High Yield Corporate Bond Market Summary – Week Ending 1/22/21
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High Yield Corporate Bond Market Summary: Week Ending 1/22/21
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 1/15/21 – 1/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | AMC 12 6/15/2026 144A | 12.00% | 06/15/26 | 33.55% | 37.37 | 27.99 |
| 2 | DOUGR 8.75 7/15/2023 | 8.75% | 07/15/23 | 25.25% | 83.05 | 66.31 |
| 3 | SPN 7.125 12/15/2021 | 7.13% | 12/15/21 | 24.54% | 38.77 | 31.13 |
| 4 | GMLP 0 11/15/2022 | 8.32% | 11/15/22 | 22.28% | 99.04 | 81.00 |
| 5 | SPN 7.75 9/15/2024 | 7.75% | 09/15/24 | 21.86% | 38.70 | 31.76 |
| 6 | ATHCN 9.875 2/24/2022 | 9.88% | 02/24/22 | 20.69% | 51.04 | 42.29 |
| 7 | NGL 7.5 11/1/2023 | 7.50% | 11/01/23 | 17.61% | 92.10 | 78.31 |
| 8 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | 12.72% | 65.28 | 57.91 |
| 9 | SRIRJK 6.875 3/27/2024 | 6.88% | 03/27/24 | 10.69% | 91.71 | 82.85 |
| 10 | CYH 6.875 4/1/2028 144A | 6.88% | 04/01/28 | 10.32% | 89.13 | 80.79 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/15/21 – 1/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CHFOTN 8.75 9/28/2022 | 8.75% | 09/28/22 | -30.25% | 51.80 | 74.26 |
| 2 | YESTAR 6.9 9/15/2021 | 6.90% | 09/15/21 | -10.35% | 45.16 | 50.38 |
| 3 | ECUA 0.5 7/31/2030 REGS | 6.16% | 07/31/30 | -7.23% | 53.80 | 57.99 |
| 4 | DOFSQ 4.875 11/1/2043 | 4.88% | 11/01/43 | -6.86% | 18.33 | 19.68 |
| 5 | MDLNIJ 10.75 8/30/2021 | 10.75% | 08/30/21 | -6.42% | 30.22 | 32.29 |
| 6 | BGG 6.875 12/15/2020 | 6.88% | 12/15/20 | -5.59% | 7.81 | 8.28 |
| 7 | YPFDAR 8.5 7/28/2025 | 8.50% | 07/28/25 | -5.35% | 77.43 | 81.81 |
| 8 | MUR 5.875 12/1/2027 | 5.88% | 12/01/27 | -5.29% | 94.83 | 100.13 |
| 9 | NEUQUE 7.5 4/27/2025 | 7.50% | 04/27/25 | -4.99% | 59.00 | 62.10 |
| 10 | OXY 4.625 6/15/2045 | 4.63% | 06/15/45 | -4.26% | 88.81 | 92.76 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/15/21 – 1/22/21 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 1/15/21 – 1/22/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/15/21 vs. the week ending 1/22/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | AMC 5.875 11/15/2026 | 5.88% | 11/15/26 | 74 | 195 | 121 | 164% |
| 2 | SBPLLC 6.375 9/30/2026 | 6.38% | 09/30/26 | 3 | 122 | 119 | 3967% |
| 3 | BACR 6.125 10/25/2029 | 6.13% | 10/25/29 | 4 | 101 | 97 | 2425% |
| 4 | CHTR 4.5 2/1/2024 | 4.50% | 02/01/24 | 59 | 148 | 89 | 151% |
| 5 | AKBNK 6.797 4/27/2028 REGS | 6.80% | 04/27/28 | 64 | 147 | 83 | 130% |
| 6 | FTR 8.875 9/15/2020 | 8.88% | 09/15/20 | 25 | 100 | 75 | 300% |
| 7 | RLTAIN 8.875 7/24/2019 | 8.88% | 07/24/19 | 18 | 90 | 72 | 400% |
| 8 | MCGMCG 8 11/30/2024 | 8.00% | 11/30/24 | 2 | 68 | 66 | 3300% |
| 9 | ASRIIJ 6.25 11/2/2025 | 6.25% | 11/02/25 | 44 | 110 | 66 | 150% |
| 10 | MERC 6.5 2/1/2024 | 6.50% | 02/01/24 | 153 | 211 | 58 | 38% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/15/21 – 1/22/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | JBSSBZ 5.75 6/15/2025 | 5.75% | 06/15/25 | 37 |
| 2 | AR 5.125 12/1/2022 | 5.13% | 12/01/22 | 34 |
| 3 | TDG 6.5 7/15/2024 | 6.50% | 07/15/24 | 34 |
| 4 | NGLS 5.125 2/1/2025 | 5.13% | 02/01/25 | 33 |
| 5 | CBSOAM 5.625 2/15/2024 | 5.63% | 02/15/24 | 33 |
| 6 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 33 |
| 7 | LVLT 5.375 1/15/2024 | 5.38% | 01/15/24 | 33 |
| 8 | LAMR 5.75 2/1/2026 | 5.75% | 02/01/26 | 32 |
| 9 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 31 |
| 10 | PETBRA 7.375 1/17/2027 | 7.38% | 01/17/27 | 31 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 1/15/21 – 1/22/21 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 1/15/21 – 1/22/21
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