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High Yield Corporate Bond Market Summary:
Week Ending 7/9/21

Our newsletter presents key trends derived from observable 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 7/2/21 – 7/9/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 HBCY 10 PERP 10.00% 10/29/49 17.04% 58.63 50.10
2 THSCPA 6.95 6/18/2022 6.95% 06/18/22 11.42% 37.36 33.53
3 SRILAN 7.85 3/14/2029 REGS 7.85% 03/14/29 6.14% 63.23 59.58
4 PRN 2.75 3/10/2028 REGS 2.75% 03/10/28 5.21% 62.20 59.12
5 NOVBNC 0 4/3/2048 0.00% 04/03/48 5.19% 28.72 27.30
6 BTU 6.375 3/31/2025 6.38% 03/31/25 5.12% 77.40 73.63
7 EXLINT 10 7/15/2023 144A 10.00% 07/15/23 4.60% 71.31 68.17
8 INTULN 8.75 12/6/2023 8.75% 12/06/23 4.25% 50.69 48.62
9 KIONET 7.5 5/2/2025 REGS 7.50% 05/02/25 3.98% 92.69 89.14
10 ENLK 5.45 6/1/2047 5.45% 06/01/47 3.87% 93.69 90.20

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/2/21 – 7/9/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 TIANHL 13.75 11/6/2023 13.75% 11/06/23 -12.73% 68.19 78.13
2 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 -11.11% 63.54 71.48
3 ENDP 6 6/30/2028 REGS 6.00% 06/30/28 -8.45% 61.51 67.19
4 EVERRE 11.5 1/22/2023 11.50% 01/22/23 -8.03% 72.58 78.92
5 HRINTH 5 11/19/2025 5.00% 11/19/25 -7.06% 66.19 71.21
6 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 -6.20% 44.75 47.71
7 JIAZHO 10.875 6/18/2022 10.88% 06/18/22 -6.09% 89.04 94.81
8 DEXICN 9.95 12/3/2022 9.95% 12/03/22 -5.63% 90.05 95.42
9 JINKE 6.85 5/28/2024 6.85% 05/28/24 -5.44% 88.49 93.59
10 ZHLGHD 9.5 7/29/2022 9.50% 07/29/22 -5.12% 89.19 94.00

Avg Industry Price

Displays the HY Corp average industry price by sector between 7/2/21 – 7/9/21

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

HY_Industry Px_7.12.21

Sentiment

Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 7/2/21 – 7/9/21

HY_Sentiment NoTitle_7.12.21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/2/21 vs. the week ending 7/9/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ISPIM 3.75 PERP 3.75% 02/27/99 87 221 134 154%
2 HRINTH 0 2/24/2025 1.39% 02/24/25 20 140 120 600%
3 CHTR 4.5 5/1/2032 4.50% 05/01/32 142 223 81 57%
4 NWG 4.6 PERP 4.60% 12/31/99 187 247 60 32%
5 NGL 7.5 2/1/2026 REGS 7.50% 02/01/26 111 170 59 53%
6 BBDBCN 7.125 6/15/2026 144A 7.13% 06/15/26 20 65 45 225%
7 TAST 5.875 7/1/2029 5.88% 07/01/29 152 194 42 28%
8 DUBAEE 4.5 8/1/2022 144A 4.50% 08/01/22 47 80 33 70%
9 APXSEC 7.625 9/1/2023 7.63% 09/01/23 244 276 32 13%
10 GCLNE 10 1/30/2024 10.00% 01/30/24 112 144 32 29%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 7/2/21 – 7/9/21

RANK TRANCHE COUPON MATURITY DEALERS
1 SIRI 3.875 8/1/2022 144A 3.88% 08/01/22 39
2 CPE 6.25 4/15/2023 6.25% 04/15/23 38
3 BCULC 4.25 5/15/2024 4.25% 05/15/24 37
4 X 6.875 8/15/2025 6.88% 08/15/25 37
5 BERY 5.125 7/15/2023 5.13% 07/15/23 36
6 TEVA 3.15 10/1/2026 3.15% 10/01/26 35
7 OXY 2.7 2/15/2023 2.70% 02/15/23 35
8 NAVI 7.25 1/25/2022 7.25% 01/25/22 35
9 GNW 7.625 9/24/2021 7.63% 09/24/21 35
10 AMC 12 6/15/2026 144A 12.00% 06/15/26 34

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 7/2/21 – 7/9/21

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

HY_BO Industry_7.12.21

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/2/21 – 7/9/21

HY_BO Volume_7.12.21

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