Top Insights of the Week: Ending 10/22/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
Syndicated Bank Loan Market Summary – Week Ending 10/22/21
TEN-X TL is this week’s winner, up 1.3% from $96.51 to $97.76 as parent organization CoStar Group experienced a nine-day winning streak, the longest for the company in 5.5 years.
High Yield Corporate Bond Market Summary – Week Ending 10/22/21
Talen Energy Corp. (TLN) increased 12.8% from $48.48 to $53.07 last week after considerations of building its first renewable power generation project in Texas.
Investment Grade Corporate Bond Market Summary – Week Ending 10/22/21
Coca-Cola (KO) increased 3% from $142.37 to $146.67 last week as investors seek to pour into more recession resistant investments with reliable growth given the current economic downturn.
Municipal Bond Market Summary – Week Ending 10/22/21
NEW YORK-A-A-1 is this week’s loser, down -3.6% from $117.94 to $113.73 with the announcement that all city workers will be required to have at least one vaccine dose before the end of the month as New York continues its battle against Covid-19.
Top Insights of the Week: Ending 10/15/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
High Yield Corporate Bond Market Summary – Week Ending 10/15/21
Talen Energy Corp. (TLN) increased 9.5% from $48.48 to $53.07 last week after the passage of Pennsylvania’s digital infrastructure legislation which provides tax exemptions for data center investments.
Investment Grade Corporate Bond Market Summary – Week Ending 10/15/21
Telefonica Europe (TELEFO) increased 5.2% from $138.72 to $145.88 last week after announcing its collaboration with IBM to implement its first cloud-native 5G core network platform.
Municipal Bond Market Summary – Week Ending 10/15/21
PR GO RFDG-PUB IMPT- is this week’s winner, up 3.88% from $80.50 to $83.63 after Puerto Rico agrees to remove pension cuts previously included in the debt plan as they continue their bond restructuring process.
Syndicated Bank Loan Market Summary – Week Ending 10/15/21
STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 is this week’s winner, up 8.9% from $77.34 to $84.23 after receiving approval from the South African Reserve Bank’s Financial Surveillance Department for the final implementation of their global litigation settlement.
