BNN Bloomberg Archives - ׶Ƶ Know More. Risk Better.® Tue, 05 Sep 2023 13:43:32 +0000 en-US hourly 1 /wp-content/uploads/cropped-favicon-512x512-1-32x32.png BNN Bloomberg Archives - ׶Ƶ 32 32 Treasury 10-year real yield tops 2% for the first time since 2009 https://www.bnnbloomberg.ca/treasury-10-year-real-yield-tops-2-for-first-time-since-2009-1.1961640#:~:text=(Bloomberg)%20%2D%2D%20The%20US%20bond,Reserve%20winds%20up%20its%20hikes.#new_tab Tue, 22 Aug 2023 13:24:35 +0000 /?p=13928 The U.S. bond market selloff resumed Monday, driving 10-year yields to a 16-year high.

The post appeared first on ׶Ƶ.

]]> The U.S. bond market selloff resumed Monday, driving 10-year yields to a 16-year high.

The post appeared first on ׶Ƶ.

]]> Debt Ceiling in Focus as Banking Turmoil Persists: Credit Weekly https://www.bnnbloomberg.ca/debt-ceiling-in-focus-as-banking-turmoil-persists-credit-weekly-1.1916788#new_tab Sat, 06 May 2023 14:37:40 +0000 /?p=12954 “We see the debt ceiling as a tactical risk to our more bullish call on spreads,” analysts at ׶Ƶ Inc. wrote, pointing to previous standoffs that caused spreads to widen...

The post appeared first on ׶Ƶ.

]]> “We see the debt ceiling as a tactical risk to our more bullish call on spreads,” analysts at ׶Ƶ Inc. wrote, pointing to previous standoffs that caused spreads to widen even after they were resolved.

The post appeared first on ׶Ƶ.

]]> China Province Steps Up Effort to Seek State Help on Debt Woes https://www.bnnbloomberg.ca/china-province-steps-up-effort-to-seek-state-help-on-debt-woes-1.1911210#new_tab Mon, 24 Apr 2023 05:37:31 +0000 /?p=12663 The measures will help liquidity of local government financing vehicles “in weak provinces, especially those with limited local financial/banking resources” and broader market sentiment onshore for LGFV bonds, according to...

The post appeared first on ׶Ƶ.

]]> The measures will help liquidity of local government financing vehicles “in weak provinces, especially those with limited local financial/banking resources” and broader market sentiment onshore for LGFV bonds, according to ׶Ƶ senior analyst Zerlina Zeng. Guizhou has also working to have LGFV bank loans extended, so Cinda’s involvement “could help take some heat off the local banks,” she said.

The post appeared first on ׶Ƶ.

]]> Wells Fargo Sells $3.8 Billion in First Post-SVB Big Bank Sale https://www.bnnbloomberg.ca/wells-fargo-sells-3-8-billion-in-first-post-svb-big-bank-sale-1.1908817#new_tab Mon, 17 Apr 2023 18:16:00 +0000 /?p=12594 The self-led sale “may help thaw bank primary markets,” ׶Ƶ Inc. analyst Jesse Rosenthal wrote in a note. “We continue to see strong value in the US banks and would...

The post appeared first on ׶Ƶ.

]]> The self-led sale “may help thaw bank primary markets,” ׶Ƶ Inc. analyst Jesse Rosenthal wrote in a note. “We continue to see strong value in the US banks and would be buyers of the Wells Fargo deal.”

The post appeared first on ׶Ƶ.

]]> Four Charts Map Adani Group’s Debt Pile, Reliance on Global Banks for Funding https://www.bnnbloomberg.ca/four-charts-map-adani-group-s-debt-pile-reliance-on-global-banks-for-funding-1.1908851#new_tab Mon, 17 Apr 2023 18:13:43 +0000 /?p=12592 Concerns about Adani finances started making headlines last year, when research firm ׶Ƶ termed it “deeply overleveraged.” The group countered the claim by saying companies had reduced their debt burden.

The post appeared first on ׶Ƶ.

]]> Concerns about Adani finances started making headlines last year, when research firm ׶Ƶ termed it “deeply overleveraged.” The group countered the claim by saying companies had reduced their debt burden.

The post appeared first on ׶Ƶ.

