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This profile was last updated on 11/1/13  and contains information from public web pages and contributions from the ZoomInfo community.

Peter J. DeGroot

Wrong Peter J. DeGroot?


Local Address: New York, United States
JPMorgan Chase & Co.

Employment History

37 Total References
Web References
Some banks may have bought on ..., 1 Nov 2013 [cached]
Some banks may have bought on the assumption the bonds would satisfy liquidity rules, Peter DeGroot, a strategist at JPMorgan in New York, said in an Oct. 25 report.
"The rule raises the yield at which this important group of counter-cyclical buyers would provide liquidity," DeGroot said in his report. "General-obligation bond spreads may experience some pressure over the near term as these assets may have been positioned with the assumption that they would be included" among eligible assets, he said.
Miller Tabak Asset Management, LLC - In The News, 1 Jan 2011 [cached]
"The low default rate and fiscally responsible behavior on the part of state and local governments support the strong potential for municipal outperformance" as the supply of new bonds diminishes later this year, Peter DeGroot, a strategist at JPMorgan Chase & Co., wrote in a research note yesterday.
Yields on 30-year debt will increase by 21 basis points while 10-year rates will rise by 38 basis points in the fourth quarter of this year, Peter DeGroot, head of municipal research at JPMorgan Chase & Co., wrote in a Sept. 9 report. Higher issuance, along with less debt maturing in October and November than in earlier months, may have an effect on the market.
"Supply may begin to weigh on the market in October, given the current and expected uptick in refundings, with average weekly volume in the $6 billion to $7 billion bond range, as reinvestment capital declines and low yields persist," DeGroot said.
The total from bondholders reinvesting proceeds of matured securities is expected to decrease to $55 billion in October and November from $61 billion in the previous two months, DeGroot said in an e-mail.
Miller Tabak Asset Management, LLC - In The News, 1 Jan 2008 [cached]
"We have not witnessed any material tightening in the asset class as a result of the potential recalibration of muni ratings," said Peter DeGroot, head of the municipal strategies group at New York-based Lehman.
The Bond Buyer: The Daily Newspaper of Public Finance, 30 Aug 2005 [cached]
Property and casualty insurers have been an important source of demand for the longer end of the municipal bond market as low interest rates this year kept retail investors on the sidelines, according to Peter DeGroot, a municipal bond strategist at Lehman Brothers in New York.
While limited, there was some scattered selling of muni bonds from insurers when four massive hurricanes swept through Florida and a number of other U.S. states and territories during a six-week period last year, causing an estimated $22.8 billion in insured losses."Despite 2004's record insurance losses, insurance company demand for municipal securities did not appear to be adversely impacted," DeGroot said.
"While it is too early to accurately assess the claims produced by Katrina, or more broadly the 2005 hurricane season, losses appear to be well short of 2004's record insurance claims," DeGroot continued.
Much of the insurance company demand this year has been focused on 20-year maturities, which are currently trading rich relative to other sectors, according to DeGroot.If the insurers were to begin selling muni bonds or backing away from the market, "that maturity range would likely suffer," DeGroot said.
Investors were attracted to the relative ..., 30 Sept 2010 [cached]
Investors were attracted to the relative safety of the fixed-income markets due to questions over the strength and sustainability of the U.S. economic recovery and global economic growth more broadly, as well as the volatility that has played out in the equity markets, said Peter DeGroot, head of the municipal index and strategies group at Barclays Capital in New York.
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