High Yield Corporate Bond Market Summary – Week Ending 10/30/20
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High Yield Corporate Bond Market Summary: Week Ending 10/30/20
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 10/23/20 – 10/30/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | MCGHLL 7.875 5/15/2024 | 7.88% | 05/15/24 | 21.51% | 74.67 | 61.45 |
| 2 | CVECN 4.45 9/15/2042 | 4.45% | 09/15/42 | 21.26% | 85.57 | 70.57 |
| 3 | GALCLD 6.5 9/15/2024 REGS | 6.50% | 09/15/24 | 11.62% | 66.52 | 59.59 |
| 4 | ASTONM 6.5 4/15/2022 | 6.50% | 04/15/22 | 11.51% | 100.26 | 89.90 |
| 5 | ASRIIJ 11.5 4/22/2021 | 11.50% | 04/22/21 | 10.77% | 90.78 | 81.95 |
| 6 | CONSEN 6.5 5/15/2026 REGS | 6.50% | 05/15/26 | 3.24% | 91.88 | 89.00 |
| 7 | CYH 6.875 4/1/2028 144A | 6.88% | 04/01/28 | 3.22% | 50.05 | 48.49 |
| 8 | KENINT 8.25 2/28/2048 REGS | 8.25% | 02/28/48 | 2.95% | 101.91 | 98.99 |
| 9 | IVYCST 6.625 3/22/2048 REGS | 6.63% | 03/22/48 | 2.83% | 94.17 | 91.58 |
| 10 | ETP 5.15 2/1/2043 | 5.15% | 02/01/43 | 2.82% | 93.60 | 91.03 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/23/20 – 10/30/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PBFENE 7.25 6/15/2025 | 7.25% | 06/15/25 | -26.44% | 41.46 | 56.36 |
| 2 | PBFX 6.875 5/15/2023 | 6.88% | 05/15/23 | -11.49% | 78.19 | 88.34 |
| 3 | MSSCRK 7.5 1/15/2026 144A | 7.50% | 01/15/26 | -11.41% | 49.61 | 56.00 |
| 4 | AMC 10.5 4/15/2025 144A | 10.50% | 04/15/25 | -11.34% | 53.16 | 59.95 |
| 5 | YPFDAR 7 12/15/2047 REGS | 7.00% | 12/15/47 | -9.81% | 49.79 | 55.20 |
| 6 | GEO 5.875 10/15/2024 | 5.88% | 10/15/24 | -8.66% | 69.33 | 75.91 |
| 7 | AAL 5 6/1/2022 144A | 5.00% | 06/01/22 | -8.37% | 65.46 | 71.44 |
| 8 | OXY 3.5 8/15/2029 | 3.50% | 08/15/29 | -7.33% | 72.29 | 78.01 |
| 9 | DOUGR 6.25 7/15/2022 | 6.25% | 07/15/22 | -7.07% | 83.04 | 89.36 |
| 10 | SRILAN 6.825 7/18/2026 | 6.83% | 07/18/26 | -6.96% | 54.67 | 58.76 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/23/20 – 10/30/20 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 10/23/20 – 10/30/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/23/20 vs. the week ending 10/30/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | VEDLN 8 4/23/2023 144A | 8.00% | 04/23/23 | 46 | 240 | 194 | 422% |
| 2 | LAMR 4 2/15/2030 | 4.00% | 02/15/30 | 122 | 210 | 88 | 72% |
| 3 | VEDLN 8.25 6/7/2021 | 8.25% | 06/07/21 | 222 | 280 | 58 | 26% |
| 4 | BNP 6.75 PERP | 6.75% | 12/29/49 | 201 | 255 | 54 | 27% |
| 5 | MGM 4.75 10/15/2028 | 4.75% | 10/15/28 | 152 | 204 | 52 | 34% |
| 6 | NLOK 2 8/15/2022 | 2.00% | 08/15/22 | 6 | 50 | 44 | 733% |
| 7 | MIICF 6 3/15/2025 | 6.00% | 03/15/25 | 164 | 206 | 42 | 26% |
| 8 | MAXN 6.5 7/15/2025 | 6.50% | 07/15/25 | 2 | 40 | 38 | 1900% |
| 9 | PRO 2.25 9/15/2027 | 2.25% | 09/15/27 | 6 | 42 | 36 | 600% |
| 10 | KOANO 5 7/15/2025 REGS | 5.00% | 07/15/25 | 104 | 140 | 36 | 35% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/23/20 – 10/30/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | F 8.5 4/21/2023 | 8.50% | 04/21/23 | 34 |
| 2 | ROLLS 5.75 10/15/2027 REGS | 5.75% | 10/15/27 | 33 |
| 3 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 33 |
| 4 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 33 |
| 5 | PETBRA 5.999 1/27/2028 | 6.00% | 01/27/28 | 33 |
| 6 | PETBRA 5.75 2/1/2029 | 5.75% | 02/01/29 | 32 |
| 7 | PETBRA 7.375 1/17/2027 | 7.38% | 01/17/27 | 32 |
| 8 | PETBRA 5.625 5/20/2043 | 5.63% | 05/20/43 | 32 |
| 9 | DSPORT 5.375 8/15/2026 144A | 5.38% | 08/15/26 | 32 |
| 10 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 32 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 10/23/20 – 10/30/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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