In this week’s market summaries, SolveQuotes composite data showed that Retail was this past week top performing industry, up .19% as digital shopping and brand names popularity accelerates and Talen Energy increased 8.24%after the passage of Pennsylvania’s digital infrastructure legislation. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

LIGHTSTONE GENERATION LLC TL B is this week’s winner, up 3.4% from $74.84 to $77.35 as the group remains atop the list of distressed issuers despite the recent decline in the supply of distressed securities which had previously seen steady weekly growth.

JO-ANN STORES TL B is this week’s loser, down -1.6% from $98.23 to $96.68 as rising shipping costs add to pricing pressure in some cases forcing the fabric and crafts retailer to spend 10 times more than its historical cost to move products.

Retail was this past week top performing industry, up .19% as digital shopping and brand names popularity allow the industry to further accelerate along with the implementation of many other pandemic related adjustments demonstrating a promising future.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

PR GO RFDG-PUB IMPT- is this week’s winner, up 2.95% from $80.25 to $82.61 as Cuba’s Cimba and Mexico’s drug and medical device marketer Neuronic Mexicana announced a joint venture that seeks to increase the value of biotechnology products by financing clinical trials in underdeveloped countries.

MET WASHINGTON DC ARP ranked on the Quote Volume list this past week, increasing from 6 to 53 quotes as Fitch Ratings affirms the Long-Term rating at ‘AA+’ and upgrades the Short-Term rating to ‘F1+’ from ‘F1.”

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

Lagardere (MMBFP) increased 5.5% from $99.07 to $104.52 last week after Vivendi agrees to buy Amber Capital’s stake in the company to create media empire.

Austria Republic’s (RAGB) bonds decreased 3.8% from $96.58 to $92.89 last week following the European Central Bank’s decision to extend the phase of faster bond-buying through the fall following a spike in COVID cases across Europe.

Chemicals, Plastics & Rubber industry was among the top performing industries last week with overall 5yr yields down 9 bps driven by an increase in industrial production measures and output.

Talen Energy Corp. (TLN) increased 8.24% from $46.17 to $49.97 last week after the passage of Pennsylvania’s digital infrastructure legislation which provides tax exemptions for data center investments.

Evergrande Group (EVERRE) decreased 16.4% from $34.75 to $29.05 last week given growing investor angst about China’s real estate crackdown rippling through markets. The developer is relying on a government bailout from Chinese authorities to raise cash and resolve $7.4 billion of bonds due in 2022.

Energy: Oil and Gas was the top performing industry this week with prices up 0.5% 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