In this week’s market summaries, SolveQuotes composite data showed that PEABODY ENERGY TL B is, up 6.9% this month as demand for coal increases due to shortages of natural gas and Metals & Mining is up .36% fueled by the coal market as the industry experiences high demand. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Monthly Bank Loan Market Summary

PEABODY ENERGY TL B is this month’s winner, up 6.9% from $81.03 to $86.63 as demand for coal increases due to shortages of natural gas.

RIVERBED PIK 2ND LIEN TL is this month’s loser, down -63.6% from $71.13 to $25.92 after being taken over by Apollo Global Management as the company undergoes a restructuring process to eliminate more than $1 billion in debt.

Energy: Oil & Gas was this month’s top-performing industry, up 1.13% as prices continue to rise with expectations indicating continued price increases through the end of the year. 

View the most recent Monthly Bank Loan Market Summary

Bank Loan Market Summary

EXELA TL B is this week’s winner, up 5.2% from $78.05 to $82.13 after announcing their partnership with CareSource one of the nation’s largest Medicaid-managed care plans.

RIVERBED PIK 2ND LIEN TL is this week’s loser, down -17.4% from $31.36 to $25.92 as the company continues its restructuring process in an attempt to eliminate large amounts of debt.

Metals & Mining is this week’s top-performing industry, up .36% fueled by the coal market as the industry experiences high demand with a shrinking supply.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

PA TPK COM TPK SER B is this week’s winner, up 2.7% from $140.47 to $144.26 after secondary trading in their bonds increases 5x this week.

MET TRANSPRTN AUTH NY is this week’s loser, down -2.18% from $118.89 to $116.30 as ridership among Long Island Rail Road (LIRR) and Metro-North train lines are down from their comparable figures in 2019.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

Oxuniv (OXUNIV) increased 11.2% from $119.55 to $132.99 last week after British companies across the U.K.’s retail sector reported stronger than expected sales performance amid shortages in global supply chain. 

Wens Foodstuff Group (GWFOOD) bonds decreased 4.6% from $75.16 to $71.70 last week as China’s pork industry tries to rebound from a dramatic fall in supply due to an outbreak of African swine fever in 2018.

Containers, Packaging, and Glass was the top performing industry last week with yields dropping 61 bps chiefly driven by a significant rise in demand for packaging across all industries.

Aggregate Holdings (AGGHOL) increased 13.2% from $56.26 to $63.69 last week after Vonovia acquires a purchase option for stake in Adler Group from the company.

China’s Aoyuan Group (CAPG) decreased 31.4% from $68.21 to $46.77 last week. This follows the Evergrande Crisis as China’s property sector continues to be in turmoil, and property firms continue to suffer from fresh rating downgrades.

Transportation: Consumer was one of the top performing industries last week with overall prices up 0.5% given Transit Authorities & other U.S. agencies are devising price cuts among other measures to lure back customers to pre-pandemic rider levels.

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