Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 2/19/21
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 2/12/21 – 2/19/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | ENTRIO 8.75 2/8/2025 | 8.75% | 02/08/25 | 17.07% | 66.83 | 57.09 |
| 2 | AMC 6.125 5/15/2027 | 6.13% | 05/15/27 | 12.35% | 44.48 | 39.59 |
| 3 | VTG 9.25 11/15/2023 REGS | 9.25% | 11/15/23 | 10.09% | 72.75 | 66.08 |
| 4 | GRNLGR 5.9 2/12/2023 | 5.90% | 02/12/23 | 9.61% | 87.53 | 79.86 |
| 5 | KLXE 11.5 11/1/2025 144A | 11.50% | 11/01/25 | 9.29% | 61.61 | 56.37 |
| 6 | AHEREN 7.375 5/15/2023 | 7.38% | 05/15/23 | 9.12% | 82.85 | 75.93 |
| 7 | INTEL 9.5 2/15/2023 | 9.50% | 02/15/23 | 9.00% | 30.70 | 28.16 |
| 8 | CREDVA 8.875 2/27/2025 144A | 8.88% | 02/27/25 | 8.63% | 82.82 | 76.24 |
| 9 | LATAIR 6.875 4/11/2024 | 6.88% | 04/11/24 | 7.56% | 80.17 | 74.53 |
| 10 | ARGTES 16 10/17/2023 | 16.00% | 10/17/23 | 7.17% | 66.44 | 62.00 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 2/12/21 – 2/19/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | INTEL 9.75 7/15/2025 REGS | 9.75% | 07/15/25 | -12.35% | 60.37 | 68.87 |
| 2 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | -5.45% | 56.73 | 60.01 |
| 3 | BUENOS 4 5/15/2035 | 4.00% | 05/15/35 | -5.05% | 33.76 | 35.55 |
| 4 | ARGENT 0.125 7/9/2046 | 0.13% | 07/09/46 | -4.41% | 32.45 | 33.95 |
| 5 | SOAF 5.75 9/30/2049 | 5.75% | 09/30/49 | -4.29% | 94.48 | 98.72 |
| 6 | EUROCA 4 4/30/2026 REGS | 4.00% | 04/30/26 | -4.25% | 71.81 | 75.00 |
| 7 | BTU 6.375 3/31/2025 | 6.38% | 03/31/25 | -4.19% | 51.86 | 54.13 |
| 8 | LIBMUT 4.3 2/1/2061 144A | 4.30% | 02/01/61 | -3.93% | 92.78 | 96.57 |
| 9 | DOMREP 5.875 1/30/2060 REGS | 5.88% | 01/30/60 | -3.66% | 101.64 | 105.49 |
| 10 | PETBRA 5.625 5/20/2043 | 5.63% | 05/20/43 | -3.38% | 105.00 | 108.68 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 2/12/21 – 2/19/21
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 2/12/21 – 2/19/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 2/12/21 vs. the week ending 2/19/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | BDX 1.957 2/11/2031 | 1.96% | 02/11/31 | 133 | 232 | 99 | 74% |
| 2 | OMF 5.375 11/15/2029 | 5.38% | 11/15/29 | 41 | 137 | 96 | 234% |
| 3 | PFSI 4.25 2/15/2029 144A | 4.25% | 02/15/29 | 103 | 198 | 95 | 92% |
| 4 | OMF 6.125 5/15/2022 | 6.13% | 05/15/22 | 35 | 130 | 95 | 271% |
| 5 | OMF 5.625 3/15/2023 | 5.63% | 03/15/23 | 40 | 135 | 95 | 238% |
| 6 | OMF 6.625 1/15/2028 | 6.63% | 01/15/28 | 36 | 131 | 95 | 264% |
| 7 | OMF 6.125 3/15/2024 | 6.13% | 03/15/24 | 35 | 129 | 94 | 269% |
| 8 | ENQLN 7 10/15/2023 | 7.00% | 10/15/23 | 98 | 190 | 92 | 94% |
| 9 | OMF 7.125 3/15/2026 | 7.13% | 03/15/26 | 41 | 132 | 91 | 222% |
| 10 | OMF 8.25 10/1/2023 | 8.25% | 10/01/23 | 30 | 115 | 85 | 283% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 2/12/21 – 2/19/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | AMCX 4.75 12/15/2022 | 4.75% | 12/15/22 | 35 |
| 2 | JBSSBZ 5.75 6/15/2025 | 5.75% | 06/15/25 | 35 |
| 3 | SBAC 4 10/1/2022 | 4.00% | 10/01/22 | 33 |
| 4 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 33 |
| 5 | AMC 10.5 4/15/2025 144A | 10.50% | 04/15/25 | 33 |
| 6 | NGLS 5.125 2/1/2025 | 5.13% | 02/01/25 | 33 |
| 7 | LVLT 5.375 1/15/2024 | 5.38% | 01/15/24 | 32 |
| 8 | CPE 6.25 4/15/2023 | 6.25% | 04/15/23 | 32 |
| 9 | THC 7 8/1/2025 | 7.00% | 08/01/25 | 32 |
| 10 | AR 5.125 12/1/2022 | 5.13% | 12/01/22 | 32 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 2/12/21 – 2/19/21
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 2/12/21 – 2/19/21
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