High Yield Corporate Bond Market Summary – Week Ending 12/17/21
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High Yield Corporate Bond Market Summary: Week Ending 12/17/21
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 12/10/21 – 12/17/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | USJACU 9.875 11/9/2023 REGS | 9.88% | 11/09/23 | 32.18% | 49.99 | 37.82 |
| 2 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | 10.47% | 25.90 | 23.44 |
| 3 | PBRXIJ 7.625 1/26/2022 | 7.63% | 01/26/22 | 7.93% | 47.08 | 43.62 |
| 4 | SVMSTR 7.25 3/1/2038 | 7.25% | 03/01/38 | 6.95% | 122.98 | 114.99 |
| 5 | HPDLF 5.25 7/20/2022 | 5.25% | 07/20/22 | 6.94% | 99.99 | 93.50 |
| 6 | GTE 7.75 5/23/2027 REGS | 7.75% | 05/23/27 | 6.55% | 92.39 | 86.71 |
| 7 | ARGENT 2 1/9/2038 | 0.13% | 01/09/38 | 4.70% | 37.99 | 36.28 |
| 8 | NM 7.375 1/15/2022 | 7.38% | 01/15/22 | 4.24% | 98.67 | 94.66 |
| 9 | AESGEN 7.125 3/26/2079 REGS | 7.13% | 03/26/79 | 3.93% | 103.68 | 99.75 |
| 10 | ARGBON 1 7/9/2029 | 1.00% | 07/09/29 | 3.61% | 33.50 | 32.33 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/10/21 – 12/17/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | AGILE 8.375 PERP | 8.38% | 06/04/99 | -19.50% | 49.71 | 61.75 |
| 2 | GZRFPR 9.125 7/28/2022 | 9.13% | 07/28/22 | -16.46% | 43.43 | 51.98 |
| 3 | TLN 6.5 6/1/2025 | 6.50% | 06/01/25 | -14.38% | 43.29 | 50.56 |
| 4 | LEH 3.875 PERP | 3.88% | 12/29/49 | -12.40% | 36.67 | 41.86 |
| 5 | CREAL 8 1/21/2028 REGS | 8.00% | 01/21/28 | -11.62% | 58.43 | 66.11 |
| 6 | SUNAC 8.35 4/19/2023 | 8.35% | 04/19/23 | -11.58% | 73.00 | 82.56 |
| 7 | TPHL 5.55 6/4/2024 | 5.55% | 06/04/24 | -10.83% | 73.87 | 82.85 |
| 8 | KAISAG 11.95 10/22/2022 REGS | 11.95% | 10/22/22 | -10.68% | 32.21 | 36.07 |
| 9 | STNEWY 10 3/1/2027 | 10.00% | 03/01/27 | -9.60% | 29.20 | 32.30 |
| 10 | KWGPRO 6.3 2/13/2026 | 6.30% | 02/13/26 | -9.20% | 72.69 | 80.06 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/10/21 – 12/17/21 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 12/10/21 – 12/17/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/10/21 vs. the week ending 12/17/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | PPD 4.625 6/15/2025 144A | 4.63% | 06/15/25 | 163 | 219 | 56 | 34% |
| 2 | STX 3.375 7/15/2031 | 3.38% | 07/15/31 | 58 | 110 | 52 | 90% |
| 3 | DNB 10.25 2/15/2027 144A | 10.25% | 02/15/27 | 201 | 250 | 49 | 24% |
| 4 | STX 3.125 7/15/2029 | 3.13% | 07/15/29 | 80 | 127 | 47 | 59% |
| 5 | FTHDGR 11.75 4/17/2022 | 11.75% | 04/17/22 | 260 | 302 | 42 | 16% |
| 6 | FTHDGR 12.25 10/18/2022 | 12.25% | 10/18/22 | 260 | 302 | 42 | 16% |
| 7 | CQP 4 3/1/2031 | 4.00% | 03/01/31 | 188 | 228 | 40 | 21% |
| 8 | FIDELI 4.25 9/4/2031 | 4.25% | 09/04/31 | 126 | 164 | 38 | 30% |
| 9 | FTHDGR 9.875 10/19/2023 | 9.88% | 10/19/23 | 256 | 292 | 36 | 14% |
| 10 | KALU 4.625 3/1/2028 144A | 4.63% | 03/01/28 | 189 | 223 | 34 | 18% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/10/21 – 12/17/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | F 8.5 4/21/2023 | 8.50% | 04/21/23 | 41 |
| 2 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 37 |
| 3 | OTCCN 5.875 6/1/2026 | 5.88% | 06/01/26 | 36 |
| 4 | HTZ 5 12/1/2029 144A | 5.00% | 12/01/29 | 36 |
| 5 | HTZ 4.625 12/1/2026 144A | 4.63% | 12/01/26 | 36 |
| 6 | KAISAG 9.375 6/30/2024 | 9.38% | 06/30/24 | 35 |
| 7 | SUNAC 7.25 6/14/2022 | 7.25% | 06/14/22 | 35 |
| 8 | SHIMAO 4.75 7/3/2022 | 4.75% | 07/03/22 | 35 |
| 9 | WYNMAC 5.125 12/15/2029 REGS | 5.13% | 12/15/29 | 35 |
| 10 | DISH 5.125 6/1/2029 | 5.13% | 06/01/29 | 35 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 12/10/21 – 12/17/21 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 12/10/21 – 12/17/21
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