In this week’s market summaries, SolveQuotes composite data showed that CIBT HOLDINGS decreased -4.9% after Omicron concerns primarily in Europe and Asia and LA Department of Water and Power ranked on the Quote Volume List increasing by 61 quotes. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

ENVISION HEALTHCARE TL B (EMS) increased 3.3% from $76.52 to $79.01 last week after implementing the Emergency Triage, Treat, and Transport (ET3) model. ET3, designed by the Centers for Medicare and Medicaid Services, reimburses emergency services for Medicare fee-for-service beneficiaries.

CIBT HOLDINGS (CIBHOL) decreased -4.9% from $84.60 to $80.49 last week after Omicron concerns primarily in Europe and Asia force restriction such as capacity limitation and increased vaccine mandates.

Aerospace & Defense increased .25% last week following reports their CAGR was expected to expand 5.5% fueled by the growth of the aerospace & defense chemical distribution market. This growth is driven by a rise in commercial aerospace, rise in cargo, and use of later model aircraft. 

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

Ohio State Hospital Revenue (OHSMED) increased 1.86% from $113.94 to $116.06 after posting an operating margin of 8.5% and a revenue of $4.2 billion demonstrating a recovery from the pandemic.

California Statewide Communities Development Authority (CSCDA) decreased -5.8% from $104.30 to $98.25 as drought continues to grip the state and regulators will be delivering the minimal water supplies to the state’s municipalities via the State Water Project.

LA Department of Water and Power ranked on the Quote Volume List last week, increasing by 61 quotes as drought has forced the region to increase utility restrictions and fines on residents to conserve resources.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

Hungary (REPHUN) increased 3.9% from $95.96 to $99.73 last week after mandating the Bank of China to arrange a yuan-denominated green sovereign bond issue—the first green sovereign bond issue approved by Chinese authorities.

Google (GOOGL) decreased 2.6% from $92.40 to $88.77 last week after settling a messy battle over YouTube distribution with Roku.

Media: Broadcasting & Subscription was one of the top performing industries last week with yields dropping 49 bps given the increase of digital-only news sites and subscription platforms.

Sunac China Holdings (SUNAC) increased 31.5% from $61.70 to $81.13 last week after the Chinese developer raises $953 million through the sale of new shares as well as a stake in its property management unit.

Banque Centrale de Tunisie (BTUN) decreased 14.1% from $68.22 to $58.58 last week after new government appointment of the Central Bank of Tunisia and fresh talks with the IMF of the convertibility of the dinar in the next 2-3 years.

Consumer Goods: Durable was one of the top performing industries last week with industry prices up 0.7% given the increase of time spent at home due to ongoing COVID developments globally.

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