1. Send comments or questions.
  2. Full Name*
    Please enter your full name.
  3. Company*
    Please enter your company
  4. E-mail*
    Invalid email address.
  5. Phone #
    Invalid Input
  6. Subject*
    Please make a selection
    Invalid Input
  8. *
    Just a simple security measure to prove you are a human.
  9. * = Required

Wall St tumbles as investors flee equities on Greek debt crisis

June 29, 2015

U.S. stocks fell sharply in heavy trading on Monday and the S&P 500 and the Dow had their worst day since October after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone. "There is no mechanism to be ejected from the European Union. This has never happened before," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "When you don't know what could happen you sell. You get on the sidelines."

View Full Article

Analyst: CPS Has ‘No Choice’ But To Borrow $1B Amid Cash Crunch

June 25, 2015
CBS Chicago

A top financial analyst said bond rating agencies probably won’t be troubled by the Chicago Board of Education’s vote to borrow more than $1 billion to help the Chicago Public Schools address a massive budget crunch in the coming year. It might not sound like a good idea for CPS to borrow $1 billion more when it’s already heavily in debt, but Performance Trust Capital Partners director Brian Battle said CPS has no real options.

View Full Article

U.S. Bancorp surprises market with bond 'cleanup calls'

June 25, 2015
Minneapolis/St. Paul Business Journal

U.S. Bancorp has made millions in on-paper profits in recent years through a bond-market loophole that lets the bank buy high-performing mortgage bonds at below-market prices. The tactic is legal and profitable. Performance Trust Capital Partners estimates that U.S. Bancorp has cleared $53 million in on-paper profits over three years — but it's still controversial.

View Full Article

U.S. Bancorp's Bond Coup Comes at a Cost

June 23, 2015
Wall Street Journal

U.S. Bancorp is racking up profits with a bond-market maneuver that is pinching some investors holding high-yielding investments. The Minneapolis company, which operates the fifth-largest U.S. commercial bank by assets, has made paper profits of about $53 million over the past three years forcing insurance companies, community banks and other investors to sell it Ginnie Mae-insured mortgage bonds at below-market prices, according to calculations by Performance Trust Capital Partners, LLC, a Chicago fixed-income investment firm.

You must be a Wall Street Journal subscriber to view this article.

View Full Article

Chicago Sales Tax Paper Goes Down Better than Its GOs

June 3, 2015
The Bond Buyer

Helped by a stronger revenue backing, Chicago's remarketing of $112 million of sales tax-backed bonds fared notably better Wednesday than its general obligation deal a week earlier. "The pricing looks pretty fair," said Brian Battle, director of trading at Performance Trust at Capital Partners. "Because of the triple-A it's getting better pricing than the GOs, but it's ridiculously cheap for a triple-A. It demonstrates the market penalty" for the city amid state political inaction on pension liabilities.

View Full Article