High Yield Corporate Bond Market Summary – Week Ending 11/20/20
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High Yield Corporate Bond Market Summary: Week Ending 11/20/20
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 11/13/20 – 11/20/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CENREP 5.375 1/15/2026 144A | 5.38% | 01/15/26 | 21.04% | 49.64 | 41.01 |
| 2 | AERMEX 7 2/5/2025 REGS | 7.00% | 02/05/25 | 20.12% | 30.20 | 25.14 |
| 3 | MSUNRG 6.875 2/1/2025 REGS | 6.88% | 02/01/25 | 19.67% | 70.95 | 59.29 |
| 4 | MTROLN 5.5 6/26/2028 | 5.50% | 06/26/28 | 19.36% | 49.33 | 41.33 |
| 5 | AACE 12 12/15/2022 144A | 12.00% | 12/15/22 | 17.11% | 84.70 | 72.33 |
| 6 | EUROCA 4.125 11/15/2024 REGS | 4.13% | 11/15/24 | 15.13% | 56.07 | 48.70 |
| 7 | LPI 9.5 1/15/2025 | 9.50% | 01/15/25 | 14.04% | 67.66 | 59.33 |
| 8 | YPFLUZ 10 7/25/2026 REGS | 10.00% | 07/25/26 | 13.47% | 75.39 | 66.44 |
| 9 | RIG 8 2/1/2027 144A | 8.00% | 02/01/27 | 13.30% | 33.15 | 29.26 |
| 10 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | 11.97% | 55.87 | 49.90 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/13/20 – 11/20/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | GTT 7.875 12/31/2024 | 7.88% | 12/31/24 | -21.94% | 32.55 | 41.70 |
| 2 | CHFOTN 8.05 1/13/2025 | 8.05% | 01/13/25 | -10.71% | 77.55 | 86.86 |
| 3 | SHLFDI 8.25 2/15/2025 REGS | 8.25% | 02/15/25 | -9.29% | 33.43 | 36.85 |
| 4 | GRNLGR 5.9 2/12/2023 | 5.90% | 02/12/23 | -8.05% | 88.60 | 96.36 |
| 5 | NGL 7.5 4/15/2026 | 7.50% | 04/15/26 | -7.23% | 43.31 | 46.68 |
| 6 | HONGQI 7.375 5/2/2023 | 7.38% | 05/02/23 | -6.59% | 83.22 | 89.10 |
| 7 | ECUA 0.5 7/31/2030 REGS | 6.16% | 07/31/30 | -6.29% | 63.24 | 67.48 |
| 8 | MNK 5.625 10/15/2023 | 5.63% | 10/15/23 | -5.22% | 30.76 | 32.45 |
| 9 | VEDLN 6.125 8/9/2024 REGS | 6.13% | 08/09/24 | -3.86% | 61.14 | 63.60 |
| 10 | CVI 5.75 2/15/2028 | 5.75% | 02/15/28 | -3.66% | 83.28 | 86.44 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/13/20 – 11/20/20 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 11/13/20 – 11/20/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/13/20 vs. the week ending 11/20/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | GFLCN 7 6/1/2026 144A | 7.00% | 06/01/26 | 23 | 158 | 135 | 587% |
| 2 | GCILLC 4.75 10/15/2028 144A | 4.75% | 10/15/28 | 2 | 111 | 109 | 5450% |
| 3 | BUENOS 4 5/15/2035 | 4.00% | 05/15/35 | 56 | 157 | 101 | 180% |
| 4 | GFLCN 5.125 12/15/2026 144A | 5.13% | 12/15/26 | 24 | 122 | 98 | 408% |
| 5 | GFLCN 8.5 5/1/2027 144A | 8.50% | 05/01/27 | 20 | 115 | 95 | 475% |
| 6 | JCOM 4.625 10/15/2030 144A | 4.63% | 10/15/30 | 65 | 154 | 89 | 137% |
| 7 | CHK 6.875 11/15/2020 | 6.88% | 11/15/20 | 56 | 135 | 79 | 141% |
| 8 | NGVT 3.875 11/1/2028 144A | 3.88% | 11/01/28 | 15 | 80 | 65 | 433% |
| 9 | PPL 1.625 10/7/2035 | 1.63% | 10/07/35 | 19 | 76 | 57 | 300% |
| 10 | SEASPA 3.5 10/9/2025 | 3.50% | 10/09/25 | 8 | 50 | 42 | 525% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/13/20 – 11/20/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 34 |
| 2 | PETBRA 5.999 1/27/2028 | 6.00% | 01/27/28 | 34 |
| 3 | PETBRA 6.25 3/17/2024 | 6.25% | 03/17/24 | 33 |
| 4 | PETBRA 7.375 1/17/2027 | 7.38% | 01/17/27 | 33 |
| 5 | AR 5.375 11/1/2021 | 5.38% | 11/01/21 | 33 |
| 6 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 33 |
| 7 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 33 |
| 8 | PETBRA 5.75 2/1/2029 | 5.75% | 02/01/29 | 32 |
| 9 | YPFDAR 8.5 3/23/2021 | 8.50% | 03/23/21 | 32 |
| 10 | PETBRA 4.375 5/20/2023 | 4.38% | 05/20/23 | 32 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 11/13/20 – 11/20/20 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 11/13/20 – 11/20/20
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