High Yield Corporate Bond Market Summary – Week Ending 1/21/22
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High Yield Corporate Bond Market Summary: Week Ending 1/21/22
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 1/14/22 – 1/21/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SUNAC 6.5 1/26/2026 | 6.50% | 01/26/26 | 59.52% | 65.55 | 41.09 |
| 2 | SHIMAO 5.6 7/15/2026 | 5.60% | 07/15/26 | 43.06% | 42.99 | 30.05 |
| 3 | YUZHOU 8.3 5/27/2025 | 8.30% | 05/27/25 | 39.94% | 19.97 | 14.27 |
| 4 | TPHL 6.75 7/8/2025 | 6.75% | 07/08/25 | 38.97% | 50.44 | 36.29 |
| 5 | DSPORT 12.75 12/1/2026 144A | 12.75% | 12/01/26 | 37.38% | 77.09 | 56.12 |
| 6 | KWGPRO 5.875 11/10/2024 | 5.88% | 11/10/24 | 37.26% | 60.65 | 44.19 |
| 7 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 34.39% | 17.19 | 12.79 |
| 8 | PWRLNG 5.95 4/30/2025 | 5.95% | 04/30/25 | 31.52% | 76.96 | 58.51 |
| 9 | AGILE 4.85 8/31/2022 | 4.85% | 08/31/22 | 27.28% | 44.13 | 34.67 |
| 10 | CENCHI 6.875 8/8/2022 | 6.88% | 08/08/22 | 27.22% | 62.46 | 49.09 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/14/22 – 1/21/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | REDSUN 7.3 1/13/2025 | 7.30% | 01/13/25 | -23.82% | 23.38 | 30.68 |
| 2 | CREAL 9.125 PERP REGS | 9.13% | 11/29/99 | -20.39% | 38.48 | 48.33 |
| 3 | CAPG 7.95 6/21/2024 | 7.95% | 06/21/24 | -20.18% | 14.10 | 17.67 |
| 4 | REDPRO 13 5/27/2023 | 13.00% | 05/27/23 | -9.47% | 40.47 | 44.70 |
| 5 | DSPORT 5.375 8/15/2026 144A | 5.38% | 08/15/26 | -8.64% | 45.63 | 49.95 |
| 6 | INTHOL 8.375 5/13/2026 REGS | 8.38% | 05/13/26 | -8.40% | 76.34 | 83.34 |
| 7 | CRBKMO 7.625 PERP REGS | 7.63% | 01/04/99 | -7.62% | 83.25 | 90.12 |
| 8 | METINV 8.5 4/23/2026 REGS | 8.50% | 04/23/26 | -7.27% | 89.69 | 96.72 |
| 9 | ROADKG 7.75 PERP | 7.75% | 11/18/99 | -6.82% | 79.36 | 85.18 |
| 10 | ENTRIO 8.75 2/8/2025 | 5.00% | 08/08/28 | -6.33% | 65.12 | 69.52 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/14/22 – 1/21/22 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 1/14/22 – 1/21/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/14/22 vs. the week ending 1/22/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CCL 6 5/1/2029 REGS | 6.00% | 05/01/29 | 10 | 229 | 219 | 2190% |
| 2 | HEXWIN 5.375 10/31/2026 REGS | 5.38% | 10/31/26 | 65 | 218 | 153 | 235% |
| 3 | COIN 3.625 10/1/2031 144A | 3.63% | 10/01/31 | 165 | 309 | 144 | 87% |
| 4 | BAKIDE 6.99 2/20/2032 REGS | 6.99% | 02/20/32 | 43 | 176 | 133 | 309% |
| 5 | WOORIB 2 1/20/2027 REGS | 2.00% | 01/20/27 | 8 | 118 | 110 | 1375% |
| 6 | CCL 7.625 3/1/2026 144A | 7.63% | 03/01/26 | 129 | 216 | 87 | 67% |
| 7 | NGGLN 3.586 1/18/2052 | 3.59% | 01/18/52 | 37 | 118 | 81 | 219% |
| 8 | BXSL 2.85 9/30/2028 REGS | 2.85% | 09/30/28 | 6 | 85 | 79 | 1317% |
| 9 | CEMEX 5.125 PERP REGS | 5.13% | 09/08/99 | 35 | 113 | 78 | 223% |
| 10 | GCCAMM 3.614 4/20/2032 REGS | 3.61% | 04/20/32 | 94 | 164 | 70 | 74% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/14/22 – 1/21/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | ZIGGO 5.5 1/15/2027 | 5.50% | 01/15/27 | 40 |
| 2 | F 2.3 2/10/2025 | 2.30% | 02/10/25 | 40 |
| 3 | RRC 9.25 2/1/2026 | 9.25% | 02/01/26 | 38 |
| 4 | DISH 5.875 11/15/2024 | 5.88% | 11/15/24 | 38 |
| 5 | NUGGET 6.75 10/15/2024 | 6.75% | 10/15/24 | 38 |
| 6 | CVA 6 1/1/2027 | 6.00% | 01/01/27 | 37 |
| 7 | DISH 5.125 6/1/2029 | 5.13% | 06/01/29 | 37 |
| 8 | DISH 7.75 7/1/2026 | 7.75% | 07/01/26 | 37 |
| 9 | DISH 5 3/15/2023 | 5.00% | 03/15/23 | 37 |
| 10 | NUGGET 8.75 10/1/2025 144A | 8.75% | 10/01/25 | 37 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 1/14/22 – 1/21/22 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 1/14/22 – 1/21/22
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