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High Yield Corporate Bond Market Summary:
Week Ending 10/22/21

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 10/15/21 – 10/22/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 FTHDGR 9.875 10/19/2023 9.88% 10/19/23 36.41% 29.18 21.39
2 GRNLGR 6.125 4/22/2023 6.13% 04/22/23 33.20% 64.10 48.12
3 YUZHOU 6.35 1/13/2027 6.35% 01/13/27 25.12% 53.56 42.81
4 CENCHI 7.9 11/7/2023 7.90% 11/07/23 23.34% 53.12 43.07
5 ZHPRHK 7.1 9/10/2024 7.10% 09/10/24 21.75% 78.99 64.88
6 HPDLF 7 5/18/2024 7.00% 05/18/24 15.02% 94.21 81.91
7 EVERRE 8.25 3/23/2022 8.25% 03/23/22 14.33% 26.43 23.12
8 TLN 6 12/15/2036 6.00% 12/15/36 12.84% 48.37 42.86
9 GZRFPR 11.625 9/3/2024 11.63% 09/03/24 12.37% 57.76 51.40
10 HPDLF 6.8 12/28/2023 6.80% 12/28/23 11.30% 94.73 85.11

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 10/15/21 – 10/22/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 KAISAG 11.5 1/30/2023 11.50% 01/30/23 -22.17% 33.25 42.73
2 SUNSHI 8.25 11/25/2023 8.25% 11/25/23 -15.38% 35.44 41.88
3 MONTE 10.5 7/23/2029 10.50% 07/23/29 -11.77% 97.37 110.35
4 DSPORT 6.625 8/15/2027 144A 6.63% 08/15/27 -9.72% 31.90 35.34
5 CAPG 6.35 2/8/2024 6.35% 02/08/24 -9.17% 58.31 64.20
6 EVHC 8.75 10/15/2026 144A 8.75% 10/15/26 -7.62% 66.49 71.97
7 GHANA 0 4/7/2025 REGS 0.00% 04/07/25 -7.13% 69.30 74.62
8 PETBRA 5.5 6/10/2051 5.50% 06/10/51 -7.03% 87.11 93.70
9 AIRM 8 5/15/2025 8.00% 05/15/25 -6.71% 79.94 85.69
10 INTEL 9.75 7/15/2025 REGS 9.75% 07/15/25 -6.52% 50.81 54.36

Avg Industry Price

Displays the HY Corp average industry price by sector between 10/15/21 – 10/22/21

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 10/15/21 – 10/22/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 10/15/21 vs. the week ending 10/22/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 FTHDGR 14.5 6/25/2024 14.50% 06/25/24 68 246 178 262%
2 FTHDGR 7.375 10/4/2021 7.38% 10/04/21 243 312 69 28%
3 FTHDGR 11.75 4/17/2022 11.75% 04/17/22 243 309 66 27%
4 FTHDGR 15 12/18/2021 15.00% 12/18/21 254 316 62 24%
5 NWL 4 6/15/2022 4.00% 06/15/22 165 225 60 36%
6 FTHDGR 7.95 7/5/2022 7.95% 07/05/22 266 324 58 22%
7 FTHDGR 6.95 12/17/2021 6.95% 12/17/21 264 320 56 21%
8 MU 4.663 2/15/2030 4.66% 02/15/30 185 236 51 28%
9 SBAC 4.875 9/1/2024 4.88% 09/01/24 279 327 48 17%
10 LW 4.875 11/1/2026 4.88% 11/01/26 249 294 45 18%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 10/15/21 – 10/22/21

RANK TRANCHE COUPON MATURITY DEALERS
1 EVERRE 8.75 6/28/2025 8.75% 06/28/25 46
2 EVERRE 10.5 4/11/2024 10.50% 04/11/24 39
3 EVERRE 10 4/11/2023 10.00% 04/11/23 39
4 RRR 5 10/1/2025 144A 5.00% 10/01/25 38
5 BLL 5 3/15/2022 5.00% 03/15/22 38
6 X 6.25 3/15/2026 6.25% 03/15/26 38
7 EVERRE 9.5 3/29/2024 9.50% 03/29/24 38
8 SFRFP 7.375 5/1/2026 7.38% 05/01/26 38
9 CCL 11.5 4/1/2023 144A 11.50% 04/01/23 38
10 CGPHLC 5.25 10/15/2025 144A 5.25% 10/15/25 37

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 10/15/21 – 10/22/21

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 10/15/21 – 10/22/21

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