Corporates
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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.
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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