Top Insights of the Week: Ending 1/21/22
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
High Yield Corporate Bond Market Summary – Week Ending 1/21/22
Sinclair’s Diamond Sports Group (12.75 12/1/2026) increased 37.4% from $56.12 to $77.09 last week given swings to company profits last quarter and continued recovery across the advertising landscape.
Investment Grade Corporate Bond Market Summary – Week Ending 1/21/22
Lilly ICOS (1.375 9/14/2061) increased 17.7% from $70.84 to $83.36 last week after ascertaining an inventive step in treatment dosage for Cialis, a pharmaceutical product for the treatment of erectile dysfunction.
Municipal Bond Market Summary – Week Ending 1/21/22
PR PRC 5.25 07/01/2030 increased 2.5% from $99.63 to $102.13 as the territory’s municipal bankruptcy is coming to an end after receiving approval for the debt-reduction plan.
Syndicated Bank Loan Market Summary – Week Ending 1/21/22
AMERICAN AIRLINES TL B increased 1.4% from $96.23 to 97.58 as the airline reports narrower than expected Q4 losses indicating improving air-travel demand.
Top Insights of the Week: Ending 1/14/22
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
Syndicated Bank Loan Market Summary – Week Ending 1/14/22
CINEWORLD TL B increased 1.9% from $76.02 to $77.48 after reporting positive cash flow in Q4 credited to several large movie releases and increased attendance near pre-pandemic levels.
Municipal Bond Market Summary – Week Ending 1/14/22
PR PRC 5.5 07/01/2018 increased 3.9% from $97.50 to $101.25 after indications that the judge overseeing the islands bankruptcy is set to accept a modified debt restructuring plan.
High Yield Corporate Bond Market Summary – Week Ending 1/14/22
Agile Property (5.75 1/2/2025) decreased 39.26% from $51.82 to $31.29 last week after being downgraded by S&P amid growing investor fear of more defaults and price declines across property bonds.
Investment Grade Corporate Bond Market Summary – Week Ending 1/14/22
Qatar National Bank increased 5.2% from $105.87 to $111.41 last week after boosting the money set aside in provisions and signaling caution over the main international markets in which it operates.