In this week’s market summaries, SolveQuotes composite data showed that EXELA TL B is this month’s Loan winner up 55.6% from $45.62 to $70.96, Michigan Tech University bonds dropped 5.5% and the Business Services industry was one of the top performing industries. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Monthly Bank Loan Market Summary

EXELA TL B is this month’s winner up 55.6% from $45.62 to $70.97 as the company’s Digital Mailroom and Drysign, two digital offering services, report a record addition of users in Q2.

CINEWORLD EUR TL B is this month’s loser down -9.0% from $87.77 to $79.91 as the company, alongside other leisure industries, continues to face setbacks and uncertainty regarding Delta variant and reopening.

Industry: Energy Oil & Gas was one of July’s top performers up .86% as high level of bond issuance and low borrow costs allow industry to continue to perform.

View the most recent Monthly Bank Loan Market Summary

Bank Loan Market Summary

WESTERN DENTAL TL B was this week’s top performer up 4.4% from $95.32 to $99.46 as the company indicates a stable outlook improving operating margins, improving liquidity, and reducing debts.

TELESAT TL B is this week’s loser down -2.5% from $93.28 to $90.98 and traded with a double-digit yield making it the biggest decliner in the U.S. dollar junk bond market.

Metals & Mining was this week top performing industry up 1.06% as steel and copper prices continue to rise at a record pace in part to product increases while shortages caused by supply change remain.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

BROOKINGS SCH DIST is on the Municipal Bond Winner list with a 2.1% price change from $109.84 to $112.11 after proposing making masks optional in schools.

Michigan Tech University bonds dropped 5.5% last week from $157.37 to $148.68 as the institution gears up for the fall.

NEW JERSEY ST TURNPIK topped our Most Quoted Muni list last week being quoted by 32 dealers after receiving a $10 million grant for opening up an avenue to access the Liberty State Park and Downtown Jersey City.

MET TRANS AUTH-C-REF had an 81% increase of Quote Volume from 54 to 98 after the reopening of New Jersey-bound lanes in the Lincoln Tunnel.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

AIG increased 2.7% from $140.18 to $143.96 last week after the company reported steady P&C underwriting improvement as personal lines comparisons ease and commercial price increases are absorbed in the market.

PETRPE decreased 3.9% from $107.40 to $103.17 last week as presidential elections in Peru continue to heighten political uncertainty over Peru’s oil sector.

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

PBFENE increased 5.5% from $49.17 to $51.88 last week after the company raised $2.6 billion in liquidity giving the energy company significant runway to ride out operating and working-capital cash burn through 2022.

EVERRE 11.5% 2023 decreased 26.7% from $58.36 to $42.81 last week as pressure mounts from Chinese authorities to resolve debt issues that plague the company and possibly represent a systemic risk given over $300 billion of liabilities.

Energy: Electricity was one of the top performing industries this week with prices down 1.8% 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