High Yield Corporate Bond Market Summary – Week Ending 1/17/25
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High Yield Corporate Bond Market Summary: Week Ending 1/17/25
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 | Q1 2025 |
Top 10 Performers
Showcases the top 10 HY Corp performers based on the largest bid price increases between 1/10/25 – 1/17/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | HEES 3.875 12/15/2028 144A | 3.88% | 12/15/28 | 9.16% | 99.73 | 91.36 | 26 |
| 2 | STPRAU 6.25 4/30/2026 REGS | 6.25% | 04/30/26 | 8.29% | 45.47 | 41.98 | 16 |
| 3 | CSCHLD 5.75 1/15/2030 144A | 5.75% | 01/15/30 | 7.34% | 62.93 | 58.63 | 25 |
| 4 | VODUKR 6.2 2/11/2025 REGS | 6.20% | 02/11/25 | 7.11% | 99.93 | 93.29 | 16 |
| 5 | SBBBSS 2.624 PERP | 2.62% | NULL | 5.91% | 52.29 | 49.37 | 18 |
| 6 | ALTICE 5.75 8/15/2029 144A | 5.75% | 08/15/29 | 4.51% | 75.90 | 72.63 | 10 |
| 7 | CONSEN 5.625 10/15/2028 144A | 5.63% | 10/15/28 | 4.15% | 85.39 | 81.98 | 8 |
| 8 | RGCARE 4.375 2/15/2027 144A | 4.38% | 02/15/27 | 4.08% | 99.63 | 95.72 | 28 |
| 9 | GRUB 5.5 7/1/2027 144A | 5.50% | 07/01/27 | 3.88% | 87.56 | 84.30 | 22 |
| 10 | COLOM 3.875 2/15/2061 | 3.88% | 02/15/61 | 3.79% | 52.67 | 50.75 | 24 |
Bottom 10 Performers
Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 1/10/25 – 1/17/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | ARGID 4.75 7/15/2027 REGS | 4.75% | 07/15/27 | -10.84% | 47.49 | 53.26 | 16 |
| 2 | CYH 6.875 4/15/2029 144A | 6.88% | 04/15/29 | -8.00% | 70.06 | 76.15 | 23 |
| 3 | KEMONE 5.625 11/15/2028 REGS | 5.63% | 11/15/28 | -7.82% | 67.94 | 73.71 | 21 |
| 4 | NWDEVL 8.625 2/8/2028 | 8.63% | 02/08/28 | -7.46% | 64.94 | 70.18 | 22 |
| 5 | SZUGR 0 PERP | 5.80% | NULL | -7.06% | 83.09 | 89.40 | 15 |
| 6 | MIMPET 10.25 11/10/2027 | 10.25% | 11/10/27 | -6.65% | 78.57 | 84.17 | 9 |
| 7 | UONE 7.375 2/1/2028 144A | 7.38% | 02/01/28 | -6.57% | 55.55 | 59.46 | 21 |
| 8 | WOMCHI 4.7 1/22/2028 REGS | 4.70% | 01/22/28 | -6.10% | 36.34 | 38.70 | 14 |
| 9 | UFS 6.75 2/15/2044 | 6.75% | 02/15/44 | -5.00% | 62.08 | 65.34 | 12 |
| 10 | LIFUNG 5.25 PERP | 5.25% | NULL | -4.30% | 46.69 | 48.78 | 11 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/10/25 – 1/17/25 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 1/10/25 – 1/17/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/10/25 vs. the week ending 1/17/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | ST 6.625 7/15/2032 144A | 6.63% | 07/15/32 | 63 | 188 | 125 | 198% |
| 2 | IEP 9.75 1/15/2029 | 9.75% | 01/15/29 | 24 | 139 | 115 | 479% |
| 3 | IEP 9 6/15/2030 | 9.00% | 06/15/30 | 30 | 136 | 106 | 353% |
| 4 | KILOTO FLT 7/31/2030 | 6.20% | 07/31/30 | 2 | 104 | 102 | 5100% |
| 5 | ATOFP 9 12/18/2029 | 9.00% | 12/18/29 | 72 | 154 | 82 | 114% |
| 6 | ATOFP 1 12/18/2032 | 1.00% | 12/18/32 | 60 | 139 | 79 | 132% |
| 7 | CVNA 14 6/1/2031 REGS | 9.00% | 06/01/31 | 70 | 126 | 56 | 80% |
| 8 | EIX 5.375 PERP | 5.38% | NULL | 202 | 256 | 54 | 27% |
| 9 | EIX 5 PERP | 5.00% | NULL | 184 | 234 | 50 | 27% |
| 10 | EIX 8.125 6/15/2053 | 8.23% | 06/15/53 | 187 | 237 | 50 | 27% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/10/25 – 1/17/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | F 5.875 11/7/2029 | 5.88% | 11/07/29 | 39 |
| 2 | F 6.5 2/7/2035 | 6.50% | 02/07/35 | 37 |
| 3 | SANTAN 9.625 PERP | 9.63% | 11/21/99 | 35 |
| 4 | INTNED 5.75 PERP | 5.75% | NULL | 34 |
| 5 | UBS 7 PERP | 7.00% | NULL | 34 |
| 6 | BACR 6.125 PERP | 6.13% | NULL | 34 |
| 7 | NCX 5.25 6/1/2027 144A | 5.25% | 06/01/27 | 33 |
| 8 | INTNED 7.5 PERP | 7.50% | 11/16/99 | 33 |
| 9 | LLOYDS 7.5 PERP | 7.50% | NULL | 33 |
| 10 | TMUS 5.05 7/15/2033 | 5.05% | 07/15/33 | 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 1/10/25 – 1/17/25
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