Top Insights of the Week: Ending 12/23/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
Municipal Bond Market Summary – Week Ending 12/23/21
CA CAS 4 03/01/2038 increased 1.4% from $120.42 to $11.05 as exceptional drought levels decreased 16% statewide in the past month.
High Yield Corporate Bond Market Summary – Week Ending 12/23/21
Argentina (LEDES 0 4/29/2022) increased 9.6% from $86.20 to $94.48 last week after proposals from Russian officials to redefine their trade balances to impose forward exchange between rubles and Argentine pesos.
Investment Grade Corporate Bond Market Summary – Week Ending 12/23/21
Massachusetts Institute of Technology (MASSIN 3.9 7/1/2016) increased 7.1% from $118.60 to $127.06 last week after MIT engineers test an idea for a new levitating vehicle that could possibly explore the moon, asteroids, and other airless planetary surfaces.
Syndicated Bank Loan Market Summary – Week Ending 12/23/21
CINEWORLD TL B (CINELN) decreased -6% from $79.68 to $74.91 for the second straight week following a soured deal with Canadian cinema giant Cineplex resulting in the payment of billions of dollars in damages.
Top Insights of the Week: Ending 12/17/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
High Yield Corporate Bond Market Summary – Week Ending 12/17/21
Sinclair’s Diamond Sports Group (DSPORT 6.6 8/15/2027) increased 10.4% from $23.44 to $25.90 last week given swings to company profits last quarter and continued recovery across the advertising landscape.
Investment Grade Corporate Bond Market Summary – Week Ending 12/17/21
Australia & New Zealand Banking Group (ANZ 3.4 12/20/2039) increased 5.9% from $89.59 to $94.88 last week after bond investor speculation that Australia and New Zealand will raise interest rates by early next year.
Syndicated Bank Loan Market Summary – Week Ending 12/17/21
Riverbed TLB (RVBD) 12/30/25 increased 6.4% from $89.57 to $95.32 for the second week in a row after securing bankruptcy court approval for it’s reorganization plan that would reduce it’s debt by $1.1 billion.
Municipal Bond Market Summary – Week Ending 12/17/21
Chaffey Community College (CHFHGR 5% 2029) ranked on the Quote Volume list last week increasing 238% after receiving $18 million in federal funds for students in need.
