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High Yield Corporate Bond Market Summary:
Week Ending 1/8/21

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 12/31/20 – 1/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SCN 10.75 8/31/2029 10.75% 08/31/29 28.66% 28.82 22.40
2 NE 7.875 2/1/2026 REGS 7.88% 02/01/26 26.40% 49.92 39.50
3 AMC 12 6/15/2026 144A 12.00% 06/15/26 23.26% 27.13 22.01
4 ODEBRE 7.35 12/1/2026 REGS 7.35% 12/01/26 22.69% 30.90 25.19
5 SHLFDI 8.25 2/15/2025 REGS 8.25% 02/15/25 14.26% 51.40 44.98
6 NBR 5.75 2/1/2025 5.75% 02/01/25 14.02% 59.09 51.82
7 NGL 7.5 4/15/2026 7.50% 04/15/26 13.97% 70.07 61.48
8 RIG 7.35 12/15/2041 7.35% 12/15/41 13.62% 39.74 34.98
9 CPE 8.25 7/15/2025 8.25% 07/15/25 13.37% 60.84 53.67
10 ANDRGI 9.5 12/30/2024 REGS 9.50% 12/30/24 11.11% 62.97 56.68

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/31/20 – 1/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CHFOTN 8.05 1/13/2025 8.05% 01/13/25 -19.09% 66.94 82.74
2 MDLNIJ 10.75 8/30/2021 10.75% 08/30/21 -14.27% 32.30 37.68
3 ECUA 0.5 7/31/2040 REGS 0.50% 07/31/40 -8.74% 46.13 50.54
4 SYNNVX 5.676 4/24/2048 REGS 5.68% 04/24/48 -7.89% 98.12 106.53
5 SRILIJ 7.25 1/16/2025 REGS 7.25% 01/16/25 -7.87% 95.45 103.60
6 YPFDAR 7 12/15/2047 REGS 7.00% 12/15/47 -5.61% 66.40 70.35
7 GNW 6.5 6/15/2034 6.50% 06/15/34 -5.43% 91.09 96.32
8 ARGENT 0.5 7/9/2029 0.50% 07/09/29 -5.06% 39.41 41.51
9 BTU 6 3/31/2022 6.00% 03/31/22 -4.89% 70.22 73.83
10 GTT 7.875 12/31/2024 7.88% 12/31/24 -4.35% 37.99 39.72

Avg Industry Price

Displays the HY Corp average industry price by sector between 12/31/20 – 1/8/21

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

HY_Industry Px

Sentiment

Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 12/31/20 – 1/8/21

HY Sentiment

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/31/20 vs. the week ending 1/8/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 FTR 8.5 4/15/2020 8.50% 04/15/20 76 128 52 68%
2 ESKOM 5.75 1/26/2021 5.75% 01/26/21 118 160 42 36%
3 NLSN 5.5 10/1/2021 5.50% 10/01/21 173 214 41 24%
4 IEP 6.25 2/1/2022 6.25% 02/01/22 133 174 41 31%
5 LBGV 6.375 3/9/2020 6.38% 03/09/20 70 108 38 54%
6 RLTAIN 10.75 5/16/2018 10.75% 05/16/18 42 80 38 90%
7 ESKOM 6.35 8/10/2028 REGS 6.35% 08/10/28 128 166 38 30%
8 ESKOM 8.45 8/10/2028 REGS 8.45% 08/10/28 128 166 38 30%
9 CM 0.5 12/14/2023 0.50% 12/14/23 172 210 38 22%
10 ATALIA 5.125 5/15/2025 144A 5.13% 05/15/25 29 66 37 128%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 12/31/20 – 1/8/21

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 32
3 PETBRA 8.75 5/23/2026 8.75% 05/23/26 31
4 CYH 6.25 3/31/2023 6.25% 03/31/23 31
5 PETBRA 6.9 3/19/2049 6.90% 03/19/49 30
6 PETBRA 7.375 1/17/2027 7.38% 01/17/27 30
7 MD 5.25 12/1/2023 5.25% 12/01/23 30
8 PETBRA 5.999 1/27/2028 6.00% 01/27/28 30
9 TEP 4.75 10/1/2023 144A 4.75% 10/01/23 30
10 PETBRA 5.75 2/1/2029 5.75% 02/01/29 29

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 12/31/20 – 1/8/21

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

HY Bo Industry

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 12/31/20 – 1/8/21

HY_BO Volume

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