NEWS ROOM

GET OUR MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Top Insights of the Week:
Ending 3/4/22

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 ANCHOR GLASS 2ND LIEN TL decreased -5.5% as supply chain issues continue to cripple glass bottle availability and IL COOSCD  increased 2.7% following the CDC’s announcement that schools could drop mask mandates. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Monthly Bank Loan Market Summary

MENS WEARHOUSE EXIT TL increased 9.1% from $84.58 to $92.27 as the company’s outlook changes from negative to positive with their rebounds in credit metrics and liquidity previously dwindled by the pandemic.

NSO GROUP TL B1 decreased -26.8% from $41.92 to $30.70 as the group continues to battle its spyware scandal with new reports indicating their involvement in ‘Phishing’ and ‘Zero-Click’ hacks.

Energy: Oil & Gas increased 2.48% as oil jumps over $100 a barrel, reaching the highest point since 2014 following Russia’s invasion of Ukraine.

Bank Loan Market Summary

CINEWORLD TL B increased 2.1% from $74.96 to $76.53 following a record day in the UK on their inaugural Cineworld Day where they sold discounted tickets which attracted large numbers of moviegoers.

ANCHOR GLASS 2ND LIEN TL decreased -5.5% from $43.54 to $41.14 as supply chain issues continue to cripple glass bottle availability due to shipping delays.

Consumer Goods: Durable increased 0.13% last week as consumer spending continues despite inflated prices.

Municipal Bond Market Summary

IL COOSCD 2.68 12/01/2036 increased 2.7% from $91.98 to $94.47 following the CDC’s announcement that schools could drop mask mandates.

NH NHMBBK 2.5 02/15/2051 decreased -3.8% from $94.50 to $90.96 as debates surround the passing of bills in New Hampshire that would limit local public health officials and add a buffer to the decision making process.

MA WOR 5 02/15/2028 ranked on the Quote Volume list last week, increasing 1120% as Worcester COVID cases dropped 30% while Massachusetts cases plummeted 26%.

IG & HY Corporate Bond Summary

Lilly ICOS (1.375 9/14/2061) increased 8.4% from $75.51 to $81.81 last week after ascertaining an inventive step in treatment dosage for Cialis, a pharmaceutical product for the treatment of erectile dysfunction.

Country Garden (6.15 9/17/2025) decreased 15.6% from $83.23 to $70.23 last week after the real estate firm failed to generate sufficient investor demand for a potential $300 convertible bond.

Metals & Mining was one of the top performing industries last week with overall 5-year yields down 33 bps 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.

KLX Energy (11.5 11/1/2025) increased 17.5% from $54.02 to $64.46 last week given recent volatility in the energy sector due to the Russian-Ukrainian war.

Ukraine (9.75 11/1/2028) decreased 40.5% from $63.84 to $38.02 last week following the Russia-Ukraine war prompted by Russia’s invasion and continued attacks on the country.

Forest Products & Paper was the top performing industry last week with prices up 0.4% 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

Stay up-to-date with weekly summaries.

Stay up-to-date on the latest from Solve

Read the latest from our team

  • BDCs

    BDC Filing Season: Q1 2024 Week 2

    BDC Filing Season Recaps are written by Sourav Srimal, Andrew Robartes, and Nayan Raj

  • Municipals

    Municipal Bond Market Summary – Week Ending 5/10/24

    Our weekly newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.