High Yield Corporate Bond Market Summary – Week Ending 1/14/22
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High Yield Corporate Bond Market Summary: Week Ending 1/14/22
Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.
Top 10 Winners
Showcases the top 10 HY Corp “winners” based on the largest bid price increases between 1/7/22 – 1/14/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | TLN 6.5 6/1/2025 | 6.50% | 06/01/25 | 7.93% | 43.72 | 40.51 |
| 2 | NDB 0 6/29/2049 | 1.03% | 06/29/49 | 7.75% | 56.02 | 51.99 |
| 3 | SELNSW 12 10/1/2026 | 12.00% | 10/01/26 | 6.71% | 81.22 | 76.12 |
| 4 | PCG 5.5 8/16/2023 | 5.50% | 08/16/23 | 6.11% | 120.50 | 113.56 |
| 5 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | 5.83% | 73.07 | 69.05 |
| 6 | DSPORT 12.75 12/1/2026 144A | 12.75% | 12/01/26 | 5.60% | 56.12 | 53.14 |
| 7 | REITDU 5.125 12/12/2022 | 5.13% | 12/12/22 | 5.55% | 79.92 | 75.71 |
| 8 | MTNLN 9.5 1/31/2024 REGS | 9.50% | 01/31/24 | 5.49% | 73.86 | 70.02 |
| 9 | RRD 8.5 4/15/2029 144A | 8.50% | 04/15/29 | 5.24% | 161.74 | 153.68 |
| 10 | SHLFDI 8.25 2/15/2025 144A | 8.25% | 02/15/25 | 4.03% | 77.30 | 74.31 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/7/22 – 1/14/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | AGILE 5.75 1/2/2025 | 5.75% | 01/02/25 | -39.62% | 31.29 | 51.82 |
| 2 | ZHPRHK 6.5 9/1/2022 | 6.50% | 09/01/22 | -34.39% | 44.29 | 67.50 |
| 3 | CENCHI 7.25 8/13/2024 | 7.25% | 08/13/24 | -34.10% | 36.87 | 55.94 |
| 4 | TPHL 6.6 3/2/2023 | 6.60% | 03/02/23 | -33.49% | 41.17 | 61.90 |
| 5 | KWGPRO 6 8/14/2026 | 6.00% | 08/14/26 | -30.93% | 41.94 | 60.73 |
| 6 | SUNAC 6.5 1/10/2025 | 6.50% | 01/10/25 | -29.08% | 41.23 | 58.13 |
| 7 | REDSUN 9.5 9/20/2023 | 9.50% | 09/20/23 | -23.91% | 29.20 | 38.38 |
| 8 | LOGPH 5.25 10/19/2025 | 5.25% | 10/19/25 | -20.91% | 67.70 | 85.60 |
| 9 | PWRLNG 6.25 8/10/2024 | 6.25% | 08/10/24 | -20.19% | 61.39 | 76.92 |
| 10 | CHINSC 5.95 9/29/2024 | 5.95% | 09/29/24 | -18.51% | 62.71 | 76.95 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/7/22 – 1/14/22 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 1/7/22 – 1/14/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/7/22 vs. the week ending 1/14/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | KAISAG 8.5 6/30/2022 | 8.50% | 06/30/22 | 181 | 291 | 110 | 61% |
| 2 | FORD MTR CR CO LLC MEDIUM TERM | 2.30% | 09/20/25 | 44 | 110 | 66 | 150% |
| 3 | BUENOS 3.5 9/1/2037 144A | 3.50% | 09/01/37 | 64 | 123 | 59 | 92% |
| 4 | DTEKUA 7 12/31/2027 | 7.00% | 12/31/27 | 82 | 138 | 56 | 68% |
| 5 | NM 7.375 1/15/2022 | 7.38% | 01/15/22 | 164 | 218 | 54 | 33% |
| 6 | CNC 2.5 3/1/2031 | 2.50% | 03/01/31 | 229 | 281 | 52 | 23% |
| 7 | CKEALP 8.5 12/15/2022 144A | 8.50% | 12/15/22 | 130 | 181 | 51 | 39% |
| 8 | KHC 5 6/4/2042 | 5.00% | 06/04/42 | 181 | 231 | 50 | 28% |
| 9 | NUGGET 8.75 10/1/2025 144A | 8.75% | 10/01/25 | 199 | 248 | 49 | 25% |
| 10 | TPHL 5.75 4/26/2022 | 5.75% | 04/26/22 | 187 | 235 | 48 | 26% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/7/22 – 1/14/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | ZIGGO 5.5 1/15/2027 | 5.50% | 01/15/27 | 40 |
| 2 | NUGGET 6.75 10/15/2024 | 6.75% | 10/15/24 | 38 |
| 3 | DISH 5.125 6/1/2029 | 5.13% | 06/01/29 | 38 |
| 4 | MEDIND 3.875 4/1/2029 144A | 3.88% | 04/01/29 | 37 |
| 5 | DTV 5.875 8/15/2027 144A | 5.88% | 08/15/27 | 37 |
| 6 | DISH 7.75 7/1/2026 | 7.75% | 07/01/26 | 37 |
| 7 | DISH 5 3/15/2023 | 5.00% | 03/15/23 | 37 |
| 8 | DISH 5.875 7/15/2022 | 5.88% | 07/15/22 | 36 |
| 9 | CVA 6 1/1/2027 | 6.00% | 01/01/27 | 36 |
| 10 | NUGGET 8.75 10/1/2025 144A | 8.75% | 10/01/25 | 36 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 1/7/22 – 1/14/22 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 1/7/22 – 1/14/22
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