High Yield Corporate Bond Market Summary – Week Ending 6/18/21
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High Yield Corporate Bond Market Summary: Week Ending 6/18/21
MASHTU 7.35% 7/1/2026 increased 41.28% from $30.59 to $43.22 last week following unprecedented progress in reversing the community’s type 2 diabetes epidemic through partnership with Virta Health. PBFENE 6% 2/15/2028 decreased 3.43% from $73.83 to $71.30 as the energy sector continues to fall behind other industry peers. Despite industry prices in Hotels, Gaming, & Leisure declining 0.20%, MGM 5.75% 6/15/2025 was among the top quoted bonds this week following the launch of their new air travel service to Borgata in Atlantic City.
Top 10 Winners
Showcases the top 10 HY Corp “winners” based on the largest bid price increases between 6/11/21 – 6/18/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | MASHTU 7.35 7/1/2026 | 7.35% | 07/01/26 | 41.28% | 43.22 | 30.59 |
| 2 | KMEAGR 6.75 2/1/2023 REGS | 6.75% | 02/01/23 | 22.20% | 91.77 | 75.10 |
| 3 | ODEBRE 7.35 12/1/2026 REGS | 7.35% | 12/01/26 | 14.31% | 51.00 | 44.61 |
| 4 | ACIAIR 6.875 11/29/2032 | 6.88% | 11/29/32 | 9.21% | 91.74 | 84.00 |
| 5 | PUNTAV 7.75 12/30/2025 | 7.75% | 12/30/25 | 7.89% | 99.27 | 92.01 |
| 6 | GLBMRN 7 6/1/2028 | 7.00% | 06/01/28 | 7.75% | 69.50 | 64.50 |
| 7 | MNK 5.5 4/15/2025 | 5.50% | 04/15/25 | 7.34% | 67.72 | 63.09 |
| 8 | RIG 7.45 4/15/2027 | 7.45% | 04/15/27 | 6.64% | 68.14 | 63.89 |
| 9 | NDB 5.625 PERP | 5.63% | NULL | 6.18% | 48.38 | 45.56 |
| 10 | JUJUYA 8.625 3/20/2027 | 8.63% | 03/20/27 | 6.07% | 63.42 | 59.79 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 6/11/21 – 6/18/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -12.88% | 51.02 | 58.56 |
| 2 | MONTE 8.5 9/10/2030 | 8.50% | 09/10/30 | -11.08% | 86.03 | 96.76 |
| 3 | BCGBK 6.75 3/15/2023 | 6.75% | 03/15/23 | -8.23% | 26.69 | 29.09 |
| 4 | CARLTV 11.5 12/15/2026 144A | 11.50% | 12/15/26 | -7.96% | 54.21 | 58.90 |
| 5 | ENDP 6 2/1/2025 | 6.00% | 02/01/25 | -6.02% | 74.10 | 78.84 |
| 6 | ECUA 0.5 7/31/2035 REGS | 0.50% | 07/31/35 | -4.94% | 67.32 | 70.82 |
| 7 | CHFOTN 6.92 6/16/2022 | 6.92% | 06/16/22 | -4.93% | 35.49 | 37.33 |
| 8 | CSCHCN 10.75 4/11/2023 | 10.75% | 04/11/23 | -3.81% | 83.34 | 86.64 |
| 9 | THSCPA 6.95 6/18/2022 | 6.95% | 06/18/22 | -3.58% | 77.21 | 80.08 |
| 10 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | -3.43% | 71.30 | 73.83 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 6/11/21 – 6/18/21 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 6/11/21 – 6/18/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 6/11/21 vs. the week ending 6/18/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | SIRI 4 7/15/2028 | 4.00% | 07/15/28 | 167 | 271 | 104 | 62% |
| 2 | BBDBCN 7.125 6/15/2026 | 7.13% | 06/15/26 | 222 | 290 | 68 | 31% |
| 3 | PDCN 6.875 1/15/2029 | 6.88% | 01/15/29 | 146 | 209 | 63 | 43% |
| 4 | SWCH 4.125 6/15/2029 REGS | 4.13% | 06/15/29 | 120 | 180 | 60 | 50% |
| 5 | NAVI 7.25 1/25/2022 | 7.25% | 01/25/22 | 184 | 243 | 59 | 32% |
| 6 | BIRKEN 5.25 4/30/2029 REGS | 5.25% | 04/30/29 | 105 | 163 | 58 | 55% |
| 7 | OECENG 5.25 12/27/2033 REGS | 5.25% | 12/27/33 | 34 | 90 | 56 | 165% |
| 8 | SCHW 4 PERP | 4.00% | 03/18/99 | 203 | 259 | 56 | 28% |
| 9 | LBRGRP 5 5/15/2027 REGS | 5.00% | 05/15/27 | 118 | 170 | 52 | 44% |
| 10 | SILSEA 7.25 2/1/2025 144A | 7.25% | 02/01/25 | 34 | 84 | 50 | 147% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 6/11/21 – 6/18/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | THC 5.125 5/1/2025 | 5.13% | 05/01/25 | 36 |
| 2 | SIRI 3.875 8/1/2022 144A | 3.88% | 08/01/22 | 36 |
| 3 | BHCCN 7 3/15/2024 | 7.00% | 03/15/24 | 35 |
| 4 | AM 5.375 9/15/2024 | 5.38% | 09/15/24 | 35 |
| 5 | GT 4.875 3/15/2027 | 4.88% | 03/15/27 | 34 |
| 6 | MGM 5.75 6/15/2025 | 5.75% | 06/15/25 | 34 |
| 7 | BYD 6 8/15/2026 | 6.00% | 08/15/26 | 34 |
| 8 | QBRCN 5 7/15/2022 | 5.00% | 07/15/22 | 34 |
| 9 | ARGID 6 2/15/2025 | 6.00% | 02/15/25 | 34 |
| 10 | CLF 5.75 3/1/2025 | 5.75% | 03/01/25 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 6/11/21 – 6/18/21 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 6/11/21 – 6/18/21
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