In this week’s market summaries, SolveQuotes composite data showed that GLBUSI increased 8.1% American Express Global Travel and Apollo Strategic Growth Capitals partnership and Aerospace & Defense is this month top performing industry, up .60% following increased Covid-19 response. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Monthly Bank Loan Market Summary

MITEL NETWORKS 2ND LIEN TL (MITL) increased 40.3% from $63.60 to $89.26 following the announcement early last month of a strategic partnership with RingCentral to provide Mitel’s global customer base with a migration path to RingCentral’s cloud communications platform.

NORTHPOLE NEWCO SARL (NSOGRO) decreased -20.9% from $84.41 to $66.75 following a ratings downgrade and blacklisting by the U.S. Commerce Department for the sale of hacking tools to foreign governments.

Aerospace & Defense is this month top performing industry, up .60% following increased Covid-19 response and vaccination efforts along with a stable outlook.

View the most recent Monthly Bank Loan Market Summary

Bank Loan Market Summary

GLOBAL BUSINESS TRAVEL HOLDINGS LTD (GLBUSI) increased 8.1% from $89.12 to $96.37 following American Express Global Travel and Apollo Strategic Growth Capitals partnership to create the world’s largest publicly traded B2B travel platform.

NORTHPOLE NEWCO SARL (NSOGRO) decreased -16.8% from $69.75 to $58.04 following their ratings downgrade to ‘CCC+’ late last month due to an uncertain operating prospect and a negative outlook.

Aerospace & Defense is this week’s top-performing industry, up .43% following improvements seen in the Coronavirus recovery efforts and continued wide distribution of vaccines across the globe.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

Missouri Health and Educational Facilities Authority (MO) increased 3.96% from $124.38 to $129.30 last week after Fitch Ratings assigned a ‘BBB’ rating expected to be issued on behalf of Lutheran Senior Services (LSS). The rating indicates a stable outlook with proceeds financing various capital projects, refinancing of loans, and future acquisitions.

Philadelphia (PA) Water and Wastewater Revs ranked on the Quote Volume list this past week, increasing from 33 to 100 quotes after the federal EPA announced Pennsylvania will receive $240 million to improve water infrastructure.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

Lilly ICOS (LLY) increased 8.5% from $91.80 to $99.59 last week after ascertaining an inventive step in treatment dosage for Cialis, a pharmaceutical product for the treatment of erectile dysfunction.

Ado Properties (ADJGR) decreased 3.1% from $87.75 to $85.01 last week after facing scrutiny from investors seeking answers to 30,000 sell-off deals made in recent months.

Containers, Packaging, and Glass was the top performing industry last week with yields dropping 50 bps chiefly driven by a significant rise in demand for packaging across all industries.

Sinclair’s Diamond Sports Group (DSPORT) increased 18.7% from $21.13 to $25.08 last week given swings to company profits last quarter and continued recovery across the advertising landscape.

Guangzhou R&F Properties (GZRFPR) decreased 30.5% from $54.61 to $37.98 last week along with other peer firms as Chinese property moguls steer toward using billions of their own cash to assist debt repayments.

Media: Broadcasting & Subscription was one of the top performing industries last week with industry prices up 0.6% given the increase of digital-only news sites and subscription platforms.

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