latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/high-yield-bond-news/us-high-yield-bond-prices-rise-trading-mart-thanks-nrg-energy content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

US High Yield Bond Prices Rise in Trading Mart thanks to NRG Energy

Churchill Downs announces $400M of eight-year notes for debt refi

Judge dismisses Marble Ridge claims over Neiman's MyTheresa transfer

Affinion receives consents for recap, covenant elimination

Revlon delays annual 10-K, details liquidity, ERP-related losses

US High Yield Bond Prices Rise in Trading Mart thanks to NRG Energy

The average bid of LCD’s flow-name high-yield bonds gained 45 bps in today’s reading, to 99.20% of par, yielding 7.10%, from 98.75%, yielding 7.22%, on Dec. 8. Within the 15-bond sample, there were nine gainers, three decliners, and three unchanged issues.

Today’s reading represents the highest level for the average bid since Oct. 27. While the majority of the sample was in the green, NRG Energy 6.625% notes due 2027, buoyed by recent bullish market sentiment toward commodities, saw the largest increase, surging 1.75 points, to 95.5. The other big gainers were Chrysler Group 5.25% notes due 2023, which rose 1.50 points, to 102, and Altice 7.25% notes due 2022, which advanced a full point, to 106.75.

Declines were relatively modest among the constituents. Scientific Games 10% notes due 2022 shed half of a point, to 96.75, while  PetSmart 7.125% notes due 2023 lost a quarter of a point, to 102.75, and Dollar Tree 5.75% notes due 2023 fell a quarter of a point as well, to 106.75.

On Dec. 1, the sample was updated to include the PetSmart bonds after Constellation Brands 4.25% notes due 2023 were removed from the sample following the company’s upgrade to investment-grade status.

With the change to the sample, no evaluation of trailing two-week and four-week data will be presented.

The average yield to worst slipped 12 bps, to 7.10%, and the average option-adjusted spread retracted 20 bps, to T+498.

The average yield remains wider when compared to high-yield’s broader market averages, while the spread is tighter. The S&P Dow Jones U.S. Issued High Yield Corporate Bond Index closed on Dec. 12 with a yield to worst of 5.93% and an option-adjusted spread to worst of T+544. – Staff reports\

Try LCD for Free! News, analysis, data

Follow LCD News on Twitter.

This story first appeared on, an offering of S&P Global Market Intelligence. LCD’s subscription site offers complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD here.