In this week’s market summaries, SolveQuotes composite data showed that MCDERMOTT EXIT TL increased 2.6% after announcing the launch of a carbon footprint calculation too and NJ TRN FD CAB-SER -A 0 decreased -7.7% following delays in the rollout of their electric bus pilot program. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

MCDERMOTT EXIT TL increased 2.6% from $45.66 to $46.86 following the announcement of the launch of a carbon footprint calculation tool that provides data collection, estimation, and reporting on the potential carbon impact of energy facilities before construction begins.

NSO GROUP TL B1 decreased -16.4% from $50.95 to $42.62 as the company still experiences backlash from the abuse of their Pegasus software.

Energy: Oil & Gas decreased – 0.48% as Western big oil companies find themselves in a crossroads with sanctions on Russia looming pending its invasion of Ukraine.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

DALLAS AREA RAPID-A 5 12/01/33 increased 6.0% following a Moody’s review that indicated DART has significantly recovered from declines seen during the pandemic in both employment and revenue growth.

NJ TRN FD CAB-SER -A 0 12/15/32 decreased -7.7% following delays in the rollout of their electric bus pilot program towards the second half of the year.

SAN JOSE CA-A 5 9/1/2041 ranked on the Quote Volume list this week following the city’s approval of the first US requirement for gun owners to carry insurance and pay an annual fee.

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IG & HY Corporate Bond Summary

ContourGlobal (6 8/30/2034) increased 17.7% from $70.84 to $83.36 last week after agreeing to sell its Brazilian hydropower business to Pátria Investments.

Kohl’s (6.875 12/15/2037) decreased 10.5% from $122.04 to $109.22 last week after joining peer retailers Macy’s and Dollar Tree as a new target of activist investors pressuring the retailer to meet operational and financial objectives.

Media: Advertising, Printing & Publishing was one of the top performing industries last week with overall 5-year yields down 27 bps as digital printing technologies continue to displace conventional analogue processes.

Kaisa Group Holdings (11.25 4/9/2022) increased 21.2% from $22.21 to $26.93 last week as indications of gradual recovery and normalization across China’s real estate sector comfort bondholders with firm promises of early repayment on debt.

Hopson Development (6.8 12/28/2023) decreased 11.7% from $94.42 to $83.35 last week after its auditor PricewaterhouseCoopers resigned after receiving insufficient information to complete auditing procedures.

Transportation: Cargo was one of the top performing industries last week with industry prices up 6.9% given emerging sustainability trends in freight and logistics.

View the most recent Corporate Bond Market Summaries: Investment Grade or High Yield