High Yield Corporate Bond Market Summary – Week Ending 12/27/24
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High Yield Corporate Bond Market Summary: Week Ending 12/27/24
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 12/20/24 – 12/27/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | MLTPLN 5.5 9/1/2028 144A | 5.50% | 09/01/28 | 17.99% | 81.00 | 68.65 | 20 |
| 2 | NFE 8.75 3/15/2029 144A | 8.75% | 03/15/29 | 5.65% | 84.84 | 80.30 | 25 |
| 3 | TLWLN 7 3/1/2025 REGS | 7.00% | 03/01/25 | 5.00% | 84.21 | 80.20 | 22 |
| 4 | BALY 5.875 9/1/2031 144A | 5.88% | 09/01/31 | 4.56% | 68.28 | 65.30 | 23 |
| 5 | SRILAN 3.35 3/15/2033 REGS | 3.35% | 03/15/33 | 4.12% | 74.85 | 71.88 | 9 |
| 6 | CMGMCO 8.875 6/18/2029 144A | 8.88% | 06/18/29 | 3.23% | 75.51 | 73.14 | 10 |
| 7 | ARGENT 4.125 7/9/2035 | 4.13% | 07/09/35 | 2.16% | 66.47 | 65.07 | 25 |
| 8 | ARGBON 4.125 7/9/2035 | 4.13% | 07/09/35 | 2.13% | 67.62 | 66.22 | 9 |
| 9 | SIRI 4.125 7/1/2030 144A | 4.13% | 07/01/30 | 2.09% | 87.88 | 86.09 | 24 |
| 10 | XRX 8.875 11/30/2029 144A | 8.88% | 11/30/29 | 1.65% | 89.26 | 87.81 | 23 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 12/20/24 – 12/27/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | NWDEVL 5.25 PERP | 5.25% | NULL | -7.79% | 41.86 | 45.40 | 20 |
| 2 | BRFSBZ 5.75 9/21/2050 REGS | 5.75% | 09/21/50 | -5.14% | 79.41 | 83.71 | 21 |
| 3 | QVCN 5.95 3/15/2043 | 5.95% | 03/15/43 | -4.62% | 56.13 | 58.85 | 18 |
| 4 | BRASKM 7.125 7/22/2041 REGS | 7.13% | 07/22/41 | -3.36% | 84.56 | 87.51 | 9 |
| 5 | AMBIBZ 9.875 2/6/2031 144A | 9.88% | 02/06/31 | -3.25% | 99.67 | 103.02 | 16 |
| 6 | HOAMEM 3.803 7/15/2052 | 3.80% | 07/15/52 | -2.95% | 75.51 | 77.80 | 5 |
| 7 | CSCHLD 5 11/15/2031 | 5.00% | 11/15/31 | -2.84% | 52.57 | 54.10 | 21 |
| 8 | OXY 4.4 8/15/2049 | 4.40% | 08/15/49 | -2.82% | 70.16 | 72.19 | 12 |
| 9 | PCG 5.25 3/1/2052 | 5.25% | 03/01/52 | -2.59% | 89.82 | 92.21 | 19 |
| 10 | FE 6.4 5/15/2036 | 6.40% | 05/15/36 | -2.45% | 104.08 | 106.70 | 8 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/20/24 – 12/27/24 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 12/20/24 – 12/27/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/20/24 vs. the week ending 12/27/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | DANBNK 5.705 3/1/2030 144A | 5.71% | 03/01/30 | 0 | 116 | 116 | #DIV/0! |
| 2 | DANBNK 5.427 3/1/2028 144A | 5.43% | 03/01/28 | 0 | 112 | 112 | #DIV/0! |
| 3 | DANBNK 5.427 3/1/2028 REGS | 5.43% | 03/01/28 | 0 | 76 | 76 | #DIV/0! |
| 4 | DANBNK 5.705 3/1/2030 REGS | 5.71% | 03/01/30 | 0 | 76 | 76 | #DIV/0! |
| 5 | SM 7 8/1/2032 144A | 7.00% | 08/01/32 | 80 | 151 | 71 | 89% |
| 6 | MBGGR 2 8/22/2026 | 2.00% | 08/22/26 | 114 | 180 | 66 | 58% |
| 7 | LTMCI 7.875 4/15/2030 REGS | 7.88% | 04/15/30 | 60 | 119 | 59 | 98% |
| 8 | STX 4.75 1/1/2025 | 4.75% | 01/01/25 | 210 | 264 | 54 | 26% |
| 9 | BCULC 5.625 9/15/2029 144A | 5.63% | 09/15/29 | 20 | 74 | 54 | 270% |
| 10 | VIRT 7.5 6/15/2031 144A | 7.50% | 06/15/31 | 45 | 94 | 49 | 109% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/20/24 – 12/27/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | SANTAN 8 PERP | 7.41% | NULL | 35 |
| 2 | OXY 6.05 10/1/2054 | 6.05% | 10/01/54 | 34 |
| 3 | NWG 8 PERP | 8.00% | NULL | 34 |
| 4 | BACR 6.125 PERP | 6.13% | NULL | 34 |
| 5 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 34 |
| 6 | INTNED 5.75 PERP | 5.75% | NULL | 33 |
| 7 | UBS 7 PERP | 7.00% | NULL | 33 |
| 8 | NWG 8.125 PERP | 8.13% | NULL | 33 |
| 9 | MXCN 5.25 12/15/2029 | 5.25% | 12/15/29 | 33 |
| 10 | BACR 9.625 PERP | 9.63% | 12/15/99 | 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 12/20/24 – 12/27/24
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