In this week’s market summaries, SolveQuotes composite data showed that HARVEY GULF EXIT TL increased 13.0% this month following the selection of SailPlan to optimize fleet emissions. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Monthly Bank Loan Market Summary

HARVEY GULF EXIT TL increased 13.0% from $79.81 to $90.25 following the selection of SailPlan to optimize fleet emissions as part of its NetZero Strategy.

NSO GROUP TL B1 decreased -25.4% from $56.19 to $41.92 as their Pegasus Spyware scandal continues, including a threat to the company’s future following their blacklisting alongside additional reports and investigations.

Transportation: Consumer increased 1.01% as the strong demand for logistics services in 2021 continues providing a positive outlook for 2022.

View the most recent Monthly Bank Loan Market Summary

Bank Loan Market Summary

ENVISION HEALTHCARE PIK TL B increased 3.3% from $74.69 to $77.15 following the sale of Evolution Health, a provider of home health, hospice, and infusion therapy services to Amedisys.

COLE HAAN TL B1 decreased -3.4% from $93.01 to $89.90 following a ratings downgrade to Caa1 as they experienced a longer than anticipated recovery of the company’s sales and earnings coming out of the pandemic.

Utilities: Oil & Gas increased 0.83% oil and gas prices are soaring, while coal use is reaching record highs as fears grow of a Russian invasion of Ukraine. 

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

NY NYCGEN 4 08/01/2036 increased 2.3% from $115.04 to $117.64 following an Aa1 rating assignment to NYC TFA’s Future Tax Secured Subordinate Bonds, Fiscal 2022 Series C, indicating a stable outlook.

MA BRE 2.85 11/01/2046 decreased -3.9% from $97.72 to $93.84 following extreme flooding damage caused by a record-breaking winter storm earlier last week.

NY NYSHGR 4 03/15/2047 ranked on the Quote Volume list last week, following the Governor’s pledge to commit $200 million in public and private funds to support cannabis business construction. The funds will be administered in a partnership between the Office of Cannabis Management (OCM) and the Dormitory Authority of the State of New York (DASNY).

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IG & HY Corporate Bond Summary

Groupe BPCE (0.5 10/21/2034) increased 6.4% from $92.73 to $98.68 last week after receiving notification from the European Central Bank, stating the bank is well above the level of prudential capital requirements for 2022.

California Energy Commission (1.875 6/16/2062) decreased 7.5% from $87.23 to $80.63 last week after sketching $30.5B draft transition plan to meet the state’s clean energy goals.

Environmental Industries was among the top performers last week with overall 5-year yields down 2 bps given greater effort in the U.S. to push clean energy agendas and new renewable energy technologies.

Argentina (0.125 7/9/2041) increased 8% from $31.76 to $34.32 last week after receiving $23.7B in financing for infrastructure projects from China.

Saipem (2.625 (1/7/2025) decreased 22.8% from $99.68 to $76.99 last week after auditors highlighted significant deterioration in the full-life economic margins of some of its projects.

Metals & Mining was one of the top performing industries last week with prices up 0.2% given recent efforts to ramp up mining investment and operations which will be at the core of enabling clean energy transition in the U.S.

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