Latest news with #WinnieCisar
Bloomberg
5 days ago
- Business
- Bloomberg
Stocks Gain on US Jobs Surprise as Treasuries Fall
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Winnie Cisar, Creditsights, Danielle Moran, Bloomberg News, Rohit Chopra, Federal Trade Commission, Anthony Chukumba, Loop Capital, Omair Sharif, Inflation Insights, Alix Steel, Bloomberg News, Tony Roth, Wilmington Trust, Sally Bakewell, Bloomberg News, Jessica Inskip, Mary Ross Gilbert, Bloomberg Intelligence, Sophia Webster, Luxury Shoe Designer, Lorraine Hutchinson, Bank Of America, Brett Rose, United National Consumer Suppliers. (Source: Bloomberg)
Bloomberg
16-05-2025
- Business
- Bloomberg
Cisar, Lynam on Credit Spreads, Debt Issuance
CreditSights Global Head of Credit Strategy Winnie Cisar and BlackRock Head of Macro Credit Research Amanda Lynam discuss credit spreads and debt issuance in an interview with Dani Burger on "Real Yield." (Source: Bloomberg)
Reuters
06-05-2025
- Business
- Reuters
Stressed US companies restructured more debt in April
May 6 (Reuters) - Debt restructuring by financially stressed U.S. companies rose nearly 60% in April, data from JPMorgan showed on Tuesday, as businesses faced pressure from rising tariffs, inflation and capital markets volatility. These operations are called distressed exchanges or liability management exercises and occur when companies in distress renegotiate or restructure their debt rather than filing for bankruptcy. BY THE NUMBERS There were $3.5 billion distressed exchanges in April compared to $2.2 billion in March and $1.6 billion in February, JPMorgan said. The first-quarter total was $8.4 billion. The volume of bonds trading with yields of more than 1,000 basis points over U.S. Treasuries rose by $18.4 billion in April over the prior month to $94.6 billion, JPMorgan said. That was a 10-month high and represented 7.2% of junk bonds, up from 6.6% a year earlier. WHY ITS IMPORTANT The data reflects deteriorating fundamentals that have forced companies to seek alternatives to bankruptcy. KEY QUOTES Winnie Cisar, global head of strategy at CreditSights, said, 'A big catalyst for continued LME is optimism that after a period of turbulence, a company's operations will turn around or events causing the uncertainty may end up in a resolution. This optimism could be misplaced in many cases.' Ian Feng, senior covenant analyst at research firm Covenant Review, expected the pace of these operations to remain brisk "particularly if macro-economic factors including looming trade wars and various hotspots of regional instability continue to foment chaos across economic markets." Edward Best, co-head of capital markets group at Willkie Farr & Gallagher, said LMEs typically give companies one to two years to fix their underlying problems. Reporting by Shankar Ramakrishnan; Editing by Cynthia Osterman
Bloomberg
22-03-2025
- Business
- Bloomberg
US Chaos Helps to Pull China Debt Out of Doldrums
US market turmoil triggered by tariffs and a slowing economic outlook is boosting the appeal of Chinese corporate debt that less than six months ago was considered uninvestable by some credit managers. 'There's been a lot more focus on China,' Winnie Cisar, global head of strategy at CreditSights, said on the Credit Edge podcast this week. 'The US seems to be sneezing an awful lot lately and the rest of the world is saying: Well how do we mask up and try to defend ourselves against this?'
Bloomberg
21-02-2025
- Business
- Bloomberg
A Lot of Optimism Priced Into Credit Spreads: Cisar
CreditSights Global Head of Credit Strategy Winnie Cisar and JPMorgan Private Bank Global Credit Strategist Ashley Allen speak to Bloomberg's Sonali Basak about historically tight spreads and risk appetite on "Bloomberg Real Yield." (Source: Bloomberg)
