In this week’s market summaries, SolveQuotes composite data showed that Prices in the Energy: Oil & Gas sector increased 3.30% as energy crisis brought on by the Russia – Ukrainian war and Plantronics’ price increased 3.4% following the announcement to be acquired by HP Inc. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Monthly Bank Loan Market Summary

J.JILL Group’s (Ticker: JILL) Term Loan B Tranche increased 19.7% from $69.75 to $83.45 as the company surpassed Q4 earnings and revenue estimates.

Hilding Anders’ Payment In Kind Term Loan Tranche B decreased 34.4% from $74.80 to $49.05 as the Swedish bedmaker’s sales slumped in Q1 due to the ongoing war between Russia and Ukraine.

Loan prices in the Energy: Oil & Gas sector increased 3.30% as the energy crisis brought on by the Russia – Ukrainian war, leads to historically high prices in crude oil worldwide.

View the most recent Monthly Bank Loan Market Summary

Bank Loan Market Summary

Plantronics’ (Ticker: POLY) Term Loan’s price increased 3.4% from $95.78 to $99.07 following the announcement that the company has agreed to be acquired by HP Inc.

The Envison Healthcare Payment—In-Kind, Term Loan Tranche B’s price 5.0% from $69.53 to $66.06 as creditors’ confidence has declined regarding the healthcare medical group’s ability to repay debt after trading in the distressed-debt territory at the beginning of last month.

Wholesale industry loans increased 0.45% as inflationary prices soared to record highs in March, impacting the cost of groceries, gas, and more showing little relief for consumers.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

The New York City Housing Development Corp’s Housing Revenue bonds, NY HSG 3.15 11/1/2054 price increased 2.6% from $89.20 to $91.51 following the completion of over 200 affordable homes in East New York, Brooklyn.

CA CAS 5.00 03/01/2034 decreased -4.6% from $123.58 to $117.87, as municipal bonds are expected to drop more than 6% chiefly due to rising interest rates.

NC ALA 5.00 05/01/2027 ranked on the Quote Volume List last week, increasing 279% after receiving a portion of $750 million in funding to combat the opioid epidemic.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

Country Garden Holdings COGARD 4.8% 8/6/30 price increased 25% from $55.22 to $69.07 last week after the property giant acquired dozens of properties across China, a sign that it is one of the few private developers that has managed to avoid major liquidity issues since the Evergrande collapse.

The Transportation: Cargo industry was one of the top performing industries last week with overall 5-year yields decreasing 62 bps given emerging sustainability trends in freight and logistics. 

Sunac China Real Estate’s SUNAC 6.5% 1/10/25 price increased 40.7% from $17.93 to $25.23 last week after the property developer was granted a two-year extension on a $628M loan.

Wesco Aircraft Holdings WAIR 9. % 11/15/26 144A price decreased 20.2% from $82.91 to $66.15 last week given the airline company’s ongoing cash crunch as it continues to grapple with a high debt load.

Insurance was the top performing industry last week with prices up 12.1% given continued talks of a proposed overhaul of insurance sector regulation by different entities in Europe to create a more tailored and dynamic regime.

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

IG & HY CDS Summary

Japan’s 5-year CDS spread displayed a high volatility last month, with the Japanese Yen tumbling to a seven year low as the Bank of Japan continued to ease monetary policy belligerently, diverging further from the Federal Reserve’s hawkish stance.

A rather dramatic spike in the Retail CDS spread was observed, with many western brands pullingout of Russia. Citing reasons like reputational damage, public support for Ukraine, logistical challenges, and licensing complexities with the new sanctions in place, retail brands immediately followed suit in restricting their sales in Russia, which was once an important market for their products and a crucial source of growth for the sector. At stake for giants like McDonalds, Nike and Apple (to name a few) is billions in lost sales.

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