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High Yield Corporate Bond Market Summary:
Week Ending 11/19/21

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 11/12/21 – 11/19/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 KAISAG 11.65 6/1/2026 11.65% 06/01/26 34.65% 38.87 28.87
2 SUNSHI 8.25 11/25/2023 8.25% 11/25/23 34.59% 31.14 23.14
3 RONXIN 10.5 3/1/2022 10.50% 03/01/22 33.84% 68.83 51.43
4 ZHPRHK 8.35 3/10/2024 8.35% 03/10/24 26.87% 68.50 53.99
5 CENCHI 7.25 4/24/2023 7.25% 04/24/23 20.29% 67.42 56.05
6 GRNLGR 6.125 4/22/2023 6.13% 04/22/23 19.96% 79.32 66.12
7 GZRFPR 8.625 2/27/2024 8.63% 02/27/24 17.97% 55.23 46.82
8 ZHLGHD 8.5 5/19/2022 8.50% 05/19/22 16.36% 70.07 60.21
9 AGILE 7.75 PERP 7.75% 11/25/99 13.75% 64.61 56.80
10 CHINSC 7 5/2/2025 7.00% 05/02/25 10.17% 82.88 75.23

Top 10 Losers

Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 11/12/21 – 11/19/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 YUZHOU 8.5 2/4/2023 8.50% 02/04/23 -21.59% 45.39 57.89
2 TPCG 10.5 8/1/2024 144A 10.50% 08/01/24 -19.99% 68.18 85.22
3 RISSUN 8.95 1/18/2022 8.95% 01/18/22 -18.36% 41.64 51.00
4 DSPORT 5.375 8/15/2026 144A 5.38% 08/15/26 -16.98% 46.86 56.45
5 LVGEM 12 3/10/2023 12.00% 03/10/23 -15.98% 71.06 84.57
6 CAPG 5.88 3/1/2027 5.88% 03/01/27 -15.85% 30.11 35.78
7 MTROLN 5.5 6/26/2028 5.50% 06/26/28 -10.42% 66.86 74.64
8 TLN 10.5 1/15/2026 144A 10.50% 01/15/26 -8.94% 63.50 69.74
9 FTHDGR 14.5 6/25/2024 14.50% 06/25/24 -8.18% 27.21 29.64
10 RIG 7.5 1/15/2026 144A 7.50% 01/15/26 -7.16% 73.12 78.76

Avg Industry Price

Displays the HY Corp average industry price by sector between 11/12/21 – 11/19/21

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 11/12/21 – 11/19/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 11/12/21 vs. the week ending 11/19/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 GRNLGR 5.75 9/26/2022 5.75% 09/26/22 14 127 113 807%
2 OI 4.75 2/15/2030 REGS 4.75% 02/15/30 92 200 108 117%
3 BBWI 6.625 10/1/2030 144A 6.63% 10/01/30 65 172 107 165%
4 BBWI 7.5 6/15/2029 7.50% 06/15/29 74 178 104 141%
5 BBWI 5.25 2/1/2028 5.25% 02/01/28 60 163 103 172%
6 BBWI 6.75 7/1/2036 6.75% 07/01/36 64 167 103 161%
7 LB 7.6 7/15/2037 7.60% 07/15/37 45 142 97 216%
8 BBWI 6.694 1/15/2027 6.69% 01/15/27 23 118 95 413%
9 BBWI 6.95 3/1/2033 6.95% 03/01/33 76 159 83 109%
10 LB 6.875 11/1/2035 6.88% 11/01/35 93 173 80 86%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 11/12/21 – 11/19/21

RANK TRANCHE COUPON MATURITY DEALERS
1 F 3.25 2/12/2032 3.25% 02/12/32 39
2 EVERRE 10 4/11/2023 10.00% 04/11/23 36
3 EVERRE 9.5 3/29/2024 9.50% 03/29/24 35
4 OTCCN 5.875 6/1/2026 5.88% 06/01/26 35
5 KAISAG 9.375 6/30/2024 9.38% 06/30/24 35
6 KAISAG 6.5 12/7/2021 6.50% 12/07/21 35
7 EVERRE 7.5 6/28/2023 7.50% 06/28/23 35
8 FCX 3.55 3/1/2022 3.55% 03/01/22 35
9 GNW 4.9 8/15/2023 4.90% 08/15/23 35
10 F 9 4/22/2025 9.00% 04/22/25 34

Bid-Offer Spread by Industry

Displays the HY Corp average bid-offer spread by industry between 11/12/21 – 11/19/21

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 11/12/21 – 11/19/21

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