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High Yield Corporate Bond Market Summary:
Week Ending 2/26/21

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 2/19/21 – 2/26/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 AMC 5.75 6/15/2025 5.75% 06/15/25 28.94% 58.38 45.28
2 MDLNIJ 10.75 8/30/2021 10.75% 08/30/21 14.13% 37.32 32.70
3 CDRSM 6.75 11/1/2021 6.75% 11/01/21 13.54% 57.42 50.57
4 VTG 9.25 11/15/2023 REGS 9.25% 11/15/23 11.89% 81.40 72.75
5 HTZ 6.25 10/15/2022 6.25% 10/15/22 10.41% 76.33 69.14
6 AMIGLN 7.625 1/15/2024 7.63% 01/15/24 9.98% 71.33 64.86
7 PBFENE 6 2/15/2028 6.00% 02/15/28 9.77% 63.03 57.42
8 ASRIIJ 6.25 11/2/2025 6.25% 11/02/25 9.54% 80.80 73.77
9 DLLTD 8 4/1/2025 144A 8.00% 04/01/25 9.09% 81.14 74.38
10 CBL 5.25 12/1/2023 5.25% 12/01/23 9.06% 43.31 39.71

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 2/19/21 – 2/26/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 -9.78% 51.18 56.73
2 ERESQD 4.375 5/18/2021 4.38% 05/18/21 -7.27% 90.25 97.33
3 GRTWST 12 9/1/2025 144A 12.00% 09/01/25 -7.08% 89.59 96.42
4 BTU 6.375 3/31/2025 6.38% 03/31/25 -5.50% 49.01 51.86
5 FRETAI 5.6 1/22/2025 REGS 5.60% 01/22/25 -4.91% 84.06 88.40
6 DOMREP 5.875 1/30/2060 REGS 5.88% 01/30/60 -4.67% 96.89 101.64
7 BRAZIL 5 1/27/2045 5.00% 01/27/45 -4.51% 97.71 102.33
8 TEVA 4.1 10/1/2046 4.10% 10/01/46 -4.50% 85.06 89.07
9 TURKEY 4.875 4/16/2043 4.88% 04/16/43 -4.47% 80.67 84.45
10 YPFDAR 6.95 7/21/2027 144A 6.95% 07/21/27 -4.26% 63.69 66.52

Avg Industry Price

Displays the HY Corp average industry price by sector between 2/19/21 – 2/26/21

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 2/19/21 – 2/26/21

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 2/19/21 vs. the week ending 2/26/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 YPFDAR 1.5 9/30/2033 REGS 1.50% 09/30/33 1 162 161 16100%
2 GDDY 5.25 12/1/2027 144A 5.25% 12/01/27 50 188 138 276%
3 KHC 3.75 4/1/2030 3.75% 04/01/30 67 192 125 187%
4 TSCOLN 0.375 7/27/2029 0.38% 07/27/29 25 146 121 484%
5 ARNC 5.87 2/23/2022 5.87% 02/23/22 40 156 116 290%
6 IVYCST 4.875 1/30/2032 REGS 4.88% 01/30/32 20 132 112 560%
7 HWM 5.125 10/1/2024 5.13% 10/01/24 60 169 109 182%
8 ARNC 6.125 2/15/2028 144A 6.13% 02/15/28 46 154 108 235%
9 APICOR 1.26 2/10/2026 1.26% 02/10/26 11 115 104 945%
10 AMAGGI 5.25 1/28/2028 144A 5.25% 01/28/28 77 180 103 134%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 2/19/21 – 2/26/21

RANK TRANCHE COUPON MATURITY DEALERS
1 PETBRA 8.75 5/23/2026 8.75% 05/23/26 34
2 SBAC 4 10/1/2022 4.00% 10/01/22 33
3 AMC 10.5 4/15/2025 144A 10.50% 04/15/25 33
4 AMCX 4.75 12/15/2022 4.75% 12/15/22 33
5 THC 7 8/1/2025 7.00% 08/01/25 33
6 PETBRA 7.375 1/17/2027 7.38% 01/17/27 32
7 AMC 12 6/15/2026 144A 12.00% 06/15/26 32
8 PETBRA 6.875 1/20/2040 6.88% 01/20/40 32
9 PETBRA 6.25 3/17/2024 6.25% 03/17/24 32
10 ST 6.25 2/15/2026 6.25% 02/15/26 32

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 2/19/21 – 2/26/21

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 2/19/21 – 2/26/21

HY_BO Volume

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