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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.

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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 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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