In this week’s market summaries, SolveQuotes composite data gave insight into the market recovery within retail sales, decisions to change Harvard’s admission polices that were backed by the Supreme Court, and an increased demand for coal. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

J. Jill Group’s 5% 5/8/2024 bond price increased 6.3% from $72.37 to $77.55 following an earnings report indicating sales soared by 33% in the fiscal quarter ending May 2021 as retail sales continue to rebound as the U.S. reopens.

Limetree Bay saw a -4.2% decline from $88.60 to $84.92 as company could be facing bankruptcy following failure to pay on loan payments and withdrawal from many investors.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

PUERTO RICO PUB BLDGS AUTH REV 5.00% 07/01/22 took the second spot on the Municipal Bond ‘Winners’ list last week as bond trading surged more than 25x the average.

MASSACHUSETTS ST DEV FIN AGY 5.00% 07/15/34 made headlines regarding the Supreme Courts input in a change in Harvard admission policies. The issuer experienced a -0.90% change in price last week ($121.14) compared to the week prior ($122.24).

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

BIIB 3.25% 2051 increased 5.79% from $93.83 to $99.26 over the past week following FDA accelerated approval of its Alzheimer’s drug candidacy.

BTU 6.375% 2025 increased 27.8% from $41.08 to $52.49 over the past week driven by both a credit ratings upgrade from S&P and increased demand for Peabody Energy’s coal as the economy increasingly reopens.

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