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High Yield Corporate Bond Market Summary:
Week Ending 6/4/21

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 5/28/21 – 6/4/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 HRINTH 2.875 PERP 2.88% 09/14/99 22.15% 79.70 65.24
2 YPFDAR 8.5 7/28/2025 8.50% 07/28/25 14.19% 86.71 75.93
3 AMC 6.375 11/15/2024 6.38% 11/15/24 11.53% 81.73 73.28
4 STNEWY 10 3/1/2027 10.00% 03/01/27 8.55% 27.35 25.19
5 GEO 6 4/15/2026 6.00% 04/15/26 8.04% 64.60 59.79
6 NBR 5.75 2/1/2025 5.75% 02/01/25 7.49% 88.36 82.20
7 REV 6.25 8/1/2024 6.25% 08/01/24 5.96% 38.65 36.48
8 RIG 7.35 12/15/2041 7.35% 12/15/41 5.91% 62.13 58.66
9 CBL 5.95 12/15/2026 5.95% 12/15/26 5.43% 56.55 53.64
10 LODHA 14 3/12/2023 14.00% 03/12/23 5.30% 105.59 100.27

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 5/28/21 – 6/4/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 LGUANG 10.4 3/9/2023 10.40% 03/09/23 -17.87% 43.19 52.58
2 SURINM 9.25 10/26/2026 9.25% 10/26/26 -15.35% 59.04 69.74
3 LATAIR 4.5 11/15/2023 4.50% 11/15/23 -9.79% 52.60 58.31
4 TIANHL 12 10/24/2023 12.00% 10/24/23 -8.18% 85.55 93.17
5 EVERRE 12 1/22/2024 12.00% 01/22/24 -7.84% 84.06 91.21
6 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 -6.91% 84.26 90.51
7 CPDEV 5.75 PERP 5.75% 11/14/99 -5.76% 86.62 91.92
8 SINHLD 10.5 6/18/2022 10.50% 06/18/22 -4.91% 89.39 94.00
9 YUZHOU 8.3 5/27/2025 8.30% 05/27/25 -4.26% 88.40 92.34
10 GZRFPR 8.125 7/11/2024 8.13% 07/11/24 -3.50% 89.15 92.38

Avg Industry Price

Displays the HY Corp average industry price by sector between 5/28/21 – 6/4/21

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 5/28/21 – 6/4/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 5/28/21 vs. the week ending 6/4/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 HILOHO 9.75 11/18/2024 REGS 9.75% 11/18/24 25 108 83 332%
2 HTZ 6.25 10/15/2022 6.25% 10/15/22 170 210 40 24%
3 LHAGR 4.382 8/12/2075 4.38% 08/12/75 139 179 40 29%
4 CIFIHG 5.375 PERP 5.38% 12/19/99 97 133 36 37%
5 CABKSM 6 PERP 6.00% 07/18/99 165 200 35 21%
6 PAG 5.5 5/15/2026 5.50% 05/15/26 235 270 35 15%
7 YPFDAR 8.75 4/4/2024 8.75% 04/04/24 172 204 32 19%
8 ASSGEN 6.416 12/29/2049 2.28% 12/29/49 118 150 32 27%
9 AIB 12.5 6/25/2035 12.50% 06/25/35 12 42 30 250%
10 VEDLN 7.125 5/31/2023 7.13% 05/31/23 236 266 30 13%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 5/28/21 – 6/4/21

RANK TRANCHE COUPON MATURITY DEALERS
1 AM 5.375 9/15/2024 5.38% 09/15/24 36
2 THC 5.125 5/1/2025 5.13% 05/01/25 36
3 AR 5.625 6/1/2023 5.63% 06/01/23 35
4 ARGID 6 2/15/2025 6.00% 02/15/25 35
5 YUM 5.25 6/1/2026 5.25% 06/01/26 34
6 CCO 9.25 2/15/2024 9.25% 02/15/24 34
7 BYD 6.375 4/1/2026 6.38% 04/01/26 34
8 ARMK 4.75 6/1/2026 4.75% 06/01/26 34
9 GT 4.875 3/15/2027 4.88% 03/15/27 34
10 GT 5.25 4/30/2031 5.25% 04/30/31 34

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 5/28/21 – 6/4/21

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 5/28/21 – 6/4/21

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