High Yield Corporate Bond Market Summary – Week Ending 7/30/21
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High Yield Corporate Bond Market Summary: Week Ending 7/30/21
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 7/23/21 – 7/30/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | GRENAD 7 5/12/2030 | 7.00% | 05/12/30 | 7.37% | 82.68 | 77.00 |
| 2 | ENDP 5.75 1/15/2022 | 5.75% | 01/15/22 | 5.84% | 97.13 | 91.77 |
| 3 | PBFENE 6 2/15/2028 | 6.00% | 02/15/28 | 5.50% | 51.88 | 49.17 |
| 4 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | 5.40% | 78.60 | 74.58 |
| 5 | YELLUK 8.5 5/2/2023 REGS | 8.50% | 05/02/23 | 5.20% | 57.00 | 54.18 |
| 6 | NAVIRA 0 11/15/2024 REGS | 3.71% | 11/15/24 | 4.83% | 73.61 | 70.22 |
| 7 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | 4.74% | 66.38 | 63.38 |
| 8 | EVHC 8.75 10/15/2026 144A | 8.75% | 10/15/26 | 4.56% | 72.54 | 69.38 |
| 9 | POSADA 7.875 6/30/2022 | 7.88% | 06/30/22 | 3.87% | 71.27 | 68.62 |
| 10 | SAGB 8.75 1/31/2044 | 8.75% | 01/31/44 | 3.48% | 84.22 | 81.39 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/23/21 – 7/30/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | TIANHL 13.75 11/6/2023 | 13.75% | 11/06/23 | -29.59% | 38.52 | 54.71 |
| 2 | EVERRE 11.5 1/22/2023 | 11.50% | 01/22/23 | -26.65% | 42.81 | 58.36 |
| 3 | GZRFPR 11.75 8/2/2023 | 11.75% | 08/02/23 | -19.92% | 74.56 | 93.11 |
| 4 | ZHLGHD 8.5 5/19/2022 | 8.50% | 05/19/22 | -15.34% | 73.23 | 86.50 |
| 5 | KAISAG 10.5 1/15/2025 | 10.50% | 01/15/25 | -14.81% | 76.76 | 90.10 |
| 6 | YUZHOU 6.35 1/13/2027 | 6.35% | 01/13/27 | -12.96% | 66.15 | 76.00 |
| 7 | FTHDGR 9.875 10/19/2023 | 9.88% | 10/19/23 | -10.53% | 68.39 | 76.45 |
| 8 | EHOUSE 7.6 6/10/2023 | 7.60% | 06/10/23 | -9.52% | 85.00 | 93.94 |
| 9 | HRINTH 4.95 11/7/2047 | 4.95% | 11/07/47 | -8.96% | 60.25 | 66.18 |
| 10 | RISSUN 8.95 1/18/2022 | 8.95% | 01/18/22 | -8.75% | 65.01 | 71.24 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 7/23/21 – 7/30/21 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 7/23/21 – 7/30/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/23/21 vs. the week ending 7/30/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | TNL 4.625 3/1/2030 144A | 4.63% | 03/01/30 | 40 | 111 | 71 | 178% |
| 2 | TNL 4.25 3/1/2022 | 4.25% | 03/01/22 | 50 | 111 | 61 | 122% |
| 3 | TNL 3.9 3/1/2023 | 3.90% | 03/01/23 | 50 | 109 | 59 | 118% |
| 4 | TNL 4.5 4/1/2027 | 4.50% | 04/01/27 | 54 | 108 | 54 | 100% |
| 5 | MCLAUT 5.75 8/1/2022 144A | 5.75% | 08/01/22 | 72 | 125 | 53 | 74% |
| 6 | SANIIK 5.625 12/15/2026 REGS | 5.63% | 12/15/26 | 63 | 109 | 46 | 73% |
| 7 | HOV 10.5 7/15/2024 144A | 10.50% | 07/15/24 | 103 | 144 | 41 | 40% |
| 8 | GE 0 PERP | 3.45% | 12/29/49 | 134 | 175 | 41 | 31% |
| 9 | HNDLIN 5.875 9/30/2026 | 5.88% | 09/30/26 | 223 | 260 | 37 | 17% |
| 10 | ASHWOO 6.75 8/1/2025 144A | 6.75% | 08/01/25 | 207 | 244 | 37 | 18% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 7/23/21 – 7/30/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | ADT 3.5 7/15/2022 | 3.50% | 07/15/22 | 41 |
| 2 | TSLA 5.3 8/15/2025 144A | 5.30% | 08/15/25 | 39 |
| 3 | SIRI 3.875 8/1/2022 144A | 3.88% | 08/01/22 | 39 |
| 4 | X 6.875 8/15/2025 | 6.88% | 08/15/25 | 39 |
| 5 | YUM 3.75 11/1/2021 | 3.75% | 11/01/21 | 37 |
| 6 | APXSEC 7.625 9/1/2023 | 7.63% | 09/01/23 | 35 |
| 7 | PFGC 5.5 6/1/2024 | 5.50% | 06/01/24 | 35 |
| 8 | TEVA 3.15 10/1/2026 | 3.15% | 10/01/26 | 35 |
| 9 | HNDLIN 5.875 9/30/2026 | 5.88% | 09/30/26 | 34 |
| 10 | OVV 3.9 11/15/2021 | 3.90% | 11/15/21 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 7/23/21 – 7/30/21 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 7/23/21 – 7/30/21
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