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High Yield Corporate Bond Market Summary:
Week Ending 10/9/20

Our newsletter presents key trends derived from observable High Yield Corporate Bond pricing data over a weekly period.

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Top 10 Winners
Top 10 Losers
Avg Industry Price
Market Sentiment
Top Movers
Most Quoted HY
Bid Offer Spread
Bid & Offer Volume

Top 10 Winners

Showcases the top 10 HY Corp “winners” based on the largest bid price increases between 10/2/20 – 10/9/20

RANK NAME COUPON MATURITY CHANGE PX PX-1W
1 SUMMPL 5.75 4/15/2025 5.75% 04/15/25 15.67% 67.14 58.04
2 MCGHLL 7.875 5/15/2024 7.88% 05/15/24 14.84% 60.85 52.99
3 SHLFDI 8.25 2/15/2025 144A 8.25% 02/15/25 12.74% 39.74 35.25
4 TLWLN 6.25 4/15/2022 6.25% 04/15/22 10.98% 56.52 50.93
5 GLJGR 0.625 1/9/2025 0.63% 01/09/25 10.56% 75.26 68.08
6 GFKLDE 11 11/1/2023 11.00% 11/01/23 9.43% 87.05 79.55
7 QEP 5.25 5/1/2023 5.25% 05/01/23 8.01% 77.96 72.17
8 IVYCST 6.625 3/22/2048 REGS 6.63% 03/22/48 7.61% 91.31 84.86
9 OMAN 6.5 3/8/2047 6.50% 03/08/47 7.53% 88.63 82.43
10 GOLLBZ 8.75 4/29/2049 8.75% 04/29/49 7.52% 67.86 63.12

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/2/20 – 10/9/20

RANK NAME COUPON MATURITY CHANGE PX PX-1W
1 RIG 5.375 5/15/2023 144A 5.38% 05/15/23 -12.31% 58.45 66.66
2 AMC 10.5 4/24/2026 144A 10.50% 04/24/26 -10.81% 63.88 71.63
3 MBI 5.7 12/1/2034 5.70% 12/01/34 -9.25% 81.11 89.38
4 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 -8.75% 46.06 50.48
5 VEDLN 7.125 5/31/2023 7.13% 05/31/23 -7.95% 70.76 76.87
6 CPE 6.25 4/15/2023 6.25% 04/15/23 -6.85% 40.13 43.08
7 LPI 10.125 1/15/2028 10.13% 01/15/28 -6.37% 53.16 56.77
8 LITMID 0 7/9/2025 6.24% 07/09/25 -6.03% 76.59 81.50
9 NATCIN 5.875 4/15/2028 144A 5.88% 04/15/28 -5.99% 78.03 83.00
10 SRAILT 7 6/25/2024 7.00% 06/25/24 -5.62% 64.80 68.66

Avg Industry Price

Displays the HY Corp average industry price by sector between 10/2/20 – 10/9/20

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

HY Avg Industry PX

Sentiment

Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 10/2/20 – 10/9/20

HY Market Sentiment - Advancers vs Decliners

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/2/20 vs. the week ending 10/9/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SFRFP 5.125 1/15/2029 REGS 5.13% 01/15/29 16 151 135 844%
2 TEVA 7.125 1/31/2025 7.13% 01/31/25 54 171 117 217%
3 GLJGR 0.625 1/9/2025 0.63% 01/09/25 132 230 98 74%
4 PETBRA 6.875 1/20/2040 6.88% 01/20/40 261 327 66 25%
5 FOUIHK 0 5/21/2021 4.23% 05/21/21 25 90 65 260%
6 AMC 12 6/15/2026 144A 12.00% 06/15/26 170 235 65 38%
7 PETBRA 5.625 5/20/2043 5.63% 05/20/43 252 314 62 25%
8 CEMEX 6 4/1/2024 6.00% 04/01/24 193 254 61 32%
9 DB 6 PERP 6.00% 02/14/99 78 139 61 78%
10 CEMEX 6.125 5/5/2025 6.13% 05/05/25 221 275 54 24%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 10/2/20 – 10/9/20

RANK TRANCHE COUPON MATURITY DEALERS
1 PETBRA 8.75 5/23/2026 8.75% 05/23/26 36
2 ARGENT 1 7/9/2029 1.00% 07/09/29 35
3 ARGENT 0.125 7/9/2030 0.13% 07/09/30 35
4 PETBRA 6.85 6/5/2015 6.85% 06/05/15 35
5 PETBRA 5.75 2/1/2029 5.75% 02/01/29 34
6 ARGENT 0.125 7/9/2035 0.13% 07/09/35 34
7 ARGENT 0.125 1/9/2038 0.13% 01/09/38 34
8 UBER 7.5 11/1/2023 144A 7.50% 11/01/23 34
9 RIG 6.8 3/15/2038 6.80% 03/15/38 33
10 PETBRA 7.375 1/17/2027 7.38% 01/17/27 33

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 10/2/20 – 10/9/20

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

HY Bid Offer Industry

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 10/2/20 – 10/9/20

HY Bid Offer Volume

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