High Yield Corporate Bond Market Summary – Week Ending 2/4/22
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High Yield Corporate Bond Market Summary: Week Ending 2/4/22
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 1/28/22 – 2/4/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CREAL 9.5 2/7/2026 REGS | 9.50% | 02/07/26 | 25.89% | 36.50 | 29.00 |
| 2 | JIIN 7.125 2/1/2022 | 7.13% | 02/01/22 | 18.98% | 25.27 | 21.24 |
| 3 | EVHC 8.75 10/15/2026 144A | 8.75% | 10/15/26 | 10.94% | 57.35 | 51.70 |
| 4 | YPFDAR 2.5 6/30/2029 REGS | 2.50% | 06/30/29 | 10.10% | 64.00 | 58.13 |
| 5 | ARGBON 0.125 7/9/2041 | 3.72% | 07/09/41 | 9.36% | 32.80 | 29.99 |
| 6 | ARGENT 0.125 7/9/2041 | 0.13% | 07/09/41 | 8.06% | 34.32 | 31.76 |
| 7 | REDPRO 13 5/27/2023 | 13.00% | 05/27/23 | 7.33% | 43.92 | 40.91 |
| 8 | NEWLSQ 17.5 5/1/2024 144A | 17.50% | 05/01/24 | 7.21% | 46.57 | 43.44 |
| 9 | GROS 6.5 9/29/2026 | 6.50% | 09/29/26 | 6.95% | 126.54 | 118.32 |
| 10 | BUENOS 3.9 9/1/2037 REGS | 3.90% | 09/01/37 | 6.74% | 43.75 | 40.98 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 1/28/22 – 2/4/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SPMIM 2.625 1/7/2025 | 2.63% | 01/07/25 | -22.76% | 76.99 | 99.68 |
| 2 | SUNAC 7.5 2/1/2024 | 7.50% | 02/01/24 | -9.37% | 58.71 | 64.78 |
| 3 | MONTE 10.5 7/23/2029 | 10.50% | 07/23/29 | -9.17% | 80.11 | 88.20 |
| 4 | WAIR 9 11/15/2026 144A | 9.00% | 11/15/26 | -8.58% | 82.81 | 90.58 |
| 5 | AGGHOL 6.875 11/9/2025 | 6.88% | 11/09/25 | -8.37% | 57.54 | 62.80 |
| 6 | SOFTBK 3.875 7/6/2032 | 3.88% | 07/06/32 | -6.16% | 82.86 | 88.31 |
| 7 | ZHPRHK 6.7 8/4/2026 | 6.70% | 08/04/26 | -5.54% | 40.92 | 43.32 |
| 8 | LOGPH 6.9 6/9/2024 | 6.90% | 06/09/24 | -5.16% | 73.26 | 77.24 |
| 9 | TITIM 5.25 3/17/2055 | 5.25% | 03/17/55 | -5.09% | 99.06 | 104.38 |
| 10 | COFP 0 PERP | 1.39% | 01/29/49 | -5.09% | 33.06 | 34.84 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 1/28/22 – 2/4/22 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 1/28/22 – 2/4/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 1/28/22 vs. the week ending 2/4/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | EVERRE 10.5 4/11/2024 | 10.50% | 04/11/24 | 204 | 264 | 60 | 29% |
| 2 | AR 5 3/1/2025 | 5.00% | 03/01/25 | 286 | 345 | 59 | 21% |
| 3 | JACENT 7.875 2/1/2024 144A | 7.88% | 02/01/24 | 226 | 282 | 56 | 25% |
| 4 | GEF 6.5 3/1/2027 144A | 6.50% | 03/01/27 | 221 | 267 | 46 | 21% |
| 5 | SPMIM 2.75 4/5/2022 | 2.75% | 04/05/22 | 155 | 199 | 44 | 28% |
| 6 | F 3.339 3/28/2022 | 3.34% | 03/28/22 | 238 | 280 | 42 | 18% |
| 7 | SPMIM 3.375 7/15/2026 | 3.38% | 07/15/26 | 158 | 200 | 42 | 27% |
| 8 | NGGLN 3.586 1/18/2052 | 3.59% | 01/18/52 | 124 | 166 | 42 | 34% |
| 9 | CCSI 6.5 10/15/2028 | 6.50% | 10/15/28 | 144 | 180 | 36 | 25% |
| 10 | SPMIM 3.125 3/31/2028 | 3.13% | 03/31/28 | 175 | 211 | 36 | 21% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 1/28/22 – 2/4/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | F 2.3 2/10/2025 | 2.30% | 02/10/25 | 43 |
| 2 | RRC 9.25 2/1/2026 | 9.25% | 02/01/26 | 41 |
| 3 | DISH 5.875 11/15/2024 | 5.88% | 11/15/24 | 40 |
| 4 | AR 5 3/1/2025 | 5.00% | 03/01/25 | 40 |
| 5 | ZIGGO 5.5 1/15/2027 | 5.50% | 01/15/27 | 39 |
| 6 | CYH 6.625 2/15/2025 144A | 6.63% | 02/15/25 | 39 |
| 7 | CHTR 5.125 5/1/2027 | 5.13% | 05/01/27 | 39 |
| 8 | BBDBCN 7.875 4/15/2027 | 7.88% | 04/15/27 | 39 |
| 9 | DISH 5 3/15/2023 | 5.00% | 03/15/23 | 39 |
| 10 | CMC 5.375 7/15/2027 | 5.38% | 07/15/27 | 38 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 1/28/22 – 2/4/22 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 1/28/22 – 2/4/22
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