Corporates

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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.

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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