When new issue supply picks up or secondary market selling surges, CreditSights strategists said, “long-duration bond prices and spreads would be subject to greater volatility, which should present an opportunity…
The value of the municipal bond market decreased by 4.3% in the third quarter of 2022, said Pat Luby, a strategist at CreditSights.
Coming into 2022, there was “probably a little bit more constructive optimism about the market,” after market participants went through “a lot of professional and personal trauma from the pandemic,”…
Patrick Luby, Senior Market Strategist, Municipal Market Strategist at CreditSights, and John Ceffalio, Senior Research Analyst at CreditSights join Lynne Funk, Executive Editor at the Bond Buyer for a podcast.
In the latest week, despite volatility in UST and equities, improved market technicals “have stoked demand for bonds with convexity and spread,” said CreditSights strategists Pat Luby and John Ceffalio….
CreditSights strategist Pat Luby said his estimate is closer to the $350 billion end of the spectrum than $500 billion. He said what’s important for the market is the pace…
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…
“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…