“The announced buyback is a reminder that all strategic decisions will be taken by Masa Son, who in the face of market uncertainty continues to put SoftBank equity over creditors,…
Patrick Luby, senior municipal strategist at CreditSights, said it would not surprise him if mutual funds are raising cash and driving the increase in the block size sales of $10…
That compares with generic spreads for U.S. investment-grade corporate bonds that had widened to about 229 basis points as of Friday, from about 132 basis points on March 3, according…
Corporate bond markets are also arguably more dependent on credit ratings than during the last global crisis. CreditSights reckons that companies rated BBB now account for half of U.S. investment-grade…
Also hard-hit are lower-rated, speculative-grade corporate bonds. There, spreads over Treasurys are up 3.91 percentage points this year as of Friday, to 7.27%. More than 55% of speculative-grade corporate bonds…
"Having the credit lines in place is not the same as having the cash on their books," said Pramod Shenoi, a former debt capital markets banker who now works at…
Research firm CreditSights estimates that moves by the Fed on Sunday will free up between $400 and $600 billion in bank capital to bolster their ability to lend during the pandemic. The…
“It is hard to guess how much of [the estimated supply] will actually come to market given the current market volatility,” said Patrick Luby, senior municipal strategist at CreditSights. “The taxable…
The largest fourteen U.S. banks will have the capacity to pump at least $500 billion of cash into businesses by way of fulfilling corporate credit lines, according to fixed income…
Ford, with one junk rating already, may get another sooner than expected as the virus hurts demand for cars, according to research firm CreditSights. Either company would instantly become the largest high-yield issuer if its…