Tag: Corporate Debt/Bond Markets
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Why the debt ceiling standoff is a worry for insurance companies
[ad_1] Banks and insurance companies still have time to come to grips with their commercial real-estate exposure, but the clock is ticking on the debt-ceiling standoff, said Rich Sega, global chief investment strategist at Conning. “We are still in the early days on that,” Sega said of potential stress from a weakening commercial real-estate market.…
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Stanley Druckenmiller warns of U.S. hard landing at Sohn conference
[ad_1] Macroeconomic concerns are piling up, creating heightened uncertainty for investors. “The debt-ceiling debate is really depressing,” said Stanley Druckenmiller, chairman and chief executive of Duquesne Family Office, at the 2023 Sohn Investment Conference held virtually on Tuesday. “I hope we don’t have a technical default,” he said, which would result in a “market event.”…
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First Republic bond prices suggest rocky road ahead for bank as it readies Q1 results
[ad_1] Trading in First Republic Bank corporate debt signals a rise in bearish sentiment for the bank in the weeks leading up to its first-quarter earnings update on Monday. Yields on First Republic Bank’s FRC 4.375% 2046 bonds steadily climbed in early April to nearly 10% on April 16, up from about 9% early in…
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Walmart borrowing $5 billion in debt highlights a thaw in a crucial area of financial markets
[ad_1] Mega retailer Walmart borrowed $5 billion in the corporate bond market on Wednesday, with strong investor demand dialing back borrowing costs for the national chain. Walmart WMT, a big-box retailer with AA credit ratings, was initially expected to raise about $4 billion, but increased its borrowing size and trimmed pricing after order books shaped…