High Yield Corporate Bond Market Summary – Week Ending 9/24/21
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High Yield Corporate Bond Market Summary: Week Ending 9/24/21
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 9/17/21 – 9/24/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | GZRFPR 11.75 8/2/2023 | 11.75% | 08/02/23 | 28.34% | 72.31 | 56.34 |
| 2 | MOBYIT 7.75 2/15/2023 | 7.75% | 02/15/23 | 10.56% | 45.10 | 40.79 |
| 3 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | 10.10% | 55.02 | 49.97 |
| 4 | PBFENE 7.25 6/15/2025 | 7.25% | 06/15/25 | 7.64% | 67.10 | 62.34 |
| 5 | VTG 9.25 11/15/2023 144A | 9.25% | 11/15/23 | 4.84% | 90.17 | 86.01 |
| 6 | CHFOTN 7.125 4/8/2022 | 7.13% | 04/08/22 | 4.77% | 36.68 | 35.01 |
| 7 | SMLP 9.5 PERP | 9.50% | 11/14/99 | 4.76% | 85.01 | 81.14 |
| 8 | D 6.25 7/1/2036 | 6.25% | 07/01/36 | 3.77% | 139.64 | 134.57 |
| 9 | HMPT 5 2/1/2026 144A | 5.00% | 02/01/26 | 3.74% | 92.15 | 88.83 |
| 10 | OHLSM 6.6 3/31/2026 REGS | 6.60% | 03/31/26 | 3.58% | 91.10 | 87.96 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 9/17/21 – 9/24/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | FTHDGR 11.875 6/1/2023 | 11.88% | 06/01/23 | -22.99% | 36.50 | 47.40 |
| 2 | YPFDAR 16.5 5/9/2022 | 16.50% | 05/09/22 | -11.73% | 64.00 | 72.50 |
| 3 | SVKING 7.875 10/1/2022 | 7.88% | 10/01/22 | -11.25% | 83.15 | 93.69 |
| 4 | GRNLGR 6.75 9/26/2023 | 6.75% | 09/26/23 | -8.80% | 69.80 | 76.54 |
| 5 | ARGENT 0.125 7/9/2035 | 0.13% | 07/09/35 | -8.45% | 32.63 | 35.65 |
| 6 | MNK 5.75 8/1/2022 | 5.75% | 08/01/22 | -7.72% | 57.66 | 62.48 |
| 7 | MOLAND 11.95 3/4/2024 | 11.95% | 03/04/24 | -6.79% | 74.14 | 79.54 |
| 8 | AGGHOL 6.875 11/9/2025 | 6.88% | 11/09/25 | -6.66% | 86.15 | 92.29 |
| 9 | CENCHI 6.875 8/8/2022 | 6.88% | 08/08/22 | -5.89% | 75.11 | 79.81 |
| 10 | ARGBON 0.125 7/9/2041 | 3.72% | 07/09/41 | -5.52% | 35.67 | 37.75 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 9/17/21 – 9/24/21 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 9/17/21 – 9/24/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/17/21 vs. the week ending 9/24/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | ECUA 1 7/31/2035 REGS | 1.00% | 07/31/35 | 60 | 162 | 102 | 170% |
| 2 | SUZANO 2.5 9/15/2028 | 2.50% | 09/15/28 | 157 | 241 | 84 | 54% |
| 3 | CNXMPF 6.5 3/15/2026 144A | 6.50% | 03/15/26 | 159 | 225 | 66 | 42% |
| 4 | VVNT 6.75 2/15/2027 144A | 6.75% | 02/15/27 | 158 | 213 | 55 | 35% |
| 5 | VVNT 5.75 7/15/2029 144A | 5.75% | 07/15/29 | 164 | 218 | 54 | 33% |
| 6 | MORTON 4.875 5/1/2028 144A | 4.88% | 05/01/28 | 131 | 181 | 50 | 38% |
| 7 | FTHDGR 6.95 12/17/2021 | 6.95% | 12/17/21 | 208 | 256 | 48 | 23% |
| 8 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | 337 | 384 | 47 | 14% |
| 9 | FTHDGR 7.95 7/5/2022 | 7.95% | 07/05/22 | 205 | 252 | 47 | 23% |
| 10 | FTHDGR 11.75 4/17/2022 | 11.75% | 04/17/22 | 200 | 246 | 46 | 23% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 9/17/21 – 9/24/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 42 |
| 2 | EVERRE 9.5 4/11/2022 | 9.50% | 04/11/22 | 41 |
| 3 | EVERRE 10 4/11/2023 | 10.00% | 04/11/23 | 40 |
| 4 | AXL 6.25 4/1/2025 | 6.25% | 04/01/25 | 40 |
| 5 | EVERRE 8.25 3/23/2022 | 8.25% | 03/23/22 | 40 |
| 6 | EVERRE 11.5 1/22/2023 | 11.50% | 01/22/23 | 39 |
| 7 | EVERRE 7.5 6/28/2023 | 7.50% | 06/28/23 | 39 |
| 8 | EVERRE 9.5 3/29/2024 | 9.50% | 03/29/24 | 39 |
| 9 | EVERRE 10.5 4/11/2024 | 10.50% | 04/11/24 | 38 |
| 10 | EVERRE 12 1/22/2024 | 12.00% | 01/22/24 | 38 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 9/17/21 – 9/24/21 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 9/17/21 – 9/24/21
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