In this week’s market summaries, SolveQuotes composite data showed that Real Estate increased .25% last week reaffirming trends seen throughout the year in the loan market and VA UNIHGR decreased -2.1% following reports that the university expects a potential post-holiday surge of COVID-19 cases. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

GTT COMMUNICATIONS EUR TL B (GTT) increased 4.6% from $84.51 to $88.43 after being granted court approval of Prepackaged Plan in Chapter 11 process. The approval enables GTT to improve its capital structure, execute long-term business strategy, and reduce significant debt.

CINEWORLD TL B (CINELN) decreased -6% from $79.68 to $74.91 for the second straight week following a soured deal with Canadian cinema giant Cineplex resulting in the payment of billions of dollars in damages.

Real Estate increased .25% last week reaffirming trends seen throughout the year. Increases were seen primarily among apartment rents accredited to a pricy housing market that has forced would-be home buyers to continue renting.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

CA CAS 4 03/01/2038 increased 1.4% from $120.42 to $11.05 as exceptional drought levels decreased 16% statewide in the past month.

VA UNIHGR 2.58 11/01/2051 decreased -2.1% following reports that the university expects a potential post-holiday surge of COVID-19 cases in central Virginia. 

CA SDGEDU 4 07/01/2046 ranked on the Quote Volume list this past week, increasing 180%, after a judge struck down the school district’s student vaccination mandate, stating the order disputes state law.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

Massachusetts Institute of Technology (MASSIN 3.9 7/1/2016) increased 7.1% from $118.60 to $127.06 last week after MIT engineers test an idea for a new levitating vehicle that could possibly explore the moon, asteroids, and other airless planetary surfaces.

Johnson Controls International (JCI 5.3 12/1/2041) decreased 5.5% from $121.59 to $114.86 last week after questions about mixed financials posing questions for investors.

Hotel, Gaming & Leisure was the top performing industry last week with yields dropping 152 bps chiefly driven by casino REITs and attractive growth opportunities across all related businesses such as retail, entertainment, and restaurants.

Argentina (LEDES 0 4/29/2022) increased 9.6% from $86.20 to $94.48 last week after proposals from Russian officials to redefine their trade balances to impose forward exchange between rubles and Argentine pesos.

Talen Energy (TLN 10.5 1/15/2026) decreased 4.6% from $47.88 to $45.70 last week. The energy supplier is $4 billion in debt and facing negotiations with creditors as its bonds continue to be downgraded.

Media: Advertising, Printing & Publishing was one of the top performing industries last week with overall prices up 0.8% as digital printing technologies continue to displace conventional analogue processes.

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