Climate Bonds Initiative (CBI) identifies bonds from Visa, Con Edison, and others that identify as "green" but fail to meet the initiative's standards.
The $1.1 trillion money manager leans in to duration and higher ratings in credit, indicating a belief that interest rates won't rise substantially anytime soon.
"You entered the pandemic with dozens of U.S. high-grade companies carrying around $1 trillion of debt in aggregate, pledging to pay down debt or grow their way into lower leverage." That's going to be hard in this economy.
Analysts are trying to determine which companies will issue euro-denominated bonds, which tends to reduce leverage and risk premiums on the company's U.S. bonds.
Toyota Motor Corp. is borrowing US$2.5 billion through its finance company to help support the sale of clean cars, marking the first U.S. corporate green…
DebugScreen: mobile
{
"author": {
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"articles": [
{
"uri": "/2022/05/25/green-bonds-that-arent-adequately-green/",
"title": "Green Bonds That Aren't Adequately Green",
"byline": "Caleb Mutua",
"kicker": "News",
"prettyDate": "May 25, 2022",
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"name": "Caleb Mutua"
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],
"summary": "Climate Bonds Initiative (CBI) identifies bonds from Visa, Con Edison, and others that identify as \"green\" but fail to meet the initiative's standards.",
"body": null
},
{
"uri": "/2021/11/17/inflation-poses-high-risk-for-investment-grade-bonds/",
"title": "Inflation Poses High Risk for Investment-Grade Bonds",
"byline": "Caleb Mutua",
"kicker": "Analysis",
"prettyDate": "November 17, 2021",
"timeToRead": "6 minute",
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"authors": [
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"name": "Caleb Mutua"
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],
"summary": "The \"likelihood of a mid-cycle correction is high,\" particularly in the early part of next year, according to Morgan Stanley.",
"body": null
},
{
"uri": "/2021/09/20/americas-corporate-bond-binge-pauses/",
"title": "America's Corporate Bond Binge Pauses",
"byline": "Caleb Mutua & Michael Gambale",
"kicker": "News",
"prettyDate": "September 20, 2021",
"timeToRead": "5 minute",
"image": {
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"name": "Caleb Mutua"
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{
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"name": "Michael Gambale"
}
],
"kickerNode": [
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],
"summary": "Concerns about Chinese property developer China Evergrande Group led at least eight blue-chip companies to stop planned bond sales.",
"body": null
},
{
"uri": "/2021/06/04/will-the-fed-really-refrain-from-future-bond-market-involvement/",
"title": "Will the Fed Really Refrain from Future Bond Market Involvement?",
"byline": "Caleb Mutua, Paula Seligson & Craig Torres",
"kicker": "News",
"prettyDate": "June 04, 2021",
"timeToRead": "5 minute",
"image": {
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"authors": [
{
"webUrl": "/author/profile/caleb-mutua-paula-seligson/",
"name": "Caleb Mutua, Paula Seligson"
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{
"webUrl": "/author/profile/craig-torres/",
"name": "Craig Torres"
}
],
"kickerNode": [
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],
"summary": "As the Fed exits corporate credit, some investors expect a 'helicopter parent' to continue standing by.",
"body": null
},
{
"uri": "/2021/05/05/northern-trust-takes-low-for-longer-view-on-rates/",
"title": "Northern Trust Takes Low-for-Longer View on Rates",
"byline": "Caleb Mutua",
"kicker": "",
"prettyDate": "May 05, 2021",
"timeToRead": "3 minute",
"image": {
"uri": "",
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},
"authors": [
{
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],
"kickerNode": [],
"summary": "The $1.1 trillion money manager leans in to duration and higher ratings in credit, indicating a belief that interest rates won't rise substantially anytime soon.",
"body": null
},
{
"uri": "/2021/01/04/corporate-bond-sales-on-pause/",
"title": "Corporate Bond Sales on Pause",
"byline": "Caleb Mutua & Carolina Gonzalez",
"kicker": "News",
"prettyDate": "January 04, 2021",
"timeToRead": "3 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/caleb-mutua/",
"name": "Caleb Mutua"
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{
"webUrl": "/author/profile/carolina-gonzalez/",
"name": "Carolina Gonzalez"
}
],
"kickerNode": [
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],
"summary": "For the past couple of weeks, debt issuances have backed up in anticipation of tomorrow's high-stakes Georgia Senate vote.",
"body": null
},
{
"uri": "/2020/10/02/corporate-america-chips-away-at-350-billion-debt-problem/",
"title": "Corporate America Chips away at $350 Billion Debt Problem",
"byline": "Caleb Mutua",
"kicker": "News",
"prettyDate": "October 02, 2020",
"timeToRead": "4 minute",
"image": {
"uri": "",
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},
"authors": [
{
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"name": "Caleb Mutua"
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],
"summary": "\"You entered the pandemic with dozens of U.S. high-grade companies carrying around $1 trillion of debt in aggregate, pledging to pay down debt or grow their way into lower leverage.\" That's going to be hard in this economy.",
"body": null
},
{
"uri": "/2020/07/31/corporate-america-hunkers-down/",
"title": "Corporate America Hunkers Down",
"byline": "Caleb Mutua",
"kicker": "News",
"prettyDate": "July 31, 2020",
"timeToRead": "5 minute",
"image": {
"uri": "",
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},
"authors": [
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"kickerNode": [
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],
"summary": "Pandemic-fueled debt binge seems to have run its course; now companies seem to be hoarding cash.",
"body": null
},
{
"uri": "/2020/02/17/rock-bottom-borrowing-costs-lure-u-s-companies-to-euro-market/",
"title": "Rock-Bottom Borrowing Costs Lure U.S. Companies to Euro Market",
"byline": "Caleb Mutua",
"kicker": "News",
"prettyDate": "February 17, 2020",
"timeToRead": "4 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/caleb-mutua/",
"name": "Caleb Mutua"
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],
"kickerNode": [
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],
"summary": "Analysts are trying to determine which companies will issue euro-denominated bonds, which tends to reduce leverage and risk premiums on the company's U.S. bonds.",
"body": null
},
{
"uri": "/2020/02/10/first-green-bond-of-2020/",
"title": "First Green Bond of 2020",
"byline": "Caleb Mutua & Michael Gambale",
"kicker": "News",
"prettyDate": "February 10, 2020",
"timeToRead": "2 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/caleb-mutua/",
"name": "Caleb Mutua"
},
{
"webUrl": "/author/profile/michael-gambale/",
"name": "Michael Gambale"
}
],
"kickerNode": [
{
"uri": "/news/",
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],
"summary": "Toyota Motor Corp. is borrowing US$2.5 billion through its finance company to help support the sale of clean cars, marking the first U.S. corporate green…",
"body": null
}
]
}
}
