Corporate Bonds
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.
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.
Investment Grade Corporate Bond Market Summary – Week Ending 1/7/22
Tsinghua Unigroup (6.5 1/31/2028) increased 6.2% from $64.07 to $68.07 last week after getting the green light for its debt restructuring from most firm creditors and shareholders.
High Yield Corporate Bond Market Summary – Week Ending 1/7/22
Nostrum Oil & Gas (8 7/25/2022) increased 37.4% from $18.50 to $25.42 last week after the company agreed to a financial restructuring of its unsecured notes.