High Yield Corporate Bond Market Summary – Week Ending 4/16/21
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High Yield Corporate Bond Market Summary: Week Ending 4/16/21
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 4/9/21 – 4/16/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | ECUA 0.5 7/31/2035 REGS | 0.50% | 07/31/35 | 31.32% | 62.60 | 47.67 |
| 2 | ECUASO 0 1/30/2035 REGS | 0.00% | 01/30/35 | 13.89% | 76.80 | 67.43 |
| 3 | NINE 8.75 11/1/2023 144A | 8.75% | 11/01/23 | 12.44% | 39.98 | 35.56 |
| 4 | MNK 10 4/15/2025 144A | 10.00% | 04/15/25 | 10.94% | 111.58 | 100.58 |
| 5 | ETP 0 11/1/2066 | 3.21% | 11/01/66 | 9.77% | 69.62 | 63.42 |
| 6 | SRILAN 6.85 3/14/2024 REGS | 6.85% | 03/14/24 | 8.52% | 73.02 | 67.29 |
| 7 | BONCER 1.5 3/25/2024 | 1.50% | 03/25/24 | 7.19% | 127.66 | 119.10 |
| 8 | CFWCN 10.875 3/15/2026 144A | 10.88% | 03/15/26 | 6.40% | 79.68 | 74.89 |
| 9 | MSSCRK 7.5 1/15/2026 144A | 7.50% | 01/15/26 | 5.63% | 87.31 | 82.66 |
| 10 | ELSALV 7.625 9/21/2034 | 7.63% | 09/21/34 | 4.93% | 105.07 | 100.14 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 4/9/21 – 4/16/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SRILIJ 7.25 1/16/2025 REGS | 7.25% | 01/16/25 | -13.48% | 25.84 | 29.87 |
| 2 | ENDP 6 6/30/2028 REGS | 6.00% | 06/30/28 | -9.40% | 72.03 | 79.51 |
| 3 | CHGRAU 9.109 PERP | 9.91% | 10/30/99 | -8.33% | 62.06 | 67.70 |
| 4 | NEWLSQ 17.5 5/1/2024 144A | 17.50% | 05/01/24 | -7.57% | 74.48 | 80.58 |
| 5 | MONTEN 2.875 12/16/2027 REGS | 2.88% | 12/16/27 | -7.47% | 87.75 | 94.83 |
| 6 | BUENOS 0 4/12/2025 | 37.81% | 04/12/25 | -7.28% | 85.10 | 91.79 |
| 7 | ELLAKT 6.375 12/15/2024 REGS | 6.38% | 12/15/24 | -6.24% | 85.75 | 91.45 |
| 8 | YPFDAR 1.5 9/30/2033 REGS | 1.50% | 09/30/33 | -5.63% | 42.33 | 44.85 |
| 9 | YUZHOU 7.375 1/13/2026 | 7.38% | 01/13/26 | -5.55% | 82.00 | 86.81 |
| 10 | DIALIN 6.45 6/4/2029 REGS | 6.45% | 06/04/29 | -4.97% | 96.01 | 101.04 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 4/9/21 – 4/16/21 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 4/9/21 – 4/16/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 4/9/21 vs. the week ending 4/16/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | TWI 6.5 11/30/2023 | 6.50% | 11/30/23 | 188 | 253 | 65 | 35% |
| 2 | ETE 5.875 1/15/2024 | 5.88% | 01/15/24 | 70 | 131 | 61 | 87% |
| 3 | IEP 5.25 5/15/2027 | 5.25% | 05/15/27 | 193 | 241 | 48 | 25% |
| 4 | CGGFP 8.75 4/1/2027 144A | 8.75% | 04/01/27 | 167 | 215 | 48 | 29% |
| 5 | CIFIHG 5.375 PERP | 5.38% | 08/24/99 | 43 | 88 | 45 | 105% |
| 6 | ET 5.5 6/1/2027 | 5.50% | 06/01/27 | 66 | 110 | 44 | 67% |
| 7 | OC 3.4 8/15/2026 | 3.40% | 08/15/26 | 93 | 136 | 43 | 46% |
| 8 | TMS 7.25 8/15/2025 144A | 7.25% | 08/15/25 | 140 | 181 | 41 | 29% |
| 9 | ET 4.25 3/15/2023 | 4.25% | 03/15/23 | 38 | 78 | 40 | 105% |
| 10 | OC 4.4 1/30/2048 | 4.40% | 01/30/48 | 179 | 219 | 40 | 22% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 4/9/21 – 4/16/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | GT 5.125 11/15/2023 | 5.13% | 11/15/23 | 37 |
| 2 | CAR 6.375 4/1/2024 | 6.38% | 04/01/24 | 34 |
| 3 | YUM 5.25 6/1/2026 | 5.25% | 06/01/26 | 33 |
| 4 | PETBRA 5.299 1/27/2025 | 5.30% | 01/27/25 | 33 |
| 5 | PETBRA 7.25 3/17/2044 | 7.25% | 03/17/44 | 33 |
| 6 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 33 |
| 7 | TDG 6.5 5/15/2025 | 6.50% | 05/15/25 | 33 |
| 8 | PETBRA 6.9 3/19/2049 | 6.90% | 03/19/49 | 33 |
| 9 | PETBRA 6.25 3/17/2024 | 6.25% | 03/17/24 | 33 |
| 10 | URI 5.875 9/15/2026 | 5.88% | 09/15/26 | 33 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 4/9/21 – 4/16/21 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 4/9/21 – 4/16/21
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