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Charles Schwab - 1 Brendan McDermid - 1 Schwab - 1 Richard Wolff - 1 Dan Krieter - 1 Brian Mulberry - 1 David Del Vecchio - 1 Natalie Trevithick - 1
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REUTERS - 1 Societe Generale - 1 BMO Capital - 1 Zacks Investment Management - 1 Federal Home Loan Bank - 1 Payden - 1 Informa - 1 Thomson - 1

Search resuls for: "David Del Vecchio"


2 mentions found


☆ Bond investors show confidence in Schwab after cost-cutting
  + stars: | 2023-08-23 | by ( Matt Tracy | ) www.reuters.com   time to read: +3 min
The company logo for Financial broker Charles Schwab is displayed at a location in the financial district in New York, U.S., March 20, 2023. The announcement led to a 5% fall in Schwab shares on Tuesday but did not hurt investor appetite for its new bonds. "The strong response shows bond investors, at least in the near term, have gotten over their worries about the credit fundamentals of top-tier regional banks after the banking crisis in March," said Richard Wolff, head of U.S. syndicate at Societe Generale (SOGN.PA). Schwab's bond trade also drew attention as new investment grade bond supply this month has so far been lower than expected. Counting Schwab's $2.35 billion in bonds, investment-grade bond volume sits at just $3.45 billion for the week and $67.1 billion so far in August, according to Informa Global Markets data.
Persons: Charles Schwab, Brendan McDermid, Schwab, Richard Wolff, Dan Krieter, Brian Mulberry, David Del Vecchio, Natalie Trevithick, Matt Tracy, Nupur Anand, Shankar Ramakrishnan, Sonali Paul Organizations: REUTERS, Societe Generale, BMO Capital, Zacks Investment Management, Federal Home Loan Bank, Payden, Informa, Thomson Locations: New York, U.S, Los Angeles
☆ US companies rush to issue corporate debt, busiest February ever
  + stars: | 2023-02-28 | by ( Matt Tracy | ) www.reuters.com   time to read: +2 min
Companies have been rushing to issue bonds as yields spiked to touch new highs with the Federal Reserve looking to keep interest rates higher for longer. The average yield on U.S. investment grade bonds rose to 5.55% on Monday from just 4.94% on Feb. 1. "There's much more yield now to be had in corporates," said David del Vecchio, co-head of the U.S. investment grade corporate bond team at PGIM Fixed Income. Investors still had plenty of cash, despite the flurry of issuance, said Blair Shwedo, head of IG corporate bond trading at U.S. Bank. "With more volatility, you may see some short term negative returns but overall, we’re well positioned to have a very nice positive total return in investment grade credit in 2023," said Natalie Trevithick, head of investment grade credit strategy at investment management firm Payden & Rygel.
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