CreditSights views the enrollment declines as worrisome and a risk factor for future downgrades even though it considers default risk low. The use of a conduit outside Michigan also reduces…
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“Supply for this week is expected to be very light and demand will get a modest boost from $24 billion of principal and interest that will be paid out on…
The state’s GOs “should be rated higher than they are currently given the large and wealthy economy, sizable reserves, shrinking liabilities, and improved governance,” said John Ceffalio, a senior municipal…
Pat Luby, senior municipal strategist at CreditSights, revised his predictions down from $480 billion to $410 billion in a report published Wednesday. In late May, he expected total issuance to be…
“We believe that the CWRU deal will benefit from being priced a corporate bond, as the pool of potential buyers is much larger than for the taxable municipal bond market…
As has been the trend in recent months, total issuance for May was down year-over-year. Pat Luby, senior municipal strategist at CreditSights, pointed to the sharp increase in yields in the…
“Due to the lagging performance of the tax-exempt market, the ratios of muni versus taxable bond yields increased last week,” said CreditSights strategists Pat Luby, John Ceffalio and Sam Berzok.
CreditSights had put a “market outperform” label on the deal. “We find the current levels for Illinois attractive, especially when compared to other states and even local bonds,” read a report…
“Princeton is not alone in having tapped the corporate market,” Patrick Luby, senior municipal strategist at CreditSights, said. “M.I.T., Harvard, Northwestern, Stanford, Duke, and Yale all have at least $1 billion of corporate-CUSIP debt outstanding….
“The constant barrage of bids-wanteds is a new source of supply into the market, competing with the new-issue calendar for investors’ attention and dealers’ capital,” according to CreditSights‘ weekly report.