Corporates

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High Yield Corporate Bond Market Summary:
Week Ending 8/27/21

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 8/20/21 – 8/27/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PBFENE 6 2/15/2028 6.00% 02/15/28 26.50% 65.56 51.83
2 RIG 6.8 3/15/2038 6.80% 03/15/38 15.18% 52.59 45.66
3 SVKING 7.875 10/1/2022 7.88% 10/01/22 12.80% 93.44 82.83
4 CENCHI 7.25 7/16/2024 7.25% 07/16/24 9.52% 78.31 71.50
5 RISSUN 8 4/24/2022 8.00% 04/24/22 9.08% 59.61 54.64
6 HRRLET 1.625 12/5/2022 1.63% 12/05/22 8.56% 85.66 78.90
7 CAPG 5.88 3/1/2027 5.88% 03/01/27 7.97% 83.20 77.06
8 CPE 6.375 7/1/2026 6.38% 07/01/26 6.91% 90.47 84.62
9 ARGENT 0.125 7/9/2030 0.13% 07/09/30 6.88% 36.64 34.28
10 VEDLN 6.125 8/9/2024 REGS 6.13% 08/09/24 6.83% 91.18 85.35

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 8/20/21 – 8/27/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 EVERRE 9.5 4/11/2022 9.50% 04/11/22 -10.57% 42.72 47.77
2 ENDP 6 2/1/2025 6.00% 02/01/25 -10.13% 63.11 70.22
3 GZRFPR 11.75 8/2/2023 11.75% 08/02/23 -7.95% 78.02 84.76
4 TLN 4.6 12/15/2021 4.60% 12/15/21 -7.91% 77.87 84.55
5 SRILAN 5.75 1/18/2022 5.75% 01/18/22 -7.86% 85.90 93.22
6 FTHDGR 12.25 10/18/2022 12.25% 10/18/22 -7.34% 68.70 74.14
7 CPS 5.625 11/15/2026 5.63% 11/15/26 -4.48% 84.63 88.60
8 GEO 6.5 2/23/2026 144A 6.50% 02/23/26 -4.32% 103.29 107.95
9 CSCHCN 10.75 4/11/2023 10.75% 04/11/23 -3.70% 69.15 71.80
10 MONTE 8 1/22/2030 8.00% 01/22/30 -2.94% 91.31 94.08

Avg Industry Price

Displays the HY Corp average industry price by sector between8/20/21 – 8/27/21

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 8/20/21 – 8/27/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 8/20/21 vs. the week ending 8/27/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SWN 5.375 3/15/2030 5.38% 03/15/30 177 295 118 67%
2 PBI 3.875 5/15/2022 3.88% 05/15/22 94 150 56 60%
3 LB 5.625 10/15/2023 5.63% 10/15/23 236 286 50 21%
4 KEADGR 7.875 7/31/2023 7.88% 07/31/23 134 179 45 34%
5 TALO 12 1/15/2026 12.00% 01/15/26 70 113 43 61%
6 MXCHF 4.875 9/19/2022 4.88% 09/19/22 191 231 40 21%
7 HRINTH 3.625 11/22/2021 3.63% 11/22/21 264 300 36 14%
8 SSP 5.375 1/15/2031 144A 5.38% 01/15/31 225 258 33 15%
9 TLN 4.6 12/15/2021 4.60% 12/15/21 188 220 32 17%
10 MTNA 7 10/15/2039 7.00% 10/15/39 177 208 31 18%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 8/20/21 – 8/27/21

RANK TRANCHE COUPON MATURITY DEALERS
1 CHTR 5.75 2/15/2026 5.75% 02/15/26 42
2 AXL 6.25 4/1/2025 6.25% 04/01/25 40
3 SIRI 5.375 7/15/2026 5.38% 07/15/26 40
4 URI 5.875 9/15/2026 5.88% 09/15/26 39
5 CNC 5.375 8/15/2026 144A 5.38% 08/15/26 37
6 CAR 5.25 3/15/2025 5.25% 03/15/25 37
7 CCS 5.875 7/15/2025 5.88% 07/15/25 37
8 TEP 5.5 9/15/2024 5.50% 09/15/24 37
9 CHTR 4.25 1/15/2034 144A 4.25% 01/15/34 37
10 LB 5.625 10/15/2023 5.63% 10/15/23 36

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 8/20/21 – 8/27/21

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 8/20/21 – 8/27/21

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