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High Yield Corporate Bond Market Summary:
Week Ending 10/15/21

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 10/8/21 – 10/15/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 CENCHI 6.75 11/8/2021 6.75% 11/08/21 12.44% 90.09 80.13
2 TLN 6.5 6/1/2025 6.50% 06/01/25 9.47% 53.07 48.48
3 PBFENE 6 2/15/2028 6.00% 02/15/28 9.01% 70.99 65.13
4 MOBYIT 7.75 2/15/2023 7.75% 02/15/23 8.80% 56.39 51.83
5 JIAYUA 13.75 3/11/2022 13.75% 03/11/22 8.22% 98.46 90.98
6 NOGLN 7 2/16/2025 REGS 7.00% 02/16/25 7.78% 26.76 24.82
7 KWGPRO 5.2 9/21/2022 5.20% 09/21/22 7.49% 91.89 85.49
8 SUNAC 7.95 10/11/2023 7.95% 10/11/23 7.30% 74.42 69.36
9 MONTE 8.5 9/10/2030 8.50% 09/10/30 6.98% 91.03 85.09
10 YANGOG 11.75 9/8/2022 11.75% 09/08/22 6.88% 80.16 75.00

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/8/21 – 10/15/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 KAISAG 10.875 PERP 10.88% 12/31/99 -44.20% 37.86 67.84
2 RONXIN 8.95 1/22/2023 8.95% 01/22/23 -25.84% 48.27 65.09
3 REDSUN 9.5 9/20/2023 9.50% 09/20/23 -21.26% 64.87 82.40
4 CSCHCN 7.25 11/20/2022 7.25% 11/20/22 -18.89% 45.02 55.50
5 ZHPRHK 6.5 9/1/2022 6.50% 09/01/22 -18.82% 72.42 89.21
6 YUZHOU 9.95 6/8/2023 9.95% 06/08/23 -14.96% 53.32 62.70
7 REDPRO 11 8/6/2022 11.00% 08/06/22 -14.21% 74.85 87.25
8 AGGHOL 6.875 11/9/2025 6.88% 11/09/25 -14.09% 57.56 66.99
9 AGILE 7.75 PERP 7.75% 11/25/99 -12.50% 70.71 80.81
10 GRNLGR 6.75 4/21/2022 6.75% 04/21/22 -11.97% 61.42 69.78

Avg Industry Price

Displays the HY Corp average industry price by sector between 10/8/21 – 10/15/21

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 10/8/21 – 10/15/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/8/21 vs. the week ending 10/15/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SUN 4.5 5/15/2029 4.50% 05/15/29 114 254 140 123%
2 CNXMPF 4.75 4/15/2030 144A 4.75% 04/15/30 176 234 58 33%
3 FTHDGR 14.5 6/25/2024 14.50% 06/25/24 11 68 57 518%
4 FTHDGR 10.875 1/9/2023 10.88% 01/09/23 257 311 54 21%
5 FTHDGR 12.25 10/18/2022 12.25% 10/18/22 252 306 54 21%
6 ATHCN 9.875 2/24/2022 9.88% 02/24/22 207 252 45 22%
7 FTHDGR 11.875 6/1/2023 11.88% 06/01/23 249 294 45 18%
8 FTHDGR 10.875 3/2/2024 10.88% 03/02/24 257 301 44 17%
9 SBAC 4.875 9/1/2024 4.88% 09/01/24 235 279 44 19%
10 ADLERR 1.875 4/27/2023 1.88% 04/27/23 231 273 42 18%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 10/8/21 – 10/15/21

RANK TRANCHE COUPON MATURITY DEALERS
1 EVERRE 8.75 6/28/2025 8.75% 06/28/25 48
2 COIN 3.625 10/1/2031 144A 3.63% 10/01/31 40
3 ACI 5.75 3/15/2025 5.75% 03/15/25 39
4 UNIT 7.125 12/15/2024 7.13% 12/15/24 39
5 BLL 5 3/15/2022 5.00% 03/15/22 39
6 CGPHLC 5.25 10/15/2025 144A 5.25% 10/15/25 38
7 X 6.25 3/15/2026 6.25% 03/15/26 38
8 CCL 11.5 4/1/2023 144A 11.50% 04/01/23 38
9 RRR 5 10/1/2025 144A 5.00% 10/01/25 38
10 SFRFP 7.375 5/1/2026 7.38% 05/01/26 38

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 10/8/21 – 10/15/21

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 10/8/21 – 10/15/21

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