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Top Insights of the Week:
Ending 2/25/22
Top weekly insights from Solve Advisors’ Bank Loans, Municipal Bond, and Corporate Bond market summaries.
In this week’s market summaries, SolveQuotes composite data showed that NJ RUTHGR increased 3.9% following the launch of a new financial aid program and Russia (5.875 9/16/2043) decreased 35.5% last week after Putin’s invasion of Ukraine. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.
Bank Loan Market Summary
TRAVELPORT TL B increased 1.39% from $80.08 to $81.20 following the announcement of a new long-term distribution agreement with Qatar Airways, offering new distribution capabilities (NDC) and advanced merchandising solutions.
ENVISION HEALTHCARE TL B decreased -3.0% from $74.98 to $72.73 as the medical management company faces a lawsuit suggesting they knowingly failed to pay nurses and doctors, and advanced practitioners the correct wage.
Utilities: Energy increased 0.76% as global energy prices soar primarily in European regions due to conflict between Ukraine and Russia
Municipal Bond Market Summary
NJ RUTHGR 3.92 05/01/2119 increased 3.9% from $102.42 to $105.72 following the launch of a new financial aid program that increases access and affordability for in-state students.
FL MIAUTL 4 10/01/2040 decreased -3.7% from $114.48 to $110.30 as the county begins to plan the removal of polluting septic tanks and address several decade environmental disasters.
TX LFLTRN 5 11/01/2025 ranked on the Quote Volume list last week, increasing 733% as the airport continues to see an increase in passenger traffic faster previously stunted due to the pandemic and travel restrictions.
IG & HY Corporate Bond Summary
Slovenia (0.6875 3/3/2081) increased 4.6% from $64.40 to $67.35 last week after the country’s finance ministry issues a mandate on six international banks to lead a reopening of euro-denominated benchmarks bonds.
Russia (5.875 9/16/2043) decreased 35.5% from $112.14 to $72.36 last week after Putin’s invasion of Ukraine and subsequent turmoil in Russian markets.
Transportation: Cargo was one of the top performing industries last week with overall 5-year yields down 8 bps given emerging sustainability trends in freight and logistics.
Tenneco (5 7/15/2026) increased 7.8% from $92.77 to $100.02 last week after the automotive parts maker announced it is being taken private in an all-cash deal valued at $7.1 billion.
Ukraine (9.75 11/1/2028) decreased 51.8% from $90.90 to $43.83 last week following the Russia-Ukraine war prompted by Russia’s invasion and continued attacks.
Forest Products & Paper was the top performing industry last week with prices up 5.3% given several projects in the works for forest restoration and increasing investor interest in funding new wood products manufacturing companies.
View the most recent Corporate Bond Market Summaries: Investment Grade or High Yield
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