Syndicated Bank Loan Market Summary – Week Ending 5/14/21
HOTELBEDS TLs were both on the Bank Loan 'Winner' list last week, as the company appointed a new CEO and as travel restrictions continue to loosen.
HOTELBEDS TLs were both on the Bank Loan 'Winner' list last week, as the company appointed a new CEO and as travel restrictions continue to loosen.
CSCHLD 5.5 5/15/2026 144A ranked as one of the top Quote Volume Movers and Most Quoted HY Corp (35 dealers) for the first week of May. Quote volume also led to increased trade volume over the week as reported by Trace.
HRINTH 5.5 1/16/2025 was the Most Quoted IG Corp last week, being quoted by 38 dealers.
MCDERMOTT EXIT TL has been the top Bank Loan 'Loser' since mid-April, having fallen an additional 23% over the past week to $42.34.
Muni Bond Sentiment was negative again last week as decliners outpaced advancers 2.4:1. That said, Friday sentiment of 1:1 provides some optimism as trends reversed.
Sovereign & Public Finance was the top Investment Grade Corp industry 'Loser' for the last week in April as 5 yr yields rose 49 bps.
Real Estate was the High Yield Corporate industry with the highest increase in average industry price (+1.1%) over the past week as reopening excitement continues to buoy the sector.
INDRA HOLDINGS TL B was the Loans top 'Winner' for the last week of April increasing 22% to 75 as the company continues in its restructuring efforts.
Electricity company CALPINE CORP witnessed increased interest in its loans over the past month as three Calpine loans placed on our Top 10 Quote Volume Movers list for April.
DASNY - State of NY Personal Income Tax Bonds - were heavily quoted last week by 34+ dealers, topping our list of Most Quoted Municipal Bonds.