That was for last year, according to an analysis from CreditSights. It’s by far the tightest correlation since 1998, when the bond index was created. Before 2020, the average correlation was…
$545 Billion in Investment-Grade U.S. Corporate Debt Set to Mature in 2021 That is according to an analysis from CreditSights. About half of that debt is owed by banks and other…
The typical gap between yields on U.S. corporate bonds with a BBB3 rating (the lowest tier of “investment grade” debt) and yields on corporate bonds with a BB1 rating, just…
On the bright side, the MTA has about $5.2 billion of liquidity on hand, with about $2 billion of that in cash, according to Patrick Luby, analyst with CreditSights.
$640 Billion in New Investment Grade Corporate Bonds Have Been Issued So Far This Year by U.S. Companies That is according to an analysis from CreditSights. It’s the biggest year for…
The twist is that these bonds are going to be backed by spare parts and engines, along with 352 older aircraft. CreditSights analyst Roger King argues that’s a stretch. “We believe this is…
CreditSights says that it sees “no logical buyers here,” though Exelon could also spin out a new company to existing shareholders. In other words, “we don’t see an easy solution…
The long-term median spread between high-yield bonds and Treasuries is 4.85 percentage points, according to CreditSights.
Muni investors saw a $22 billion cash “wave” last week from maturing and called securities, according to CreditSights, a greater sum than investors are expected to receive in all of September….
Over the longer term, questions remain about the sustainability of PG&E’s business. And its future dividends depend on its ability to make payments on its roughly $40 billion of debt,…