The San Francisco bank has revised its guidance downward, while also cautioning that an outbreak of the coronavirus could take an even bigger bite out of profits in 2020.
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.
Establishing protocols before you face a public health emergency can mitigate stress and panic.
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.
As the COVID-19 virus spreads globally, many U.S. financial institutions are said to be taking steps to protect employees and minimize disruption. But only a handful are sharing specifics, to avoid contributing to any public panic.
Municipal bond yields were unchanged at record low levels, according to late reads.
Attention is focused on the impact COVID-19 may have on economic growth in the United States in the short and long term.
Mortgage application volume rose last week, but with the 10-year Treasury yield tanking in recent days, growth in refinancings for the current period is quite likely, according to the Mortgage Bankers Association.
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.