In this week’s market summaries, SolveQuotes composite data showed that Energy Oil and Gas was a top performing industry, Muni continue to Decliners outpaced Advancers, and the UK pushes back plans to lift COVID-19 restrictions. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

MITEL NETWORKS 2ND LIEN TL MITL increased 3.3% from $54.80 to $56.60 last week following Destiny’s announced acquisition of Telepo and Soluno making them the largest European UCass platform.

SINCLAIR BROADCAST GROUP INC. TL B decreased -8.0% from $67.53 to $62.16 last week as the company searches for financing options for a key new streaming platform.

Energy Oil and Gas was the top performing industry over the past week up 0.9% as oil prices continue to hit record highs and driven by gains in Fieldwood Energy, Philadelphia Energy and Acteon Group loans.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

SAN JOSE CA ARPT REVENUE bonds were our top Muni Winner last week with a 4.8% increase to 107.83 as travel steadily increases and JetBlue airlines returns to the international airport.

DOWNEY UNIF SD-C lands on the Municipal Bond ‘Loser’ list with a -2.4% price change over the past week to 92.66 after news that funding will be diverted to the police rather than schools next year.

Muni ‘Decliners’ continue to outpace ‘Advancers’ during the last full week of June, 6:1 as muni bond prices are overwhelmingly quoted lower each day.

Hawaii was the weekly Muni Bond State ‘Winner’ ending the week with a 1.53% 10 yr yield.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

DOW 7.75% 10/1/2096 increased 6.9% from $163.47 to $174.73 last week as the company enhances transparency on ESG priorities coupled with general optimism surrounding industrial companies as Biden’s Infrastructure Deal grows closer.

MRWLN 4.75% 7/4/2029 decreased 9.4% from $122.04 to $110.62 last week as the U.K. continues to push back plans to lift remaining COVID-19 restrictions and prices rise on consumer staples.

Containers, Packaging, and Glass was the top performing industry last week with yields dropping 92 bps chiefly driven by a significant rise in demand for packaging across all industries.

SMLP 9.5 PERP increased 9.9% from $66.17 to $72.72 last week after the company raised it’s 2021 EBITDA guidance 6% and indicated that net debt declined by $26 million over the past quarter.

AMC 5.875 11/15/2026 decreased 4.0% from $80.49 to $77.24 last week as momentum slows and retail traders fight to bring AMC and other troubled companies back to life.

The automotive industry was among one of the top performing industries last week up 0.15% despite rising raw material costs for production.

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