High Yield Corporate Bond Market Summary – Week Ending 10/29/21
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High Yield Corporate Bond Market Summary: Week Ending 10/29/21
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 10/22/21 – 10/29/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | AGGHOL 6.875 11/9/2025 | 6.88% | 11/09/25 | 13.19% | 63.69 | 56.26 |
| 2 | NOGLN 7 2/16/2025 REGS | 7.00% | 02/16/25 | 9.24% | 26.60 | 24.35 |
| 3 | GRNLGR 6.125 4/22/2023 | 6.13% | 04/22/23 | 8.67% | 69.66 | 64.10 |
| 4 | CBL 5.25 12/1/2023 | 5.25% | 12/01/23 | 5.87% | 76.51 | 72.26 |
| 5 | SRILAN 5.75 4/18/2023 REGS | 5.75% | 04/18/23 | 5.82% | 68.60 | 64.83 |
| 6 | USJACU 9.875 11/9/2023 REGS | 9.88% | 11/09/23 | 5.42% | 32.07 | 30.42 |
| 7 | DLLTD 8 4/1/2025 REGS | 8.00% | 04/01/25 | 5.41% | 96.84 | 91.87 |
| 8 | EXLINT 10 7/15/2023 144A | 10.00% | 07/15/23 | 5.40% | 82.40 | 78.17 |
| 9 | BTUN 6.75 10/31/2023 REGS | 6.75% | 10/31/23 | 5.12% | 85.41 | 81.25 |
| 10 | INDTLL 5.5 8/19/2024 REGS | 5.50% | 08/19/24 | 5.03% | 99.61 | 94.84 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/22/21 – 10/29/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CAPG 7.95 2/19/2023 | 7.95% | 02/19/23 | -31.44% | 46.77 | 68.21 |
| 2 | JIAYUA 11 2/17/2024 | 11.00% | 02/17/24 | -29.06% | 59.74 | 84.22 |
| 3 | YUZHOU 9.95 6/8/2023 | 9.95% | 06/08/23 | -18.21% | 52.58 | 64.29 |
| 4 | RONXIN 8.75 10/25/2022 | 8.75% | 10/25/22 | -16.33% | 45.27 | 54.11 |
| 5 | ZHPRHK 6.5 9/1/2022 | 6.50% | 09/01/22 | -14.44% | 72.77 | 85.06 |
| 6 | KWGPRO 6.3 2/13/2026 | 6.30% | 02/13/26 | -14.38% | 76.86 | 89.77 |
| 7 | TPHL 5.75 1/14/2027 | 5.75% | 01/14/27 | -12.09% | 76.45 | 86.97 |
| 8 | CHINSC 5.95 9/29/2024 | 5.95% | 09/29/24 | -8.98% | 81.73 | 89.80 |
| 9 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -7.39% | 29.55 | 31.90 |
| 10 | SUNAC 8.35 4/19/2023 | 8.35% | 04/19/23 | -7.18% | 77.36 | 83.34 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/22/21 – 10/29/21 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 10/22/21 – 10/29/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/22/21 vs. the week ending 10/29/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | PZZA 3.875 9/15/2029 144A | 3.88% | 09/15/29 | 10 | 207 | 197 | 1970% |
| 2 | VIAV 3.75 10/1/2029 | 3.75% | 10/01/29 | 14 | 191 | 177 | 1264% |
| 3 | HBRLN 5.5 10/15/2026 144A | 5.50% | 10/15/26 | 48 | 140 | 92 | 192% |
| 4 | RWCATS 7.75 11/1/2026 | 7.75% | 11/01/26 | 108 | 166 | 58 | 54% |
| 5 | TBIGIJ 2.75 1/20/2026 | 2.75% | 01/20/26 | 162 | 214 | 52 | 32% |
| 6 | NFLX 4.375 11/15/2026 | 4.38% | 11/15/26 | 237 | 289 | 52 | 22% |
| 7 | CARLTV 11.5 12/15/2026 144A | 11.50% | 12/15/26 | 67 | 118 | 51 | 76% |
| 8 | NFLX 5.875 11/15/2028 | 5.88% | 11/15/28 | 237 | 287 | 50 | 21% |
| 9 | DELL 7.125 6/15/2024 | 7.13% | 06/15/24 | 239 | 286 | 47 | 20% |
| 10 | NFLX 4.875 4/15/2028 | 4.88% | 04/15/28 | 237 | 282 | 45 | 19% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/22/21 – 10/29/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | SBAC 4.875 9/1/2024 | 4.88% | 09/01/24 | 42 |
| 2 | CGPHLC 5.25 10/15/2025 144A | 5.25% | 10/15/25 | 37 |
| 3 | LW 4.875 11/1/2026 | 4.88% | 11/01/26 | 37 |
| 4 | BLL 5 3/15/2022 | 5.00% | 03/15/22 | 37 |
| 5 | DELL 7.125 6/15/2024 | 7.13% | 06/15/24 | 37 |
| 6 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 37 |
| 7 | LW 4.625 11/1/2024 | 4.63% | 11/01/24 | 37 |
| 8 | FCX 3.55 3/1/2022 | 3.55% | 03/01/22 | 37 |
| 9 | EVERRE 12 1/22/2024 | 12.00% | 01/22/24 | 37 |
| 10 | F 8.5 4/21/2023 | 8.50% | 04/21/23 | 37 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 10/22/21 – 10/29/21 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 10/22/21 – 10/29/21
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