Investors piled into the bond sale despite the university's recent controversies.
The proposed bond aims to address a housing shortage of more than three million units.
The near-parity in the two types of debt is unprecedented in data going back to the 1970s.
The biggest chunk of the money will go toward affordable housing projects.
The market retreat comes as regulators start to erect guardrails around ESG labeling.
Investors that expect rate cuts this year are dialing up exposure to the world's biggest bond market.
The company says investors may be looking for more compensation for holding longer-term bonds.
The Allspring Core Plus Bond Fund is positioned to take advantage of the changing interest rate environment.
Orion Advisor Solutions said it's part of an effort to meet the needs of high-net-worth clients.
The so-called core personal consumption expenditures price index increased 0.4% from December.
Even consumers with healthy finances are struggling to secure approval for automobile purchases.
For the first time in over two decades, it's cheaper to sell shares than issue debt. Will corporations take advantage?
Fund managers in this market are often valuing their loans more generously than others do.
The gap between stock market winners and laggards has widened since 2020, the firm's analysts say.
The university is planning to sell as much as $750 million of taxable fixed-rate bonds.
The risk models behind the world's best hedge fund strategy are getting a lot harder to crack.
There's a 25% chance the central bank waits even longer, the firm's economists said.
The two economists agree on one point: Technology is reducing the need for people in the workforce.
The two nations are looking for an alternative to the high borrowing rates EM nations face in the market.
Bank of America Corp. projects a record $500 billion of flows to high-grade corporate debt in 2024.
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