Municipal Bond Market Summary – Week Ending 7/17/20
The state of South Carolina ranked as last week's top state Muni Bond "winner" based on the change in 10yr yields from 1.77% to 1.37%.
The state of South Carolina ranked as last week's top state Muni Bond "winner" based on the change in 10yr yields from 1.77% to 1.37%.
CIRQUE DE SOLEIL TL B was last week's top loan price "Winner" after rising 22.5% to $48.00 after a purchase offer by creditors set a bid floor for the upcoming auction next month
NEW YORK CITY NY MUNI was ranked as the #1 Most Quoted Muni Bond last week, being quoted by 42 banks/dealers.
THYSSENKRUPP AG EUR TL B was ranked as the top Quote Volume Movers and one of the most quoted loans, with an increase of 208% in quote volume and being quoted by 16 dealers
MCDERMOTT exited bankruptcy last week. The company's TL B ranked as the #1 loan "loser" ($35.19) and also as a top Quote Volume Mover.
#HAWAII Airport Bonds experienced a surge in interest last week with a 475% increase in quote volume.
Consumer Transportation rallied 9.3% in June, outpacing the average loan increase of 2.3%, driven by airline price advances.