Corporates
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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.
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
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
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