Josyana Joshua

1 week ago | bloomberg.com | Amanda Albright |Elizabeth Rembert |Josyana Joshua

The Trump administration announced it would cancel $400 million of federal grants and contracts to Columbia University in March. (Bloomberg) -- The Trump administration is ratcheting up its attack on Harvard University and higher education institutions, threatening the safest segment of the US corporate bond market.

1 week ago | news.bloomberglaw.com | Amanda Albright |Elizabeth Rembert |Josyana Joshua

The Trump administration is ratcheting up its attack on Harvard University and higher education institutions, threatening the safest segment of the US corporate bond market. Harvard, which has more than $4 billion of taxable debt outstanding, and other prestigious schools make up the bulk of borrowers in the top-rated corporate bond index, joining Microsoft Corp. and Johnson & Johnson.

1 week ago | bloomberg.com | Josyana Joshua |Ethan Steinberg

Pedestrians outside of the New York Stock Exchange. (Bloomberg) -- Companies are expected to sell nearly another $1 trillion of high-grade bonds in the US this year, and timing those sales is harder than it’s been in years, as tariff policy changes spur market turmoil. This year, there have been 22 days with no investment-grade bond sales, one of the highest of the last decade, worse even than during the early part of the Covid-19 pandemic, data compiled by PitchBook show as of April 9.

1 week ago | news.bloomberglaw.com | Josyana Joshua |Ethan Steinberg

Companies are expected to sell nearly another $1 trillion of high-grade bonds in the US this year, and timing those sales is harder than it’s been in years, as tariff policy changes spur market turmoil. This year, there have been 22 days with no investment-grade bond sales, one of the highest of the last decade, worse even than during the early part of the Covid-19 pandemic, data compiled by PitchBook show as of April 9.

1 week ago | bloomberg.com | Josyana Joshua

(Bloomberg) -- A popular method of buying and selling baskets of corporate bonds, known as portfolio trading, remained strong during the recent volatility triggered by tariffs, according to a report from analysts at Barclays Plc. The continuing demand for the strategy stands in contrast to previous moments of turmoil, like the market panic of March 2020, when portfolio trading volumes dropped sharply, analysts Zornitsa Todorova and Andrea Diaz Lafuente wrote in a note Tuesday.