“We see rising headwinds to China’s growth in 2022,” Zerlina Zeng, senior research analyst at CreditSights Singapore LLC, wrote in a note. The firm expects the PBOC to focus on targeted credit-easing…
“We see rising headwinds to China’s growth in 2022,” Zerlina Zeng, senior research analyst at CreditSights Singapore LLC, wrote in a note. The firm expects the PBOC to focus on targeted credit-easing…
“For a long time we’ve had an improving economy and declining rates, kind of a risk-on market,” said Patrick Luby, municipal strategist at CreditSights. “We are now in a more cautious…
“When individual investors were the drivers of the market, every investor is different and you had this incredible diversity for buyers and sellers,” said Patrick Luby, municipal strategist at CreditSights. “Munis…
For the municipal-bond market, Puerto Rico’s debt exchange means there will now be billions of high-yield commonwealth general obligations that are paying and done with court-ordered restructuring. That may attract…
“UMich is a stronger credit, but of course it’s a much bigger tranche size,” said Patrick Luby, municipal strategist at CreditSights. “The weakness in U.S. Treasuries exaggerated the pressure on the…
“If harsher sanctions are implemented that prohibit holding all existing Russian sovereign debt, this could have a material impact on the ability of the CDS market to hold an auction,…
“It’s difficult to replicate the loss of high-yield issuance,” said CreditSights analyst Pramod Shenoi.
The amount of cash investors will receive from municipal bond payments in the next three months will be “significantly” less than February, according to CreditSights. The research firm estimates bondholders…
And while the risk premium in junk is rising and returns have been negative this year, Winifred Cisar, global head of strategy at CreditSights Inc., still sees market access for…