GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

High Yield Corporate Bond Market Summary:
Week Ending 10/8/21

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

Quick Links

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 10/1/21 – 10/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SVKING 7.875 10/1/2022 7.88% 10/01/22 20.88% 99.56 82.37
2 AERMEX 7 2/5/2025 REGS 7.00% 02/05/25 11.57% 87.75 78.65
3 ODEBRE 7.72 12/1/2026 REGS 7.72% 12/01/26 10.00% 25.61 23.28
4 GEO 6 4/15/2026 6.00% 04/15/26 5.72% 83.38 78.86
5 BAHAMA 6 11/21/2028 REGS 6.00% 11/21/28 5.42% 91.03 86.34
6 MONTE 8 1/22/2030 8.00% 01/22/30 4.59% 83.69 80.01
7 ELSALV 9.5 7/15/2052 REGS 9.50% 07/15/52 4.40% 80.79 77.39
8 RIG 6.8 3/15/2038 6.80% 03/15/38 4.19% 60.96 58.51
9 PERLNG 5.375 3/22/2030 REGS 5.38% 03/22/30 4.00% 83.96 80.74
10 SRILAN 5.875 7/25/2022 5.88% 07/25/22 3.91% 76.59 73.71

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/1/21 – 10/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 KAISAG 11.25 4/16/2025 11.25% 04/16/25 -35.23% 50.06 77.29
2 RONXIN 7.35 12/15/2023 7.35% 12/15/23 -32.68% 49.77 73.92
3 CENCHI 7.65 8/27/2023 7.65% 08/27/23 -29.73% 44.95 63.97
4 SUNSHI 9.25 4/15/2023 9.25% 04/15/23 -28.19% 58.52 81.49
5 YUZHOU 7.85 8/12/2026 7.85% 08/12/26 -26.17% 49.21 66.66
6 GRNLGR 6.75 3/3/2024 6.75% 03/03/24 -24.54% 45.75 60.62
7 CAPG 5.375 9/13/2022 5.38% 09/13/22 -21.89% 70.18 89.85
8 CSCHCN 10.75 4/11/2023 10.75% 04/11/23 -17.82% 48.92 59.53
9 REDSUN 10.5 10/3/2022 10.50% 10/03/22 -17.81% 75.87 92.31
10 SUNAC 7.95 10/11/2023 7.95% 10/11/23 -17.15% 69.36 83.72

Avg Industry Price

Displays the HY Corp average industry price by sector between 10/1/21 – 10/8/21

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 10/1/21 – 10/8/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/1/21 vs. the week ending 10/8/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 LXU 6.25 10/15/2028 144A 6.25% 10/15/28 60 215 155 258%
2 SERBIA 1 9/23/2028 REGS 1.00% 09/23/28 30 170 140 467%
3 OGN 4.125 4/30/2028 REGS 4.13% 04/30/28 39 174 135 346%
4 CNXMPF 4.75 4/15/2030 144A 4.75% 04/15/30 45 176 131 291%
5 OGN 5.125 4/30/2031 REGS 5.13% 04/30/31 40 170 130 325%
6 CROX 4.125 8/15/2031 144A 4.13% 08/15/31 77 198 121 157%
7 COIN 3.625 10/31/2031 REGS 3.63% 10/31/31 188 282 94 50%
8 SWCH 4.125 6/15/2029 144A 4.13% 06/15/29 73 167 94 129%
9 XHR 4.875 6/1/2029 144A 4.88% 06/01/29 87 175 88 101%
10 SUN 4.5 5/15/2029 4.50% 05/15/29 37 114 77 208%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 10/1/21 – 10/8/21

RANK TRANCHE COUPON MATURITY DEALERS
1 EVERRE 8.75 6/28/2025 8.75% 06/28/25 46
2 EVERRE 8.25 3/23/2022 8.25% 03/23/22 43
3 EVERRE 9.5 4/11/2022 9.50% 04/11/22 42
4 EVERRE 10 4/11/2023 10.00% 04/11/23 42
5 EVERRE 12 1/22/2024 12.00% 01/22/24 41
6 EVERRE 11.5 1/22/2023 11.50% 01/22/23 41
7 EVERRE 9.5 3/29/2024 9.50% 03/29/24 41
8 EVERRE 7.5 6/28/2023 7.50% 06/28/23 41
9 BLL 5 3/15/2022 5.00% 03/15/22 40
10 EVERRE 10.5 4/11/2024 10.50% 04/11/24 40

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 10/1/21 – 10/8/21

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 10/1/21 – 10/8/21

Stay up-to-date with weekly summaries.

Read the latest from our team

Evergrande Bond Prices Falling Since May
Read More >

Reorg and Solve Advisors Announce Integration Partnership
Read More >

See more market insights and news from Solve in our Market Pulse.

SEE MORE