High Yield Corporate Bond Market Summary – Week Ending 11/26/21
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High Yield Corporate Bond Market Summary: Week Ending 11/26/21
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 11/19/21 – 11/26/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CENCHI 7.75 5/24/2024 | 7.75% | 05/24/24 | 16.67% | 67.97 | 58.26 |
| 2 | ZHPRHK 10.25 PERP | 10.25% | 12/31/99 | 13.18% | 80.41 | 71.04 |
| 3 | GRNLGR 6.75 9/26/2023 | 6.75% | 09/26/23 | 8.87% | 81.87 | 75.21 |
| 4 | CSCHCN 10.75 4/11/2023 | 10.75% | 04/11/23 | 7.15% | 38.79 | 36.20 |
| 5 | ZHLGHD 8.5 5/19/2022 | 8.50% | 05/19/22 | 6.36% | 74.53 | 70.07 |
| 6 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 5.54% | 33.42 | 31.66 |
| 7 | TPCG 10.5 8/1/2024 144A | 10.50% | 08/01/24 | 4.46% | 71.22 | 68.18 |
| 8 | AERMEX 7 2/5/2025 REGS | 7.00% | 02/05/25 | 4.40% | 99.53 | 95.33 |
| 9 | ROADKG 5.125 7/26/2026 | 5.13% | 07/26/26 | 4.29% | 87.54 | 83.94 |
| 10 | MTNLN 9.5 1/31/2024 REGS | 9.50% | 01/31/24 | 4.01% | 67.88 | 65.26 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/19/21 – 11/26/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CAPG 8.5 1/23/2022 | 8.50% | 01/23/22 | -23.59% | 30.64 | 40.10 |
| 2 | KAISA 10.5 9/7/2022 | 10.50% | 09/07/22 | -20.14% | 32.61 | 40.84 |
| 3 | YUZHOU 6 1/25/2022 | 6.00% | 01/25/22 | -17.01% | 56.59 | 68.18 |
| 4 | AGILE 6.05 10/13/2025 | 6.05% | 10/13/25 | -15.75% | 64.77 | 76.88 |
| 5 | SHIMAO 6.125 2/21/2024 | 6.13% | 02/21/24 | -13.32% | 73.69 | 85.01 |
| 6 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | -13.16% | 63.16 | 72.73 |
| 7 | SUNAC 6.65 8/3/2024 | 6.65% | 08/03/24 | -12.58% | 69.77 | 79.80 |
| 8 | TPHL 5.55 6/4/2024 | 5.55% | 06/04/24 | -12.39% | 74.85 | 85.43 |
| 9 | HONHUA 6.375 8/1/2022 | 6.38% | 08/01/22 | -9.95% | 86.65 | 96.23 |
| 10 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | -9.23% | 57.64 | 63.50 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/19/21 – 11/26/21 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 11/19/21 – 11/26/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/19/21 vs. the week ending 11/26/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | MOLAND 12.85 10/25/2021 | 12.85% | 10/25/21 | 5 | 136 | 131 | 2620% |
| 2 | CENCHI 7.5 7/14/2025 | 7.50% | 07/14/25 | 6 | 116 | 110 | 1833% |
| 3 | DAN 4.5 2/15/2032 | 4.50% | 02/15/32 | 99 | 181 | 82 | 83% |
| 4 | BBWI 5.25 2/1/2028 | 5.25% | 02/01/28 | 163 | 240 | 77 | 47% |
| 5 | BBWI 7.5 6/15/2029 | 7.50% | 06/15/29 | 178 | 245 | 67 | 38% |
| 6 | BBWI 6.75 7/1/2036 | 6.75% | 07/01/36 | 167 | 234 | 67 | 40% |
| 7 | BBWI 6.95 3/1/2033 | 6.95% | 03/01/33 | 159 | 225 | 66 | 42% |
| 8 | LB 7.6 7/15/2037 | 7.60% | 07/15/37 | 142 | 208 | 66 | 46% |
| 9 | PIKCOR 5.625 11/19/2026 REGS | 5.63% | 11/19/26 | 10 | 74 | 64 | 640% |
| 10 | BBWI 6.625 10/1/2030 144A | 6.63% | 10/01/30 | 172 | 235 | 63 | 37% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/19/21 – 11/26/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | F 8.5 4/21/2023 | 8.50% | 04/21/23 | 45 |
| 2 | GNW 4.9 8/15/2023 | 4.90% | 08/15/23 | 34 |
| 3 | KAISAG 9.375 6/30/2024 | 9.38% | 06/30/24 | 34 |
| 4 | UNIT 7.125 12/15/2024 | 7.13% | 12/15/24 | 34 |
| 5 | F 9 4/22/2025 | 9.00% | 04/22/25 | 34 |
| 6 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 34 |
| 7 | EVERRE 9.5 3/29/2024 | 9.50% | 03/29/24 | 34 |
| 8 | EVERRE 12 1/22/2024 | 12.00% | 01/22/24 | 34 |
| 9 | EVERRE 11.5 1/22/2023 | 11.50% | 01/22/23 | 34 |
| 10 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 11/19/21 – 11/26/21 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 111/19/21 – 11/26/21
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