Corporates

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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.

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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