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High Yield Corporate Bond Market Summary:
Week Ending 7/23/21

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 7/16/21 – 7/23/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 ENDP 6 6/30/2028 144A 6.00% 06/30/28 15.37% 69.31 60.07
2 CLISA 9.5 7/20/2023 REGS 9.50% 07/20/23 12.69% 41.39 36.73
3 BUENOS 5.375 1/20/2023 5.38% 01/20/23 11.52% 43.65 39.14
4 HBCY 10 PERP 10.00% 10/29/49 10.32% 60.71 55.03
5 HRINTH 3.8 11/7/2025 3.80% 11/07/25 8.01% 70.04 64.85
6 MONTE 5.375 1/18/2028 5.38% 01/18/28 6.50% 80.84 75.90
7 SNAGRP 7.5 9/11/2021 7.50% 09/11/21 6.40% 60.81 57.15
8 SDRLNO 12 7/15/2025 144A 12.00% 07/15/25 5.18% 56.62 53.83
9 PBRXIJ 7.625 1/26/2022 7.63% 01/26/22 4.31% 33.90 32.50
10 DLLTD 8 4/1/2025 144A 8.00% 04/01/25 3.69% 86.74 83.66

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 7/16/21 – 7/23/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 APLNIJ 5.95 6/2/2024 5.95% 06/02/24 -26.36% 49.79 67.62
2 TIANHL 13 11/6/2022 13.00% 11/06/22 -25.13% 55.56 74.21
3 EVERRE 12 1/22/2024 12.00% 01/22/24 -21.54% 55.01 70.11
4 PBFENE 7.25 6/15/2025 7.25% 06/15/25 -15.03% 56.95 67.03
5 FTHDGR 10.875 3/2/2024 10.88% 03/02/24 -8.24% 76.30 83.15
6 ASRIIJ 6.25 11/2/2025 6.25% 11/02/25 -8.17% 72.64 79.11
7 RIG 7.35 12/15/2041 7.35% 12/15/41 -7.95% 64.66 70.24
8 AMC 6.125 5/15/2027 6.13% 05/15/27 -7.62% 63.04 68.24
9 ZHLGHD 8.5 5/19/2022 8.50% 05/19/22 -7.38% 86.50 93.40
10 RISSUN 8.95 1/18/2022 8.95% 01/18/22 -6.89% 71.24 76.51

Avg Industry Price

Displays the HY Corp average industry price by sector between 7/16/21 – 7/23/21

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

HY Industry Px_7.26.21

Sentiment

Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 7/16/21 – 7/23/21

HY Sentiment NoTitle_7.26.21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 7/16/21 vs. the week ending 7/23/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CURO 8.25 9/1/2025 144A 8.25% 09/01/25 179 236 57 32%
2 ADT 3.5 7/15/2022 3.50% 07/15/22 292 347 55 19%
3 OVV 3.9 11/15/2021 3.90% 11/15/21 191 229 38 20%
4 F 4 11/13/2030 4.00% 11/13/30 268 306 38 14%
5 FAEACO 5.1 1/21/2024 5.10% 01/21/24 68 103 35 51%
6 LAD 5.25 8/1/2025 144A 5.25% 08/01/25 194 229 35 18%
7 NFLX 5.375 11/15/2029 144A 5.38% 11/15/29 258 292 34 13%
8 BHCCN 8.5 1/31/2027 144A 8.50% 01/31/27 276 308 32 12%
9 DFS 2.45 9/12/2024 2.45% 09/12/24 105 137 32 30%
10 DFS 3.45 7/27/2026 3.45% 07/27/26 121 152 31 26%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 7/16/21 – 7/23/21

RANK TRANCHE COUPON MATURITY DEALERS
1 SIRI 3.875 8/1/2022 144A 3.88% 08/01/22 41
2 ADT 3.5 7/15/2022 3.50% 07/15/22 40
3 X 6.875 8/15/2025 6.88% 08/15/25 40
4 YUM 3.75 11/1/2021 3.75% 11/01/21 36
5 GNW 7.625 9/24/2021 7.63% 09/24/21 36
6 BCULC 4.25 5/15/2024 4.25% 05/15/24 35
7 AMC 12 6/15/2026 144A 12.00% 06/15/26 35
8 CPE 6.25 4/15/2023 6.25% 04/15/23 35
9 PFGC 5.5 6/1/2024 5.50% 06/01/24 35
10 AAL 5 6/1/2022 144A 5.00% 06/01/22 35

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 7/16/21 – 7/23/21

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

HY BO Industry_7.26.21

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/16/21 – 7/23/21

HY BO Volume_7.26.21

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