High Yield Corporate Bond Market Summary – Week Ending 11/5/21
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High Yield Corporate Bond Market Summary: Week Ending 11/5/21
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 10/29/21 – 11/5/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | MNK 5.625 10/15/2023 | 5.63% | 10/15/23 | 22.40% | 53.96 | 44.08 |
| 2 | MTROLN 5.5 6/26/2028 | 5.50% | 06/26/28 | 19.25% | 75.60 | 63.39 |
| 3 | TZA 8.25 8/9/2024 | 8.25% | 08/09/24 | 15.33% | 71.11 | 61.66 |
| 4 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | 12.32% | 29.63 | 26.38 |
| 5 | ENDP 5.375 1/15/2023 | 5.38% | 01/15/23 | 10.42% | 81.59 | 73.89 |
| 6 | MONTE 8.5 9/10/2030 | 8.50% | 09/10/30 | 10.38% | 87.23 | 79.02 |
| 7 | CFWCN 10.875 3/15/2026 144A | 10.88% | 03/15/26 | 8.89% | 88.13 | 80.93 |
| 8 | AIRM 8 5/15/2025 | 8.00% | 05/15/25 | 8.87% | 83.88 | 77.04 |
| 9 | KAISAG 11.95 11/12/2023 | 11.95% | 11/12/23 | 7.95% | 30.91 | 28.63 |
| 10 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | 6.91% | 70.00 | 65.48 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/29/21 – 11/5/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CAPG 7.95 2/19/2023 | 7.95% | 02/19/23 | -31.59% | 32.00 | 46.77 |
| 2 | ZHPRHK 7.1 9/10/2024 | 7.10% | 09/10/24 | -31.18% | 48.68 | 70.74 |
| 3 | YUZHOU 7.7 2/20/2025 | 7.70% | 02/20/25 | -31.13% | 33.79 | 49.07 |
| 4 | AGILE 6.875 PERP | 6.88% | 03/07/99 | -25.97% | 43.95 | 59.37 |
| 5 | TPHL 6.2 3/22/2026 | 6.20% | 03/22/26 | -22.63% | 59.87 | 77.38 |
| 6 | CHINSC 7 5/2/2025 | 7.00% | 05/02/25 | -22.41% | 62.82 | 80.97 |
| 7 | SUNAC 6.5 1/10/2025 | 6.50% | 01/10/25 | -20.98% | 56.25 | 71.18 |
| 8 | KWGPRO 5.875 11/10/2024 | 5.88% | 11/10/24 | -18.33% | 64.07 | 78.45 |
| 9 | FTLNHD 4.5 5/2/2026 | 4.50% | 05/02/26 | -17.28% | 70.80 | 85.58 |
| 10 | PWRLNG 5.95 4/30/2025 | 5.95% | 04/30/25 | -15.37% | 76.44 | 90.32 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 10/29/21 – 11/5/21 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 10/29/21 – 11/5/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/29/21 vs. the week ending 11/5/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | BUENOS 3.9 9/1/2037 REGS | 3.90% | 09/01/37 | 43 | 186 | 143 | 333% |
| 2 | NAVI 5.5 6/15/2029 | 5.50% | 06/15/29 | 10 | 125 | 115 | 1150% |
| 3 | YANGOG 12 3/19/2024 | 12.00% | 03/19/24 | 34 | 96 | 62 | 182% |
| 4 | APG 4.75 10/15/2029 144A | 4.75% | 10/15/29 | 70 | 120 | 50 | 71% |
| 5 | MOH 5.375 11/15/2022 | 5.38% | 11/15/22 | 240 | 287 | 47 | 20% |
| 6 | BUENOS 2.5 9/1/2037 REGS | 2.50% | 09/01/37 | 24 | 70 | 46 | 192% |
| 7 | PDCE 6.25 12/1/2025 | 6.25% | 12/01/25 | 105 | 148 | 43 | 41% |
| 8 | MICBAK 8.75 3/1/2023 | 8.75% | 03/01/23 | 93 | 134 | 41 | 44% |
| 9 | NFLX 4.875 6/15/2030 144A | 4.88% | 06/15/30 | 285 | 324 | 39 | 14% |
| 10 | MEDCIJ 7.375 5/14/2026 REGS | 7.38% | 05/14/26 | 191 | 229 | 38 | 20% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 10/29/21 – 11/5/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | UNIT 7.125 12/15/2024 | 7.13% | 12/15/24 | 41 |
| 2 | LW 4.875 11/1/2026 | 4.88% | 11/01/26 | 37 |
| 3 | LW 4.625 11/1/2024 | 4.63% | 11/01/24 | 37 |
| 4 | EVERRE 11.5 1/22/2023 | 11.50% | 01/22/23 | 36 |
| 5 | CCL 11.5 4/1/2023 144A | 11.50% | 04/01/23 | 36 |
| 6 | F 4.75 1/15/2043 | 4.75% | 01/15/43 | 36 |
| 7 | RRR 5 10/1/2025 144A | 5.00% | 10/01/25 | 36 |
| 8 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 36 |
| 9 | PETBRA 5.6 1/3/2031 | 5.60% | 01/03/31 | 36 |
| 10 | BLL 5 3/15/2022 | 5.00% | 03/15/22 | 36 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 10/29/21 – 11/5/21 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 10/29/21 – 11/5/21
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