Top Insights of the Week: Ending 6/25/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
Investment Grade Corporate Bond Market Summary – Week Ending 6/25/21
DOW 7.75% 10/1/2096 increased 6.9% from $163.47 to $174.73 last week as the company enhances transparency on ESG priorities coupled with general optimism surrounding industrial companies as Biden's Infrastructure Deal grows closer.
High Yield Corporate Bond Market Summary – Week Ending 6/25/21
SMLP 9.5 PERP increased 9.9% from $66.17 to $72.72 last week after the company raised it's 2021 EBITDA guidance 6% and indicated that net debt declined by $26 million over the past quarter.
Municipal Bond Market Summary – Week Ending 6/25/21
SAN JOSE CA ARPT REVENUE bonds were our top Muni Winner last week with a 4.8% increase to 107.83 as travel steadily increases and JetBlue airlines returns to the international airport.
Syndicated Bank Loan Market Summary – Week Ending 6/25/21
MITEL NETWORKS 2ND LIEN TL MITL increased 3.3% from $54.80 to $56.60 last week following Destiny’s announced acquisition of Telepo and Soluno making them the largest European UCass platform.
Top Insights of the Week: Ending 6/18/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
High Yield Corporate Bond Market Summary – Week Ending 6/18/21
MASHTU 7.35% 7/1/2026 increased 41.28% from $30.59 to $43.22 last week following unprecedented progress in reversing the community’s type 2 diabetes epidemic through partnership with Virta Health.
Investment Grade Corporate Bond Market Summary – Week Ending 6/18/21
TENCNT 3.29% 6/3/2060 increased 4.11% from $92.88 to $96.70 last week after Tencent-backed online dating App, Soulgate, files for an initial public offering.
Syndicated Bank Loan Market Summary – Week Ending 6/18/21
STEINHOFF PIK EUR TL A2 increased 13.4% from $55.99 to $63.49 last week after the company announced earnings whereby operating profit increased 16% over the past 6 months vs prior year period.
Municipal Bond Market Summary – Week Ending 6/18/21
As demand for water begins increase due to extreme levels of heat in California, LOS ANGELES CALIF DEPT WTR 6.57% 07/01/45 bonds increased 1.8% over the past week to $165.92.
