Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 9/24/21

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 9/17/21 – 9/24/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 GZRFPR 11.75 8/2/2023 11.75% 08/02/23 28.34% 72.31 56.34
2 MOBYIT 7.75 2/15/2023 7.75% 02/15/23 10.56% 45.10 40.79
3 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 10.10% 55.02 49.97
4 PBFENE 7.25 6/15/2025 7.25% 06/15/25 7.64% 67.10 62.34
5 VTG 9.25 11/15/2023 144A 9.25% 11/15/23 4.84% 90.17 86.01
6 CHFOTN 7.125 4/8/2022 7.13% 04/08/22 4.77% 36.68 35.01
7 SMLP 9.5 PERP 9.50% 11/14/99 4.76% 85.01 81.14
8 D 6.25 7/1/2036 6.25% 07/01/36 3.77% 139.64 134.57
9 HMPT 5 2/1/2026 144A 5.00% 02/01/26 3.74% 92.15 88.83
10 OHLSM 6.6 3/31/2026 REGS 6.60% 03/31/26 3.58% 91.10 87.96

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 9/17/21 – 9/24/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 FTHDGR 11.875 6/1/2023 11.88% 06/01/23 -22.99% 36.50 47.40
2 YPFDAR 16.5 5/9/2022 16.50% 05/09/22 -11.73% 64.00 72.50
3 SVKING 7.875 10/1/2022 7.88% 10/01/22 -11.25% 83.15 93.69
4 GRNLGR 6.75 9/26/2023 6.75% 09/26/23 -8.80% 69.80 76.54
5 ARGENT 0.125 7/9/2035 0.13% 07/09/35 -8.45% 32.63 35.65
6 MNK 5.75 8/1/2022 5.75% 08/01/22 -7.72% 57.66 62.48
7 MOLAND 11.95 3/4/2024 11.95% 03/04/24 -6.79% 74.14 79.54
8 AGGHOL 6.875 11/9/2025 6.88% 11/09/25 -6.66% 86.15 92.29
9 CENCHI 6.875 8/8/2022 6.88% 08/08/22 -5.89% 75.11 79.81
10 ARGBON 0.125 7/9/2041 3.72% 07/09/41 -5.52% 35.67 37.75

Avg Industry Price

Displays the HY Corp average industry price by sector between 9/17/21 – 9/24/21

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 9/17/21 – 9/24/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/17/21 vs. the week ending 9/24/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ECUA 1 7/31/2035 REGS 1.00% 07/31/35 60 162 102 170%
2 SUZANO 2.5 9/15/2028 2.50% 09/15/28 157 241 84 54%
3 CNXMPF 6.5 3/15/2026 144A 6.50% 03/15/26 159 225 66 42%
4 VVNT 6.75 2/15/2027 144A 6.75% 02/15/27 158 213 55 35%
5 VVNT 5.75 7/15/2029 144A 5.75% 07/15/29 164 218 54 33%
6 MORTON 4.875 5/1/2028 144A 4.88% 05/01/28 131 181 50 38%
7 FTHDGR 6.95 12/17/2021 6.95% 12/17/21 208 256 48 23%
8 EVERRE 9.5 4/11/2022 9.50% 04/11/22 337 384 47 14%
9 FTHDGR 7.95 7/5/2022 7.95% 07/05/22 205 252 47 23%
10 FTHDGR 11.75 4/17/2022 11.75% 04/17/22 200 246 46 23%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 9/17/21 – 9/24/21

RANK TRANCHE COUPON MATURITY DEALERS
1 EVERRE 8.75 6/28/2025 8.75% 06/28/25 42
2 EVERRE 9.5 4/11/2022 9.50% 04/11/22 41
3 EVERRE 10 4/11/2023 10.00% 04/11/23 40
4 AXL 6.25 4/1/2025 6.25% 04/01/25 40
5 EVERRE 8.25 3/23/2022 8.25% 03/23/22 40
6 EVERRE 11.5 1/22/2023 11.50% 01/22/23 39
7 EVERRE 7.5 6/28/2023 7.50% 06/28/23 39
8 EVERRE 9.5 3/29/2024 9.50% 03/29/24 39
9 EVERRE 10.5 4/11/2024 10.50% 04/11/24 38
10 EVERRE 12 1/22/2024 12.00% 01/22/24 38

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 9/17/21 – 9/24/21

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 9/17/21 – 9/24/21

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