High Yield Corporate Bond Market Summary – Week Ending 12/4/20
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
High Yield Corporate Bond Market Summary: Week Ending 12/4/20
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 11/27/20 – 12/4/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | THSCPA 7.95 8/15/2021 | 7.95% | 08/15/21 | 56.13% | 64.60 | 41.37 |
| 2 | PDCN 7.125 1/15/2026 144A | 7.13% | 01/15/26 | 21.05% | 79.80 | 65.92 |
| 3 | NBR 7.5 1/15/2028 144A | 7.50% | 01/15/28 | 21.05% | 65.10 | 53.78 |
| 4 | ABMMIJ 7.125 8/1/2022 REGS | 7.13% | 08/01/22 | 18.51% | 79.27 | 66.89 |
| 5 | GTE 7.75 5/23/2027 144A | 7.75% | 05/23/27 | 18.30% | 47.66 | 40.29 |
| 6 | CPE 8.25 7/15/2025 | 8.25% | 07/15/25 | 16.37% | 40.48 | 34.79 |
| 7 | KLXE 11.5 11/1/2025 144A | 11.50% | 11/01/25 | 14.10% | 47.10 | 41.28 |
| 8 | REV 6.25 8/1/2024 | 6.25% | 08/01/24 | 13.87% | 28.35 | 24.90 |
| 9 | SOCIIJ 8.375 1/31/2023 REGS | 8.38% | 01/31/23 | 13.06% | 68.08 | 60.21 |
| 10 | EAGRUY 7.5 5/1/2025 REGS | 7.50% | 05/01/25 | 12.87% | 87.34 | 77.38 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/27/20 – 12/4/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CAMLNG 3.701 1/15/2039 144A | 3.70% | 01/15/39 | -12.28% | 111.34 | 126.92 |
| 2 | ATHCN 9.875 2/24/2022 | 9.88% | 02/24/22 | -11.63% | 31.01 | 35.10 |
| 3 | VEDLN 9.25 4/23/2026 144A | 9.25% | 04/23/26 | -11.58% | 56.20 | 63.56 |
| 4 | BAKIDE 7.45 11/15/2029 REGS | 7.45% | 11/15/29 | -9.35% | 90.40 | 99.72 |
| 5 | PBRXIJ 7.625 1/26/2022 | 7.63% | 01/26/22 | -9.16% | 62.72 | 69.05 |
| 6 | BUENOS 0 5/31/2022 | 37.46% | 05/31/22 | -8.16% | 81.81 | 89.08 |
| 7 | SRILAN 6.125 6/3/2025 | 6.13% | 06/03/25 | -7.62% | 60.88 | 65.90 |
| 8 | TPCG 10.5 8/1/2024 144A | 10.50% | 08/01/24 | -7.01% | 77.00 | 82.80 |
| 9 | RIG 8 2/1/2027 144A | 8.00% | 02/01/27 | -6.45% | 35.63 | 38.08 |
| 10 | NEWLSQ 15.5 11/1/2023 144A | 15.50% | 11/01/23 | -5.20% | 91.59 | 96.62 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 11/27/20 – 12/4/20 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 11/27/20 – 12/4/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/27/20 vs. the week ending 12/4/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | HKJHCC 4.575 4/20/2020 | 4.58% | 04/20/20 | 21 | 95 | 74 | 352% |
| 2 | LUMN 5.125 12/15/2026 REGS | 5.13% | 12/15/26 | 5 | 69 | 64 | 1280% |
| 3 | HEES 5.625 9/1/2025 | 5.63% | 09/01/25 | 167 | 223 | 56 | 34% |
| 4 | AMN 4 4/15/2029 REGS | 4.00% | 04/15/29 | 46 | 98 | 52 | 113% |
| 5 | HTZ 6.25 10/15/2022 | 6.25% | 10/15/22 | 113 | 159 | 46 | 41% |
| 6 | KWGPRO 6.3 2/13/2026 | 6.30% | 02/13/26 | 107 | 152 | 45 | 42% |
| 7 | RIG 6.8 3/15/2038 | 6.80% | 03/15/38 | 227 | 269 | 42 | 19% |
| 8 | RIG 7.5 4/15/2031 | 7.50% | 04/15/31 | 259 | 300 | 41 | 16% |
| 9 | GNW 6.5 8/15/2025 144A | 6.50% | 08/15/25 | 153 | 191 | 38 | 25% |
| 10 | TEN 7.875 1/15/2029 144A | 7.88% | 01/15/29 | 153 | 189 | 36 | 24% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 11/27/20 – 12/4/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | PETBRA 5.999 1/27/2028 | 6.00% | 01/27/28 | 33 |
| 2 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 33 |
| 3 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 32 |
| 4 | RIG 7.5 4/15/2031 | 7.50% | 04/15/31 | 32 |
| 5 | PETBRA 5.75 2/1/2029 | 5.75% | 02/01/29 | 31 |
| 6 | AR 5.375 11/1/2021 | 5.38% | 11/01/21 | 31 |
| 7 | PETBRA 7.375 1/17/2027 | 7.38% | 01/17/27 | 31 |
| 8 | YPFDAR 8.5 3/23/2021 | 8.50% | 03/23/21 | 31 |
| 9 | PETBRA 6.25 3/17/2024 | 6.25% | 03/17/24 | 31 |
| 10 | PETBRA 6.875 1/20/2040 | 6.88% | 01/20/40 | 31 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 11/27/20 – 12/4/20 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 11/27/20 – 12/4/20
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
