Municipal market technicals were already driving performance and so the strong quality bid has deepened the rally across the curve as the asset class really didn’t need to grab the U.S. Treasuries coattails all that tightly.
Goldman Sachs warns that U.S. businesses will not see earnings growth in 2020, as a result of the coronavirus. We check in with dealmakers on the potential impact on mid-market M&A. Arsenal buys healthcare search and communications firm. Audax, HarbourVest and Genstar named top three most active PE firms in U.S. deals.
Chris Mier, CFA of Loop Capital, says fiscal policy needs to achieve more at present and believes we are at a comfortable point in the credit cycle. Despite that conviction, he says the coronavirus will serve to slow growth. John Hallacy hosts.
Municipal bond yields were unchanged at record low levels, according to late reads.
Stock market volatility underscores fears of global shortages of manufactured goods due to the coronavirus. We check in with dealmakers on the potential impact. Corsair Capital raises fifth fund. Audax, HarbourVest and Genstar named top three most active PE firms in U.S. deals.
As COVID-19 fears run rampant, investors continued to sell off equities, resulting in muni yields again following Treasury yields down to all-time lows.
Mr. Cooper Group reported fourth-quarter net income of $461 million, aided by the recovery of its deferred tax asset and a positive mark-to-market on its servicing portfolio.
Audax, HarbourVest and Genstar ranked as the top three most active private equity firms in 2019, based on the volume of completed deals in the U.S., according to PitchBook. Cornerstone buys talent software firm. Searchlight and Forgelight purchase stake in Unvision. Intuit's Credit Karma acquisition is official. More deal news from IOP and Mondelēz.
Mergers & Acquisitions looks at the impact of the coronavirus on middle-market M&A. TurboTax maker Intuit is reportedly close to buying Credit Karma. Ghost kitchens attract investors.
A flight to safety that saw funds in short-term bonds and utilities add cash as coronavirus dominated headlines has given way to a vigorous rally.