The U.S. bond market selloff resumed Monday, driving 10-year yields to a 16-year high.
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“We see the debt ceiling as a tactical risk to our more bullish call on spreads,” analysts at CreditSights Inc. wrote, pointing to previous standoffs that caused spreads to widen…
The measures will help liquidity of local government financing vehicles “in weak provinces, especially those with limited local financial/banking resources” and broader market sentiment onshore for LGFV bonds, according to…
The self-led sale “may help thaw bank primary markets,” CreditSights Inc. analyst Jesse Rosenthal wrote in a note. “We continue to see strong value in the US banks and would…
Concerns about Adani finances started making headlines last year, when research firm CreditSights termed it “deeply overleveraged.” The group countered the claim by saying companies had reduced their debt burden.
There are often also other incentives for purchasing portfolio company debt, according to CreditSights’s global head of strategy Winnie Cisar.
“Where we are in the interest rate environment is not an exciting time to say, ‘I should be putting money into munis right now,’” said Pat Luby, a senior municipal…
As part of such a transaction, the company needs to enter into a trade known as an interest-rate swap with a bank, which essentially turns the bond the corporation issued…
“The banks are probably breathing a sigh of relief especially those that were committed to the unsecured piece,” said Davis Hebert, senior analyst at CreditSights Inc. “It would’ve been difficult…
The ratings upgrade, “that affirms what the market has recognized, that the state’s political leadership has shown a willingness to address the accumulated financial problems,” said Patrick Luby, a CreditSights…