In this week’s market summaries, SolveQuotes composite data showed that the entertainment industry faces renewed concerns, universities navigate opening in the fall with evolving vaccination and mask requirements and political uncertainty begins over Peru’s oil sector. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

AMERICAN AIRLINES TL B was last week’s top performer up 2.1% from $97.15 to $99.51 as the airline shows optimistic signs in both earnings reports and providing steady progress in both domestic and international routes.

NATIONAL CINEMEDIA TL B1 ranked as a top loser last week, down -1.6% from $91.47 to $90.04 as the entertainment industry faces renewed concerns surrounding Covid-19 and Delta variant.

Energy: Oil & Gas continues as a top performing industry due to continued demand expectations, strong oil and natural gas prices, and free cash flow that is expected to be deployed towards reducing debt and investor distributions.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

DALLAS TX AREA RAPID increased 2.2% from $133.94 to $136.86 last week as Texas transportation was awarded an $89 million infrastructure deal.

EAST CAROLINA NC UNIV decreased -3.23% from $107.91 to $104.43 as colleges and universities navigate opening in the fall with evolving vaccination and mask requirements.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

RAGB continues to increase; up 4.5% from $100.52 to $105.02 last week following the European Central Bank’s decision to extend the phase of faster bond-buying through the summer to ensure economic rebound. Sovereign issuance is due from Austria, among other European countries, and combined supply is estimated around EU19b.

PETRPE decreased 2.3% from $109.96 to $107.40 last week as presidential elections in Peru heighten political uncertainty over Peru’s oil sector.

Containers, Packaging, and Glass was the top performing industry last week with yields dropping 114 bps chiefly driven by a significant rise in demand for packaging across all industries.

BUENOS increased 11.5% from $39.14 to $43.65 last week following Argentina’s central bank ruled out increasing interest rates to combat rising currency pressures and as inflation climbs above 50%.

AMC decreased 7.6% from $68.24 to $63.04 last week as momentum slows and retail traders fight to bring AMC and other troubled companies back to life.

The Business Services industry was the top performing industry last week given the pace of expansion of business activity across the eurozone boosted by looser pandemic restrictions and higher vaccination rates.

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