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Top Insights of the Week:
Ending 3/25/22

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 Consumer Goods: Non-Durable increased 0.48% as rampant spending continues and NV CLAAPT increased 1.38% following the announcement that Spirit Airlines will increase its service at Las Vegas Airport. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

JILL TL B increased 8.2% from $83.38 to $90.21 as the women’s apparel and accessories retailer showed positive net income for the second straight quarter.

HOLLAND & BARRETT GBP TL B decreased -18% from $80.00 to $65.46 as the retail company is struggling to make a scheduled interest payment to lenders demonstrating the obstacles created by sanctions linked with Russian oligarchs.

Consumer Goods: Non-Durable increased 0.48% as rampant spending continues as consumers try and keep pace with surging inflationary prices.

Municipal Bond Market Summary

NV CLAAPT 6.82 07/01/2045 increased 1.38% from $142.86 to $144.83 following the announcement that Spirit Airlines will increase its service at Las Vegas Airport.

NY MTATRN 0 11/15/2040 decreased -7.0% as New York subway systems try to rebound as they continue to face the effects of pandemic-related ridership woes.

CA OCESCD 4 08/01/2040 ranked on the Quote Volume List last week, increasing 464% as the school district announces a program that would bring health services offices to schools.

IG & HY Corporate Bond Summary

Snapchat (0.125 3/1/2028) increased 8% from $93.28 to $100.78 last week after Samsung brings advanced Galaxy S22 camera features to Snapchat and other social media apps.

Pepsi (5.5 5/15/2035) decreased 14.9% from $140.35 to $119.40 last week after a major Pepsi bottling plant in Piscataway, New Jersey erupted in fire.

Telecommunications was the top performing industry last week with yields dropping 42 bps given recent transitions to more data-driven business models by network operators.

Central China Real Estate (8.75 11/1/2023 144A) increased 42.8% from $44.49 to $63.55 last week after China launched a slew of measures to ease homebuying rules and shore up its sluggish real estate market. 

Unifin Mexico (8.875 PERP REGS) decreased 20.6% from $42.18 to $33.48 last week after announcing plans to sell off bonds to fight sector contagion.

Energy: Oil and Gas was the top performing industry this week with overall prices up 0.2% after Russia’s invasion of Ukraine. The U.S. under the Biden Administration recently banned all Russian imports of gas, oil, and energy.

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

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  • NEWS ROOM

    Some Investors Are Still Paying High Prices for Munis – Originally published in The Wall Street Journal

    Some muni market investors are paying far more than others for the same bond on the same day, even after a 2018 rule improved the situation somewhat.

  • NEWS ROOM

    AI And The Municipal Bond Market: Solving The Pricing Problem – Originally published in Forbes

    Four fintech start-ups, using AI and data, are solving the pricing problem in the municipal bond market, upending entrenched incumbents along the way.