94 | 150 | 56 | 60% |
| 3 | LB 5.625 10/15/2023 | 5.63% | 10/15/23 | 236 | 286 | 50 | 21% |
| 4 | KEADGR 7.875 7/31/2023 | 7.88% | 07/31/23 | 134 | 179 | 45 | 34% |
| 5 | TALO 12 1/15/2026 | 12.00% | 01/15/26 | 70 | 113 | 43 | 61% |
| 6 | MXCHF 4.875 9/19/2022 | 4.88% | 09/19/22 | 191 | 231 | 40 | 21% |
| 7 | HRINTH 3.625 11/22/2021 | 3.63% | 11/22/21 | 264 | 300 | 36 | 14% |
| 8 | SSP 5.375 1/15/2031 144A | 5.38% | 01/15/31 | 225 | 258 | 33 | 15% |
| 9 | TLN 4.6 12/15/2021 | 4.60% | 12/15/21 | 188 | 220 | 32 | 17% |
| 10 | MTNA 7 10/15/2039 | 7.00% | 10/15/39 | 177 | 208 | 31 | 18% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 8/20/21 – 8/27/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | CHTR 5.75 2/15/2026 | 5.75% | 02/15/26 | 42 |
| 2 | AXL 6.25 4/1/2025 | 6.25% | 04/01/25 | 40 |
| 3 | SIRI 5.375 7/15/2026 | 5.38% | 07/15/26 | 40 |
| 4 | URI 5.875 9/15/2026 | 5.88% | 09/15/26 | 39 |
| 5 | CNC 5.375 8/15/2026 144A | 5.38% | 08/15/26 | 37 |
| 6 | CAR 5.25 3/15/2025 | 5.25% | 03/15/25 | 37 |
| 7 | CCS 5.875 7/15/2025 | 5.88% | 07/15/25 | 37 |
| 8 | TEP 5.5 9/15/2024 | 5.50% | 09/15/24 | 37 |
| 9 | CHTR 4.25 1/15/2034 144A | 4.25% | 01/15/34 | 37 |
| 10 | LB 5.625 10/15/2023 | 5.63% | 10/15/23 | 36 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 8/20/21 – 8/27/21 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 8/20/21 – 8/27/21
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