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Joe Rennison

US Capital Markets Reporter
Email Joe Rennison @jarennison (link opens in a new browser window)
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  • Monday, 30 November, 2020
    Benchmark reform
    Banks set to be granted reprieve on US Libor cut-off deadline

    Benchmark underpinning $200tn in contracts will be published as late as 2023 under new plan

  • Sunday, 29 November, 2020
    Capital markets
    Bond investors bet on battered companies surviving virus shock

    Turn in fortunes for borrowers beaten up by coronavirus as yields tumble

  • Saturday, 21 November, 2020
    AnalysisCapital markets
    Vaccine hopes clear path for riskier groups to tap capital markets

    Low-rated companies have been able to demand better terms from debt investors

  • Friday, 13 November, 2020
    Corporate bonds
    Investors race into US junk bond funds on rosier corporate outlook

    Pfizer vaccine development lifts prospects for riskier borrowers hit by the pandemic

  • Thursday, 12 November, 2020
    Revlon Inc
    Revlon staves off bankruptcy after clinching last-minute debt deal

    Billionaires Ron Perelman and Carl Icahn end duel over bond exchange

  • Thursday, 12 November, 2020
    Capital markets
    New York’s hotel crisis puts pressure on $4bn mortgage bond sector

    Industry body says potential Covid vaccine will provide no immediate relief to ‘comatose’ industry

  • Tuesday, 10 November, 2020
    AnalysisUS Treasury bonds
    Vaccine-led rise in bond yields ripples through markets

    Investors revisit assumptions about tech stock valuations and corporate borrowing costs

  • Monday, 9 November, 2020
    Mining
    World’s largest coal producer warns of bankruptcy risk

    Peabody Energy faces end-of-year deadline for negotiations with banks and bondholders

  • Monday, 9 November, 2020
    Corporate bonds
    US corporate credit joins in Covid vaccine rally

    Sentiment across bond and loan markets had already been lifted by US election

  • Promoted Content
  • Thursday, 5 November, 2020
    Markets brace for US election
    US election sucks air out of the reflation trade

    Prospect of divided Congress and more modest economic stimulus has had big effect on markets

  • Friday, 30 October, 2020
    PetSmart Inc
    PetSmart scraps debt deal after investor push back

    Pet supply chain hoped to borrow $4.7bn to end saga between private equity owner and lenders

  • Thursday, 29 October, 2020
    Corporate bonds
    Corporate bond market wavers ahead of US election

    Investors pull money from fixed income funds as pandemic worsens

  • Thursday, 29 October, 2020
    ExplainerDonald Trump
    All the president’s debts: to whom Trump owes money

    Debts of more than $1bn are tied to the Covid-struck commercial real estate market

  • Tuesday, 27 October, 2020
    High yield bonds
    Platinum Equity-owned label maker pulls risky PIK deal

    The $500m deal had been seen as one of the most aggressive to be brought to market in post-March financing boom

  • Friday, 23 October, 2020
    Corporate bonds
    Risky PIK deals pitched by private equity to yield-hungry investors

    Re-emergence of payment-in-kind bonds a sign of ‘frothy’ markets

  • Tuesday, 20 October, 2020
    United Airlines
    United throws ‘kitchen sink’ at investors to secure $3bn borrowing

    Goldman agrees to pay interest costs for 18 months if airline runs into trouble

  • Tuesday, 20 October, 2020
    Equities
    Wall Street rebounds as US stimulus deadline looms

    Investors remain focused on lockdowns and prospects for economic relief package

  • Friday, 16 October, 2020
    On Wall StreetProperty sector
    Apartments may be next trouble spot for property investors

    End of US stimulus programmes and moratoriums on evictions add to pressure on landlords

  • Thursday, 15 October, 2020
    Corporate bonds
    Ligado tests limits of bond markets with highest rate in 9 years

    US wireless communications group prepares to pay 17.5% interest rate

  • Tuesday, 13 October, 2020
    Equities
    Global stocks rally loses momentum as earnings season begins

    Setback in coronavirus medical trial and stark IMF warning hit market sentiment

  • Sunday, 11 October, 2020
    AMC Entertainment
    AMC rescue bonds hit in cinema crisis

    Group’s April issue has sunk to about 65 cents on the dollar

  • Monday, 28 September, 2020
    Special ReportFTfm: Fixed Income
    Tricky times follow US corporate borrowing binge

    Spate of sales is likely to dry up as US election nears and pandemic continues

  • Sunday, 27 September, 2020
    Property sector
    Destruction of value in US real estate revealed

    Commercial properties in difficulty are being valued at less than 75% previous level, appraisal data show

  • Sunday, 27 September, 2020
    ExplainerMarket Questions
    Will US jobs growth continue to weaken?

    Market Questions is the FT’s guide to the week ahead

  • 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

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