High Yield Corporate Bond Market Summary – Week Ending 10/9/20
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High Yield Corporate Bond Market Summary: Week Ending 10/9/20
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 10/2/20 – 10/9/20
| RANK | NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SUMMPL 5.75 4/15/2025 | 5.75% | 04/15/25 | 15.67% | 67.14 | 58.04 |
| 2 | MCGHLL 7.875 5/15/2024 | 7.88% | 05/15/24 | 14.84% | 60.85 | 52.99 |
| 3 | SHLFDI 8.25 2/15/2025 144A | 8.25% | 02/15/25 | 12.74% | 39.74 | 35.25 |
| 4 | TLWLN 6.25 4/15/2022 | 6.25% | 04/15/22 | 10.98% | 56.52 | 50.93 |
| 5 | GLJGR 0.625 1/9/2025 | 0.63% | 01/09/25 | 10.56% | 75.26 | 68.08 |
| 6 | GFKLDE 11 11/1/2023 | 11.00% | 11/01/23 | 9.43% | 87.05 | 79.55 |
| 7 | QEP 5.25 5/1/2023 | 5.25% | 05/01/23 | 8.01% | 77.96 | 72.17 |
| 8 | IVYCST 6.625 3/22/2048 REGS | 6.63% | 03/22/48 | 7.61% | 91.31 | 84.86 |
| 9 | OMAN 6.5 3/8/2047 | 6.50% | 03/08/47 | 7.53% | 88.63 | 82.43 |
| 10 | GOLLBZ 8.75 4/29/2049 | 8.75% | 04/29/49 | 7.52% | 67.86 | 63.12 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/2/20 – 10/9/20
| RANK | NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | RIG 5.375 5/15/2023 144A | 5.38% | 05/15/23 | -12.31% | 58.45 | 66.66 |
| 2 | AMC 10.5 4/24/2026 144A | 10.50% | 04/24/26 | -10.81% | 63.88 | 71.63 |
| 3 | MBI 5.7 12/1/2034 | 5.70% | 12/01/34 | -9.25% | 81.11 | 89.38 |
| 4 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -8.75% | 46.06 | 50.48 |
| 5 | VEDLN 7.125 5/31/2023 | 7.13% | 05/31/23 | -7.95% | 70.76 | 76.87 |
| 6 | CPE 6.25 4/15/2023 | 6.25% | 04/15/23 | -6.85% | 40.13 | 43.08 |
| 7 | LPI 10.125 1/15/2028 | 10.13% | 01/15/28 | -6.37% | 53.16 | 56.77 |
| 8 | LITMID 0 7/9/2025 | 6.24% | 07/09/25 | -6.03% | 76.59 | 81.50 |
| 9 | NATCIN 5.875 4/15/2028 144A | 5.88% | 04/15/28 | -5.99% | 78.03 | 83.00 |
| 10 | SRAILT 7 6/25/2024 | 7.00% | 06/25/24 | -5.62% | 64.80 | 68.66 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/2/20 – 10/9/20 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 10/2/20 – 10/9/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/2/20 vs. the week ending 10/9/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | SFRFP 5.125 1/15/2029 REGS | 5.13% | 01/15/29 | 16 | 151 | 135 | 844% |
| 2 | TEVA 7.125 1/31/2025 | 7.13% | 01/31/25 | 54 | 171 | 117 | 217% |
| 3 | GLJGR 0.625 1/9/2025 | 0.63% | 01/09/25 | 132 | 230 | 98 | 74% |
| 4 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 261 | 327 | 66 | 25% |
| 5 | FOUIHK 0 5/21/2021 | 4.23% | 05/21/21 | 25 | 90 | 65 | 260% |
| 6 | AMC 12 6/15/2026 144A | 12.00% | 06/15/26 | 170 | 235 | 65 | 38% |
| 7 | PETBRA 5.625 5/20/2043 | 5.63% | 05/20/43 | 252 | 314 | 62 | 25% |
| 8 | CEMEX 6 4/1/2024 | 6.00% | 04/01/24 | 193 | 254 | 61 | 32% |
| 9 | DB 6 PERP | 6.00% | 02/14/99 | 78 | 139 | 61 | 78% |
| 10 | CEMEX 6.125 5/5/2025 | 6.13% | 05/05/25 | 221 | 275 | 54 | 24% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/2/20 – 10/9/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 36 |
| 2 | ARGENT 1 7/9/2029 | 1.00% | 07/09/29 | 35 |
| 3 | ARGENT 0.125 7/9/2030 | 0.13% | 07/09/30 | 35 |
| 4 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 35 |
| 5 | PETBRA 5.75 2/1/2029 | 5.75% | 02/01/29 | 34 |
| 6 | ARGENT 0.125 7/9/2035 | 0.13% | 07/09/35 | 34 |
| 7 | ARGENT 0.125 1/9/2038 | 0.13% | 01/09/38 | 34 |
| 8 | UBER 7.5 11/1/2023 144A | 7.50% | 11/01/23 | 34 |
| 9 | RIG 6.8 3/15/2038 | 6.80% | 03/15/38 | 33 |
| 10 | PETBRA 7.375 1/17/2027 | 7.38% | 01/17/27 | 33 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 10/2/20 – 10/9/20 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 10/2/20 – 10/9/20
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