High Yield Corporate Bond Market Summary – Week Ending 10/15/21
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High Yield Corporate Bond Market Summary: Week Ending 10/15/21
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 10/8/21 – 10/15/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CENCHI 6.75 11/8/2021 | 6.75% | 11/08/21 | 12.44% | 90.09 | 80.13 |
| 2 | TLN 6.5 6/1/2025 | 6.50% | 06/01/25 | 9.47% | 53.07 | 48.48 |
| 3 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | 9.01% | 70.99 | 65.13 |
| 4 | MOBYIT 7.75 2/15/2023 | 7.75% | 02/15/23 | 8.80% | 56.39 | 51.83 |
| 5 | JIAYUA 13.75 3/11/2022 | 13.75% | 03/11/22 | 8.22% | 98.46 | 90.98 |
| 6 | NOGLN 7 2/16/2025 REGS | 7.00% | 02/16/25 | 7.78% | 26.76 | 24.82 |
| 7 | KWGPRO 5.2 9/21/2022 | 5.20% | 09/21/22 | 7.49% | 91.89 | 85.49 |
| 8 | SUNAC 7.95 10/11/2023 | 7.95% | 10/11/23 | 7.30% | 74.42 | 69.36 |
| 9 | MONTE 8.5 9/10/2030 | 8.50% | 09/10/30 | 6.98% | 91.03 | 85.09 |
| 10 | YANGOG 11.75 9/8/2022 | 11.75% | 09/08/22 | 6.88% | 80.16 | 75.00 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/8/21 – 10/15/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | KAISAG 10.875 PERP | 10.88% | 12/31/99 | -44.20% | 37.86 | 67.84 |
| 2 | RONXIN 8.95 1/22/2023 | 8.95% | 01/22/23 | -25.84% | 48.27 | 65.09 |
| 3 | REDSUN 9.5 9/20/2023 | 9.50% | 09/20/23 | -21.26% | 64.87 | 82.40 |
| 4 | CSCHCN 7.25 11/20/2022 | 7.25% | 11/20/22 | -18.89% | 45.02 | 55.50 |
| 5 | ZHPRHK 6.5 9/1/2022 | 6.50% | 09/01/22 | -18.82% | 72.42 | 89.21 |
| 6 | YUZHOU 9.95 6/8/2023 | 9.95% | 06/08/23 | -14.96% | 53.32 | 62.70 |
| 7 | REDPRO 11 8/6/2022 | 11.00% | 08/06/22 | -14.21% | 74.85 | 87.25 |
| 8 | AGGHOL 6.875 11/9/2025 | 6.88% | 11/09/25 | -14.09% | 57.56 | 66.99 |
| 9 | AGILE 7.75 PERP | 7.75% | 11/25/99 | -12.50% | 70.71 | 80.81 |
| 10 | GRNLGR 6.75 4/21/2022 | 6.75% | 04/21/22 | -11.97% | 61.42 | 69.78 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/8/21 – 10/15/21 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 10/8/21 – 10/15/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/8/21 vs. the week ending 10/15/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | SUN 4.5 5/15/2029 | 4.50% | 05/15/29 | 114 | 254 | 140 | 123% |
| 2 | CNXMPF 4.75 4/15/2030 144A | 4.75% | 04/15/30 | 176 | 234 | 58 | 33% |
| 3 | FTHDGR 14.5 6/25/2024 | 14.50% | 06/25/24 | 11 | 68 | 57 | 518% |
| 4 | FTHDGR 10.875 1/9/2023 | 10.88% | 01/09/23 | 257 | 311 | 54 | 21% |
| 5 | FTHDGR 12.25 10/18/2022 | 12.25% | 10/18/22 | 252 | 306 | 54 | 21% |
| 6 | ATHCN 9.875 2/24/2022 | 9.88% | 02/24/22 | 207 | 252 | 45 | 22% |
| 7 | FTHDGR 11.875 6/1/2023 | 11.88% | 06/01/23 | 249 | 294 | 45 | 18% |
| 8 | FTHDGR 10.875 3/2/2024 | 10.88% | 03/02/24 | 257 | 301 | 44 | 17% |
| 9 | SBAC 4.875 9/1/2024 | 4.88% | 09/01/24 | 235 | 279 | 44 | 19% |
| 10 | ADLERR 1.875 4/27/2023 | 1.88% | 04/27/23 | 231 | 273 | 42 | 18% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/8/21 – 10/15/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 48 |
| 2 | COIN 3.625 10/1/2031 144A | 3.63% | 10/01/31 | 40 |
| 3 | ACI 5.75 3/15/2025 | 5.75% | 03/15/25 | 39 |
| 4 | UNIT 7.125 12/15/2024 | 7.13% | 12/15/24 | 39 |
| 5 | BLL 5 3/15/2022 | 5.00% | 03/15/22 | 39 |
| 6 | CGPHLC 5.25 10/15/2025 144A | 5.25% | 10/15/25 | 38 |
| 7 | X 6.25 3/15/2026 | 6.25% | 03/15/26 | 38 |
| 8 | CCL 11.5 4/1/2023 144A | 11.50% | 04/01/23 | 38 |
| 9 | RRR 5 10/1/2025 144A | 5.00% | 10/01/25 | 38 |
| 10 | SFRFP 7.375 5/1/2026 | 7.38% | 05/01/26 | 38 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 10/8/21 – 10/15/21 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 10/8/21 – 10/15/21
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