In this week’s market summaries, SolveQuotes composite data showed that CINEWORLD TLB went down -3.8% as concerns over the Delta variant arise, MET TRANSPRTN AUTH-A1 as mass transit begins to ramp up to pre-pandemic numbers and Automotive industry was among the top performing industries. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

LIMETREE BAY TL B is this week’s top performer up 4.0% from $73.04 to $75.94 as the refinery has filed for Chapter 11 reorganization as it looks to engage in talks with lenders, creditors, and investors to discuss potential selling of assets and refineries futures.

CINEWORLD TL B is this week’s loser down -3.8% from $93.39 to $89.83 amid concerns over the Delta variant and related restrictions.

Energy: Oil and Gas was this week’s top performer as record numbers in issuance of energy bonds coupled by low borrowing costs continue to fuel record success in the industry.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

PUERTO RICO ELEC PWR increased 3.7% from $88.60 to $91.87 last week due to concerns of the stability of the electric grid and power outages increase as hurricane season is off to a fast start.

VIRGINIA ST HSG DEV A decreased -2.6% from $104.40 to $101.65 after Moody’s assigned a Aa1 rating, proposing $30 million in Rental Housing Bonds.

MET TRANSPRTN AUTH-A1 was on the Top Quote Volume Movers list last week, increasing by 480%, from 10 to 48 while New York mass transit ramps up coming out of the pandemic.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

DOW SILICONES increased 8% from $165.45 to $178.77 last week as the chemical company continues to enhance transparency on ESG priorities and progress.

AESGEN decreased 2% from $102.14 to $100.11 last week following legislation from the Chilean deputy chamber that aims to phase out coal plants by 2025.

The Automotive industry was among the top performing industries last week with overall yields down 5 bps led by the Biden Administration’s efforts to enhance policy support for electric vehicles in the $1.2 trillion bipartisan infrastructure framework.

EXELA TECHNOLOGIES continues to soar, increasing 8.46% from $71.31 to $77.34 last week after the technology firm completed a $100 million equity offering that will be used to retire debt.

PBF HOLDING decreased 14.7% from $65.56 to $55.91 as the energy sector continues to fall behind other industry peers.

Energy: Oil and Gas was the top performing industry this week with prices down 0.79% as companies, policy makers and regulators continue to make more collaborations across the energy spectrum.

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