NEWS ROOM

GET OUR MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Top Insights of the Week:
Ending 4/22/22

Top weekly insights from Solve Advisors’ Bank Loans, Municipal Bond, and Corporate Bond market summaries.

In this week’s market summaries, SolveQuotes composite data showed that . Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Bank Loan Market Summary

J Jill Group Inc loan price improved by 19.1% from $70.90 to $84.42 as the combination of earnings estimate revisions and recent company success demonstrates a positive outlook.

Schur Flexibles GMBH loan price dropped 15.9% from $64.61 to $54.35 following a ratings downgrade last month from B2 to Caa3 attributed to their negative outlook and higher risk of default.

Municipal Bond Market Summary

City of Decatur Macon County, Illinois General Obligation Bonds, Series 2002 (IL) 4% 03/01/42 increased .70% from $100.73 to $101.44 following a busy week on the Street last week in which the security traded a total of 13 times totaling almost $4 million notional volume.

Board of Trustee of the University of Central Arkansas Student Fee Revenue Bonds Series 2020A (AR) 3% 11/01/44 decreased 6.7% from $79.53 to $74.09 as the cash strapped university plans program cuts to address recent revenue challenges.

City of Minneapolis and Housing and Redevelopment Authority of the City of Saint Paul, Minnesota Health Care System Revenue Refunding Bonds, Series 2019 5% 11/15/27 ranked high on the Quote Volume list, increasing 2350% following two trades totaling $6 million between two parties.

IG & HY Corporate Bond Summary

American Campus Communities’ 2.85% 02/01/30 (Ticker: ACC) bond price increased 3.5% last week after Blackstone announced the acquisition of the largest publicly traded owner and developer of student housing in the U.S.

Country Garden’s 3.3% 01/12/31 (Ticker: COGARD) bond price decreased 11.1% last week after the Chinese property giant released financial results for 2021, showing a 24% profit drop despite beating forecasts.

The Democratic Socialist Republic of Sri Lanka’s 5.75% 04/18/23 (Ticker: SRILAN) bond price increased 9.3% last week after protests incited independent MPs to begin proposing amendments to the constitution.

Revlon’s 6.25% 8/1/24 (Ticker: REV) bond price decreased 18.6% last week after Wall Street research analysts lowered Q3 2022 EPS estimates for the company.

The Telecommunications industry was one of the top performing industries last week with overall prices up 0.2% given continued advancement in IT and global database automation efforts.

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

Stay up-to-date with weekly summaries.

Stay up-to-date on the latest from Solve

Read the latest from our team

  • Municipals

    Municipal Bond Market Summary – Week Ending 4/19/24

    Our weekly newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.

  • Corporates

    Investment Grade Corporate Bond Market Summary – Week Ending 4/19/24

    Our weekly newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.