High Yield Corporate Bond Market Summary – Week Ending 7/9/21
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High Yield Corporate Bond Market Summary: Week Ending 7/9/21
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 7/2/21 – 7/9/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | HBCY 10 PERP | 10.00% | 10/29/49 | 17.04% | 58.63 | 50.10 |
| 2 | THSCPA 6.95 6/18/2022 | 6.95% | 06/18/22 | 11.42% | 37.36 | 33.53 |
| 3 | SRILAN 7.85 3/14/2029 REGS | 7.85% | 03/14/29 | 6.14% | 63.23 | 59.58 |
| 4 | PRN 2.75 3/10/2028 REGS | 2.75% | 03/10/28 | 5.21% | 62.20 | 59.12 |
| 5 | NOVBNC 0 4/3/2048 | 0.00% | 04/03/48 | 5.19% | 28.72 | 27.30 |
| 6 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | 5.12% | 77.40 | 73.63 |
| 7 | EXLINT 10 7/15/2023 144A | 10.00% | 07/15/23 | 4.60% | 71.31 | 68.17 |
| 8 | INTULN 8.75 12/6/2023 | 8.75% | 12/06/23 | 4.25% | 50.69 | 48.62 |
| 9 | KIONET 7.5 5/2/2025 REGS | 7.50% | 05/02/25 | 3.98% | 92.69 | 89.14 |
| 10 | ENLK 5.45 6/1/2047 | 5.45% | 06/01/47 | 3.87% | 93.69 | 90.20 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/2/21 – 7/9/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | TIANHL 13.75 11/6/2023 | 13.75% | 11/06/23 | -12.73% | 68.19 | 78.13 |
| 2 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | -11.11% | 63.54 | 71.48 |
| 3 | ENDP 6 6/30/2028 REGS | 6.00% | 06/30/28 | -8.45% | 61.51 | 67.19 |
| 4 | EVERRE 11.5 1/22/2023 | 11.50% | 01/22/23 | -8.03% | 72.58 | 78.92 |
| 5 | HRINTH 5 11/19/2025 | 5.00% | 11/19/25 | -7.06% | 66.19 | 71.21 |
| 6 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -6.20% | 44.75 | 47.71 |
| 7 | JIAZHO 10.875 6/18/2022 | 10.88% | 06/18/22 | -6.09% | 89.04 | 94.81 |
| 8 | DEXICN 9.95 12/3/2022 | 9.95% | 12/03/22 | -5.63% | 90.05 | 95.42 |
| 9 | JINKE 6.85 5/28/2024 | 6.85% | 05/28/24 | -5.44% | 88.49 | 93.59 |
| 10 | ZHLGHD 9.5 7/29/2022 | 9.50% | 07/29/22 | -5.12% | 89.19 | 94.00 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 7/2/21 – 7/9/21 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 7/2/21 – 7/9/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/2/21 vs. the week ending 7/9/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | ISPIM 3.75 PERP | 3.75% | 02/27/99 | 87 | 221 | 134 | 154% |
| 2 | HRINTH 0 2/24/2025 | 1.39% | 02/24/25 | 20 | 140 | 120 | 600% |
| 3 | CHTR 4.5 5/1/2032 | 4.50% | 05/01/32 | 142 | 223 | 81 | 57% |
| 4 | NWG 4.6 PERP | 4.60% | 12/31/99 | 187 | 247 | 60 | 32% |
| 5 | NGL 7.5 2/1/2026 REGS | 7.50% | 02/01/26 | 111 | 170 | 59 | 53% |
| 6 | BBDBCN 7.125 6/15/2026 144A | 7.13% | 06/15/26 | 20 | 65 | 45 | 225% |
| 7 | TAST 5.875 7/1/2029 | 5.88% | 07/01/29 | 152 | 194 | 42 | 28% |
| 8 | DUBAEE 4.5 8/1/2022 144A | 4.50% | 08/01/22 | 47 | 80 | 33 | 70% |
| 9 | APXSEC 7.625 9/1/2023 | 7.63% | 09/01/23 | 244 | 276 | 32 | 13% |
| 10 | GCLNE 10 1/30/2024 | 10.00% | 01/30/24 | 112 | 144 | 32 | 29% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 7/2/21 – 7/9/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | SIRI 3.875 8/1/2022 144A | 3.88% | 08/01/22 | 39 |
| 2 | CPE 6.25 4/15/2023 | 6.25% | 04/15/23 | 38 |
| 3 | BCULC 4.25 5/15/2024 | 4.25% | 05/15/24 | 37 |
| 4 | X 6.875 8/15/2025 | 6.88% | 08/15/25 | 37 |
| 5 | BERY 5.125 7/15/2023 | 5.13% | 07/15/23 | 36 |
| 6 | TEVA 3.15 10/1/2026 | 3.15% | 10/01/26 | 35 |
| 7 | OXY 2.7 2/15/2023 | 2.70% | 02/15/23 | 35 |
| 8 | NAVI 7.25 1/25/2022 | 7.25% | 01/25/22 | 35 |
| 9 | GNW 7.625 9/24/2021 | 7.63% | 09/24/21 | 35 |
| 10 | AMC 12 6/15/2026 144A | 12.00% | 06/15/26 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 7/2/21 – 7/9/21 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 7/2/21 – 7/9/21
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