Corporates

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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.

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

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