High Yield Corporate Bond Market Summary – Week Ending 7/16/21
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High Yield Corporate Bond Market Summary: Week Ending 7/16/21
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 7/9/21 – 7/16/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | LGUANG 10.4 3/9/2023 | 10.40% | 03/09/23 | 28.74% | 30.16 | 23.43 |
| 2 | HRINTH 4.5 PERP | 4.50% | 12/29/49 | 25.57% | 79.40 | 63.23 |
| 3 | ICASA 8.875 5/29/2024 | 8.88% | 05/29/24 | 12.13% | 25.43 | 22.68 |
| 4 | VESENE 8.125 7/24/2023 | 8.13% | 07/24/23 | 11.65% | 83.70 | 74.96 |
| 5 | NOVBNC 0 7/13/2044 | 0.00% | 07/13/44 | 10.95% | 35.95 | 32.40 |
| 6 | NINE 8.75 11/1/2023 144A | 8.75% | 11/01/23 | 10.61% | 57.89 | 52.34 |
| 7 | EXLINT 10 7/15/2023 144A | 10.00% | 07/15/23 | 8.46% | 77.34 | 71.31 |
| 8 | POSADA 7.875 6/30/2022 | 7.88% | 06/30/22 | 7.93% | 67.74 | 62.77 |
| 9 | YUZHOU 6.35 1/13/2027 | 6.35% | 01/13/27 | 7.21% | 78.30 | 73.04 |
| 10 | FTHDGR 9.25 7/28/2023 | 9.25% | 07/28/23 | 5.78% | 83.97 | 79.38 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/9/21 – 7/16/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | -14.72% | 55.91 | 65.56 |
| 2 | RIG 6.8 3/15/2038 | 6.80% | 03/15/38 | -9.89% | 60.60 | 67.26 |
| 3 | AMC 5.75 6/15/2025 | 5.75% | 06/15/25 | -9.25% | 71.17 | 78.42 |
| 4 | BUENOS 0 4/12/2025 | 38.00% | 04/12/25 | -8.59% | 85.59 | 93.64 |
| 5 | NATCIN 5.75 8/15/2026 | 5.75% | 08/15/26 | -6.76% | 84.82 | 90.97 |
| 6 | TLN 6.5 9/15/2024 144A | 6.50% | 09/15/24 | -6.68% | 55.89 | 59.89 |
| 7 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -5.93% | 42.10 | 44.75 |
| 8 | APLNIJ 5.95 6/2/2024 | 5.95% | 06/02/24 | -5.70% | 67.62 | 71.70 |
| 9 | NBR 5.75 2/1/2025 | 5.75% | 02/01/25 | -5.22% | 86.24 | 90.98 |
| 10 | PERLNG 5.375 3/22/2030 REGS | 5.38% | 03/22/30 | -4.89% | 79.94 | 84.06 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 7/9/21 – 7/16/21 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 7/9/21 – 7/16/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/9/21 vs. the week ending 7/16/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | BBDBCN 7.125 6/15/2026 144A | 7.13% | 06/15/26 | 65 | 272 | 207 | 318% |
| 2 | HRINTH 0 2/24/2025 | 1.38% | 02/24/25 | 140 | 218 | 78 | 56% |
| 3 | DOOR 5.75 9/15/2026 144A | 5.75% | 09/15/26 | 153 | 228 | 75 | 49% |
| 4 | SSW 6.5 4/29/2026 | 6.50% | 04/29/26 | 66 | 114 | 48 | 73% |
| 5 | FOSUNI 3.95 10/2/2026 | 3.95% | 10/02/26 | 108 | 150 | 42 | 39% |
| 6 | YUM 3.75 11/1/2021 | 3.75% | 11/01/21 | 229 | 265 | 36 | 16% |
| 7 | MLTPLN 5.75 11/1/2028 144A | 5.75% | 11/01/28 | 211 | 245 | 34 | 16% |
| 8 | AMWINS 7.75 7/1/2026 144A | 7.75% | 07/01/26 | 149 | 183 | 34 | 23% |
| 9 | NVMI 0 10/15/2025 | 0.00% | 10/15/25 | 48 | 80 | 32 | 67% |
| 10 | MONGOL 3.5 7/7/2027 REGS | 3.50% | 07/07/27 | 175 | 207 | 32 | 18% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 7/9/21 – 7/16/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | SIRI 3.875 8/1/2022 144A | 3.88% | 08/01/22 | 42 |
| 2 | X 6.875 8/15/2025 | 6.88% | 08/15/25 | 41 |
| 3 | GNW 7.625 9/24/2021 | 7.63% | 09/24/21 | 39 |
| 4 | BCULC 4.25 5/15/2024 | 4.25% | 05/15/24 | 37 |
| 5 | CPE 6.25 4/15/2023 | 6.25% | 04/15/23 | 37 |
| 6 | OXY 2.7 2/15/2023 | 2.70% | 02/15/23 | 35 |
| 7 | BBDBCN 5.75 3/15/2022 | 5.75% | 03/15/22 | 35 |
| 8 | AMC 12 6/15/2026 144A | 12.00% | 06/15/26 | 35 |
| 9 | BERY 5.125 7/15/2023 | 5.13% | 07/15/23 | 35 |
| 10 | YUM 3.75 11/1/2021 | 3.75% | 11/01/21 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 7/9/21 – 7/16/21 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 7/9/21 – 7/16/21
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