High Yield Corporate Bond Market Summary – Week Ending 12/10/21
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High Yield Corporate Bond Market Summary: Week Ending 12/10/21
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 12/3/21 – 12/10/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SUNAC 5.95 4/26/2024 | 5.95% | 04/26/24 | 31.48% | 81.13 | 61.70 |
| 2 | TPHL 6.6 3/2/2023 | 6.60% | 03/02/23 | 30.43% | 86.08 | 65.99 |
| 3 | AGILE 8.375 PERP | 8.38% | 06/04/99 | 28.68% | 61.75 | 47.99 |
| 4 | ZHPRHK 7.1 9/10/2024 | 7.10% | 09/10/24 | 19.10% | 71.59 | 60.11 |
| 5 | YUZHOU 8.5 2/4/2023 | 8.50% | 02/04/23 | 16.02% | 39.41 | 33.97 |
| 6 | SHIMAO 5.2 1/30/2025 | 5.20% | 01/30/25 | 13.92% | 80.00 | 70.22 |
| 7 | CHINSC 7 5/2/2025 | 7.00% | 05/02/25 | 13.27% | 86.34 | 76.22 |
| 8 | KWGPRO 6 8/14/2026 | 6.00% | 08/14/26 | 12.81% | 80.06 | 70.97 |
| 9 | PWRLNG 5.95 4/30/2025 | 5.95% | 04/30/25 | 12.24% | 92.09 | 82.05 |
| 10 | CREAL 2.875 2/9/2022 | 2.88% | 02/09/22 | 11.96% | 90.92 | 81.21 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/3/21 – 12/10/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | BTUN 3.28 8/9/2027 | 3.28% | 08/09/27 | -14.12% | 58.58 | 68.22 |
| 2 | CHFOTN 8.6 4/8/2024 | 8.60% | 04/08/24 | -10.07% | 26.22 | 29.15 |
| 3 | SAMMIN 4.125 11/1/2022 | 4.13% | 11/01/22 | -7.21% | 58.26 | 62.79 |
| 4 | DSPORT 12.75 12/1/2026 144A | 12.75% | 12/01/26 | -6.82% | 49.15 | 52.75 |
| 5 | SRILAN 5.875 7/25/2022 | 5.88% | 07/25/22 | -5.78% | 66.52 | 70.61 |
| 6 | REDSUN 9.7 4/16/2023 | 9.70% | 04/16/23 | -5.40% | 46.39 | 49.04 |
| 7 | REV 6.25 8/1/2024 | 6.25% | 08/01/24 | -4.88% | 41.56 | 43.69 |
| 8 | GEO 6 4/15/2026 | 6.00% | 04/15/26 | -4.72% | 82.52 | 86.61 |
| 9 | RONXIN 8.75 10/25/2022 | 8.75% | 10/25/22 | -4.37% | 43.05 | 45.02 |
| 10 | BELRUS 6.2 2/28/2030 REGS | 6.20% | 02/28/30 | -3.96% | 78.63 | 81.88 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/3/21 – 12/10/21 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 12/3/21 – 12/10/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/3/21 vs. the week ending 12/10/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CQP 4 3/1/2031 | 4.00% | 03/01/31 | 34 | 188 | 154 | 453% |
| 2 | IEP 4.375 2/1/2029 | 4.38% | 02/01/29 | 66 | 145 | 79 | 120% |
| 3 | HRINTH 0 11/7/2022 | 1.33% | 11/07/22 | 113 | 179 | 66 | 58% |
| 4 | NUGGET 6.75 10/15/2024 | 6.75% | 10/15/24 | 214 | 265 | 51 | 24% |
| 5 | TRAVEL 5.463 7/15/2025 REGS | 5.50% | 07/15/25 | 50 | 93 | 43 | 86% |
| 6 | TMUS 2.05 2/15/2028 | 2.05% | 02/15/28 | 266 | 309 | 43 | 16% |
| 7 | OXY 3.45 7/15/2024 | 3.45% | 07/15/24 | 119 | 158 | 39 | 33% |
| 8 | TEN 5.375 12/15/2024 | 5.38% | 12/15/24 | 217 | 255 | 38 | 18% |
| 9 | DELL 6.5 4/15/2038 | 6.50% | 04/15/38 | 159 | 197 | 38 | 24% |
| 10 | IHSHLD 5.625 11/29/2026 REGS | 5.63% | 11/29/26 | 100 | 138 | 38 | 38% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/3/21 – 12/10/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | F 8.5 4/21/2023 | 8.50% | 04/21/23 | 42 |
| 2 | SHIMAO 4.75 7/3/2022 | 4.75% | 07/03/22 | 34 |
| 3 | TMUS 3.4 10/15/2052 144A | 3.40% | 10/15/52 | 34 |
| 4 | GPS 3.875 10/1/2031 144A | 3.88% | 10/01/31 | 34 |
| 5 | DISH 5.25 12/1/2026 144A | 5.25% | 12/01/26 | 34 |
| 6 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | 34 |
| 7 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 34 |
| 8 | RCL 5.5 4/1/2028 144A | 5.50% | 04/01/28 | 34 |
| 9 | KAISAG 9.375 6/30/2024 | 9.38% | 06/30/24 | 34 |
| 10 | HTZ 4.625 12/1/2026 144A | 4.63% | 12/01/26 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 12/3/21 – 12/10/21 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 12/3/21 – 12/10/21
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