High Yield Corporate Bond Market Summary – Week Ending 5/28/21
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High Yield Corporate Bond Market Summary: Week Ending 5/28/21
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 5/21/21 – 5/28/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CHQENE 5.625 3/18/2022 | 5.63% | 03/18/22 | 20.75% | 77.41 | 64.11 |
| 2 | NAVIRA 0 11/15/2024 REGS | 3.71% | 11/15/24 | 13.71% | 67.92 | 59.73 |
| 3 | YESTAR 6.9 9/15/2021 | 6.90% | 09/15/21 | 12.78% | 68.70 | 60.91 |
| 4 | CHFOTN 8.75 9/28/2022 | 8.75% | 09/28/22 | 8.98% | 38.32 | 35.16 |
| 5 | AMC 12 6/15/2026 144A | 12.00% | 06/15/26 | 7.84% | 98.26 | 91.11 |
| 6 | EXLINT 10 7/15/2023 144A | 10.00% | 07/15/23 | 6.59% | 34.61 | 32.47 |
| 7 | REV 6.25 8/1/2024 | 6.25% | 08/01/24 | 6.27% | 36.48 | 34.33 |
| 8 | SAWSST 7.75 1/23/2023 | 7.75% | 01/23/23 | 5.91% | 77.71 | 73.37 |
| 9 | BUENOS 10.875 1/26/2021 | 10.88% | 01/26/21 | 4.24% | 47.01 | 45.10 |
| 10 | FCX 6.125 3/15/2034 | 6.13% | 03/15/34 | 4.11% | 124.79 | 119.86 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 5/21/21 – 5/28/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CARLTV 11.5 12/15/2026 144A | 11.50% | 12/15/26 | -21.88% | 49.20 | 62.98 |
| 2 | MONMIN 0 PERP | 0.00% | 05/04/99 | -10.42% | 43.00 | 48.00 |
| 3 | LGUANG 8.85 1/10/2022 | 8.85% | 01/10/22 | -7.84% | 61.75 | 67.00 |
| 4 | AERMEX 7 2/5/2025 REGS | 7.00% | 02/05/25 | -6.95% | 73.55 | 79.05 |
| 5 | CLD 12 5/1/2025 | 12.00% | 05/01/25 | -6.31% | 63.99 | 68.30 |
| 6 | ENDP 6 6/30/2028 144A | 6.00% | 06/30/28 | -5.68% | 68.17 | 72.27 |
| 7 | EVERRE 11.5 1/22/2023 | 11.50% | 01/22/23 | -4.68% | 94.31 | 98.94 |
| 8 | RALFP 3.4 1/31/2022 | 3.40% | 01/31/22 | -4.00% | 35.10 | 36.56 |
| 9 | EVHC 8.75 10/15/2026 144A | 8.75% | 10/15/26 | -3.87% | 68.89 | 71.66 |
| 10 | BELRUS 6.378 2/24/2031 REGS | 6.38% | 02/24/31 | -3.79% | 90.10 | 93.65 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 5/21/21 – 5/28/21 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 5/21/21 – 5/28/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 5/21/21 vs. the week ending 5/28/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | AGILE 5.5 5/17/2026 | 5.50% | 05/17/26 | 120 | 185 | 65 | 54% |
| 2 | CIFIHG 4.8 5/17/2028 | 4.80% | 05/17/28 | 108 | 170 | 62 | 57% |
| 3 | ITPCN 7 10/15/2026 144A | 7.00% | 10/15/26 | 138 | 198 | 60 | 43% |
| 4 | HUN 5.125 11/15/2022 | 5.13% | 11/15/22 | 95 | 148 | 53 | 56% |
| 5 | DKL 6.75 5/15/2025 | 6.75% | 05/15/25 | 95 | 141 | 46 | 48% |
| 6 | S 7.125 6/15/2024 | 7.13% | 06/15/24 | 265 | 310 | 45 | 17% |
| 7 | TEVA 2.8 7/21/2023 | 2.80% | 07/21/23 | 303 | 345 | 42 | 14% |
| 8 | SRSDIS 8.25 7/1/2026 144A | 8.25% | 07/01/26 | 140 | 182 | 42 | 30% |
| 9 | AICNRA 5.75 6/15/2033 REGS | 5.75% | 06/15/33 | 78 | 120 | 42 | 54% |
| 10 | PAG 5.5 5/15/2026 | 5.50% | 05/15/26 | 195 | 235 | 40 | 21% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 5/21/21 – 5/28/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | AR 5.625 6/1/2023 | 5.63% | 06/01/23 | 37 |
| 2 | CSCHLD 5.5 5/15/2026 144A | 5.50% | 05/15/26 | 36 |
| 3 | THC 5.125 5/1/2025 | 5.13% | 05/01/25 | 36 |
| 4 | CCO 9.25 2/15/2024 | 9.25% | 02/15/24 | 35 |
| 5 | AM 5.375 9/15/2024 | 5.38% | 09/15/24 | 35 |
| 6 | ARMK 4.75 6/1/2026 | 4.75% | 06/01/26 | 35 |
| 7 | TEVA 2.8 7/21/2023 | 2.80% | 07/21/23 | 35 |
| 8 | GT 5.25 4/30/2031 | 5.25% | 04/30/31 | 34 |
| 9 | YUM 5.25 6/1/2026 | 5.25% | 06/01/26 | 34 |
| 10 | ARGID 6 2/15/2025 | 6.00% | 02/15/25 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 5/21/21 – 5/28/21 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 5/21/21 – 5/28/21
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