MCDERMOTT exited bankruptcy last week. The company's TL B ranked as the #1 loan "loser" ($35.19) and also as a top Quote Volume Mover.
#HAWAII Airport Bonds experienced a surge in interest last week with a 475% increase in quote volume.
Consumer Transportation rallied 9.3% in June, outpacing the average loan increase of 2.3%, driven by airline price advances.
Muni Sentiment decliners continued to outpace advancers for the second half of June.
Bid Offer Volume decreased last week, with Total Offers decreasing by 23.6% and Total Bids by 22.1%, likely due to the start of the lighter volume Summer season.
The state of Minnesota Muni bonds rallied to last week's top State "winner" (+1.61%) after being the top "loser" (-1.87%) the prior week.
The Retail industry continues to struggle when compared to the overall Bank Loan market, with an average price 900bps lower than the broader loan market.
New York Muni Bonds accounted for the majority of the Most Quoted bonds last week, being quoted by over 30 dealers.
AMERICAN AIRLINES TL B was one of top quoted Bank Loans last week, being quoted by 15 dealers. The bid price also increased over 13% from the week prior, ranking the Leveraged Loan as one of the top "winners" as well.
NYC TRANSITIONAL FIN landed on both the Top Quote Volume Movers and Top Quoted Munis last week with a 920% weekly increase in quote volume from 28 banks/dealers.