High Yield Corporate Bond Market Summary – Week Ending 2/11/22
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High Yield Corporate Bond Market Summary: Week Ending 2/11/22
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 2/4/22 – 2/11/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | AGILE 4.85 8/31/2022 | 4.85% | 08/31/22 | 16.53% | 63.14 | 54.19 |
| 2 | SHIMAO 4.75 7/3/2022 | 4.75% | 07/03/22 | 15.91% | 72.75 | 62.77 |
| 3 | TPHL 5.3 4/20/2022 | 5.30% | 04/20/22 | 14.68% | 80.59 | 70.27 |
| 4 | SUNAC 7.95 8/8/2022 | 7.95% | 08/08/22 | 12.99% | 79.69 | 70.53 |
| 5 | WAIR 9 11/15/2026 144A | 9.00% | 11/15/26 | 12.02% | 92.77 | 82.81 |
| 6 | XIN 14 1/25/2024 | 14.00% | 01/25/24 | 10.83% | 28.24 | 25.48 |
| 7 | MONTE 10.5 7/23/2029 | 10.50% | 07/23/29 | 10.22% | 88.30 | 80.11 |
| 8 | GUOPRO 13.5 2/27/2022 | 13.50% | 02/27/22 | 8.36% | 97.06 | 89.57 |
| 9 | ELSALV 7.75 1/24/2023 | 7.75% | 01/24/23 | 7.26% | 85.85 | 80.04 |
| 10 | REDSUN 9.95 4/11/2022 | 9.95% | 04/11/22 | 6.75% | 71.63 | 67.10 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 2/4/22 – 2/11/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CHIGRA 9.125 1/30/2024 | 9.13% | 01/30/24 | -9.62% | 65.39 | 72.35 |
| 2 | DPB 0 PERP | 0.00% | 12/29/49 | -8.01% | 88.57 | 96.29 |
| 3 | LOGPH 7 PERP | 7.00% | 05/31/99 | -7.91% | 66.26 | 71.95 |
| 4 | SCN 10.75 8/31/2029 | 10.75% | 08/31/29 | -6.88% | 32.24 | 34.62 |
| 5 | RONXIN 8.75 10/25/2022 | 8.75% | 10/25/22 | -6.85% | 33.05 | 35.48 |
| 6 | JIAYUA 12 10/30/2022 | 12.00% | 10/30/22 | -6.56% | 59.69 | 63.88 |
| 7 | IVYCST 6.625 3/22/2048 REGS | 6.63% | 03/22/48 | -6.48% | 90.35 | 96.61 |
| 8 | GGB 1.875 1/24/2052 | 1.88% | 01/24/52 | -6.23% | 83.22 | 88.76 |
| 9 | GHANA 8.75 3/11/2061 REGS | 8.75% | 03/11/61 | -6.14% | 71.29 | 75.95 |
| 10 | SRILAN 7.55 3/28/2030 REGS | 7.55% | 03/28/30 | -6.00% | 48.09 | 51.16 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 2/4/22 – 2/11/22 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 2/4/22 – 2/11/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 2/4/22 vs. the week ending 2/11/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | SUNAC 7.5 2/1/2024 | 7.50% | 02/01/24 | 83 | 313 | 230 | 277% |
| 2 | ARGENT 2 1/9/2038 | 0.13% | 01/09/38 | 22 | 122 | 100 | 455% |
| 3 | OGN 4.125 4/30/2028 144A | 4.13% | 04/30/28 | 81 | 169 | 88 | 109% |
| 4 | SPMIM 2.75 4/5/2022 | 2.75% | 04/05/22 | 199 | 280 | 81 | 41% |
| 5 | SPMIM 2.625 1/7/2025 | 2.63% | 01/07/25 | 178 | 252 | 74 | 42% |
| 6 | SPMIM 3.75 9/8/2023 | 3.75% | 09/08/23 | 195 | 266 | 71 | 36% |
| 7 | SPMIM 3.375 7/15/2026 | 3.38% | 07/15/26 | 200 | 261 | 61 | 31% |
| 8 | SPMIM 3.125 3/31/2028 | 3.13% | 03/31/28 | 211 | 270 | 59 | 28% |
| 9 | SHIMAO 5.2 1/16/2027 | 5.20% | 01/16/27 | 221 | 280 | 59 | 27% |
| 10 | UWMLLC 5.5 11/15/2025 144A | 5.50% | 11/15/25 | 57 | 112 | 55 | 96% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 2/4/22 – 2/11/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | RRC 9.25 2/1/2026 | 9.25% | 02/01/26 | 40 |
| 2 | AR 5 3/1/2025 | 5.00% | 03/01/25 | 40 |
| 3 | CYH 6.625 2/15/2025 144A | 6.63% | 02/15/25 | 39 |
| 4 | AMC 10.5 4/15/2025 144A | 10.50% | 04/15/25 | 38 |
| 5 | CHTR 5.125 5/1/2027 | 5.13% | 05/01/27 | 38 |
| 6 | CHTR 5.5 5/1/2026 | 5.50% | 05/01/26 | 37 |
| 7 | F 2.3 2/10/2025 | 2.30% | 02/10/25 | 37 |
| 8 | CHTR 5 2/1/2028 144A | 5.00% | 02/01/28 | 37 |
| 9 | JACENT 7.875 2/1/2024 144A | 7.88% | 02/01/24 | 37 |
| 10 | DISH 5 3/15/2023 | 5.00% | 03/15/23 | 36 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 2/4/22 – 2/11/22 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 2/4/22 – 2/11/22
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