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High Yield Corporate Bond Market Summary:
Week Ending 7/16/21

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 7/9/21 – 7/16/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 LGUANG 10.4 3/9/2023 10.40% 03/09/23 28.74% 30.16 23.43
2 HRINTH 4.5 PERP 4.50% 12/29/49 25.57% 79.40 63.23
3 ICASA 8.875 5/29/2024 8.88% 05/29/24 12.13% 25.43 22.68
4 VESENE 8.125 7/24/2023 8.13% 07/24/23 11.65% 83.70 74.96
5 NOVBNC 0 7/13/2044 0.00% 07/13/44 10.95% 35.95 32.40
6 NINE 8.75 11/1/2023 144A 8.75% 11/01/23 10.61% 57.89 52.34
7 EXLINT 10 7/15/2023 144A 10.00% 07/15/23 8.46% 77.34 71.31
8 POSADA 7.875 6/30/2022 7.88% 06/30/22 7.93% 67.74 62.77
9 YUZHOU 6.35 1/13/2027 6.35% 01/13/27 7.21% 78.30 73.04
10 FTHDGR 9.25 7/28/2023 9.25% 07/28/23 5.78% 83.97 79.38

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/9/21 – 7/16/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PBFENE 6 2/15/2028 6.00% 02/15/28 -14.72% 55.91 65.56
2 RIG 6.8 3/15/2038 6.80% 03/15/38 -9.89% 60.60 67.26
3 AMC 5.75 6/15/2025 5.75% 06/15/25 -9.25% 71.17 78.42
4 BUENOS 0 4/12/2025 38.00% 04/12/25 -8.59% 85.59 93.64
5 NATCIN 5.75 8/15/2026 5.75% 08/15/26 -6.76% 84.82 90.97
6 TLN 6.5 9/15/2024 144A 6.50% 09/15/24 -6.68% 55.89 59.89
7 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 -5.93% 42.10 44.75
8 APLNIJ 5.95 6/2/2024 5.95% 06/02/24 -5.70% 67.62 71.70
9 NBR 5.75 2/1/2025 5.75% 02/01/25 -5.22% 86.24 90.98
10 PERLNG 5.375 3/22/2030 REGS 5.38% 03/22/30 -4.89% 79.94 84.06

Avg Industry Price

Displays the HY Corp average industry price by sector between 7/9/21 – 7/16/21

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

HY_Industry Px_7.19.21

Sentiment

Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 7/9/21 – 7/16/21

HY_Sentiment NoTitle_7.19.21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/9/21 vs. the week ending 7/16/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BBDBCN 7.125 6/15/2026 144A 7.13% 06/15/26 65 272 207 318%
2 HRINTH 0 2/24/2025 1.38% 02/24/25 140 218 78 56%
3 DOOR 5.75 9/15/2026 144A 5.75% 09/15/26 153 228 75 49%
4 SSW 6.5 4/29/2026 6.50% 04/29/26 66 114 48 73%
5 FOSUNI 3.95 10/2/2026 3.95% 10/02/26 108 150 42 39%
6 YUM 3.75 11/1/2021 3.75% 11/01/21 229 265 36 16%
7 MLTPLN 5.75 11/1/2028 144A 5.75% 11/01/28 211 245 34 16%
8 AMWINS 7.75 7/1/2026 144A 7.75% 07/01/26 149 183 34 23%
9 NVMI 0 10/15/2025 0.00% 10/15/25 48 80 32 67%
10 MONGOL 3.5 7/7/2027 REGS 3.50% 07/07/27 175 207 32 18%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 7/9/21 – 7/16/21

RANK TRANCHE COUPON MATURITY DEALERS
1 SIRI 3.875 8/1/2022 144A 3.88% 08/01/22 42
2 X 6.875 8/15/2025 6.88% 08/15/25 41
3 GNW 7.625 9/24/2021 7.63% 09/24/21 39
4 BCULC 4.25 5/15/2024 4.25% 05/15/24 37
5 CPE 6.25 4/15/2023 6.25% 04/15/23 37
6 OXY 2.7 2/15/2023 2.70% 02/15/23 35
7 BBDBCN 5.75 3/15/2022 5.75% 03/15/22 35
8 AMC 12 6/15/2026 144A 12.00% 06/15/26 35
9 BERY 5.125 7/15/2023 5.13% 07/15/23 35
10 YUM 3.75 11/1/2021 3.75% 11/01/21 34

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 7/9/21 – 7/16/21

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

HY_BO Industry_7.19.21

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/9/21 – 7/16/21

HY_BO Volume_7.19.21

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