Archive for August, 2017

Crowded Trade in Corporate Bonds

Wednesday, August 9th, 2017

Via Bloomberg: Record Set; Clients Hold the Most Corporate Bonds Since 1999 2017-08-09 16:55:35.338 GMT By Robert Elson (Bloomberg) -- Client allocations to corporate bonds jumped to 37.1% in the latest week vs 36.9%, according to the SMR Money Manager Survey Asset Allocation. The previous high of 37.0% was seen in June 2017 and also in August 2016. * ...

Prodigious Corporate Deal

Tuesday, August 8th, 2017

Via Bloomberg: The Smoking Hot Bond Deal of the Summer Is On Its Way: Gadfly 2017-08-08 10:20:28.782 GMT By Marcus Ashworth and Mark Gilbert (Bloomberg Gadfly) -- It's enough to give any treasurer a smoker's cough: launching the third-biggest fundraising ever during the August lull, in an industry that's been roiled by regulators, by a company that's ...

CMBS Stumble

Thursday, August 3rd, 2017

Via Bloomberg: Grocery CMBS Stumble Suggests Repricing After Amazon-Whole Foods 2017-08-03 11:56:49.192 GMT By Adam Tempkin (Bloomberg) -- Investors gained concessions on the first commercial mortgage bond backed by grocery-anchored centers since Amazon announced it was buying Whole Foods Market, suggesting a repricing of CMBS risk after that transformational deal. * Spreads on the bond, sold by Madison International ...