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Joe Rennison

US Capital Markets Reporter
Email Joe Rennison @jarennison (link opens in a new browser window)
Email Joe Rennison @jarennison (link opens in a new browser window)

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  • Friday, 25 September, 2020
    Commercial property
    Debt collectors bulk up to deal with US loan defaults

    Rise in distressed commercial mortgages puts special servicers in demand

  • Thursday, 24 September, 2020
    Capital markets
    Investors flee US junk bond funds as concern for the economy grows

    Asset class suffers its worst weekly outflow since first wave of the pandemic in March

  • Thursday, 24 September, 2020
    Private equity
    Private equity owners remove obstacle to M&A deals

    More creditors agree to ‘portability’, meaning they will not have to be paid back if company is acquired

  • Thursday, 17 September, 2020
    Private equity
    Private equity owners pile on leverage to pay themselves dividends

    TPG, Apax load companies with loans, seizing on strong demand for high-yielding debt

  • Wednesday, 16 September, 2020
    US economy
    US retail sales slowdown points to effect of stimulus withdrawal

    The deceleration in spending in August caught economists by surprise

  • Wednesday, 16 September, 2020
    AnalysisFund management
    Asset managers overhaul money market funds after March rout

    Shake-up is focused on ‘prime’ funds that buy short-term corporate debt

  • Monday, 14 September, 2020
    ExplainerCharts that Matter
    Pandemic debt binge creates new generation of ‘zombie’ companies

    Cheap borrowing helped companies through Covid-19 crisis, but repayments are set to be a burden

  • Friday, 11 September, 2020
    Corporate bonds
    Companies urged to issue debt in calm before US election

    Turbulent contest in early November could push up financing costs, advisers warn

  • Wednesday, 9 September, 2020
    AnalysisCorporate bonds
    US companies stretch out debts to lock in low rates for longer

    Fed-boosted bond binge involves $250bn of refinancings this year — almost double the rate of 2019

  • Promoted Content
  • Thursday, 3 September, 2020
    Markets Briefing
    US shares slide 3.5% as tech stocks go into sharp reverse

    Apple loses $150bn of market value in a day

  • Wednesday, 2 September, 2020
    Corporate bonds
    US corporate bond issuance hits $1.919tn in 2020, beating full-year record

    Companies have rushed to raise cash in a debt market boosted by the Fed

  • Monday, 31 August, 2020
    ExplainerCharts that Matter
    Pandemic sends real yields on corporate debt into negative territory

    Low interest rates and monetary stimulus drag down yields of high quality bonds

  • Sunday, 30 August, 2020
    AnalysisThe Big Read
    Pandemic exposes ‘severe stress’ in commercial property financing 

    Mortgage-backed securities fill a funding gap but as delinquencies rise investors are bracing for losses

  • Thursday, 20 August, 2020
    Executive Pay
    US companies award execs big bonuses before declaring bankruptcy

    ‘Retention’ payments for those running bust groups reward failure, say lenders

  • Tuesday, 18 August, 2020
    High yield bonds
    Yield-starved investors start to rummage in triple C-rated debt

    Fund managers plumb the depths as rally squeezes returns on higher quality bonds

  • Monday, 17 August, 2020
    Corporate bonds
    Carnival’s ‘strange’ bond could leave lenders adrift and unsecured

    Requirement of 25% cap on ratio of secured debt to assets could see collateral float away

  • Friday, 14 August, 2020
    Commercial property
    Commercial property market needs relief from the Fed, say analysts

    Exclusion of property owners from lending support programme is unjust, critics claim

  • Monday, 10 August, 2020
    High yield bonds
    Ball Corp breaks new ground with junk bond offering just 2.9%

    Can maker secures record-low borrowing costs for non-investment grade US company

  • Saturday, 8 August, 2020
    On Wall StreetCorporate bonds
    Central bankers are caught in a leverage trap

    Response to the coronavirus crisis has made a tricky problem harder to solve

  • Monday, 3 August, 2020
    Alphabet Inc
    Alphabet locks in record-low borrowing costs in $10bn deal

    Google parent leads charge into debt market as August issuance starts strong

  • Sunday, 2 August, 2020
    Blackstone Group LP
    Blackstone and TPG vehicles renegotiate debt

    Real estate investment trusts repay some borrowing to get more flexible terms

  • Saturday, 1 August, 2020
    High yield bonds
    US junk bonds notch up best month since 2011

    Yields sink and prices rise as investors pile into risky corporate debt

  • Saturday, 1 August, 2020
    High yield bonds
    Pimco warns ‘significant pain’ still lies ahead for malls and hotels

    Chief investment officer Dan Ivascyn steers clear of riskier types of commercial mortgage-backed bonds

  • Wednesday, 29 July, 2020
    Corporate bonds
    Cash-rich companies halve corporate bond issuance in July

    Borrowing binge to combat economic fallout from pandemic slows sharply

  • Friday, 24 July, 2020
    US economy
    Investors brace for consumer debt defaults if US relief stalls

    Delinquencies on car loans, credit cards and student loans have remained low so far

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