High Yield Corporate Bond Market Summary – Week Ending 10/23/20
CIT 5.8 PERP ranked as the top HY Corporate Bond 'Winner' with a $98.97 bid price after being bid at $80.57 the week prior.
Investment Grade Corporate Bond Market Summary – Week Ending 10/23/20
Commerzbank 6.5 PERP was the top IG Bond 'Quote Volume Mover' last week. It was quoted 205 times compared to 84 times a week prior.
Municipal Bond Market Summary – Week Ending 10/23/20
NYC IDA YANKEE STADIUM was one of the Muni Bond top 'Losers' last week ($ 59.53) as the franchise continues to get impacted by coronavirus
Syndicated Bank Loan Market Summary – Week Ending 10/23/20
AMERICAN AIRLINES TL B was one of the top Bank Loans 'Winners' last week ($75.99), but still continues to experience a slower rebound due to the lack of travel during the pandemic.
High Yield Corporate Bond Market Summary – Week Ending 10/16/20
The average price of HY bonds decreased 0.43% last week, with the Electricity Energy industry leading in price appreciation up 1.18%. Business Services had the worst industry performance with 2.09% price declines.
Investment Grade Corporate Bond Market Summary – Week Ending 10/16/20
Metals Mining was the worst-performing industry in the IG Corporate market last week as 5yr yields increased 134bps to 6.6% from 5.3%.
Municipal Bond Market Summary – Week Ending 10/16/20
TEXAS ST WTR DEV BRD ranked in 2 of the top 10 most quoted Muni Bond spots last week (quoted by 26-28 dealers), after expanding it's role in financing Texas flooding migration plans.
Syndicated Bank Loan Market Summary – Week Ending 10/16/20
While overall the loan market performance last week was flat (up 0.02%), Media: Diversified & Production was the top-performing loan sector increasing 1.83%, while Energy: Oil & Gas was the worst performer with price declines of 1.13%.
Municipal Bond Market Summary – Week Ending 10/9/20
The state of Nevada was the top state 'Winner' last week (1.57%) with a -34 bps change in yield compared to the week prior (1.91%).
High Yield Corporate Bond Market Summary – Week Ending 10/9/20
High Yield Corporate Bond Sentiment Advancers outpaced Decliners each day last week as HY bonds rallied.
