High Yield Corporate Bond Market Summary – Week Ending 1/7/22
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High Yield Corporate Bond Market Summary: Week Ending 1/7/22
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 12/31/21 – 1/7/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | YUZHOU 6.35 1/13/2027 | 6.35% | 01/13/27 | -8.65% | 27.63 | 30.24 |
| 1 | CSCHCN 11.5 2/12/2022 | 11.50% | 02/12/22 | 42.60% | 81.73 | 57.31 |
| 2 | NOGLN 8 7/25/2022 REGS | 8.00% | 07/25/22 | 37.43% | 25.42 | 18.50 |
| 3 | SMLP 9.5 PERP | 9.50% | 11/14/99 | 15.73% | 85.83 | 74.16 |
| 4 | CMS 3.75 12/1/2050 | 3.75% | 12/01/50 | 13.82% | 111.64 | 98.09 |
| 5 | RFLB 8.15 2/3/2027 | 8.15% | 02/03/27 | 13.21% | 112.58 | 99.44 |
| 6 | NOGLN 7 2/16/2025 REGS | 7.00% | 02/16/25 | 9.82% | 26.48 | 24.11 |
| 7 | ZHPRHK 10.25 PERP | 10.25% | 12/31/99 | 8.54% | 97.52 | 89.84 |
| 8 | PBFENE 7.25 6/15/2025 | 7.25% | 06/15/25 | 7.89% | 76.39 | 70.80 |
| 9 | SUNSHI 5.3 1/11/2022 | 5.30% | 01/11/22 | 6.73% | 29.26 | 27.41 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/31/21 – 1/7/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SHIMAO 4.75 7/3/2022 | 4.75% | 07/03/22 | -37.84% | 44.49 | 71.59 |
| 2 | AGILE 5.5 5/17/2026 | 5.50% | 05/17/26 | -26.88% | 42.64 | 58.32 |
| 3 | GZRFPR 9.125 7/28/2022 | 9.13% | 07/28/22 | -24.83% | 32.61 | 43.38 |
| 4 | AGILE 8.375 PERP | 8.38% | 06/04/99 | -22.30% | 36.51 | 46.99 |
| 5 | TPHL 5.75 1/14/2027 | 5.75% | 01/14/27 | -22.25% | 52.38 | 67.37 |
| 6 | KWGPRO 5.875 11/10/2024 | 5.88% | 11/10/24 | -15.89% | 60.89 | 72.39 |
| 7 | FTLNHD 4.625 10/15/2025 | 4.63% | 10/15/25 | -14.40% | 73.48 | 85.84 |
| 8 | REDSUN 9.7 4/16/2023 | 9.70% | 04/16/23 | -13.88% | 38.73 | 44.97 |
| 9 | FUTLAN 4.45 7/13/2025 | 4.45% | 07/13/25 | -13.84% | 71.66 | 83.18 |
| 10 | FTLNHD 4.8 12/15/2024 | 4.80% | 12/15/24 | -13.75% | 77.35 | 89.68 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/31/21 – 1/7/22 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 12/31/21 – 1/7/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/31/21 vs. the week ending 1/7/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | GWTH 16 7/11/2023 | 16.00% | 07/11/23 | 10 | 80 | 70 | 700% |
| 2 | NOGLN 8 7/25/2022 REGS | 8.00% | 07/25/22 | 12 | 76 | 64 | 533% |
| 3 | KLXE 11.5 11/1/2025 144A | 11.50% | 11/01/25 | 53 | 107 | 54 | 102% |
| 4 | JINGRU 12 1/28/2024 | 12.00% | 01/28/24 | 6 | 60 | 54 | 900% |
| 5 | TPHL 5.75 4/26/2022 | 5.75% | 04/26/22 | 138 | 187 | 49 | 36% |
| 6 | SKLZ 10.25 12/15/2026 144A | 10.25% | 12/15/26 | 72 | 118 | 46 | 64% |
| 7 | CVA 6 1/1/2027 | 6.00% | 01/01/27 | 181 | 226 | 45 | 25% |
| 8 | FL 8.5 1/15/2022 | 8.50% | 01/15/22 | 62 | 107 | 45 | 73% |
| 9 | DTEKUA 7 12/31/2027 | 7.00% | 12/31/27 | 42 | 82 | 40 | 95% |
| 10 | AKBHC 6 PERP 144A | 6.00% | 12/20/99 | 39 | 77 | 38 | 97% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/31/21 – 1/7/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | SUNAC 7.25 6/14/2022 | 7.25% | 06/14/22 | 36 |
| 2 | ZIGGO 5.5 1/15/2027 | 5.50% | 01/15/27 | 35 |
| 3 | CPE 8 8/1/2028 144A | 8.00% | 08/01/28 | 35 |
| 4 | DISH 5.125 6/1/2029 | 5.13% | 06/01/29 | 35 |
| 5 | CHTR 5.125 5/1/2027 | 5.13% | 05/01/27 | 35 |
| 6 | DISH 5.875 7/15/2022 | 5.88% | 07/15/22 | 35 |
| 7 | CHTR 4.25 2/1/2031 144A | 4.25% | 02/01/31 | 34 |
| 8 | DISH 5 3/15/2023 | 5.00% | 03/15/23 | 34 |
| 9 | GT 5.625 4/30/2033 | 5.63% | 04/30/33 | 34 |
| 10 | SHIMAO 4.75 7/3/2022 | 4.75% | 07/03/22 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 12/31/21 – 1/7/22 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 12/31/21 – 1/7/22
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