High Yield Corporate Bond Market Summary – Week Ending 2/18/22
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High Yield Corporate Bond Market Summary: Week Ending 2/18/22
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 2/11/22 – 2/18/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | RONXIN 10.5 3/1/2022 | 10.50% | 03/01/22 | 25.40% | 91.68 | 73.11 |
| 2 | JINGRU 14.5 2/19/2023 | 14.50% | 02/19/23 | 20.65% | 49.92 | 41.37 |
| 3 | IDESA 10.125 5/22/2026 REGS | 10.13% | 05/22/26 | 12.45% | 71.27 | 63.38 |
| 4 | WAIR 9 11/15/2026 144A | 9.00% | 11/15/26 | 7.81% | 100.02 | 92.77 |
| 5 | SPMIM 2.625 1/7/2025 | 2.63% | 01/07/25 | 6.19% | 85.65 | 80.66 |
| 6 | DEXICN 11.875 4/23/2022 | 11.88% | 04/23/22 | 6.06% | 85.58 | 80.68 |
| 7 | SRILAN 6.825 7/18/2026 | 6.83% | 07/18/26 | 5.31% | 52.46 | 49.81 |
| 8 | SDRLNO 10 7/15/2026 144A | 10.00% | 07/15/26 | 4.76% | 87.05 | 83.09 |
| 9 | AGGHOL 5.5 5/17/2024 | 5.50% | 05/17/24 | 3.86% | 59.79 | 57.57 |
| 10 | MGI 5.375 8/1/2026 REGS | 5.38% | 08/01/26 | 3.37% | 104.40 | 101.00 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 2/11/22 – 2/18/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | TPHL 5.55 6/4/2024 | 5.55% | 06/04/24 | -22.36% | 38.66 | 49.79 |
| 2 | SHIMAO 3.975 9/16/2023 | 3.98% | 09/16/23 | -20.98% | 46.35 | 58.65 |
| 3 | LOGPH 7 PERP | 7.00% | 05/31/99 | -20.75% | 52.51 | 66.26 |
| 4 | UNIFIN 7 1/15/2025 | 7.00% | 01/15/25 | -18.51% | 53.74 | 65.94 |
| 5 | TELSAT 6.5 10/15/2027 144A | 6.50% | 10/15/27 | -14.93% | 51.03 | 59.98 |
| 6 | REDSUN 9.95 4/11/2022 | 9.95% | 04/11/22 | -14.46% | 61.27 | 71.63 |
| 7 | FTLNHD 6.8 8/5/2023 | 6.80% | 08/05/23 | -14.46% | 65.11 | 76.11 |
| 8 | PWRLNG 4.9 5/13/2026 | 4.90% | 05/13/26 | -14.28% | 61.01 | 71.17 |
| 9 | FUTLAN 6.15 4/15/2023 | 6.15% | 04/15/23 | -13.65% | 66.05 | 76.49 |
| 10 | CHINSC 7 5/2/2025 | 7.00% | 05/02/25 | -13.14% | 61.65 | 70.98 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 2/11/22 – 2/18/22 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 2/11/22 – 2/18/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 2/11/22 vs. the week ending 2/18/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | UWMLLC 5.5 11/15/2025 144A | 5.50% | 11/15/25 | 112 | 242 | 130 | 116% |
| 2 | LNG 4.625 10/15/2028 | 4.63% | 10/15/28 | 61 | 181 | 120 | 197% |
| 3 | F 0 12/7/2022 | 0.00% | 12/07/22 | 138 | 198 | 60 | 43% |
| 4 | VATE 8.5 2/1/2026 REGS | 8.50% | 02/01/26 | 46 | 105 | 59 | 128% |
| 5 | OGN 4.125 4/30/2028 144A | 4.13% | 04/30/28 | 169 | 218 | 49 | 29% |
| 6 | EHC 5.125 3/15/2023 | 5.13% | 03/15/23 | 188 | 237 | 49 | 26% |
| 7 | THC 7.5 4/1/2025 144A | 7.50% | 04/01/25 | 274 | 314 | 40 | 15% |
| 8 | GLOG 8.875 3/22/2022 | 8.88% | 03/22/22 | 75 | 114 | 39 | 52% |
| 9 | MGMTGE 8.85 2/8/2024 REGS | 8.85% | 02/08/24 | 115 | 153 | 38 | 33% |
| 10 | SMG 4 4/1/2031 | 4.00% | 04/01/31 | 2 | 38 | 36 | 1800% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 2/11/22 – 2/18/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AR 5 3/1/2025 | 5.00% | 03/01/25 | 40 |
| 2 | AMC 10.5 4/15/2025 144A | 10.50% | 04/15/25 | 39 |
| 3 | THC 7.5 4/1/2025 144A | 7.50% | 04/01/25 | 39 |
| 4 | CYH 6.625 2/15/2025 144A | 6.63% | 02/15/25 | 38 |
| 5 | GT 5 5/31/2026 | 5.00% | 05/31/26 | 36 |
| 6 | ARMK 6.375 5/1/2025 144A | 6.38% | 05/01/25 | 36 |
| 7 | CHTR 5.125 5/1/2027 | 5.13% | 05/01/27 | 36 |
| 8 | F 2.9 2/10/2029 | 2.90% | 02/10/29 | 36 |
| 9 | NFLX 5.875 11/15/2028 | 5.88% | 11/15/28 | 36 |
| 10 | IBM 2.2 2/9/2027 | 2.20% | 02/09/27 | 36 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 2/11/22 – 2/18/22 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 2/11/22 – 2/18/22
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