Corporates
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
High Yield Corporate Bond Market Summary:
Week Ending 9/10/21
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 9/3/21 – 9/10/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MNK 4.75 4/15/2023 | 4.75% | 04/15/23 | 35.61% | 38.44 | 28.34 |
| 2 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 19.69% | 30.91 | 25.83 |
| 3 | PBRXIJ 7.625 1/26/2022 | 7.63% | 01/26/22 | 10.23% | 44.32 | 40.21 |
| 4 | SCN 10.75 8/31/2029 | 10.75% | 08/31/29 | 9.52% | 41.98 | 38.33 |
| 5 | ENDP 6 6/30/2028 144A | 6.00% | 06/30/28 | 8.38% | 68.35 | 63.07 |
| 6 | FTHDGR 6.95 12/17/2021 | 6.95% | 12/17/21 | 7.13% | 81.69 | 76.25 |
| 7 | GZRFPR 5.875 2/13/2023 | 5.88% | 02/13/23 | 6.95% | 65.20 | 60.97 |
| 8 | EXTNRG 8.125 5/1/2025 | 8.13% | 05/01/25 | 4.67% | 95.20 | 90.95 |
| 9 | BTU 8.5 12/31/2024 144A | 8.50% | 12/31/24 | 4.52% | 84.37 | 80.72 |
| 10 | TLN 7.25 5/15/2027 | 7.25% | 05/15/27 | 4.34% | 89.86 | 86.12 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 9/3/21 – 9/10/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | WAIR 13.125 11/15/2027 144A | 13.13% | 11/15/27 | -8.39% | 65.34 | 71.32 |
| 2 | CENCHI 7.75 5/24/2024 | 7.75% | 05/24/24 | -7.23% | 64.78 | 69.83 |
| 3 | ELSALV 7.625 2/1/2041 | 7.63% | 02/01/41 | -6.11% | 78.84 | 83.97 |
| 4 | PBFENE 7.25 6/15/2025 | 7.25% | 06/15/25 | -5.57% | 61.52 | 65.15 |
| 5 | WESTBR 11 4/12/2038 | 11.00% | 04/12/38 | -5.29% | 127.47 | 134.59 |
| 6 | SDHMK 6.9965 3/12/2025 | 7.00% | 03/12/25 | -5.01% | 33.67 | 35.44 |
| 7 | SUNSHI 7.875 9/4/2024 | 7.88% | 09/04/24 | -4.51% | 80.31 | 84.11 |
| 8 | EHOUSE 7.6 6/10/2023 | 7.60% | 06/10/23 | -4.19% | 86.50 | 90.28 |
| 9 | RALFP 3.25 2/8/2024 | 3.25% | 02/08/24 | -3.82% | 29.19 | 30.35 |
| 10 | GTE 7.75 5/23/2027 144A | 7.75% | 05/23/27 | -3.73% | 83.33 | 86.56 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 9/3/21 – 9/10/21
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 9/3/21 – 9/10/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/3/21 vs. the week ending 9/10/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | POLY 4.75 3/1/2029 REGS | 4.75% | 03/01/29 | 14 | 110 | 96 | 686% |
| 2 | ATGE 5.5 3/1/2028 REGS | 5.50% | 03/01/28 | 12 | 106 | 94 | 783% |
| 3 | TALO 12 1/15/2026 REGS | 12.00% | 01/15/26 | 25 | 83 | 58 | 232% |
| 4 | JWN 4.375 4/1/2030 | 4.38% | 04/01/30 | 194 | 252 | 58 | 30% |
| 5 | JWN 5 1/15/2044 | 5.00% | 01/15/44 | 195 | 244 | 49 | 25% |
| 6 | JWN 4 3/15/2027 | 4.00% | 03/15/27 | 177 | 223 | 46 | 26% |
| 7 | JWN 4.25 8/1/2031 144A | 4.25% | 08/01/31 | 182 | 224 | 42 | 23% |
| 8 | LMRTSP 6.6 PERP | 6.60% | 06/19/99 | 19 | 60 | 41 | 216% |
| 9 | LEVI 5 5/1/2025 | 5.00% | 05/01/25 | 216 | 250 | 34 | 16% |
| 10 | VEDLN 6.125 8/9/2024 REGS | 6.13% | 08/09/24 | 272 | 304 | 32 | 12% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 9/3/21 – 9/10/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | AXL 6.25 4/1/2025 | 6.25% | 04/01/25 | 41 |
| 2 | SIRI 5.375 7/15/2026 | 5.38% | 07/15/26 | 39 |
| 3 | TEP 5.5 9/15/2024 | 5.50% | 09/15/24 | 37 |
| 4 | CHTR 5.75 2/15/2026 | 5.75% | 02/15/26 | 37 |
| 5 | URI 5.875 9/15/2026 | 5.88% | 09/15/26 | 37 |
| 6 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 35 |
| 7 | CAR 5.25 3/15/2025 | 5.25% | 03/15/25 | 35 |
| 8 | ARGENT 1 7/9/2029 | 1.00% | 07/09/29 | 34 |
| 9 | BBDBCN 6 10/15/2022 | 6.00% | 10/15/22 | 34 |
| 10 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 9/3/21 – 9/10/21
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 9/3/21 – 9/10/21
Stay up-to-date with weekly summaries.
