In this week’s market summaries, SolveQuotes composite data showed that REVLON increased 2.6% as global cosmetic markets revenue is expected to grow and North Texas Tollway Authority ranked on the Quote Volume list with more than $14.7 million in unpaid tolls. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

REVLON GROUP INC (REVLON) increased 2.6% from $58.09 to $59.59 last week as global cosmetic markets revenue is expected to grow 6-8% per year over the next decade, fueled by greater spending on luxury products.

ANCHOR GLASS CONTAINER CORPORATION (ANCHOR GLASS) decreased -10.1% from $52.13 to $46.74 as logjams at the ports, trucker shortages, and labor woes have caused an inventory shortage of glass bottles used for liquor and wine production.

Consumer Goods: Non-Durable was this past week’s top performing industry, up .29% as the rise in prices and an increase in personal income contributed to a 1.6% rise in spending in November.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

Puerto Rico Electric Power Authority increased 4.79% from $85.50 to $89.60 as an arrest warrant was issued for LUMA CEO, a pivotal player in the territories power grid privatization process, leading to speculation about the future of electric crisis and the reimplementation of PREPA.

Wellstar Kennestone Hospital decreased -5.11% from $106.98 to $100.05 following United Health Cares termination of their contract with the hospital creating concerns surrounding coverage and affordable healthcare for customers in the area.

North Texas Tollway Authority ranked on the Quote Volume list this past week increasing from 40 to 90 quotes as it is reported that more than 500,000 cars with paper tags with no valid contact address have racked up more than $14.7 million in unpaid tolls costing not only the authority but taxpayers as well.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

RYEUNI (RYEUNI) increased 4.1% from $106.07 to $110.45 last week given continued demand for consumer staples in Canada and expected lockdown measures to continue after new Omicron variant.

Pemex (PEMEX) decreased 6.3% from $94.55 to $88.57 last week after a pipeline blast in central Mexico last month spurred the discovery of more poorly maintained pipelines overlooked by the company.

Media: Diversified & Production was the top performing industry last week with yields dropping 79 bps chiefly driven by a significant rise in output of streaming services produced by new market players in the space. 

Aeromexico (AERMEX) increased 4.4% from $95.33 to $99.53 last week after receiving a proposal from Apollo creditors to convert some debt into equity. This new exit plan will award Apollo a stake in the struggling airline company.

Talen Energy (TLN) decreased 9.2% from $63.50 to $57.64 last week. The energy supplier is $4 billion in debt and facing negotiations with creditors as its bonds continue to be downgraded.

Services: Business was one of the top performing industries last week with industry prices up 2.2% given the smooth transition to digital workplaces and strategies.

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