In this week’s market summaries, SolveQuotes composite data showed that PGS TL B increased 4.2% due to an increase in demand for oil and gas exploration activities, CA LOSSCD increased 248% as the school district will drop outdoor mask requirements and Consumer Goods: Non-Durable was among the top performers last week with overall 5-year yields down 22 bps. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

PGS TL B increased 4.2% from $75.51 to $82.82 due to an increase in demand for oil and gas exploration activities contributing to growth in the geophysical data market.

DIAMOND SPORTS TL B decreased -7.9% from $39.94 to $36.79 as the group looks to swap $3B of distressed bonds. The swap relies on investors and their ability to overlook poor market performance last year.

Real Estate increased .06%, with jumps seen in January, as increased demand alongside limited supply has pushed median prices higher.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

PR PRCPWR 5 07/01/2032 increased 1.02% from $96.73 to $97.85 as the financial oversight board responsible for Puerto Rico’s bankruptcy expects to have a plan for PREPA’s debt later this year.

CA UNVHGR 5 05/15/2033 decreased -5.14% from $134.94 to $128.01 as the university is forced to freeze enrollment following a lawsuit that suggested negative environmental impacts of the university’s expansion plan.

CA LOSSCD 4 07/01/2039 ranked on the Quote Volume list this past week, increasing 248% as the school district will drop outdoor mask requirements this coming week.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

Deutsche Bank (1.875 12/22/2028) increased 6% from $92.72 to $98.34 last week given continued execution of several transformation strategies initiated in 2019 with remarkable results to date.

Slovenia (0.6875 3/3/2081) decreased 8% from $69.98 to $64.40 last week after the Balkan country’s government announced plans to abolish the mandatory quarantine requirement and all COVID related entry from other territories.

Consumer Goods: Non-Durable was among the top performers last week with overall 5-year yields down 22 bps as imports continue to increase into a sixth straight month amid strong domestic demand.

Wesco Aircraft (9 11/15/2026 144A) increased 7.8% from $92.77 to $100.02 last week after bond holders for the aerospace supplier tap counsel for restructuring talks.

Telesat Canada (6.5 10/15/2027 144A) decreased 14.9% from $59.98 to $51.03 last week after pushback on return-to-growth forecasts on recent satellite investment amid ongoing pandemic-related supply chain issues.

Insurance was the top performing industry last week with prices up 0.1% given a proposed overhaul of the insurance sector regulation by the U.K.’s Treasury to create a more tailored and dynamic regime.

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