High Yield Corporate Bond Market Summary – Week Ending 10/11/24
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
High Yield Corporate Bond Market Summary: Week Ending 10/11/24
Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
Forward Calendar
The following are lists of upcoming high-yield corporate bond offerings in the United States
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Brightspeed | $1.865 billion senior secured notes | Q4 2024 | |
| Rise Baking Co. | $650 million senior secured notes | BofA | Q4 2024 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 10/4/24 – 10/11/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | TITANI 6.25 1/14/2031 | 6.25% | 01/14/31 | 8.46% | 35.01 | 32.28 | 8 |
| 2 | ARGENT 4.125 7/9/2035 | 4.13% | 07/09/35 | 7.77% | 52.52 | 48.74 | 26 |
| 3 | BUENOS 5.5 9/1/2037 REGS | 2.50% | 09/01/37 | 7.68% | 47.50 | 44.11 | 4 |
| 4 | CSCHLD 4.625 12/1/2030 144A | 4.63% | 12/01/30 | 6.92% | 54.98 | 51.42 | 22 |
| 5 | SFRFP 4 7/15/2029 REGS | 4.00% | 07/15/29 | 6.58% | 74.50 | 69.90 | 18 |
| 6 | BRNKGR 2.25 9/22/2026 | 2.25% | 09/22/26 | 4.55% | 57.51 | 55.00 | 16 |
| 7 | ARGBON 0.75 7/9/2030 | 0.75% | 07/09/30 | 4.25% | 59.70 | 57.27 | 13 |
| 8 | GABON 7 11/24/2031 REGS | 7.00% | 11/24/31 | 3.96% | 80.60 | 77.54 | 14 |
| 9 | PDLLN 9.75 3/8/2026 REGS | 9.75% | 03/08/26 | 3.84% | 77.33 | 74.47 | 13 |
| 10 | BOPREA 3 5/31/2026 | 3.00% | 05/31/26 | 3.41% | 88.10 | 85.19 | 13 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 10/4/24 – 10/11/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | SFRFP 6 2/15/2028 REGS | 6.00% | 02/15/28 | -8.55% | 27.96 | 30.57 | 17 |
| 2 | DISH 7.375 7/1/2028 | 7.38% | 07/01/28 | -5.78% | 71.27 | 75.64 | 22 |
| 3 | ATLNSA 10.375 1/30/2030 144A | 10.38% | 01/30/30 | -4.30% | 85.29 | 89.13 | 15 |
| 4 | NOVA 11.75 10/1/2028 144A | 11.75% | 10/01/28 | -4.29% | 90.17 | 94.21 | 19 |
| 5 | ECUA 0 7/31/2030 REGS | 0.00% | 07/31/30 | -3.55% | 54.38 | 56.39 | 22 |
| 6 | MPW 4.625 8/1/2029 | 4.63% | 08/01/29 | -3.47% | 78.19 | 81.00 | 22 |
| 7 | UNANA 5.6 10/15/2097 | 5.60% | 10/15/97 | -3.34% | 85.37 | 88.32 | 5 |
| 8 | DALWAN 11 1/20/2025 | 11.00% | 01/20/25 | -3.28% | 93.61 | 96.78 | 16 |
| 9 | BRASKM 5.875 1/31/2050 REGS | 5.88% | 01/31/50 | -3.23% | 75.53 | 78.04 | 23 |
| 10 | TEVA 4.1 10/1/2046 | 4.10% | 10/01/46 | -3.21% | 71.83 | 74.21 | 22 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/4/24 – 10/11/24 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 10/4/24 – 10/11/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/4/24 vs. the week ending 10/11/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | JWN 4.25 8/1/2031 144A | 4.25% | 08/01/31 | 26 | 124 | 98 | 377% |
| 2 | SMG 4 4/1/2031 144A | 4.00% | 04/01/31 | 38 | 135 | 97 | 255% |
| 3 | SMYREA 6 11/1/2028 144A | 6.00% | 11/01/28 | 107 | 188 | 81 | 76% |
| 4 | FEDRIG 10 5/31/2029 REGS | 10.00% | 05/31/29 | 65 | 141 | 76 | 117% |
| 5 | SPMIM 4.875 5/30/2030 | 4.88% | 05/30/30 | 104 | 174 | 70 | 67% |
| 6 | CHTR 2.3 2/1/2032 | 2.30% | 02/01/32 | 216 | 286 | 70 | 32% |
| 7 | ASTONM 10.375 3/31/2029 | 10.38% | 03/31/29 | 10 | 72 | 62 | 620% |
| 8 | TITIM 2.375 10/12/2027 | 2.38% | 10/12/27 | 154 | 215 | 61 | 40% |
| 9 | SBPLLC 6.375 9/30/2026 144A | 6.38% | 09/30/26 | 79 | 138 | 59 | 75% |
| 10 | TITIM 1.625 1/18/2029 | 1.63% | 01/18/29 | 151 | 210 | 59 | 39% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/4/24 – 10/11/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 38 |
| 2 | BACR 6.125 PERP | 6.13% | NULL | 38 |
| 3 | LLOYDS 6.75 PERP | 6.75% | NULL | 38 |
| 4 | TMUS 5.05 7/15/2033 | 5.05% | 07/15/33 | 37 |
| 5 | SANTAN 8 PERP | 7.41% | NULL | 36 |
| 6 | BNP 4.625 PERP REGS | 4.63% | NULL | 36 |
| 7 | F 5.125 11/5/2026 | 5.13% | 11/05/26 | 36 |
| 8 | TMUS 5.15 4/15/2034 | 5.15% | 04/15/34 | 36 |
| 9 | INTNED 5.75 PERP | 5.75% | NULL | 36 |
| 10 | BACR 9.625 PERP | 9.63% | 12/15/99 | 35 |
Bid-Offer Spread by Industry
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 10/4/24 – 10/11/24
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
