|Key Gainers and Losers||Volume Leaders|
|Frontier Communications Corp. 11% 9/15/2025
Teva Pharmaceutical Industries LTD 2.8% 7/21/2023
Western Digital Corp. 4.75% 2/15/2026
Petrobras Global Finance BV 7.375% 1/17/2027
|Industry Returns Tracker|
|New Issues||Forward Calendar|
1. NCR Corp. (USD) 5.75% 9/1/2027 Reg S (08/08/2019): 500MM Senior Unsecured Notes, Price at Issuance 100, Yielding 5.75%.
2. NCR Corp. (USD) 6.125% 9/1/2029 144A (08/08/2019): 500MM Senior Unsecured Notes, Price at Issuance 100, Yielding 6.13%.
1. Sinclair Broadcast Group Inc.: $2.55B, seven-year senior secured notes; $2.325B eight year senior unsecured notes
iHeartCommunications Inc.. The most recent data showed money flowed out of high-yield ETFs/mutual funds for the week ended 8/2/19, with a net outflow of $115 MM, $1.3 billion outflow the prior week.
|Top Widening Credit Default Swaps (CDS)||Top Narrowing Credit Default Swaps (CDS)|
|Rite Aid Corp. (5Y Sen USD MR14)
Weatherford International LTD (5Y Sen USD MR14)
Hertz Corp. (5Y Sen USD CR14)
|Ghana, Republic of (5Y Sen USD CR14)
Road King Infrastructure LTD (5Y Sen USD CR14)
SuperValu Inc. (5Y Sen USD MR14)
Loans and Credit Market Overview
Deals recently freed for secondary trading, notable secondary activity:
- Duerre Group, Albertsons LLC, Helical PLC, London Stock Exchange Group PLC
- TED spread held below 17 bp (basis points), as of 08/08/19
- Net positive capital flows into high-yield ETFs & mutual funds
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