Caleb Mutua
@CalMutua
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Corporate Finance Reporter at @business | Haiku Poet | Urban/ Street Photographer | @columbiajourn alumnus | Opinions Are My Own
New York, NY
Joined April 2009
Wall Street is still mostly run by white men. But in investment-grade bond market, some companies are trying to level this long-lopsided playing field by pushing the biggest and richest banks to support smaller women- and minority-owned banks. My latest!
bloomberg.com
Companies push big banks to partner with more diverse firms.
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NEW: We followed one man through the deportation process. 129 days, 6 facilities, 3 flights. For the first time, we've calculated what his experience cost taxpayers (1/2) w/ @elena___mejia @irencs @FolaAk:
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JPMorgan Chase reports that $1.2T of debt is now tied to AI-related companies, making it the largest segment in the investment-grade market (@calmutua / Bloomberg) https://t.co/wQ5zznJgK7
https://t.co/o3yoOIbcKo đź“« Subscribe:
techmeme.com
Caleb Mutua / Bloomberg: JPMorgan Chase: debt tied to AI-related companies hits $1.2T, making it the largest segment in the investment-grade market at 14%, surpassing US banks at 11.7%
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Credit portfolio trading is booming -- closing in on ETFs. The two feed off each other, says Barclays: “Take ETFs out of the picture, and portfolio trading wouldn’t exist.” @CalMutua @luwangnyc
https://t.co/nQJt8OMlCo
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Apollo, Ares and Carlyle purchased the first bond that offloads risk from bank loans extended to private credit funds known as business development companies. Another twist for SRT markets and BDCs. With @CalMutua
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“No government—regardless of which party is in power—should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue.” - President Alan Garber
harvard.edu
No government—regardless of which party is in power—should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue
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It's getting more expensive to trade corporate bonds.
bloomberg.com
Bond dealers started demanding higher compensation for the risk of trading investment-grade corporate debt after President Donald Trump’s trade war sent volatility racing through markets, according...
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Latest: Some of the biggest banks on Wall Street are taking advantage of relative calm in credit markets to borrow billions of dollars while they still can.
bloomberg.com
Morgan Stanley and rival JPMorgan Chase & Co. raised a combined $14 billion in the US investment-grade market on Monday, the first of the six biggest banks on Wall Street to tap primary debt markets...
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THE WORST DEFENSE OF THE TRUMP TARIFFS In today's Odd Lots newsletter, I wrote about how there are so many different arguments being put forth to explain or defend the tariffs. But the stuff about countering China's strategic tech dominance has to be the most egregiously bad.
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The additional yield over Treasury bonds that investors demand to hold debt from the largest and strongest US corporations could reach levels last seen during the 2020 financial turmoil caused by the global virus pandemic.
bloomberg.com
UBS Group AG strategists expect the impact of US President Donald Trump’s tariffs to push corporate-bond spreads to levels last seen during the early part of the pandemic.
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Bank of America put it best: “The biggest shock to global trade in modern times.” And there’s more pain ahead. https://t.co/HSgUYMSogp
bloomberg.com
Gauges for credit risk are signaling just how nervous investors are getting about what Bank of America Corp. analysts described as “the biggest shock to global trade in modern times.”
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Credit markets are now finally beginning to confirm the angst that has fueled a more than $5 trillion equity wipeout since late February @denitsa_tsekova @CalMutua
https://t.co/r1P5M4LtCD
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"An average of $46 billion of high-grade and junk bonds changed hands every trading day last year, up 21% from 2023, according to a report by @CoalitionGrnwch" https://t.co/fWapmWvI5p via @markets @CalMutua
bloomberg.com
Credit trading volumes reached a fresh record in 2024 and could hit a new high this year, potentially resulting in lower borrowing costs for US companies.
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Global sustainable bond sales reach $1 trillion in 2024 🟢4,490 offerings 🟢Green bonds $571 billion 🟢#Sustainability bonds $239.7 billion 🟢Issuance of sustainability-linked bonds dropped for a third year Story ➡️ https://t.co/xmFjGITXn4 (via @CalMutua @climate)
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A slew of blue-chip firms kicked off issuance in the US investment-grade primary debt market, as underwriters brace for what’s expected to be one of the busiest Januaries for bond sales
bloomberg.com
A slew of blue-chip firms raised a total of $15.1 billion in the US investment-grade primary debt market on Thursday, as underwriters brace for what’s expected to be one of the busiest Januaries for...
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BREAKING: *NVIDIA 3Q DATA CENTER REVENUE $30.8B, EST. $29.14B *NVIDIA SEES 4Q REV. $37.5B PLUS OR MINUS 2%, EST. $37.1B *THE AGE OF AI IS IN FULL STEAM SAYS NVIDIA'S HUANG https://t.co/nJXqkADQ8O
bloomberg.com
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Tight corporate bond spreads are here to stay!
bloomberg.com
US corporate bond investors will likely start 2025 with the most challenging valuation backdrop in decades, but attractive yields should keep the asset class compelling, according to analysts at...
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Boeing will be the biggest US corporate borrower to ever be stripped of its investment-grade ratings if it is cut to junk status
bloomberg.com
If cut to junk status, Boeing Co. will be the biggest US corporate borrower to ever be stripped of its investment-grade ratings and join junk bond indexes, flooding the high-yield market with a...
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The US high-grade primary market has gone from 0-100 fast! My latest:
bloomberg.com
Meta Platforms Inc. sold $10.5 billion of investment-grade bonds, its largest-ever debt sale, which will boost its cash pile as the company spends heavily on artificial intelligence.
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