Corporates
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High Yield Corporate Bond Market Summary:
Week Ending 4/30/21
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 4/23/21 – 4/30/21
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | MOBYIT 7.75 2/15/2023 | 7.75% | 02/15/23 | 22.48% | 27.78 | 22.68 |
2 | BUENOS 9.95 6/9/2021 | 9.95% | 06/09/21 | 14.16% | 43.49 | 38.10 |
3 | HKJHCC 7.875 6/24/2021 | 7.88% | 06/24/21 | 13.85% | 29.09 | 25.55 |
4 | RALFP 4.371 1/23/2023 | 4.37% | 01/23/23 | 13.11% | 35.28 | 31.19 |
5 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | 12.45% | 53.89 | 47.93 |
6 | CDRSM 7.625 11/1/2021 | 11.63% | 11/01/23 | 10.81% | 68.31 | 61.64 |
7 | YPFDAR 2.5 6/30/2029 REGS | 2.50% | 06/30/29 | 8.85% | 54.77 | 50.32 |
8 | GPOR 6.625 5/1/2023 | 6.63% | 05/01/23 | 8.36% | 100.07 | 92.35 |
9 | ENDP 6 6/30/2028 REGS | 6.00% | 06/30/28 | 7.89% | 76.03 | 70.47 |
10 | RIG 8 2/1/2027 144A | 8.00% | 02/01/27 | 7.24% | 70.39 | 65.64 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 4/23/21 – 4/30/21
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | LGUANG 11 6/4/2022 | 11.00% | 06/04/22 | -21.11% | 66.33 | 84.07 |
2 | HRRLET 1.625 12/5/2022 | 1.63% | 12/05/22 | -19.02% | 62.88 | 77.64 |
3 | CHQENE 5.625 3/18/2022 | 5.63% | 03/18/22 | -5.67% | 58.27 | 61.77 |
4 | RRD 8.25 7/1/2027 | 8.25% | 07/01/27 | -4.85% | 111.74 | 117.44 |
5 | NWG 0 4/23/2023 | 0.00% | 04/23/23 | -4.42% | 108.00 | 113.00 |
6 | SHANSA 7.99 1/23/2021 | 7.99% | 01/23/21 | -4.40% | 67.71 | 70.82 |
7 | COZCAR 6.375 8/2/2022 | 6.38% | 08/02/22 | -4.00% | 94.30 | 98.23 |
8 | BINTPE 6.625 3/19/2029 | 6.63% | 03/19/29 | -3.79% | 101.81 | 105.83 |
9 | APLNIJ 5.95 6/2/2024 | 5.95% | 06/02/24 | -3.26% | 74.25 | 76.75 |
10 | CHFOTN 8.6 4/8/2024 | 8.60% | 04/08/24 | -3.25% | 33.90 | 35.04 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 4/23/21 – 4/30/21
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 4/23/21 – 4/30/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 4/23/21 vs. the week ending 4/30/21
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | CHTR 4.5 6/1/2033 144A | 4.50% | 06/01/33 | 172 | 270 | 98 | 57% |
2 | GAMMAB 0 7/15/2025 144A | 5.46% | 07/15/25 | 13 | 95 | 82 | 631% |
3 | PICSUR 0 11/30/2023 REGS | 2.46% | 11/30/23 | 100 | 174 | 74 | 74% |
4 | COFP 3.311 1/25/2023 | 4.56% | 01/25/23 | 30 | 98 | 68 | 227% |
5 | ZAYOGR 6.375 5/15/2025 | 6.38% | 05/15/25 | 12 | 71 | 59 | 492% |
6 | C 5.95 PERP | 5.95% | 12/29/49 | 134 | 192 | 58 | 43% |
7 | CREAL 5 2/1/2027 REGS | 5.00% | 02/01/27 | 79 | 132 | 53 | 67% |
8 | HCELEC 6.625 5/18/2020 | 6.63% | 05/18/20 | 83 | 134 | 51 | 61% |
9 | CSV 6.625 6/1/2026 144A | 6.63% | 06/01/26 | 125 | 171 | 46 | 37% |
10 | ALPHSA 10 12/19/2022 REGS | 10.00% | 12/19/22 | 181 | 226 | 45 | 25% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 4/23/21 – 4/30/21
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | GT 5.125 11/15/2023 | 5.13% | 11/15/23 | 36 |
2 | TDG 6.5 5/15/2025 | 6.50% | 05/15/25 | 35 |
3 | BECN 4.875 11/1/2025 144A | 4.88% | 11/01/25 | 34 |
4 | YUM 5.25 6/1/2026 | 5.25% | 06/01/26 | 34 |
5 | PETBRA 6.9 3/19/2049 | 6.90% | 03/19/49 | 33 |
6 | RCL 5.5 4/1/2028 144A | 5.50% | 04/01/28 | 33 |
7 | PETBRA 6.75 1/27/2041 | 6.75% | 01/27/41 | 32 |
8 | PETBRA 8.75 5/23/2026 | 8.75% | 05/23/26 | 32 |
9 | URI 5.875 9/15/2026 | 5.88% | 09/15/26 | 32 |
10 | PETBRA 7.25 3/17/2044 | 7.25% | 03/17/44 | 32 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 4/23/21 – 4/30/21
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 4/23/21 – 4/30/21
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