Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 12/31/20
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 12/24/20 – 12/31/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | 27.32% | 54.45 | 42.77 |
| 2 | REV 6.25 8/1/2024 | 6.25% | 08/01/24 | 10.44% | 34.32 | 31.08 |
| 3 | NE 7.875 2/1/2026 REGS | 7.88% | 02/01/26 | 10.36% | 39.50 | 35.79 |
| 4 | PACD 8.375 10/1/2023 REGS | 8.38% | 10/01/23 | 9.25% | 25.73 | 23.55 |
| 5 | M 6.9 4/1/2029 | 6.90% | 04/01/29 | 8.41% | 89.43 | 82.49 |
| 6 | SHLFDI 8.25 2/15/2025 REGS | 8.25% | 02/15/25 | 7.88% | 44.98 | 41.70 |
| 7 | CEIX 11 11/15/2025 144A | 11.00% | 11/15/25 | 7.68% | 74.37 | 69.06 |
| 8 | ECOREG 0 11/15/2023 REGS | 5.71% | 11/15/23 | 7.34% | 94.45 | 87.99 |
| 9 | QGOGCO 10 11/9/2024 144A | 10.00% | 11/09/24 | 5.34% | 28.85 | 27.39 |
| 10 | VEDLN 6.125 8/9/2024 REGS | 6.13% | 08/09/24 | 5.08% | 71.36 | 67.91 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/24/20 – 12/31/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | IDESA 10.125 5/22/2026 REGS | 10.13% | 05/22/26 | -13.53% | 48.03 | 55.55 |
| 2 | ARGBAD 0 4/3/2022 | 36.06% | 04/03/22 | -5.27% | 94.07 | 99.31 |
| 3 | HOV 10.5 7/15/2024 144A | 10.50% | 07/15/24 | -3.69% | 84.38 | 87.62 |
| 4 | SUMMPL 5.5 8/15/2022 | 5.50% | 08/15/22 | -2.95% | 89.83 | 92.55 |
| 5 | BCGBK 6.75 3/15/2023 | 6.75% | 03/15/23 | -2.90% | 26.89 | 27.69 |
| 6 | BUMIIJ 7.5 12/11/2022 | 7.50% | 12/11/22 | -2.66% | 75.27 | 77.33 |
| 7 | CHFOTN 8.05 1/13/2025 | 8.05% | 01/13/25 | -2.32% | 82.74 | 84.70 |
| 8 | ACBCN 5.5 2/28/2024 | 5.50% | 02/28/24 | -2.21% | 75.78 | 77.49 |
| 9 | RSMACA 3.375 9/21/2022 | 3.38% | 09/21/22 | -2.06% | 87.71 | 89.55 |
| 10 | PBFENE 7.25 6/15/2025 | 7.25% | 06/15/25 | -2.04% | 64.22 | 65.56 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/24/20 – 12/31/20
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 12/24/20 – 12/31/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/24/20 vs. the week ending 12/31/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MONTE 5.375 1/18/2028 | 5.38% | 01/18/28 | 70 | 167 | 97 | 139% |
| 2 | FTR 8.5 4/15/2020 | 8.50% | 04/15/20 | 10 | 76 | 66 | 660% |
| 3 | LLOYDS 7.881 PERP | 12.00% | 12/29/49 | 60 | 100 | 40 | 67% |
| 4 | CM 0.5 12/14/2023 | 0.50% | 12/14/23 | 134 | 172 | 38 | 28% |
| 5 | CFGSP 9.75 7/30/2019 | 9.75% | 07/30/19 | 30 | 62 | 32 | 107% |
| 6 | XPO 6.5 6/15/2022 | 6.50% | 06/15/22 | 205 | 234 | 29 | 14% |
| 7 | SDHMK 6.9965 3/12/2025 | 7.00% | 03/12/25 | 33 | 62 | 29 | 88% |
| 8 | NOVAUS 12 11/26/2026 | 12.00% | 11/26/26 | 20 | 48 | 28 | 140% |
| 9 | TKOCN 8.75 6/15/2022 | 8.75% | 06/15/22 | 101 | 127 | 26 | 26% |
| 10 | C 4 PERP | 4.00% | 12/10/99 | 152 | 177 | 25 | 16% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/24/20 – 12/31/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | ENR 7.75 1/15/2027 144A | 7.75% | 01/15/27 | 33 |
| 2 | VVV 4.375 8/15/2025 | 4.38% | 08/15/25 | 31 |
| 3 | CYH 6.25 3/31/2023 | 6.25% | 03/31/23 | 31 |
| 4 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 31 |
| 5 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | 30 |
| 6 | DSPORT 5.375 8/15/2026 144A | 5.38% | 08/15/26 | 30 |
| 7 | MD 5.25 12/1/2023 | 5.25% | 12/01/23 | 30 |
| 8 | BRGV 4.25 1/7/2025 | 4.25% | 01/07/25 | 29 |
| 9 | BRAZIL 3.875 6/12/2030 | 3.88% | 06/12/30 | 29 |
| 10 | PETBRA 6.85 6/5/2015 | 6.85% | 06/05/15 | 29 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 12/24/20 – 12/31/20
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 12/24/20 – 12/31/20
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