High Yield Corporate Bond Market Summary – Week Ending 12/18/20
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High Yield Corporate Bond Market Summary: Week Ending 12/18/20
Our newsletter presents key trends derived from observable High Yield Corporate Bond pricing data over a weekly period.
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/11/20 – 12/18/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | DOUGR 8.75 7/15/2023 | 8.75% | 07/15/23 | -8.63% | 63.20 | 69.17 |
| 2 | TAPTRA 5.625 12/2/2024 REGS | 5.63% | 12/02/24 | -7.31% | 70.48 | 76.04 |
| 3 | LTMCI 7 3/1/2026 REGS | 7.00% | 03/01/26 | -6.81% | 53.28 | 57.18 |
| 4 | CRNRCH 6.75 8/15/2024 144A | 6.75% | 08/15/24 | -4.98% | 88.93 | 93.59 |
| 5 | PDLLN 7.25 5/1/2022 | 7.25% | 05/01/22 | -4.02% | 39.27 | 40.92 |
| 6 | CBL 5.25 12/1/2023 | 5.25% | 12/01/23 | -3.87% | 39.52 | 41.11 |
| 7 | SRILAN 5.875 7/25/2022 | 5.88% | 07/25/22 | -3.82% | 69.03 | 71.77 |
| 8 | BONCER 2 11/9/2026 | 2.00% | 11/09/26 | -3.77% | 81.87 | 85.08 |
| 9 | EVHC 8.75 10/15/2026 144A | 8.75% | 10/15/26 | -3.53% | 58.77 | 60.92 |
| 10 | INTEL 9.5 2/15/2023 | 9.50% | 02/15/23 | -3.48% | 26.36 | 27.31 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/11/20 – 12/18/20 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 12/11/20 – 12/18/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/11/20 vs. the week ending 12/18/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | EXIMUK 9.625 4/27/2022 | 9.63% | 04/27/22 | 25 | 122 | 97 | 388% |
| 2 | ATACN 6.5 6/15/2023 | 6.50% | 06/15/23 | 105 | 168 | 63 | 60% |
| 3 | HTZ 4.125 10/15/2021 | 4.13% | 10/15/21 | 56 | 112 | 56 | 100% |
| 4 | ARWLN 0 3/1/2026 144A | 3.21% | 03/01/26 | 17 | 72 | 55 | 324% |
| 5 | ARUINV 8.75 2/15/2023 | 8.75% | 02/15/23 | 101 | 153 | 52 | 51% |
| 6 | KHC 3.5 6/6/2022 | 3.50% | 06/06/22 | 25 | 76 | 51 | 204% |
| 7 | MTCHII 4.125 8/1/2030 REGS | 4.13% | 08/01/30 | 110 | 160 | 50 | 45% |
| 8 | MD 5.25 12/1/2023 | 5.25% | 12/01/23 | 152 | 201 | 49 | 32% |
| 9 | GEL 6 5/15/2023 | 6.00% | 05/15/23 | 173 | 220 | 47 | 27% |
| 10 | BLURAC 6.125 11/15/2022 | 6.13% | 11/15/22 | 148 | 195 | 47 | 32% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/11/20 – 12/18/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 35 |
| 2 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 33 |
| 3 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 32 |
| 4 | PETBRA 7.375 1/17/2027 | 7.38% | 01/17/27 | 32 |
| 5 | PETBRA 5.999 1/27/2028 | 6.00% | 01/27/28 | 32 |
| 6 | DSPORT 5.375 8/15/2026 144A | 5.38% | 08/15/26 | 32 |
| 7 | PETBRA 5.75 2/1/2029 | 5.75% | 02/01/29 | 31 |
| 8 | PETBRA 6.75 6/3/2050 | 6.75% | 06/03/50 | 31 |
| 9 | PETBRA 6.25 3/17/2024 | 6.25% | 03/17/24 | 31 |
| 10 | YPFDAR 8.5 3/23/2021 | 8.50% | 03/23/21 | 31 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 12/11/20 – 12/18/20 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 12/11/20 – 12/18/20
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