Syndicated Bank Loan Market Summary – Week Ending 8/28/20
CIBT HOLDINGS TL was the top Loan "loser" with a 10.8% price decrease to $62.16 over the past week as Covid-19 struggles continue to impact their business model.
CIBT HOLDINGS TL was the top Loan "loser" with a 10.8% price decrease to $62.16 over the past week as Covid-19 struggles continue to impact their business model.
There was peaked interest in DENTON ISD bonds as evidenced by an increase in weekly quote volume from 1 to 81 after having their first day of virtual learning last week.
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TEXAS WATER DEVELOPMENT BOARD appeared as a top Quote Volume Mover Muni Bond last week. There was a 394% increase in quote volume; market participants quoted the loan 173 times.
BOB’S FURNITURE TL B was the #1 Syndicated Loan winner last week increasing in price over 16% to $90.81 over the week as they announced reopening plans for their stores across the country.
California Muni bonds were heavily quoted last week. LOS ANGELES DEPT-B ranked as the #1 quoted bond (by 39 dealers) for the 2nd week in a row.
The leveraged loan market has continued to rally in August, with advancers outpacing decliners last week.
The Electric Utilities industry advanced the most during the week while Consumer Services declined the most during the course of last week.
MET TRANSPRTN-B was ranked as one of the top Muni Losers, while taking continuing hits from the impact of Covid-19 and lack of riders on public transportation.