Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 9/17/21

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 9/10/21 – 9/17/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 INLOTG 5.25 9/15/2024 144A 5.25% 09/15/24 39.74% 86.50 61.90
2 GERLSP 8 10/4/2022 REGS 8.00% 10/04/22 14.53% 102.17 89.20
3 AMC 6.125 5/15/2027 6.13% 05/15/27 12.41% 73.35 65.26
4 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 8.24% 49.97 46.17
5 MOBYIT 7.75 2/15/2023 7.75% 02/15/23 8.09% 40.79 37.74
6 WAIR 8.5 11/15/2024 144A 8.50% 11/15/24 7.28% 91.16 84.97
7 NATCIN 5.75 8/15/2026 5.75% 08/15/26 6.67% 77.01 72.19
8 SHLFDI 8.25 2/15/2025 REGS 8.25% 02/15/25 5.23% 75.07 71.34
9 ARGENT 0.125 7/9/2030 0.13% 07/09/30 4.80% 39.11 37.32
10 GTE 7.75 5/23/2027 144A 7.75% 05/23/27 4.31% 86.92 83.33

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 9/10/21 – 9/17/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 FTHDGR 11.875 6/1/2023 11.88% 06/01/23 -17.73% 47.40 57.61
2 EVERRE 8.25 3/23/2022 8.25% 03/23/22 -16.41% 29.05 34.75
3 GZRFPR 9.125 7/28/2022 9.13% 07/28/22 -14.68% 64.87 76.04
4 RONXIN 8.1 6/9/2023 8.10% 06/09/23 -13.42% 77.75 89.79
5 SUNSHI 7.5 2/17/2025 7.50% 02/17/25 -12.75% 69.98 80.21
6 MONTE 8.5 9/10/2030 8.50% 09/10/30 -12.67% 82.93 94.96
7 SINHLD 10.5 6/18/2022 10.50% 06/18/22 -11.36% 67.91 76.62
8 KAISAG 11.7 11/11/2025 11.70% 11/11/25 -11.34% 78.66 88.71
9 CAPG 5.98 8/18/2025 5.98% 08/18/25 -8.98% 74.53 81.89
10 YUZHOU 7.375 1/13/2026 7.38% 01/13/26 -8.52% 70.34 76.89

Avg Industry Price

Displays the HY Corp average industry price by sector between 9/10/21 – 9/17/21

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 9/10/21 – 9/17/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/10/21 vs. the week ending 9/17/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 LABL 6.75 7/15/2026 144A 6.75% 07/15/26 40 144 104 260%
2 LABL 10.5 7/15/2027 144A 10.50% 07/15/27 41 143 102 249%
3 INTEL 7.75 6/1/2021 7.75% 06/01/21 66 165 99 150%
4 MORTON 6.625 5/1/2029 144A 6.63% 05/01/29 44 138 94 214%
5 MORTON 4.875 5/1/2028 144A 4.88% 05/01/28 52 131 79 152%
6 PGTI 6.75 8/1/2026 144A 6.75% 08/01/26 158 213 55 35%
7 GPS 8.625 5/15/2025 144A 8.63% 05/15/25 237 289 52 22%
8 GPS 8.375 5/15/2023 144A 8.38% 05/15/23 231 280 49 21%
9 M 3.875 1/15/2022 3.88% 01/15/22 205 253 48 23%
10 CHCOCH 5.125 6/30/2027 5.13% 06/30/27 182 226 44 24%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 9/10/21 – 9/17/21

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 EVERRE 8.75 6/28/2025 8.75% 06/28/25 36
6 CAR 5.25 3/15/2025 5.25% 03/15/25 35
7 AA 7 9/30/2026 7.00% 09/30/26 35
8 WYNNLV 5.25 5/15/2027 5.25% 05/15/27 35
9 WYNMAC 5.125 12/15/2029 REGS 5.13% 12/15/29 35
10 BBDBCN 6 10/15/2022 6.00% 10/15/22 34

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 9/10/21 – 9/17/21

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 9/10/21 – 9/17/21

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