High Yield Corporate Bond Market Summary – Week Ending 1/15/21
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High Yield Corporate Bond Market Summary: Week Ending 1/15/21
Our newsletter presents key trends derived from observable High Yield 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 1/8/21 – 1/15/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CHK 11.5 1/1/2025 144A | 11.50% | 01/01/25 | 51.59% | 28.66 | 18.90 |
| 2 | CENREP 6.875 4/1/2027 144A | 6.88% | 04/01/27 | 22.25% | 88.28 | 72.21 |
| 3 | LTMCI 7 3/1/2026 REGS | 7.00% | 03/01/26 | 15.88% | 61.15 | 52.77 |
| 4 | GMLP 0 5/22/2020 | 6.47% | 11/22/21 | 15.69% | 98.82 | 85.41 |
| 5 | THSCPA 6.95 6/18/2022 | 6.95% | 06/18/22 | 15.25% | 67.41 | 58.49 |
| 6 | SUMMPL 5.75 4/15/2025 | 5.75% | 04/15/25 | 14.04% | 74.58 | 65.40 |
| 7 | BTECN 5.625 6/1/2024 | 5.63% | 06/01/24 | 12.91% | 82.60 | 73.15 |
| 8 | ATHCN 9.875 2/24/2022 | 9.88% | 02/24/22 | 12.57% | 42.29 | 37.57 |
| 9 | NE 7.875 2/1/2026 REGS | 7.88% | 02/01/26 | 11.48% | 55.65 | 49.92 |
| 10 | CPE 8.25 7/15/2025 | 8.25% | 07/15/25 | 10.96% | 67.52 | 60.84 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/8/21 – 1/15/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | YPFDAR 6.95 7/21/2027 144A | 6.95% | 07/21/27 | -15.39% | 58.18 | 68.77 |
| 2 | SRILIJ 7.25 1/16/2025 REGS | 7.25% | 01/16/25 | -12.08% | 83.92 | 95.45 |
| 3 | SRIRJK 6.875 3/27/2024 | 6.88% | 03/27/24 | -10.86% | 82.85 | 92.94 |
| 4 | MSUNRG 6.875 2/1/2025 REGS | 6.88% | 02/01/25 | -8.35% | 65.60 | 71.58 |
| 5 | BUENOS 0 4/12/2025 | 37.88% | 04/12/25 | -7.27% | 78.75 | 84.93 |
| 6 | ARGENT 0.125 7/9/2035 | 0.13% | 07/09/35 | -6.54% | 33.67 | 36.03 |
| 7 | SCN 10.75 8/31/2029 | 10.75% | 08/31/29 | -6.35% | 26.99 | 28.82 |
| 8 | GRNLGR 6.75 6/25/2022 | 6.75% | 06/25/22 | -6.32% | 91.52 | 97.70 |
| 9 | CBL 5.25 12/1/2023 | 5.25% | 12/01/23 | -5.96% | 37.01 | 39.35 |
| 10 | AERMEX 7 2/5/2025 REGS | 7.00% | 02/05/25 | -5.68% | 36.59 | 38.79 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/8/21 – 1/15/21 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 1/8/21 – 1/15/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/8/21 vs. the week ending 1/15/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | AKBNK 7.2 3/16/2027 | 7.20% | 03/16/27 | 37 | 179 | 142 | 384% |
| 2 | HTZ 5.5 10/15/2024 | 5.50% | 10/15/24 | 138 | 220 | 82 | 59% |
| 3 | VEDLN 13.875 1/21/2024 REGS | 13.88% | 01/21/24 | 114 | 180 | 66 | 58% |
| 4 | AMC 5.875 11/15/2026 | 5.88% | 11/15/26 | 11 | 74 | 63 | 573% |
| 5 | ROIAK 8.75 12/15/2022 144A | 8.75% | 12/15/22 | 91 | 153 | 62 | 68% |
| 6 | SBAC 3.875 2/15/2027 | 3.88% | 02/15/27 | 116 | 178 | 62 | 53% |
| 7 | CBSOAM 5.625 2/15/2024 | 5.63% | 02/15/24 | 180 | 242 | 62 | 34% |
| 8 | HILCRP 5 12/1/2024 | 5.00% | 12/01/24 | 140 | 197 | 57 | 41% |
| 9 | LVLT 5.375 1/15/2024 | 5.38% | 01/15/24 | 211 | 262 | 51 | 24% |
| 10 | CHGRAU 5.625 PERP | 9.91% | 10/30/99 | 48 | 98 | 50 | 104% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/8/21 – 1/15/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AR 5.125 12/1/2022 | 5.13% | 12/01/22 | 35 |
| 2 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 33 |
| 3 | CBSOAM 5.625 2/15/2024 | 5.63% | 02/15/24 | 33 |
| 4 | VVV 4.375 8/15/2025 | 4.38% | 08/15/25 | 32 |
| 5 | LVLT 5.375 1/15/2024 | 5.38% | 01/15/24 | 32 |
| 6 | ENR 7.75 1/15/2027 144A | 7.75% | 01/15/27 | 32 |
| 7 | PETBRA 6.9 3/19/2049 | 6.90% | 03/19/49 | 31 |
| 8 | PETBRA 6.25 3/17/2024 | 6.25% | 03/17/24 | 31 |
| 9 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 31 |
| 10 | PETBRA 5.999 1/27/2028 | 6.00% | 01/27/28 | 31 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 1/8/21 – 1/15/21 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 1/8/21 – 1/15/21
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