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High Yield Corporate Bond Market Summary:
Week Ending 9/3/21

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 8/27/21 – 9/3/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 NNA 8.125 11/15/2021 8.13% 11/15/21 24.15% 100.18 80.69
2 TLN 6 12/15/2036 6.00% 12/15/36 17.24% 36.36 31.01
3 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 11.27% 43.41 39.01
4 ASRIIJ 6.25 11/2/2025 6.25% 11/02/25 11.15% 79.31 71.35
5 CBL 5.95 12/15/2026 5.95% 12/15/26 8.47% 66.53 61.34
6 RIG 6.8 3/15/2038 6.80% 03/15/38 6.69% 56.10 52.59
7 LPI 7.75 7/31/2029 144A 7.75% 07/31/29 6.15% 97.91 92.23
8 RRD 8.82 4/15/2031 8.82% 04/15/31 6.14% 121.20 114.18
9 ARGENT 0.5 7/9/2029 0.50% 07/09/29 6.01% 39.51 37.27
10 EHOUSE 7.6 6/10/2023 7.60% 06/10/23 5.78% 90.28 85.34

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 8/27/21 – 9/3/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 EVERRE 7.5 6/28/2023 7.50% 06/28/23 -31.29% 25.83 37.59
2 TIANHL 11.5 10/24/2022 11.50% 10/24/22 -23.09% 26.93 35.01
3 ENDP 5.375 1/15/2023 5.38% 01/15/23 -21.43% 63.37 80.65
4 GZRFPR 11.625 9/3/2024 11.63% 09/03/24 -19.79% 58.99 73.55
5 FTHDGR 11.75 4/17/2022 11.75% 04/17/22 -18.35% 63.44 77.70
6 CENCHI 7.5 7/14/2025 7.50% 07/14/25 -11.82% 67.34 76.36
7 RISSUN 8.95 1/18/2022 8.95% 01/18/22 -11.36% 58.48 65.98
8 WAIR 9 11/15/2026 144A 9.00% 11/15/26 -8.78% 89.45 98.06
9 PBFENE 6 2/15/2028 6.00% 02/15/28 -7.68% 60.52 65.56
10 SPRPED 8 6/30/2027 8.00% 06/30/27 -5.66% 95.01 100.71

Avg Industry Price

Displays the HY Corp average industry price by sector between 8/27/21 – 9/3/21

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 8/27/21 – 9/3/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 8/27/21 vs. the week ending 9/3/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CURO 7.5 8/1/2028 144A 7.50% 08/01/28 137 216 79 58%
2 PIZEXP 6.75 7/15/2026 REGS 6.75% 07/15/26 89 148 59 66%
3 TITIM 6.375 11/15/2033 6.38% 11/15/33 162 201 39 24%
4 SYLVAM 7 9/1/2029 144A 7.00% 09/01/29 112 149 37 33%
5 AUTODI 0 7/20/2027 REGS 3.45% 07/20/27 40 76 36 90%
6 TITIM 7.721 6/4/2038 7.72% 06/04/38 156 188 32 21%
7 AVALCB 4.75 9/26/2022 4.75% 09/26/22 193 225 32 17%
8 S 7.875 9/15/2023 7.88% 09/15/23 258 289 31 12%
9 S 7.625 2/15/2025 7.63% 02/15/25 220 250 30 14%
10 NM 11.25 8/15/2022 REGS 11.25% 08/15/22 92 122 30 33%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 8/27/21 – 9/3/21

RANK TRANCHE COUPON MATURITY DEALERS
1 CHTR 5.75 2/15/2026 5.75% 02/15/26 41
2 AXL 6.25 4/1/2025 6.25% 04/01/25 41
3 SIRI 5.375 7/15/2026 5.38% 07/15/26 39
4 TEP 5.5 9/15/2024 5.50% 09/15/24 38
5 URI 5.875 9/15/2026 5.88% 09/15/26 38
6 CAR 5.25 3/15/2025 5.25% 03/15/25 37
7 MSCI 5.375 5/15/2027 144A 5.38% 05/15/27 36
8 F 2.7 8/10/2026 2.70% 08/10/26 35
9 BBDBCN 6 10/15/2022 6.00% 10/15/22 35
10 NRG 7.25 5/15/2026 7.25% 05/15/26 35

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 8/27/21 – 9/3/21

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 8/27/21 – 9/3/21

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