Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 8/6/21
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 7/30/21 – 8/6/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | GZRFPR 8.125 7/11/2024 | 8.13% | 07/11/24 | 12.66% | 75.52 | 67.03 |
| 2 | YUZHOU 6.35 1/13/2027 | 6.35% | 01/13/27 | 12.44% | 74.38 | 66.15 |
| 3 | TIANHL 12 10/24/2023 | 12.00% | 10/24/23 | 12.07% | 40.36 | 36.02 |
| 4 | APLNIJ 5.95 6/2/2024 | 5.95% | 06/02/24 | 11.28% | 54.88 | 49.32 |
| 5 | HRINTH 4 PERP | 4.00% | 11/07/99 | 9.43% | 73.03 | 66.74 |
| 6 | KAISAG 10.5 1/15/2025 | 10.50% | 01/15/25 | 9.18% | 83.80 | 76.76 |
| 7 | CREAL 9.125 PERP REGS | 9.13% | 11/29/99 | 8.53% | 73.31 | 67.55 |
| 8 | TLN 6.5 9/15/2024 144A | 6.50% | 09/15/24 | 7.64% | 60.73 | 56.42 |
| 9 | EVHC 8.75 10/15/2026 144A | 8.75% | 10/15/26 | 6.13% | 76.99 | 72.54 |
| 10 | BUENOS 4 5/15/2035 | 4.00% | 05/15/35 | 5.68% | 40.90 | 38.70 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/30/21 – 8/6/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | RISSUN 8.95 1/18/2022 | 8.95% | 01/18/22 | -9.34% | 58.94 | 65.01 |
| 2 | FRETAI 5.6 1/22/2025 REGS | 5.60% | 01/22/25 | -9.06% | 65.22 | 71.72 |
| 3 | TIANHL 11.5 10/24/2022 | 11.50% | 10/24/22 | -8.63% | 41.42 | 45.34 |
| 4 | RIG 6.8 3/15/2038 | 6.80% | 03/15/38 | -7.25% | 50.01 | 53.92 |
| 5 | AMC 5.875 11/15/2026 | 5.88% | 11/15/26 | -6.38% | 61.12 | 65.28 |
| 6 | ENDP 6 2/1/2025 | 6.00% | 02/01/25 | -5.74% | 67.59 | 71.70 |
| 7 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | -5.66% | 50.73 | 53.78 |
| 8 | LPI 7.75 7/31/2029 144A | 7.75% | 07/31/29 | -5.48% | 90.83 | 96.10 |
| 9 | NBR 7.5 1/15/2028 144A | 7.50% | 01/15/28 | -5.32% | 85.50 | 90.30 |
| 10 | LUMN 7.995 6/1/2036 | 8.00% | 06/01/36 | -5.15% | 106.18 | 111.94 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 7/30/21 – 8/6/21
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 7/30/21 – 8/6/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/30/21 vs. the week ending 8/6/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | HNDLIN 3.875 8/15/2031 144A | 3.88% | 08/15/31 | 150 | 258 | 108 | 72% |
| 2 | TNL 3.9 3/1/2023 | 3.90% | 03/01/23 | 109 | 208 | 99 | 91% |
| 3 | TNL 4.625 3/1/2030 144A | 4.63% | 03/01/30 | 111 | 203 | 92 | 83% |
| 4 | TNL 4.25 3/1/2022 | 4.25% | 03/01/22 | 111 | 194 | 83 | 75% |
| 5 | TNL 4.5 4/1/2027 | 4.50% | 04/01/27 | 108 | 189 | 81 | 75% |
| 6 | OSCHAD 8.25 3/20/2025 | 9.63% | 03/20/25 | 56 | 128 | 72 | 129% |
| 7 | CNC 5.375 8/15/2026 144A | 5.38% | 08/15/26 | 245 | 308 | 63 | 26% |
| 8 | CNC 5.375 6/1/2026 144A | 5.38% | 06/01/26 | 98 | 155 | 57 | 58% |
| 9 | MSCI 5.375 5/15/2027 144A | 5.38% | 05/15/27 | 179 | 236 | 57 | 32% |
| 10 | F 0 11/15/2023 | 0.19% | 11/15/23 | 180 | 224 | 44 | 24% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 7/30/21 – 8/6/21
| 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 | 40 |
| 3 | X 6.875 8/15/2025 | 6.88% | 08/15/25 | 39 |
| 4 | SIRI 4.625 7/15/2024 144A | 4.63% | 07/15/24 | 39 |
| 5 | SIRI 3.875 8/1/2022 144A | 3.88% | 08/01/22 | 38 |
| 6 | CNC 5.375 8/15/2026 144A | 5.38% | 08/15/26 | 37 |
| 7 | CHTR 5.75 2/15/2026 | 5.75% | 02/15/26 | 37 |
| 8 | URI 5.875 9/15/2026 | 5.88% | 09/15/26 | 36 |
| 9 | SIRI 5.375 7/15/2026 | 5.38% | 07/15/26 | 36 |
| 10 | AAL 5 6/1/2022 144A | 5.00% | 06/01/22 | 35 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 7/30/21 – 8/6/21
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 7/30/21 – 8/6/21
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