Pat Luby, senior municipal strategist at CreditSights, revised his predictions down from $480 billion to $410 billion in a report published Wednesday. In late May, he expected total issuance to be…
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“We believe that the CWRU deal will benefit from being priced a corporate bond, as the pool of potential buyers is much larger than for the taxable municipal bond market…
Spread widening may provide a cushion against headwinds such as slow business travel demand, rising fuel costs and inflationary pressures, especially because any economic slowdown would harm airports more quickly…
Still, CreditSights analyst James Goldstein kept an Underperform rating on Gap following the recent results. Based on the updated guidance, he expects adjusted full-year earnings before interest, taxes, depreciation, and amortization could…
As has been the trend in recent months, total issuance for May was down year-over-year. Pat Luby, senior municipal strategist at CreditSights, pointed to the sharp increase in yields in the…
The deal sizes were also small, as onshore corporate bond issues tend to top Rmb500m. The average size of onshore bond issues by developers in the first quarter was Rmb1.5bn,…
“Due to the lagging performance of the tax-exempt market, the ratios of muni versus taxable bond yields increased last week,” said CreditSights strategists Pat Luby, John Ceffalio and Sam Berzok.
Peer Spic is a frequent borrower, with its $500m 5.8% perpetuals becoming callable on 21 May. CreditSights analysts said in a note last week that the company cited “issues caused by Covid-19…
CreditSights had put a “market outperform” label on the deal. “We find the current levels for Illinois attractive, especially when compared to other states and even local bonds,” read a report…
Creditsights Global Head of Credit Strategy Winnie Cisar says the Federal Reserve may reassess its interest rate path should credit markets start pricing bonds too wide. “We’re in the approach to…