In this week’s market summaries, SolveQuotes composite data showed that CINEWORLD TLB went down -0.7% as movie theater chains declined, and coal, natural gas, and electricity prices move as the the NorthWest experienced a massive heatwave. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

PEABODY ENERGY TLB increased 3.1% from $68.17 to $66.08 as the company is expected to benefit from the continued economic recovery.

CINEWORLD TLB is down -0.7% from $87.51 to $86.86 as movie theater chains declined led by AMC’s decision to postpone their secondary share offering vote out of fears the “meme trade” may split the shareholder base and provide complications in future equity offerings for the sector.

Transportation Cargo was this week top performing industry with a gain of 1.1% last week, led by PASHA GROUP TL B and HARVEY GULF EXIT TL.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

UNIV VA-A-TXBL moved up 4.4% from $102.60 to $98.23 after issuing $400 million of bonds to finance projects aimed to improve the university’s medical facilities.

PR GO SER B REOFFER decreased -1.7% from $90.54 to $92.07 as Puerto Rico gets closer to resolving its bankruptcy issues with plans to restructure $22 billion of debt.

ENERGY N W WA ELEC RE was one of the most quoted Municipal Bonds (24 dealers) as the NorthWest energy providers struggle to provide reliable electricity amidst a massive heatwave.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

RAGB 0.85% 2120 increased 6.6% from $91.36 to $97.43 last week following the European Central Bank’s decision to extend the phase of faster bondbuying through the summer to ensure economic rebound. Sovereign issuance is due from Austria, among other European countries, and combined supply is estimated around EU19b.

Morrison Supermarkets (MRWLN 4.75% 2029) decreased 7.2% from $110.19 to $102.31 last week as M&A rumors abound and equity soars despite the bond taking a hit.

Metals & Mining had a strong week with overall 5yr yields down 11 bps led by gains across the industry as the global economy continues to strengthen.

BTU 6.375% 2025 increased 5.1% from $73.63 to $77.40 last week as the company announced the repurchase of $13 million of 8.5% notes as coal prices move up along with natural gas as the economy improves and heat wave blasts the NorthWest.

EVERRE 11.5% 2023 decreased 7.1% from $71.21 to $66.19 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.

Chemicals, Plastics & Rubber industry was among the top performing industries last week with prices up 0.23% driven by an increase in industrial production measures and output.

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