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High Yield Corporate Bond Market Summary:
Week Ending 9/24/21

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 9/17/21 – 9/24/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 GZRFPR 11.75 8/2/2023 11.75% 08/02/23 28.34% 72.31 56.34
2 MOBYIT 7.75 2/15/2023 7.75% 02/15/23 10.56% 45.10 40.79
3 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 10.10% 55.02 49.97
4 PBFENE 7.25 6/15/2025 7.25% 06/15/25 7.64% 67.10 62.34
5 VTG 9.25 11/15/2023 144A 9.25% 11/15/23 4.84% 90.17 86.01
6 CHFOTN 7.125 4/8/2022 7.13% 04/08/22 4.77% 36.68 35.01
7 SMLP 9.5 PERP 9.50% 11/14/99 4.76% 85.01 81.14
8 D 6.25 7/1/2036 6.25% 07/01/36 3.77% 139.64 134.57
9 HMPT 5 2/1/2026 144A 5.00% 02/01/26 3.74% 92.15 88.83
10 OHLSM 6.6 3/31/2026 REGS 6.60% 03/31/26 3.58% 91.10 87.96

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 9/17/21 – 9/24/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 FTHDGR 11.875 6/1/2023 11.88% 06/01/23 -22.99% 36.50 47.40
2 YPFDAR 16.5 5/9/2022 16.50% 05/09/22 -11.73% 64.00 72.50
3 SVKING 7.875 10/1/2022 7.88% 10/01/22 -11.25% 83.15 93.69
4 GRNLGR 6.75 9/26/2023 6.75% 09/26/23 -8.80% 69.80 76.54
5 ARGENT 0.125 7/9/2035 0.13% 07/09/35 -8.45% 32.63 35.65
6 MNK 5.75 8/1/2022 5.75% 08/01/22 -7.72% 57.66 62.48
7 MOLAND 11.95 3/4/2024 11.95% 03/04/24 -6.79% 74.14 79.54
8 AGGHOL 6.875 11/9/2025 6.88% 11/09/25 -6.66% 86.15 92.29
9 CENCHI 6.875 8/8/2022 6.88% 08/08/22 -5.89% 75.11 79.81
10 ARGBON 0.125 7/9/2041 3.72% 07/09/41 -5.52% 35.67 37.75

Avg Industry Price

Displays the HY Corp average industry price by sector between 9/17/21 – 9/24/21

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 9/17/21 – 9/24/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/17/21 vs. the week ending 9/24/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ECUA 1 7/31/2035 REGS 1.00% 07/31/35 60 162 102 170%
2 SUZANO 2.5 9/15/2028 2.50% 09/15/28 157 241 84 54%
3 CNXMPF 6.5 3/15/2026 144A 6.50% 03/15/26 159 225 66 42%
4 VVNT 6.75 2/15/2027 144A 6.75% 02/15/27 158 213 55 35%
5 VVNT 5.75 7/15/2029 144A 5.75% 07/15/29 164 218 54 33%
6 MORTON 4.875 5/1/2028 144A 4.88% 05/01/28 131 181 50 38%
7 FTHDGR 6.95 12/17/2021 6.95% 12/17/21 208 256 48 23%
8 EVERRE 9.5 4/11/2022 9.50% 04/11/22 337 384 47 14%
9 FTHDGR 7.95 7/5/2022 7.95% 07/05/22 205 252 47 23%
10 FTHDGR 11.75 4/17/2022 11.75% 04/17/22 200 246 46 23%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 9/17/21 – 9/24/21

RANK TRANCHE COUPON MATURITY DEALERS
1 EVERRE 8.75 6/28/2025 8.75% 06/28/25 42
2 EVERRE 9.5 4/11/2022 9.50% 04/11/22 41
3 EVERRE 10 4/11/2023 10.00% 04/11/23 40
4 AXL 6.25 4/1/2025 6.25% 04/01/25 40
5 EVERRE 8.25 3/23/2022 8.25% 03/23/22 40
6 EVERRE 11.5 1/22/2023 11.50% 01/22/23 39
7 EVERRE 7.5 6/28/2023 7.50% 06/28/23 39
8 EVERRE 9.5 3/29/2024 9.50% 03/29/24 39
9 EVERRE 10.5 4/11/2024 10.50% 04/11/24 38
10 EVERRE 12 1/22/2024 12.00% 01/22/24 38

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 9/17/21 – 9/24/21

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 9/17/21 – 9/24/21

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