High Yield Corporate Bond Market Summary – Week Ending 12/6/24
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High Yield Corporate Bond Market Summary: Week Ending 12/6/24
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 |
|---|---|---|---|
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 11/29/24 – 12/6/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | TELSAT 6.5 10/15/2027 144A | 6.50% | 10/15/27 | 21.19% | 39.16 | 32.31 | 20 |
| 2 | CNECN 5.75 11/24/2028 REGS | 5.75% | 11/24/28 | 14.49% | 57.69 | 50.39 | 4 |
| 3 | MIK 7.875 5/1/2029 144A | 7.88% | 05/01/29 | 9.93% | 58.24 | 52.98 | 27 |
| 4 | SCCPWR 8 12/31/2028 144A | 8.00% | 12/31/28 | 9.40% | 58.43 | 53.41 | 8 |
| 5 | EIGI 6 2/15/2029 144A | 6.00% | 02/15/29 | 9.33% | 54.94 | 50.25 | 22 |
| 6 | IMGRP 8 3/1/2028 | 8.00% | 03/01/28 | 8.57% | 57.03 | 52.53 | 15 |
| 7 | HTZ 5 12/1/2029 144A | 5.00% | 12/01/29 | 6.58% | 72.49 | 68.02 | 26 |
| 8 | LNZING 4.75 5/15/2028 144A | 4.75% | 05/15/28 | 6.46% | 93.50 | 87.83 | 6 |
| 9 | SSP 5.875 7/15/2027 144A | 5.88% | 07/15/27 | 6.07% | 80.41 | 75.81 | 27 |
| 10 | FRICON 7.7 7/21/2028 REGS | 7.70% | 07/21/28 | 5.21% | 78.76 | 74.86 | 14 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 11/29/24 – 12/6/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | STPRAU 6.25 4/30/2026 REGS | 6.25% | 04/30/26 | -24.36% | 46.98 | 62.11 | 16 |
| 2 | WOMCHI 6.875 11/26/2024 REGS | 6.88% | 11/26/24 | -16.14% | 50.60 | 60.34 | 13 |
| 3 | BOPREA 0 6/30/2025 | 0.00% | 06/30/25 | -13.28% | 57.89 | 66.76 | 9 |
| 4 | INCMBZ 5.75 7/17/2024 REGS | 5.75% | 07/17/24 | -11.17% | 44.63 | 50.24 | 10 |
| 5 | NWDEVL 6.25 PERP | 6.25% | NULL | -9.28% | 44.41 | 48.95 | 18 |
| 6 | SELNSW 10 7/1/2026 144A | 10.00% | 07/01/26 | -8.31% | 55.44 | 60.47 | 12 |
| 7 | UONE 7.375 2/1/2028 144A | 7.38% | 02/01/28 | -5.92% | 61.98 | 65.88 | 21 |
| 8 | CYH 6.125 4/1/2030 144A | 6.13% | 04/01/30 | -5.63% | 72.21 | 76.52 | 21 |
| 9 | GFKLDE 6.75 11/1/2025 REGS | 6.75% | 11/01/25 | -5.29% | 57.68 | 60.90 | 19 |
| 10 | AMARAZ 10.25 7/15/2028 144A | 10.25% | 07/15/28 | -4.70% | 82.98 | 87.07 | 9 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/29/24 – 12/6/24 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 11/29/24 – 12/6/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/29/24 vs. the week ending 12/6/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | AKUCN 8 8/1/2028 REGS | 8.00% | 08/01/28 | 10 | 80 | 70 | 700% |
| 2 | RYASPE 5.875 8/1/2032 144A | 5.88% | 08/01/32 | 10 | 56 | 46 | 460% |
| 3 | PKSTAN 7.875 3/31/2036 REGS | 7.88% | 03/31/36 | 152 | 194 | 42 | 28% |
| 4 | RYASPE 5.875 8/1/2032 | 5.88% | 08/01/32 | 155 | 187 | 32 | 21% |
| 5 | PELHOL 9.5 4/1/2027 144A | 9.50% | 04/01/27 | 137 | 168 | 31 | 23% |
| 6 | FE 2.65 1/15/2032 144A | 2.65% | 01/15/32 | 136 | 166 | 30 | 22% |
| 7 | BPIFRA 3.375 5/25/2034 | 3.38% | 05/25/34 | 63 | 92 | 29 | 46% |
| 8 | FE 5.45 7/15/2044 144A | 5.45% | 07/15/44 | 92 | 121 | 29 | 32% |
| 9 | COR 5.125 2/15/2034 | 5.13% | 02/15/34 | 200 | 228 | 28 | 14% |
| 10 | FE 3.4 3/1/2050 | 3.40% | 03/01/50 | 193 | 221 | 28 | 15% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/29/24 – 12/6/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | UBS 7 PERP | 7.00% | NULL | 36 |
| 2 | INTNED 6.5 PERP | 6.50% | NULL | 35 |
| 3 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 35 |
| 4 | SANTAN 8 PERP | 7.41% | NULL | 34 |
| 5 | INTNED 5.75 PERP | 5.75% | NULL | 34 |
| 6 | BACR 6.125 PERP | 6.13% | NULL | 34 |
| 7 | TMUS 5.05 7/15/2033 | 5.05% | 07/15/33 | 34 |
| 8 | F 5.303 9/6/2029 | 5.30% | 09/06/29 | 34 |
| 9 | NWG 8 PERP | 8.00% | NULL | 34 |
| 10 | INTNED 3.875 PERP | 3.88% | NULL | 33 |
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 11/29/24 – 12/6/24
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