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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.
Peter DeGroot at JPMorgan ..., 15 June 2012 [cached]
Peter DeGroot at JPMorgan Chase & Co. says the yield spread has "further room to tighten" amid declining unemployment and climbing home sales.
"Given the significant improvements in housing and unemployment, we think there is room for Florida spreads to tighten," DeGroot, head of muni research at New York-based JPMorgan, wrote in a June 8 research report.
The fiscal 2012-2013 budget for the state of 18.8 million people bridges a deficit in part by cutting spending 4 percent, according to the report.
50 Percent
For 10-year general obligations of the state, the spread has narrowed by about 50 percent since mid-2009 to about 0.35 percentage point, DeGroot said in an e-mail.
Localities dependent on federal money ... [cached]
Localities dependent on federal money will be affected by U.S. belt-tightening, said JPMorgan Chase & Co. analyst Peter DeGroot.
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.
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