High Yield Corporate Bond Market Summary – Week Ending 11/27/20
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High Yield Corporate Bond Market Summary: Week Ending 11/27/20
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 11/20/20 – 11/27/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | RIG 7.35 12/15/2041 | 7.35% | 12/15/41 | 50.15% | 27.02 | 18.00 |
| 2 | AMC 12 6/15/2026 144A | 12.00% | 06/15/26 | 48.26% | 25.86 | 17.44 |
| 3 | TLWLN 7 3/1/2025 REGS | 7.00% | 03/01/25 | 20.10% | 64.08 | 53.35 |
| 4 | NBR 7.25 1/15/2026 | 7.25% | 01/15/26 | 18.07% | 56.08 | 47.50 |
| 5 | CPE 6.375 7/1/2026 | 6.38% | 07/01/26 | 17.27% | 33.59 | 28.64 |
| 6 | SM 5.625 6/1/2025 | 5.63% | 06/01/25 | 16.64% | 57.36 | 49.18 |
| 7 | GLBMRN 7 6/1/2028 | 7.00% | 06/01/28 | 16.07% | 29.50 | 25.42 |
| 8 | CENREP 5.375 1/15/2026 144A | 5.38% | 01/15/26 | 15.36% | 57.27 | 49.64 |
| 9 | M 4.5 12/15/2034 | 4.50% | 12/15/34 | 12.96% | 71.54 | 63.33 |
| 10 | TLWLN 6.25 4/15/2022 | 6.25% | 04/15/22 | 12.85% | 74.02 | 65.59 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/20/20 – 11/27/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | NGL 7.5 4/15/2026 | 7.50% | 04/15/26 | -6.98% | 40.29 | 43.31 |
| 2 | DIALIN 6.45 6/4/2029 REGS | 6.45% | 06/04/29 | -6.76% | 96.81 | 103.83 |
| 3 | SABSM 6.125 PERP | 6.13% | 11/23/99 | -5.82% | 95.65 | 101.57 |
| 4 | SUMMPL 5.75 4/15/2025 | 5.75% | 04/15/25 | -5.01% | 62.92 | 66.24 |
| 5 | BCGBK 6.75 3/15/2023 | 6.75% | 03/15/23 | -4.62% | 25.75 | 27.00 |
| 6 | NNA 8.125 11/15/2021 | 8.13% | 11/15/21 | -4.11% | 64.83 | 67.61 |
| 7 | AMIGLN 7.625 1/15/2024 | 7.63% | 01/15/24 | -4.10% | 58.87 | 61.38 |
| 8 | VEDLN 6.125 8/9/2024 REGS | 6.13% | 08/09/24 | -2.82% | 59.42 | 61.14 |
| 9 | CLF 7 3/15/2027 144A | 7.00% | 03/15/27 | -2.60% | 88.67 | 91.04 |
| 10 | FRICON 10.25 1/29/2025 REGS | 10.25% | 01/29/25 | -2.34% | 95.46 | 97.75 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/20/20 – 11/27/20 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 11/20/20 – 11/27/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/20/20 vs. the week ending 11/27/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | INTNED 4.875 PERP | 4.88% | PERP | 47 | 235 | 188 | 400% |
| 2 | GNW 6.5 8/15/2025 144A | 6.50% | 08/15/25 | 12 | 153 | 141 | 1175% |
| 3 | TEN 7.875 1/15/2029 144A | 7.88% | 01/15/29 | 40 | 153 | 113 | 283% |
| 4 | T 2.875 PERP | 2.88% | PERP | 24 | 125 | 101 | 421% |
| 5 | KWGPRO 6.3 2/13/2026 | 6.30% | 02/13/26 | 8 | 107 | 99 | 1238% |
| 6 | PICSUR 0 11/30/2023 144A | 3.00% | 11/30/23 | 2 | 90 | 88 | 4400% |
| 7 | GFLCN 7 6/1/2026 144A | 7.00% | 06/01/26 | 158 | 232 | 74 | 47% |
| 8 | CHTR 3.7 4/1/2051 | 3.70% | 04/01/51 | 182 | 255 | 73 | 40% |
| 9 | ETP 5 5/15/2050 | 5.00% | 05/15/50 | 222 | 288 | 66 | 30% |
| 10 | NWG 3.032 11/28/2035 | 3.03% | 11/28/35 | 190 | 255 | 65 | 34% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/20/20 – 11/27/20
| 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 7.375 1/17/2027 | 7.38% | 01/17/27 | 33 |
| 4 | PETBRA 6.25 3/17/2024 | 6.25% | 03/17/24 | 33 |
| 5 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 33 |
| 6 | PETBRA 5.75 2/1/2029 | 5.75% | 02/01/29 | 33 |
| 7 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 33 |
| 8 | AR 5.375 11/1/2021 | 5.38% | 11/01/21 | 33 |
| 9 | PETBRA 4.375 5/20/2023 | 4.38% | 05/20/23 | 32 |
| 10 | RAX 8.625 11/15/2024 | 8.63% | 11/15/24 | 31 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 11/20/20 – 11/27/20 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 11/20/20 – 11/27/20
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