High Yield Corporate Bond Market Summary – Week Ending 11/12/21
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High Yield Corporate Bond Market Summary: Week Ending 11/12/21
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 11/5/21 – 11/12/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | YUZHOU 8.3 5/27/2025 | 8.30% | 05/27/25 | 49.52% | 50.71 | 33.91 |
| 2 | TPHL 6.75 7/8/2025 | 6.75% | 07/08/25 | 38.20% | 84.63 | 61.24 |
| 3 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | 32.79% | 32.37 | 24.38 |
| 4 | SUNAC 6.5 1/10/2025 | 6.50% | 01/10/25 | 32.27% | 74.40 | 56.25 |
| 5 | RONXIN 8.75 10/25/2022 | 8.75% | 10/25/22 | 29.23% | 48.40 | 37.45 |
| 6 | AGILE 7.875 PERP | 7.88% | 10/31/99 | 29.22% | 57.27 | 44.32 |
| 7 | KWGPRO 5.875 11/10/2024 | 5.88% | 11/10/24 | 26.11% | 80.80 | 64.07 |
| 8 | CAPG 6.2 3/24/2026 | 6.20% | 03/24/26 | 20.99% | 35.75 | 29.55 |
| 9 | FTLNHD 4.625 10/15/2025 | 4.63% | 10/15/25 | 20.10% | 84.68 | 70.51 |
| 10 | STNEWY 10 3/1/2027 | 10.00% | 03/01/27 | 17.29% | 31.38 | 26.76 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/5/21 – 11/12/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | KAISAG 6.5 12/7/2021 | 6.50% | 12/07/21 | -20.89% | 41.20 | 52.08 |
| 2 | REDPRO 9.9 2/17/2024 | 9.90% | 02/17/24 | -18.92% | 50.54 | 62.33 |
| 3 | ZHPRHK 7.125 6/30/2022 | 7.13% | 06/30/22 | -16.91% | 69.75 | 83.94 |
| 4 | REDSUN 9.7 4/16/2023 | 9.70% | 04/16/23 | -16.80% | 54.24 | 65.19 |
| 5 | REDPRO 11 8/6/2022 | 11.00% | 08/06/22 | -16.01% | 55.15 | 65.66 |
| 6 | CHFOTN 9 7/31/2021 | 9.00% | 07/31/21 | -14.40% | 30.05 | 35.11 |
| 7 | CREAL 9.125 PERP REGS | 9.13% | 11/29/99 | -12.43% | 57.97 | 66.19 |
| 8 | FTHDGR 7.375 10/4/2021 | 7.38% | 10/04/21 | -11.17% | 31.94 | 35.96 |
| 9 | ETHOPI 6.625 12/11/2024 REGS | 6.63% | 12/11/24 | -10.73% | 67.74 | 75.88 |
| 10 | LCI 7.75 4/15/2026 144A | 7.75% | 04/15/26 | -9.83% | 75.44 | 83.67 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/5/21 – 11/12/21 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 11/5/21 – 11/12/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/5/21 vs. the week ending 11/12/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | BIOGRP 3.375 2/1/2028 REGS | 3.38% | 02/01/28 | 103 | 171 | 68 | 66% |
| 2 | NAVI 5.5 6/15/2029 | 5.50% | 06/15/29 | 125 | 192 | 67 | 54% |
| 3 | BIOGRP 5 2/1/2029 REGS | 5.00% | 02/01/29 | 99 | 153 | 54 | 55% |
| 4 | TGNA 5.5 9/15/2024 | 5.50% | 09/15/24 | 189 | 239 | 50 | 26% |
| 5 | EGEHAI 5.625 11/8/2028 144A | 5.63% | 11/08/28 | 37 | 84 | 47 | 127% |
| 6 | F 7.45 7/16/2031 | 7.45% | 07/16/31 | 284 | 325 | 41 | 14% |
| 7 | GNW 4.9 8/15/2023 | 4.90% | 08/15/23 | 192 | 229 | 37 | 19% |
| 8 | YANGOG 12 3/19/2024 | 12.00% | 03/19/24 | 96 | 132 | 36 | 38% |
| 9 | EQH 0.5 11/17/2023 144A | 0.50% | 11/17/23 | 108 | 144 | 36 | 33% |
| 10 | CPS 5.625 11/15/2026 | 5.63% | 11/15/26 | 204 | 238 | 34 | 17% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/5/21 – 11/12/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 39 |
| 2 | LW 4.875 11/1/2026 | 4.88% | 11/01/26 | 37 |
| 3 | DELL 7.125 6/15/2024 | 7.13% | 06/15/24 | 37 |
| 4 | FCX 3.55 3/1/2022 | 3.55% | 03/01/22 | 37 |
| 5 | EVERRE 10.5 4/11/2024 | 10.50% | 04/11/24 | 36 |
| 6 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 36 |
| 7 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 36 |
| 8 | X 6.25 3/15/2026 | 6.25% | 03/15/26 | 36 |
| 9 | LW 4.625 11/1/2024 | 4.63% | 11/01/24 | 36 |
| 10 | WFRD 8.625 4/30/2030 144A | 8.63% | 04/30/30 | 35 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 11/5/21 – 11/12/21 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 11/5/21 – 11/12/21
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