]]> Private Equity’s Latest Money-Making Trade: Buying Its Own Debt https://www.bnnbloomberg.ca/private-equity-s-latest-money-making-trade-buying-its-own-debt-1.1906708#new_tab Wed, 12 Apr 2023 18:23:17 +0000 /?p=12600 There are often also other incentives for purchasing portfolio company debt, according to ׶Ƶ’s global head of strategy Winnie Cisar.

The post appeared first on ׶Ƶ.

]]> There are often also other incentives for purchasing portfolio company debt, according to ׶Ƶ’s global head of strategy Winnie Cisar.

The post appeared first on ׶Ƶ.

]]> Muni Demand Keeps Sliding as Rate Uncertainty Shakes Confidence https://www.bnnbloomberg.ca/muni-demand-keeps-sliding-as-rate-uncertainty-shakes-confidence-1.1906973#new_tab Wed, 12 Apr 2023 18:20:33 +0000 /?p=12598 “Where we are in the interest rate environment is not an exciting time to say, ‘I should be putting money into munis right now,’” said Pat Luby, a senior municipal...

The post appeared first on ׶Ƶ.

]]> “Where we are in the interest rate environment is not an exciting time to say, ‘I should be putting money into munis right now,’” said Pat Luby, a senior municipal strategist at ׶Ƶ.

The post appeared first on ׶Ƶ.

]]> A Quirky Bond Trade Is Giving Companies a Back Door to Cut Borrowing Costs https://www.bnnbloomberg.ca/a-quirky-bond-trade-is-giving-companies-a-back-door-to-cut-borrowing-costs-1.1890946#new_tab Fri, 03 Mar 2023 18:34:24 +0000 /?p=11646 As part of such a transaction, the company needs to enter into a trade known as an interest-rate swap with a bank, which essentially turns the bond the corporation issued...

The post appeared first on ׶Ƶ.

]]> As part of such a transaction, the company needs to enter into a trade known as an interest-rate swap with a bank, which essentially turns the bond the corporation issued into a floating-rate obligation, similar to a loan, ׶Ƶ strategists led by Winnie Cisar wrote. The swap needs to have a particular feature: the bank needs to be able to cancel it any time after a year, an option similar to the company’s right to buy back its bonds after a year.

“There’s a strong likelihood that investment bankers and debt capital markets teams are out pitching these transactions with the swap,” Cisar said in an interview on Friday.

The post appeared first on ׶Ƶ.

]]> Wall Street Wins LBO-Debt Reprieve as FCC Imperils Tegna Deal https://www.bnnbloomberg.ca/wall-street-wins-lbo-debt-reprieve-as-fcc-imperils-tegna-deal-1.1888869#new_tab Mon, 27 Feb 2023 16:08:06 +0000 /?p=11545 “The banks are probably breathing a sigh of relief especially those that were committed to the unsecured piece,” said Davis Hebert, senior analyst at ׶Ƶ Inc. “It would’ve been difficult...

The post appeared first on ׶Ƶ.

]]> “The banks are probably breathing a sigh of relief especially those that were committed to the unsecured piece,” said Davis Hebert, senior analyst at ׶Ƶ Inc. “It would’ve been difficult for them to sell or syndicate the unsecured part of the structure.”

The post appeared first on ׶Ƶ.

]]> Illinois Wins Upgrade to Highest S&P Credit Rating Since 2016 https://www.bnnbloomberg.ca/illinois-wins-upgrade-to-highest-s-p-credit-rating-since-2016-1.1887569#new_tab Thu, 23 Feb 2023 16:14:52 +0000 /?p=11547 The ratings upgrade, “that affirms what the market has recognized, that the state’s political leadership has shown a willingness to address the accumulated financial problems,” said Patrick Luby, a ׶Ƶ...

The post appeared first on ׶Ƶ.

]]> The ratings upgrade, “that affirms what the market has recognized, that the state’s political leadership has shown a willingness to address the accumulated financial problems,” said Patrick Luby, a ׶Ƶ strategist. “However, the future is not without challenges, and Illinois’ composite rating remains the lowest among all of the states. Investors should rightly continue to expect spreads for the state’s GOs to be wider than its peers.

The post appeared first on ׶Ƶ.

]]>