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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