“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,…
Market research firm CreditSights in a report last week said that risks to municipal governments include increased flood risk at high tides and during storms.
A new report from CreditSights Inc. noted that risks will only increase for coastal issuers of municipal bonds as increased flooding at high tides and during storms may impact these areas.
“However, amidst the negative indicators, there has been selective buying,” said Pat Luby, CreditSights‘ senior municipal strategist. “Net flows into municipal bond ETFs have been positive for the last two calendar…
Pat Luby, senior municipal strategist at CreditSights, said the discrepancy stems from ICI’s and Lipper’s different methodologies to compile their reports. Luby said the Lipper numbers are always helpful because of…
“The reserve and pension action are modest in scope, but positive and symbolic of the state’s fiscal improvement,” CreditSights said in a brief review of the proposed Illinois budget authored by John…