The expansion of the nation’s vaccination campaign to younger adults is bolstering the outlook for higher education bonds amid growing optimism for a more normal return to campuses in the fall. Source: Bloomberg The Bloomberg Barclays index of the riskiest municipal securities for education — which includes those sold for student housing and other facilities…
In its March report, IIF said “a wave of downgrades from BBB- to sub-investment-grade could force institutional investors with strict investment grade mandates to reduce exposures abruptly, resulting in ‘fire sales’”. That moment has arrived. “In the U.S., 15% of investment-grade bonds are at risk of becoming fallen angels,” reports Addenda Capital’s Yanick Desnoyers. This…
Despite a mini-boom in the bond market, credit defaults are priced in. Companies are mercilessly sorted by recessions. The strongest credits grow stronger. The weakest investment-grade firms descend into junk territory. And the most frail speculative-grade firms go into default. Use Overbond’s market surveillance capabilities and trending financial ratios to monitor the credit landscape for…
Investment-grade corporate bond issuance has reached $140 billion this month, the second strongest January in the past decade behind 2017. Source: The Wall Street Journal Corporate bond prices pushed higher Friday, extending a rally that has spurred a wave of issuance by companies of all kinds. New bond sales by U.S. high-yield and investment-grade companies…
McDonald’s sold $2.3 billion of euro-denominated bonds last week as U.S companies take advantage of the eurozone’s cheap debt. Source: The Wall Street Journal A giant new buyer in the corporate-bond market–the European Central Bank–is set to cement a trend of American companies issuing debt on the continent. So great may be the flood, some analysts…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
