High Yield Corporate Bond Market Summary – Week Ending 5/14/21
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High Yield Corporate Bond Market Summary: Week Ending 5/14/21
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 5/7/21 – 5/14/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | ANDRGI 9.5 12/30/2024 REGS | 9.50% | 12/30/24 | 36.03% | 84.08 | 61.81 |
| 2 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | 26.59% | 53.96 | 42.62 |
| 3 | NOGLN 8 7/25/2022 REGS | 8.00% | 07/25/22 | 21.33% | 25.67 | 21.16 |
| 4 | AERMEX 7 2/5/2025 REGS | 7.00% | 02/05/25 | 17.19% | 66.18 | 56.47 |
| 5 | FOUIHK 8.45 7/14/2020 | 8.45% | 07/14/20 | 14.58% | 34.00 | 29.67 |
| 6 | HKJHCC 7.45 10/16/2022 | 7.45% | 10/16/22 | 12.36% | 34.00 | 30.26 |
| 7 | BCGBK 6.75 3/15/2023 | 6.75% | 03/15/23 | 10.39% | 34.37 | 31.13 |
| 8 | MSUNRG 6.875 2/1/2025 REGS | 6.88% | 02/01/25 | 8.53% | 73.96 | 68.15 |
| 9 | GWTH 14.25 1/9/2023 | 14.25% | 01/09/23 | 6.57% | 93.98 | 88.18 |
| 10 | RIG 7.35 12/15/2041 | 7.35% | 12/15/41 | 6.55% | 59.43 | 55.78 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 5/7/21 – 5/14/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CREAL 5 2/1/2027 REGS | 5.00% | 02/01/27 | -11.26% | 75.80 | 85.41 |
| 2 | FRETAI 5.6 1/22/2025 REGS | 5.60% | 01/22/25 | -9.27% | 72.55 | 79.96 |
| 3 | HRINTH 4.5 5/29/2029 | 4.50% | 05/29/29 | -8.84% | 68.22 | 74.83 |
| 4 | REV 6.25 8/1/2024 | 6.25% | 08/01/24 | -8.40% | 34.84 | 38.03 |
| 5 | EXLINT 10 7/15/2023 144A | 10.00% | 07/15/23 | -6.96% | 32.85 | 35.31 |
| 6 | CARLTV 11.5 12/15/2026 144A | 11.50% | 12/15/26 | -5.89% | 72.58 | 77.12 |
| 7 | LGUANG 8.85 1/10/2022 | 8.85% | 01/10/22 | -4.80% | 59.88 | 62.91 |
| 8 | DSPORT 12.75 12/1/2026 144A | 12.75% | 12/01/26 | -3.87% | 84.33 | 87.72 |
| 9 | PNGIB 8.375 10/4/2028 REGS | 8.38% | 10/04/28 | -3.67% | 95.25 | 98.89 |
| 10 | RALFP 3.25 2/8/2024 | 3.25% | 02/08/24 | -3.60% | 36.40 | 37.76 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 5/7/21 – 5/14/21 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 5/7/21 – 5/14/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 5/7/21 vs. the week ending 5/14/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | NGLS 5.5 3/1/2030 | 5.50% | 03/01/30 | 73 | 184 | 111 | 152% |
| 2 | UKRAIN 6.876 5/21/2029 REGS | 6.88% | 05/21/29 | 140 | 238 | 98 | 70% |
| 3 | VSAT 5.625 4/15/2027 | 5.63% | 04/15/27 | 99 | 196 | 97 | 98% |
| 4 | MNK 10 4/15/2025 REGS | 10.00% | 04/15/25 | 69 | 155 | 86 | 125% |
| 5 | FBM 6 3/1/2029 REGS | 6.00% | 03/01/29 | 34 | 110 | 76 | 224% |
| 6 | NGPLCO 3.25 7/15/2031 144A | 3.25% | 07/15/31 | 134 | 201 | 67 | 50% |
| 7 | CLI 3.15 5/15/2023 | 3.15% | 05/15/23 | 75 | 132 | 57 | 76% |
| 8 | YIDCHL 14 3/27/2022 | 12.00% | 03/27/22 | 24 | 80 | 56 | 233% |
| 9 | CLI 4.5 4/18/2022 | 4.50% | 04/18/22 | 99 | 154 | 55 | 56% |
| 10 | SPH 5.5 6/1/2024 | 5.50% | 06/01/24 | 180 | 234 | 54 | 30% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 5/7/21 – 5/14/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | HRINTH 5.5 1/16/2025 | 5.50% | 01/16/25 | 37 |
| 2 | HRINTH 3.625 9/30/2030 | 3.63% | 09/30/30 | 36 |
| 3 | CSCHLD 5.5 5/15/2026 144A | 5.50% | 05/15/26 | 36 |
| 4 | BECN 4.875 11/1/2025 144A | 4.88% | 11/01/25 | 35 |
| 5 | ARMK 4.75 6/1/2026 | 4.75% | 06/01/26 | 35 |
| 6 | YUM 5.25 6/1/2026 | 5.25% | 06/01/26 | 34 |
| 7 | GT 5.125 11/15/2023 | 5.13% | 11/15/23 | 34 |
| 8 | AR 5.625 6/1/2023 | 5.63% | 06/01/23 | 34 |
| 9 | ARGID 6 2/15/2025 | 6.00% | 02/15/25 | 33 |
| 10 | TDG 6.5 5/15/2025 | 6.50% | 05/15/25 | 33 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 5/7/21 – 5/14/21 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 5/7/21 – 5/14/21
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