Corporate Bonds
High Yield Corporate Bond Market Summary – Week Ending 7/23/21
BUENOS increased 11.5% from $39.14 to $43.65 last week following Argentina’s central bank ruled out increasing interest rates to combat rising currency pressures and as inflation climbs above 50%.
Investment Grade Corporate Bond Market Summary – Week Ending 7/23/21
RAGB continues to increase; up 4.5% from $100.52 to $105.02 last week following the European Central Bank’s decision to extend the phase of faster bond-buying through the summer to ensure economic rebound. Sovereign issuance is due from Austria, among other European countries, and combined supply is estimated around EU19b.
High Yield Corporate Bond Market Summary – Week Ending 7/16/21
EXELA TECHNOLOGIES continues to soar, increasing 8.46% from $71.31 to $77.34 last week after the technology firm completed a $100 million equity offering that will be used to retire debt.
Investment Grade Corporate Bond Market Summary – Week Ending 7/16/21
DOW SILICONES increased 8% from $165.45 to $178.77 last week as the chemical company continues to enhance transparency on ESG priorities and progress.
High Yield Corporate Bond Market Summary – Week Ending 7/9/21
BTU 6.375% 2025 increased 5.1% from $73.63 to $77.40 last week as the company announced the repurchase of $13 million of 8.5% notes as coal prices move up along with natural gas as the economy improves and heat wave blasts the NorthWest.
Investment Grade Corporate Bond Market Summary – Week Ending 7/9/21
RAGB 0.85% 2120 increased 6.6% from $91.36 to $97.43 last week following the European Central Bank’s decision to extend the phase of faster bondbuying through the summer to ensure economic rebound. Sovereign issuance is due from Austria, among other European countries, and combined supply is estimated around EU19b.