In this week’s market summaries, SolveQuotes composite data showed that PREIT ASSOCIATES EXIT 2ND LIEN TL is this week’s Loan winner, NEW JERSEY ST TURNPIK ranked as a Most Quoted Muni and Utilities: Oil & Gas was a top performing industry. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

PREIT ASSOCIATES EXIT 2ND LIEN TL is this week’s winner, up 16.6% from $44.16 to $51.50 after quarter two results in which they saw improvements in leasing pipeline, liquidity profile and leased mall space. Gains primarily accredited to the strong real estate market and desire of customers to return to in person shopping.

AT&T COLOCATION TL is this week’s loser, down -5.9% from $67.37 to $63.37 after being cut from a B3 rating to Caa1 by Moody’s. Outlooks suggest a struggle to retain an already dwindling customer base alongside a look to reposition and reduce their distressed debt pile.

Energy: Oil & Gas average industry price fell -2.68% from $90.26 to $87.84 as Delta variant concerns, especially among Asian regions, creates uncertainty around global energy demand.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

PORT AUTH NY & NJ-181 increased by 2.1% from $137.78 to $140.60 last week as news breaks of Amazon Global Air may be redeveloping air cargo facilities at Newark Airport.

PR-REF-A decreased -2.7% from $86.31 to $83.96 last week as Puerto Rico received 327k bbl of gasoline from Europe.

NEW JERSEY ST TURNPIK ranked on the Most Quoted Muni list being quoted by 32 dealers last week as the state begins $500k of advertisements to push to the 11% of highway drivers who don’t use E-ZPasses.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

AESGEN increased 6.6% from $56.14 to $59.82 last week, driven by accelerating growth in South American demand for renewables and energy efficiency applications and services, as well as an upgrade in their credit ratings from Moody’s, Fitch, and S&P.

Parker Hannifin Corp. (PH) decreased 2.9% from $121.39 to $117.90 last week after the motion control technologies and systems company provided a downbeat fiscal 2022 outlook that was below expectations.

Metals & Mining had a strong week with overall 5yr yields down 17 bps led by strong gains across the industry as the global economy continues to strengthen.

BUENOS increased 5.7% from $38.70 to $40.90 last week after Argentina’s central bank ruled out increasing interest rates to combat rising currency pressures and as inflation climbs above 50%.

EVERRE decreased 5.7% from $53.78 to $50.73 last week as pressure from Chinese authorities to resolve debt issues continues to mount, and possibly represents a systemic risk given over $300 billion of liabilities.

Utilities: Oil & Gas was a top performing industry last week with overall prices down 0.4% as supply of more innovative products in renewables and energy efficiency applications across geographies continues to increase.

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