Fund managers may be better equipped to weather the market storm than their passive peers because of their ability to quickly cut risk.
As fear and uncertainty over COVID-19 rapidly grow, it has sent yields for both municipals and Treasuries to never before seen low levels — begging the question if we could see zero or negative yields here in the States?
The Metropolitan Pier and Exposition Authority updated its latest offering statement to warn of the risk posed to its bottom line as did two systems with upcoming deals.
The world remains on edge about the rapidly spreading COVID-19 and those fears once again have Treasury yields digging down even deeper. COVID-19 fears have now impacted fund flows, as municipals suffers outflows for the first time in 60 weeks.
It was a busy day in the primary, as the markets continue to deal with crosscurrents of COVID-19 and election results.
Ample access to cash and debt, along with strong diversification strategies built into investment portfolios, will help asset managers and junk-rated corporate borrowers absorb any near-term substantial economic headwinds, according to Fitch Ratings.
The world’s pile of negative-yielding debt has grown as the economic backdrop soured and fears of a pandemic mounted.
As India’s first billion-dollar share sale in more than two years and the only credit card firm in the nation to go public, SBI Cards and Payment Services Ltd.’s float may exceed the $1.4 billion target. The question is by how much in the face of the coronavirus outbreak.
The municipal bond market is in for another action-packed week, with above-average issuance and COVID-19 still spreading rapidly.
The bloodbath in risk assets has intensified on deepening concerns about the economic fallout from the spread of the coronavirus.