Today: September 08, 2024
Today: September 08, 2024

Latest From Matt Tracy

Business|Finance

US corporate borrowers rush to bond market post-Labor Day

U.S. corporate borrowers flooded the investment-grade and junk bond market on Tuesday, getting ahead of expected market volatility on this month's rates decision by the

US corporate borrowers rush to bond market post-Labor Day
Business|Economy|Finance

US corporate bond issuance jumps after brief pullback

U.S. corporate borrowers flooded the market for new bond sales on Wednesday after sitting on the sidelines earlier in the week due to a spike in borrowing costs.

Business|Finance|Stock Markets

US junk and corporate bond spreads surge in sign of market fears

U.S. junk bond spreads over yields on risk-free Treasuries widened further on Monday, after ending last week with the biggest daily points surge since March 2023, indicating

US junk and corporate bond spreads surge in sign of market fears
Business|Economy

US office delinquencies ticked higher in June, ratings agencies say

The delinquency rate among U.S. office loans rose in

US office delinquencies ticked higher in June, ratings agencies say
Business|Economy

New era of private credit growth highlights its opaque nature, Moody's says

The rapid growth of private credit lending beyond its traditional market highlights its opaque nature and potential concerns among regulators about its future risks to the U.S

New era of private credit growth highlights its opaque nature, Moody's says
Business|Economy

Portfolio managers expect worse credit conditions in Q3, survey shows

Portfolio managers at the world's largest global financial institutions expect credit conditions to worsen over the next three months, according to a survey by the

Portfolio managers expect worse credit conditions in Q3, survey shows
News

US office loan payoff rate rises in first two months of 2024

The payoff rate on maturing U.S. office loans packaged in commercial mortgage-backed securities (CMBS) spiked in January and February from last year, according to

Economy|News

Geopolitical tensions are US credit investors' top concern, BofA survey says

Geopolitical risk topped the list of concerns among U.S. corporate credit investors, according to a new survey by BofA Global Research.

Business|Economy

Novel protection could curb loopholes in junk debt deals, Moody's says

Stressed junk-rated companies were coming up with new ways to restructure their debt which benefited some creditors over others but protections to close loopholes in deal

Novel protection could curb loopholes in junk debt deals, Moody's says
Business

January set to break record as busiest for new US corporate bonds

The month is poised to be the busiest January on record for new U.S. corporate bond sales, with two regional banks on Monday adding to what has been a rush of post-earnings

January set to break record as busiest for new US corporate bonds
Business

Repeat offenders made up 40% of US corporate defaults in 2023, Moody's says

Around 40% of U.S. companies that defaulted on their debt obligations in 2023 had previously done so, according to a new report from credit ratings agency Moody's.

Repeat offenders made up 40% of US corporate defaults in 2023, Moody's says
Business

US banks face loss risk from multi-family property loan exposure, says Fitch

U.S. banks with significant lending exposure to some multi-family properties and particularly rent-controlled housing are vulnerable to posting losses this year on

US banks face loss risk from multi-family property loan exposure, says Fitch
Business

Corporate junk debt defaults hit post-pandemic high in February

Defaults among U.S. corporate junk debt issuers reached a post-pandemic high in February, JPMorgan said in a new research report.

Corporate junk debt defaults hit post-pandemic high in February
Business

January saw record US leveraged loan issuance - JPMorgan

This January broke a record in gross U.S. institutional leveraged loan issuance, as companies took advantage of a decline in borrowing costs, according to a Thursday report

January saw record US leveraged loan issuance - JPMorgan
Business

US regional banks get solid welcome for new bonds

Two major U.S. regional banks raised a total $4.75 billion selling bonds on Thursday, on the back of strong demand in a sign that fixed income investors are no longer jittery

US regional banks get solid welcome for new bonds
Business

More junk-rated US companies to default in Q1, Moody's forecasts

Defaults by U.S. companies with low junk credit ratings are likely to rise further in the first quarter of 2024, according to a Thursday report by credit rating agency

More junk-rated US companies to default in Q1, Moody's forecasts
Business

Big US banks to headline corporate bond calendar after earnings

U.S. banks are expected to dominate corporate bond issuance following several major players' earnings on Friday and early next week, according to bond investors and analysts.

Big US banks to headline corporate bond calendar after earnings
Business

US corporate bond issuance to slow after strong start to 2024

U.S. corporate bond market issuance is projected to slow next week from a hectic start to the year after economic data sent mixed signals on Friday but tempered expectations

US corporate bond issuance to slow after strong start to 2024
Business

More junk-rated companies downgraded than upgraded in October -JPM

More U.S. high-yield bond issuers saw downgrades to their credit ratings than upgrades last month, JPMorgan said in a research report.

More junk-rated companies downgraded than upgraded in October -JPM
Business

Ford credit rating upgrade to boost demand for US investment-grade bonds -analysts

The restoration of Ford Motor Co's investment-grade credit rating this week after almost four years as a "junk"-rated company is set to boost demand for high-quality U.S.

Ford credit rating upgrade to boost demand for US investment-grade bonds -analysts
Business

US corporate bond spreads widen as hopes dim for soft landing

U.S. corporate bond spreads widened on Tuesday and are expected to widen further after the latest jobs data helped confirm many investors' expectations of higher-for-longer

US corporate bond spreads widen as hopes dim for soft landing
Business|Economy

Insurers to build private credit exposure in coming years, Moody's finds

Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to a new report by Moody's Ratings.

Insurers to build private credit exposure in coming years, Moody's finds
Business|Economy

Global corporate defaults doubled from March to April, S&P finds

Global corporate debt defaults more than doubled in April from March to their highest monthly tally since October 2020, according to a report from S&P Global Ratings.

Global corporate defaults doubled from March to April, S&P finds
Business|Economy

US high yield spreads still tight despite pick-up in distress

Spreads on U.S. high yield bonds, or the premium companies pay over U.S.

US high yield spreads still tight despite pick-up in distress
Economy

Three of 'Big Six' U.S. banks tap bond market post-earnings

Three of the six largest U.S. banks announced new bond issues on Tuesday, kicking off an expected heavy week for new bank debt.

Three of 'Big Six' U.S. banks tap bond market post-earnings

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