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.
Exchange-traded funds saw another round of inflows at $1.002 billion versus $1.068 billion of inflows the week prior. Exchange-traded funds have seen $1 billion-plus inflows three times so far this year,…
Exchange-traded funds saw massive inflows at $1.068 billion — the largest figure since at least 2013, according to Pat Luby, a municipal strategist at CreditSights — versus $43 million of inflows the week…
CreditSights Senior Municipals Analyst John Ceffalio said he generally agreed with the Moody’s piece. But he added, “The bankruptcy and PROMESA are reminders that Congress can preempt territorial laws and…