Municipal Bond Market Summary – Week Ending 3/12/21
The state of Maryland was the top state 'Winner' with a 10yr yield of 1.21% compared to 1.50% the prior week.
The state of Maryland was the top state 'Winner' with a 10yr yield of 1.21% compared to 1.50% the prior week.
LUMILEDS TL B declined 6.4% to $69.96 over the past week to land on our top Loan Losers list, while also quoted by 18 banks and dealers last week as the most widely quoted loan.
SHELF DRILLING INTERNATIONAL HOLDINGS was the top HY Bond Winner last week with a price increase of 14.9% to $72.51 as the rally in oil continues to improve the outlook for drilling services.
Apple holds the top two spots on the Most Quoted Investment Grade Corporate Bond list last week, being quoted for 37+ dealers.
MICHIGAN ST FIN AUTH 3.08% 2034 was ranked as the top Muni Bond 'Loser' having decreased 6.0% to 105.00.
TELENET EUR TL continues to hold the top Most Quoted Loan position with 19+ dealers quoting this loan since mid-January.
Solve Data in Methodical March 2021 Commentary
AMC 5.75 6/15/2025 was last week's High Yield bond 'Winner' increasing 28.9% to $58.38 as the company announced it was reopening theaters in NY after the state lifted its ban.
Consumer Services and Metals & Mining led Investment Grade Industry winners last week as reopening enthusiasm and the inflation trade led to price advances.
The state of Louisiana was the largest state winner last week as 10yr yields decreased 7bps to 1.79%, bucking the overall trend of rising yields for all other states over the past week