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High Yield Corporate Bond Market Summary:
Week Ending 9/17/21

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 9/10/21 – 9/17/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 INLOTG 5.25 9/15/2024 144A 5.25% 09/15/24 39.74% 86.50 61.90
2 GERLSP 8 10/4/2022 REGS 8.00% 10/04/22 14.53% 102.17 89.20
3 AMC 6.125 5/15/2027 6.13% 05/15/27 12.41% 73.35 65.26
4 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 8.24% 49.97 46.17
5 MOBYIT 7.75 2/15/2023 7.75% 02/15/23 8.09% 40.79 37.74
6 WAIR 8.5 11/15/2024 144A 8.50% 11/15/24 7.28% 91.16 84.97
7 NATCIN 5.75 8/15/2026 5.75% 08/15/26 6.67% 77.01 72.19
8 SHLFDI 8.25 2/15/2025 REGS 8.25% 02/15/25 5.23% 75.07 71.34
9 ARGENT 0.125 7/9/2030 0.13% 07/09/30 4.80% 39.11 37.32
10 GTE 7.75 5/23/2027 144A 7.75% 05/23/27 4.31% 86.92 83.33

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 9/10/21 – 9/17/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 FTHDGR 11.875 6/1/2023 11.88% 06/01/23 -17.73% 47.40 57.61
2 EVERRE 8.25 3/23/2022 8.25% 03/23/22 -16.41% 29.05 34.75
3 GZRFPR 9.125 7/28/2022 9.13% 07/28/22 -14.68% 64.87 76.04
4 RONXIN 8.1 6/9/2023 8.10% 06/09/23 -13.42% 77.75 89.79
5 SUNSHI 7.5 2/17/2025 7.50% 02/17/25 -12.75% 69.98 80.21
6 MONTE 8.5 9/10/2030 8.50% 09/10/30 -12.67% 82.93 94.96
7 SINHLD 10.5 6/18/2022 10.50% 06/18/22 -11.36% 67.91 76.62
8 KAISAG 11.7 11/11/2025 11.70% 11/11/25 -11.34% 78.66 88.71
9 CAPG 5.98 8/18/2025 5.98% 08/18/25 -8.98% 74.53 81.89
10 YUZHOU 7.375 1/13/2026 7.38% 01/13/26 -8.52% 70.34 76.89

Avg Industry Price

Displays the HY Corp average industry price by sector between 9/10/21 – 9/17/21

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 9/10/21 – 9/17/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/10/21 vs. the week ending 9/17/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 LABL 6.75 7/15/2026 144A 6.75% 07/15/26 40 144 104 260%
2 LABL 10.5 7/15/2027 144A 10.50% 07/15/27 41 143 102 249%
3 INTEL 7.75 6/1/2021 7.75% 06/01/21 66 165 99 150%
4 MORTON 6.625 5/1/2029 144A 6.63% 05/01/29 44 138 94 214%
5 MORTON 4.875 5/1/2028 144A 4.88% 05/01/28 52 131 79 152%
6 PGTI 6.75 8/1/2026 144A 6.75% 08/01/26 158 213 55 35%
7 GPS 8.625 5/15/2025 144A 8.63% 05/15/25 237 289 52 22%
8 GPS 8.375 5/15/2023 144A 8.38% 05/15/23 231 280 49 21%
9 M 3.875 1/15/2022 3.88% 01/15/22 205 253 48 23%
10 CHCOCH 5.125 6/30/2027 5.13% 06/30/27 182 226 44 24%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 9/10/21 – 9/17/21

RANK TRANCHE COUPON MATURITY DEALERS
1 AXL 6.25 4/1/2025 6.25% 04/01/25 41
2 SIRI 5.375 7/15/2026 5.38% 07/15/26 39
3 TEP 5.5 9/15/2024 5.50% 09/15/24 37
4 CHTR 5.75 2/15/2026 5.75% 02/15/26 37
5 EVERRE 8.75 6/28/2025 8.75% 06/28/25 36
6 CAR 5.25 3/15/2025 5.25% 03/15/25 35
7 AA 7 9/30/2026 7.00% 09/30/26 35
8 WYNNLV 5.25 5/15/2027 5.25% 05/15/27 35
9 WYNMAC 5.125 12/15/2029 REGS 5.13% 12/15/29 35
10 BBDBCN 6 10/15/2022 6.00% 10/15/22 34

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 9/10/21 – 9/17/21

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 9/10/21 – 9/17/21

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