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Top Insights of the Week: Ending 2/25/22
Top weekly insights from Solve Advisors’ Bank Loans, Municipal Bond, and Corporate Bond market summaries.
In this week’s market summaries, SolveQuotes composite data showed that NJ RUTHGR increased 3.9% following the launch of a new financial aid program and Russia (5.875 9/16/2043) decreased 35.5% last week after Putin’s invasion of Ukraine. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.
Bank Loan Market Summary TRAVELPORT TL B increased 1.39% from $80.08 to $81.20 following the announcement of a new long-term distribution agreement with Qatar Airways, offering new distribution capabilities (NDC) and advanced merchandising solutions. ENVISION HEALTHCARE TL B decreased -3.0% from $74.98 to $72.73 as the medical management company faces a lawsuit suggesting they knowingly failed to pay nurses and doctors, and advanced practitioners the correct wage. Utilities: Energy increased 0.76% as global energy prices soar primarily in European regions due to conflict between Ukraine and Russia
View the most recent Bank Loan Market Summary
Municipal Bond Market Summary NJ RUTHGR 3.92 05/01/2119 increased 3.9% from $102.42 to $105.72 following the launch of a new financial aid program that increases access and affordability for in-state students. FL MIAUTL 4 10/01/2040 decreased -3.7% from $114.48 to $110.30 as the county begins to plan the removal of polluting septic tanks and address several decade environmental disasters. TX LFLTRN 5 11/01/2025 ranked on the Quote Volume list last week, increasing 733% as the airport continues to see an increase in passenger traffic faster previously stunted due to the pandemic and travel restrictions.
View the most recent Municipal Bond Market Summary
IG & HY Corporate Bond Summary Slovenia (0.6875 3/3/2081) increased 4.6% from $64.40 to $67.35 last week after the country’s finance ministry issues a mandate on six international banks to lead a reopening of euro-denominated benchmarks bonds. Russia (5.875 9/16/2043) decreased 35.5% from $112.14 to $72.36 last week after Putin’s invasion of Ukraine and subsequent turmoil in Russian markets. Transportation: Cargo was one of the top performing industries last week with overall 5-year yields down 8 bps given emerging sustainability trends in freight and logistics. Tenneco (5 7/15/2026) increased 7.8% from $92.77 to $100.02 last week after the automotive parts maker announced it is being taken private in an all-cash deal valued at $7.1 billion. Ukraine (9.75 11/1/2028) decreased 51.8% from $90.90 to $43.83 last week following the Russia-Ukraine war prompted by Russia’s invasion and continued attacks. Forest Products & Paper was the top performing industry last week with prices up 5.3% given several projects in the works for forest restoration and increasing investor interest in funding new wood products manufacturing companies.
View the most recent Corporate Bond Market Summaries: Investment Grade or High Yield
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