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High Yield Corporate Bond Market Summary:
Week Ending 10/1/21

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 9/24/21 – 10/1/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 DB 3 2/23/2035 3.00% 02/23/35 21.61% 84.31 69.33
2 FTHDGR 15 12/18/2021 15.00% 12/18/21 19.51% 67.56 56.53
3 CHFOTN 9 7/31/2021 9.00% 07/31/21 18.44% 42.08 35.53
4 MOBYIT 7.75 2/15/2023 7.75% 02/15/23 16.35% 52.47 45.10
5 ENDP 6 2/1/2025 6.00% 02/01/25 10.17% 72.42 65.74
6 NATCIN 5.75 8/15/2026 5.75% 08/15/26 7.38% 82.27 76.62
7 SRILAN 5.75 1/18/2022 5.75% 01/18/22 7.23% 90.15 84.07
8 EXLINT 10 7/15/2023 144A 10.00% 07/15/23 5.38% 78.36 74.35
9 ZION 5.8 PERP 4.87% 12/29/49 5.27% 109.28 103.81
10 RIG 7.25 11/1/2025 144A 7.25% 11/01/25 4.42% 83.05 79.54

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 9/24/21 – 10/1/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 FTHDGR 11.75 4/17/2022 11.75% 04/17/22 -28.80% 39.49 55.46
2 SUNSHI 5.3 1/11/2022 5.30% 01/11/22 -13.18% 82.44 94.96
3 MNK 5.5 4/15/2025 5.50% 04/15/25 -12.74% 50.97 58.41
4 GRNLGR 6.75 9/26/2023 6.75% 09/26/23 -12.25% 61.26 69.80
5 EVERRE 8.25 3/23/2022 8.25% 03/23/22 -10.88% 25.76 28.90
6 BAHAMA 6.95 11/20/2029 6.95% 11/20/29 -10.39% 89.79 100.19
7 AGGHOL 6.875 11/9/2025 6.88% 11/09/25 -10.06% 77.48 86.15
8 RONXIN 8.95 1/22/2023 8.95% 01/22/23 -9.23% 73.84 81.35
9 BBBY 5.165 8/1/2044 5.17% 08/01/44 -8.58% 85.77 93.82
10 CSCHCN 7.25 11/20/2022 7.25% 11/20/22 -8.52% 64.16 70.13

Avg Industry Price

Displays the HY Corp average industry price by sector between 9/24/21 – 10/1/21

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 9/24/21 – 10/1/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 9/24/21 vs. the week ending 10/1/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 STANLN 0  PERP 0.41% 11/29/49 16 104 88 550%
2 CLVTSC 3.875 6/30/2028 144A 3.88% 06/30/28 33 93 60 182%
3 CLNXSM 1 9/15/2027 1.00% 09/15/27 115 172 57 50%
4 STX 4.091 6/1/2029 4.09% 06/01/29 55 111 56 102%
5 SFRFP 7.375 5/1/2026 7.38% 05/01/26 272 326 54 20%
6 WNC 5.5 10/1/2025 144A 5.50% 10/01/25 133 185 52 39%
7 LBCTNK 6.875 5/15/2023 6.88% 05/15/23 78 128 50 64%
8 ECUA 1 7/31/2035 REGS 1.00% 07/31/35 162 210 48 30%
9 CHTR 5.05 3/30/2029 5.05% 03/30/29 172 218 46 27%
10 EVERRE 10 4/11/2023 10.00% 04/11/23 358 402 44 12%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 9/24/21 – 10/1/21

RANK TRANCHE COUPON MATURITY DEALERS
1 EVERRE 8.25 3/23/2022 8.25% 03/23/22 42
2 EVERRE 8.75 6/28/2025 8.75% 06/28/25 42
3 EVERRE 9.5 4/11/2022 9.50% 04/11/22 41
4 EVERRE 10 4/11/2023 10.00% 04/11/23 40
5 EVERRE 7.5 6/28/2023 7.50% 06/28/23 40
6 EVERRE 9.5 3/29/2024 9.50% 03/29/24 40
7 EVERRE 11.5 1/22/2023 11.50% 01/22/23 40
8 EVERRE 12 1/22/2024 12.00% 01/22/24 40
9 SFRFP 7.375 5/1/2026 7.38% 05/01/26 39
10 COIN 3.625 10/1/2031 144A 3.63% 10/01/31 39

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between v

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 9/24/21 – 10/1/21

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