Volatility of the broad fixed-income indices continues to exceed “pre-pandemic levels, making it more expensive for dealers to hedge their inventories, adding to the incentive for them to take a…
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CreditSights said the bonds should be considered largely an LADWP credit given that it is the biggest power user among the 30 entities that have entered into 50-year take-or-pay power sales…
CreditSights strategists Pat Luby and John Ceffalio said as municipal bond yields climbed last week, spreads for the ICE municipal credit indices widened. The single-A, triple-B, and high-yield indexes all widened…
CreditSights senior municipal strategists Pat Luby and John Ceffalio said after last week’s outperformance of munis relative to corporates, the advantage of tax-exempts over comparably rated corporate bond after-tax yields has…
Institutional bids wanted volume on Bloomberg was the heaviest since the week ended April 3, 2020. The total par amount out for the bid was $6.3 billion, more than double…
“The aid has enabled Puerto Rico’s economy to perform much better post-Maria period than it did in the 12 years leading up to the storm,” said CreditSights Senior Municipals Analyst John Ceffalio….
Because munis underperformed corporates last week, some taxable investment-grade investors may have a limited window of opportunity to add munis to their portfolios, said CreditSights strategists Pat Luby and John Ceffalio.
“If recent crime headlines cause the new CTA bonds to come cheaper, long-term investors should use this as an opportunity to add bonds. The CTA bonds are backed by sales…
Recent university century bond deals will serve as a bellwether check going forward to gauge market appetite for risk, CreditSights said.
Last week was a busy trading week. The total amount of par value traded was up 31% from the previous week and more than 50% greater than the one-year average,…