High Yield Corporate Bond Market Summary – Week Ending 10/8/21
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High Yield Corporate Bond Market Summary: Week Ending 10/8/21
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 10/1/21 – 10/8/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SVKING 7.875 10/1/2022 | 7.88% | 10/01/22 | 20.88% | 99.56 | 82.37 |
| 2 | AERMEX 7 2/5/2025 REGS | 7.00% | 02/05/25 | 11.57% | 87.75 | 78.65 |
| 3 | ODEBRE 7.72 12/1/2026 REGS | 7.72% | 12/01/26 | 10.00% | 25.61 | 23.28 |
| 4 | GEO 6 4/15/2026 | 6.00% | 04/15/26 | 5.72% | 83.38 | 78.86 |
| 5 | BAHAMA 6 11/21/2028 REGS | 6.00% | 11/21/28 | 5.42% | 91.03 | 86.34 |
| 6 | MONTE 8 1/22/2030 | 8.00% | 01/22/30 | 4.59% | 83.69 | 80.01 |
| 7 | ELSALV 9.5 7/15/2052 REGS | 9.50% | 07/15/52 | 4.40% | 80.79 | 77.39 |
| 8 | RIG 6.8 3/15/2038 | 6.80% | 03/15/38 | 4.19% | 60.96 | 58.51 |
| 9 | PERLNG 5.375 3/22/2030 REGS | 5.38% | 03/22/30 | 4.00% | 83.96 | 80.74 |
| 10 | SRILAN 5.875 7/25/2022 | 5.88% | 07/25/22 | 3.91% | 76.59 | 73.71 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/1/21 – 10/8/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | KAISAG 11.25 4/16/2025 | 11.25% | 04/16/25 | -35.23% | 50.06 | 77.29 |
| 2 | RONXIN 7.35 12/15/2023 | 7.35% | 12/15/23 | -32.68% | 49.77 | 73.92 |
| 3 | CENCHI 7.65 8/27/2023 | 7.65% | 08/27/23 | -29.73% | 44.95 | 63.97 |
| 4 | SUNSHI 9.25 4/15/2023 | 9.25% | 04/15/23 | -28.19% | 58.52 | 81.49 |
| 5 | YUZHOU 7.85 8/12/2026 | 7.85% | 08/12/26 | -26.17% | 49.21 | 66.66 |
| 6 | GRNLGR 6.75 3/3/2024 | 6.75% | 03/03/24 | -24.54% | 45.75 | 60.62 |
| 7 | CAPG 5.375 9/13/2022 | 5.38% | 09/13/22 | -21.89% | 70.18 | 89.85 |
| 8 | CSCHCN 10.75 4/11/2023 | 10.75% | 04/11/23 | -17.82% | 48.92 | 59.53 |
| 9 | REDSUN 10.5 10/3/2022 | 10.50% | 10/03/22 | -17.81% | 75.87 | 92.31 |
| 10 | SUNAC 7.95 10/11/2023 | 7.95% | 10/11/23 | -17.15% | 69.36 | 83.72 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/1/21 – 10/8/21 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 10/1/21 – 10/8/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/1/21 vs. the week ending 10/8/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | LXU 6.25 10/15/2028 144A | 6.25% | 10/15/28 | 60 | 215 | 155 | 258% |
| 2 | SERBIA 1 9/23/2028 REGS | 1.00% | 09/23/28 | 30 | 170 | 140 | 467% |
| 3 | OGN 4.125 4/30/2028 REGS | 4.13% | 04/30/28 | 39 | 174 | 135 | 346% |
| 4 | CNXMPF 4.75 4/15/2030 144A | 4.75% | 04/15/30 | 45 | 176 | 131 | 291% |
| 5 | OGN 5.125 4/30/2031 REGS | 5.13% | 04/30/31 | 40 | 170 | 130 | 325% |
| 6 | CROX 4.125 8/15/2031 144A | 4.13% | 08/15/31 | 77 | 198 | 121 | 157% |
| 7 | COIN 3.625 10/31/2031 REGS | 3.63% | 10/31/31 | 188 | 282 | 94 | 50% |
| 8 | SWCH 4.125 6/15/2029 144A | 4.13% | 06/15/29 | 73 | 167 | 94 | 129% |
| 9 | XHR 4.875 6/1/2029 144A | 4.88% | 06/01/29 | 87 | 175 | 88 | 101% |
| 10 | SUN 4.5 5/15/2029 | 4.50% | 05/15/29 | 37 | 114 | 77 | 208% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/1/21 – 10/8/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 46 |
| 2 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 43 |
| 3 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | 42 |
| 4 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 42 |
| 5 | EVERRE 12 1/22/2024 | 12.00% | 01/22/24 | 41 |
| 6 | EVERRE 11.5 1/22/2023 | 11.50% | 01/22/23 | 41 |
| 7 | EVERRE 9.5 3/29/2024 | 9.50% | 03/29/24 | 41 |
| 8 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 41 |
| 9 | BLL 5 3/15/2022 | 5.00% | 03/15/22 | 40 |
| 10 | EVERRE 10.5 4/11/2024 | 10.50% | 04/11/24 | 40 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 10/1/21 – 10/8/21 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 10/1/21 – 10/8/21
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