Corporates
GET OUR CORPORATE MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
High Yield Corporate Bond Market Summary:
Week Ending 12/31/21
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 12/23/21 – 12/31/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | SHIMAO 6.125 2/21/2024 | 6.13% | 02/21/24 | 9.34% | 64.02 | 58.55 |
| 2 | SRILAN 5.875 7/25/2022 | 5.88% | 07/25/22 | 7.09% | 69.78 | 65.16 |
| 3 | JIAYUA 12.5 4/8/2023 | 12.50% | 04/08/23 | 6.69% | 53.92 | 50.54 |
| 4 | REV 6.25 8/1/2024 | 6.25% | 08/01/24 | 5.96% | 42.72 | 40.32 |
| 5 | HBCY 10 PERP | 10.00% | 10/29/49 | 5.71% | 65.00 | 61.49 |
| 6 | LNC 0 5/17/2066 | 2.57% | 05/17/66 | 5.47% | 88.51 | 83.92 |
| 7 | DSPORT 6.625 8/15/2027 144A | 6.63% | 08/15/27 | 5.21% | 27.74 | 26.37 |
| 8 | ARGBON 2 1/9/2038 | 2.00% | 01/09/38 | 4.99% | 35.69 | 33.99 |
| 9 | ARGTES 16 10/17/2023 | 16.00% | 10/17/23 | 4.28% | 66.80 | 64.05 |
| 10 | RIG 7.35 12/15/2041 | 7.35% | 12/15/41 | 3.69% | 60.21 | 58.07 |
Top 10 Losers
Showcases the top 10 HY Corp “losers” based on the largest bid price decreases between 12/23/21 – 12/31/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | YUZHOU 6.35 1/13/2027 | 6.35% | 01/13/27 | -8.65% | 27.63 | 30.24 |
| 2 | SUNSHI 5.3 1/11/2022 | 5.30% | 01/11/22 | -8.61% | 27.41 | 30.00 |
| 3 | TLN 10.5 1/15/2026 144A | 10.50% | 01/15/26 | -7.03% | 42.49 | 45.70 |
| 4 | GZRFPR 5.75 1/13/2022 | 5.75% | 01/13/22 | -6.33% | 65.34 | 69.76 |
| 5 | FOUIHK 8.45 7/14/2020 | 8.45% | 07/14/20 | -5.30% | 39.92 | 42.16 |
| 6 | SUNAC 7 7/9/2025 | 7.00% | 07/09/25 | -4.95% | 62.94 | 66.21 |
| 7 | REDSUN 7.3 1/13/2025 | 7.30% | 01/13/25 | -4.92% | 41.94 | 44.11 |
| 8 | SUNAC 7.95 10/11/2023 | 7.95% | 10/11/23 | -4.79% | 64.24 | 67.47 |
| 9 | REDPRO 11 8/6/2022 | 11.00% | 08/06/22 | -4.77% | 47.60 | 49.99 |
| 10 | RISSUN 8.95 1/18/2022 | 8.95% | 01/18/22 | -4.74% | 34.66 | 36.39 |
Avg Industry Price
Displays the HY Corp average industry price by sector between 12/23/21 – 12/31/21
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 12/23/21 – 12/31/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the HY Corps with the largest increase in quote volume for the week ending 12/23/21 vs. the week ending 12/31/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | SWN 4.1 3/15/2022 | 4.10% | 03/15/22 | 164 | 204 | 40 | 24% |
| 2 | STX 4.25 3/1/2022 | 4.25% | 03/01/22 | 144 | 177 | 33 | 23% |
| 3 | RAILBZ 5.875 1/18/2025 144A | 5.88% | 01/18/25 | 21 | 52 | 31 | 148% |
| 4 | LSEAGN 10.75 10/21/2022 | 10.75% | 10/21/22 | 54 | 79 | 25 | 46% |
| 5 | CARS 6.375 11/1/2028 144A | 6.38% | 11/01/28 | 167 | 190 | 23 | 14% |
| 6 | GE 0 PERP | 3.45% | 12/29/49 | 139 | 162 | 23 | 17% |
| 7 | FE 4.25 3/15/2023 | 4.25% | 03/15/23 | 137 | 160 | 23 | 17% |
| 8 | RAILBZ 5.875 1/18/2025 REGS | 5.88% | 01/18/25 | 183 | 205 | 22 | 12% |
| 9 | HXN 7.875 7/15/2027 144A | 7.88% | 07/15/27 | 172 | 192 | 20 | 12% |
| 10 | OLN 5.5 8/15/2022 | 5.50% | 08/15/22 | 185 | 205 | 20 | 11% |
Most Quoted HY Corps
Ranks the HY Corps that were quoted by the highest number of dealers between 12/23/21 – 12/31/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CHTR 4.25 2/1/2031 144A | 4.25% | 02/01/31 | 36 |
| 2 | DISH 5.125 6/1/2029 | 5.13% | 06/01/29 | 36 |
| 3 | CHTR 5.125 5/1/2027 | 5.13% | 05/01/27 | 36 |
| 4 | SUNAC 7.25 6/14/2022 | 7.25% | 06/14/22 | 36 |
| 5 | DISH 5.875 11/15/2024 | 5.88% | 11/15/24 | 35 |
| 6 | EVERRE 8.75 6/28/2025 | 8.75% | 06/28/25 | 35 |
| 7 | BHCCN 7.25 5/30/2029 144A | 7.25% | 05/30/29 | 35 |
| 8 | KAISAG 9.375 6/30/2024 | 9.38% | 06/30/24 | 35 |
| 9 | TMUS 2.7 3/15/2032 144A | 2.70% | 03/15/32 | 34 |
| 10 | KAISA 8.65 7/22/2022 | 8.65% | 07/22/22 | 34 |
Bid-Offer Spread by Industry
Displays the HY Corp average bid-offer spread by industry between 12/23/21 – 12/31/21
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 12/23/21 – 12/31/21
Stay up-to-date with weekly summaries.
