Municipal Bond Market Summary – Week Ending 7/23/21
DALLAS TX AREA RAPID increased 2.2% from $133.94 to $136.86 last week as Texas transportation was awarded an $89 million infrastructure deal.
Syndicated Bank Loan Market Summary – Week Ending 7/23/21
AMERICAN AIRLINES TL B was last week’s top performer up 2.1% from $97.15 to $99.51 as the airline shows optimistic signs in both earnings reports and providing steady progress in both domestic and international routes.
Top Insights of the Week: Ending 7/16/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
High Yield Corporate Bond Market Summary – Week Ending 7/16/21
EXELA TECHNOLOGIES continues to soar, increasing 8.46% from $71.31 to $77.34 last week after the technology firm completed a $100 million equity offering that will be used to retire debt.
Investment Grade Corporate Bond Market Summary – Week Ending 7/16/21
DOW SILICONES increased 8% from $165.45 to $178.77 last week as the chemical company continues to enhance transparency on ESG priorities and progress.
Municipal Bond Market Summary – Week Ending 7/16/21
PUERTO RICO ELEC PWR increased 3.7% from $88.60 to $91.87 last week due to concerns of the stability of the electric grid and power outages increase as hurricane season is off to a fast start.
Syndicated Bank Loan Market Summary – Week Ending 7/16/21
LIMETREE BAY TL B is this week’s top performer up 4.0% from $73.04 to $75.94 as the refinery has filed for Chapter 11 reorganization as it looks to engage in talks with lenders, creditors, and investors to discuss potential selling of assets and refineries futures.
Top Insights of the Week: Ending 7/9/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
High Yield Corporate Bond Market Summary – Week Ending 7/9/21
BTU 6.375% 2025 increased 5.1% from $73.63 to $77.40 last week as the company announced the repurchase of $13 million of 8.5% notes as coal prices move up along with natural gas as the economy improves and heat wave blasts the NorthWest.
Investment Grade Corporate Bond Market Summary – Week Ending 7/9/21
RAGB 0.85% 2120 increased 6.6% from $91.36 to $97.43 last week following the European Central Bank’s decision to extend the phase of faster bondbuying through the summer to ensure economic rebound. Sovereign issuance is due from Austria, among other European countries, and combined supply is estimated around EU19b.
