CreditSights News & Blog

BofA brings new bond in already busy year Nasdaq

BofA brings new bond in already busy year

CreditSights saw fair value at around 120bp over Treasuries on the new 11NC10s, comparing them…

Maria AcevedoArticle published date: July 24, 2020

Risks Remain, but PG&E Looks Undervalued After Exiting Bankruptcy. Here’s Why. Barrons

Risks Remain, but PG&E Looks Undervalued After Exiting Bankruptcy. Here’s Why.

Over the longer term, questions remain about the sustainability of PG&E’s business. And its future…

Maria AcevedoArticle published date: July 23, 2020

For Battered Junk Bond Market, an Old Risk Grows Louder Each Day Bloomberg

For Battered Junk Bond Market, an Old Risk Grows Louder Each Day

Ford, with one junk rating already, may get another sooner than expected as the virus hurts demand for cars,…

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PG&E May Need to Sell More Stock to Reorganize After Rout (1) Bloomberg

PG&E May Need to Sell More Stock to Reorganize After Rout (1)

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Investment-Grade Bonds Could Turn to Junk Amid Global Rout Wall Street Journal

Investment-Grade Bonds Could Turn to Junk Amid Global Rout

The crunch at the bottom of the investment-grade market is being magnified because there are…

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Will America’s Biggest Banks Pass Their Coronavirus Test? Forbes

Will America’s Biggest Banks Pass Their Coronavirus Test?

The largest fourteen U.S. banks will have the capacity to pump at least $500 billion…

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Another Problem For the Fed: Banks Pressured as Clients Scramble for Cash MorningStar

Another Problem For the Fed: Banks Pressured as Clients Scramble for Cash

"Having the credit lines in place is not the same as having the cash on…

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U.S. Treasury Yields Lower After Fed Cuts — Update MorningStar

U.S. Treasury Yields Lower After Fed Cuts — Update

Research firm CreditSights estimates that moves by the Fed on Sunday will free up between $400 and…

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Despite Fed cut, global markets roiled; short-end munis face pressure as investors seek cash Bond Buyer

Despite Fed cut, global markets roiled; short-end munis face pressure as investors seek cash

“It is hard to guess how much of will actually come to market given the…

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Investors Hunt for Corporate-Bond Winners in Coronavirus Economy MorningStar

Investors Hunt for Corporate-Bond Winners in Coronavirus Economy

Also hard-hit are lower-rated, speculative-grade corporate bonds. There, spreads over Treasurys are up 3.91 percentage…

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Virus crisis is distorted replay of 2008 meltdown Reuters

Virus crisis is distorted replay of 2008 meltdown

Corporate bond markets are also arguably more dependent on credit ratings than during the last…

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Hospitals putting bond issues on hold amid COVID-19 outbreak Modern Healthcare

Hospitals putting bond issues on hold amid COVID-19 outbreak

Stanford's postponed issuances include about $420 million tax-exempt debt and about $520 million in taxable…

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Bank of America, Exxon, Verizon among a rash of companies prying open corporate bond spigot for funding MarketWatch

Bank of America, Exxon, Verizon among a rash of companies prying open corporate bond spigot for funding

That compares with generic spreads for U.S. investment-grade corporate bonds that had widened to about…

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Large trades on the rise as mutual funds look for liquidity Bond Buyer

Large trades on the rise as mutual funds look for liquidity

Patrick Luby, senior municipal strategist at CreditSights, said it would not surprise him if mutual…

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Son’s Empire Wobbles as Credit Rout Hits SoftBank Debt Load Bloomberg Quint

Son’s Empire Wobbles as Credit Rout Hits SoftBank Debt Load

“The announced buyback is a reminder that all strategic decisions will be taken by Masa…

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Coronavirus Has ‘Warren Buffett Of Japan’ On The Ropes As SoftBank Takes Dive Forbes

Coronavirus Has ‘Warren Buffett Of Japan’ On The Ropes As SoftBank Takes Dive

It also worries analysts like Mary Pollock of CreditSights that Son “continues to put SoftBank…

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Weird price dislocations are shaping the $4.1tn US municipal bond market Business Fast

Weird price dislocations are shaping the $4.1tn US municipal bond market

According to Patrick Luby of CreditSights: “The latest data on the flow of funds shows non-US…

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Worst Muni Rout Since 1984 Deepens Even With Treasury Gain Bloomberg

Worst Muni Rout Since 1984 Deepens Even With Treasury Gain

“Municipal bonds are supposed to be the safe asset,” said Patrick Luby, who tracks the…

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These 10 Companies’ Bonds Are Trading Like They’re Distressed. That Shouldn’t Happen. Barrons

These 10 Companies’ Bonds Are Trading Like They’re Distressed. That Shouldn’t Happen.

Service Properties Trust (SVC): This real-estate investment trust used to be called Hospitality Properties Trust, if…

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Municipalities Face Short-Term Cash Crunch, Pushing Up Borrowing Costs Barrons

Municipalities Face Short-Term Cash Crunch, Pushing Up Borrowing Costs

The iShares Muni ETF looks more liquid than muni bonds, however. And that means the…

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