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High Yield Corporate Bond Market Summary:
Week Ending 11/13/20

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 11/6/20 – 11/13/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 REV 6.25 8/1/2024 6.25% 08/01/24 128.53% 27.88 12.20
2 AMC 10.5 4/15/2025 144A 10.50% 04/15/25 24.95% 68.69 54.98
3 LPI 10.125 1/15/2028 10.13% 01/15/28 20.15% 58.57 48.75
4 NCLH 3.625 12/15/2024 144A 3.63% 12/15/24 18.39% 84.85 71.67
5 VIKCRU 6.25 5/15/2025 6.25% 05/15/25 15.58% 92.54 80.06
6 AAL 3.75 3/1/2025 144A 3.75% 03/01/25 15.20% 57.11 49.58
7 NOVBNC 0 7/13/2043 0.00% 07/13/43 14.98% 31.21 27.15
8 MASAIN 0 9/15/2024 REGS 4.73% 09/15/24 14.77% 88.52 77.12
9 MSSCRK 7.5 1/15/2026 144A 7.50% 01/15/26 14.32% 58.43 51.11
10 COTY 6.5 4/15/2026 144A 6.50% 04/15/26 13.64% 93.26 82.07

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/6/20 – 11/13/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 MBI 5.7 12/1/2034 5.70% 12/01/34 -14.21% 71.30 83.12
2 GTT 7.875 12/31/2024 7.88% 12/31/24 -12.44% 41.70 47.63
3 BTU 6.375 3/31/2025 6.38% 03/31/25 -10.98% 25.56 28.71
4 BHIP 0 11/7/2022 REGS 35.81% 11/07/22 -10.52% 93.94 104.99
5 NBR 5.1 9/15/2023 5.10% 09/15/23 -6.59% 44.48 47.62
6 SNAGRP 7.5 9/11/2021 7.50% 09/11/21 -5.94% 87.82 93.37
7 SHLFDI 8.25 2/15/2025 144A 8.25% 02/15/25 -5.48% 36.59 38.71
8 TAPTRA 4.375 6/23/2023 4.38% 06/23/23 -5.35% 81.36 85.96
9 MLTPLN 5.75 11/1/2028 144A 5.75% 11/01/28 -5.23% 94.66 99.88
10 GUINNE 2 4/22/2055 2.00% 04/22/55 -3.87% 102.43 106.55

Avg Industry Price

Displays the HY Corp average industry price by sector between 11/6/20 – 11/13/20

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 11/6/20 – 11/13/20

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 11/6/20 vs. the week ending 11/13/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 LAMR 3.75 2/15/2028 3.75% 02/15/28 36 187 151 419%
2 RIG 11.5 1/30/2027 11.50% 01/30/27 75 182 107 143%
3 CHCOCH 3.7 11/15/2029 3.70% 11/15/29 19 107 88 463%
4 FREMOR 7.625 5/1/2026 144A 7.63% 05/01/26 66 154 88 133%
5 USIMIT 6.375 PERP 6.38% 10/27/99 52 137 85 163%
6 SDHMK 6.9965 3/12/2025 7.00% 03/12/25 18 95 77 428%
7 AKUCN 7 11/1/2025 144A 7.00% 11/01/25 5 59 54 1080%
8 AVP 5 3/15/2023 7.00% 03/15/23 47 97 50 106%
9 AXTA 4.875 8/15/2024 4.88% 08/15/24 163 198 35 21%
10 MOH 4.875 6/15/2025 144A 4.88% 06/15/25 181 214 33 18%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 11/6/20 – 11/13/20

RANK TRANCHE COUPON MATURITY DEALERS
1 PETBRA 5.999 1/27/2028 6.00% 01/27/28 34
2 ROLLS 5.75 10/15/2027 REGS 5.75% 10/15/27 33
3 PETBRA 6.85 6/5/2015 6.85% 06/05/15 33
4 PETBRA 6.875 1/20/2040 6.88% 01/20/40 33
5 PETBRA 8.75 5/23/2026 8.75% 05/23/26 32
6 PETBRA 5.75 2/1/2029 5.75% 02/01/29 32
7 PETBRA 5.625 5/20/2043 5.63% 05/20/43 32
8 AR 5.375 11/1/2021 5.38% 11/01/21 32
9 PETBRA 7.375 1/17/2027 7.38% 01/17/27 31
10 DSPORT 5.375 8/15/2026 144A 5.38% 08/15/26 31

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 11/6/20 – 11/13/20

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 11/6/20 – 11/13/20

HY Bid Offer Volume

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