Corporates

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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.

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

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

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

Bid and Offer Volume

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

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