High Rates Crush $200 Billion of Junk Debt, BofA Says
US companies with about $200 billion in debt — 10% of the junk market — can’t survive at prevailing elevated interest rates, according to Bank of America. “At the bottom decile, we are looking at issu...
30 Touko 202443min
Invesco Buys REITs, Bank Bonds in Credit ‘Golden Age’
Invesco is buying real estate investment trust debt and preferred bonds from banks, betting that the US economy stays strong and interest rates eventually fall. “If you’re looking at yield, it is kind...
23 Touko 202446min
Wellington Bets on US Consumer in ‘Year of the Bond’
Household debt is a good investment as the US economy remains strong, Jeremy Forster, portfolio manager at Wellington Management, says in the latest Credit Edge podcast from Bloomberg Intelligence. “W...
16 Touko 202439min
TCW Expects Private Debt ‘Accidents’ as Stress Builds
Rising private credit stress will inflict losses on investors and spur volatility, Jerry Cudzil, portfolio manager at TCW Group, says in the latest Credit Edge podcast from Bloomberg Intelligence. “De...
9 Touko 202436min
Western Asset Sees Value in Commercial Real Estate
Western Asset Management Co. sees “compelling” opportunities in commercial real estate debt, Co-Chief Investment Officer Michael Buchanan says in the latest Credit Edge podcast from Bloomberg Intellig...
2 Touko 202449min
Altice ‘Jenga Tower’ Menaces Global Credit Markets
Altice ‘Jenga Tower’ Menaces Global Credit Markets (Podcast)Altice distress is ripping through global credit markets and setting some ugly precedents for debt investors. Aidan Cheslin from Bloomberg I...
25 Huhti 202436min
Credit’s in Trouble If Fed Hikes, Says Morgan Stanley
Corporate debt markets are poised to perform well provided monetary policy doesn’t get tighter, according to Morgan Stanley. “As a credit investor, the thing that matters most is that the next Fed pol...
18 Huhti 202439min
Junk Credit Threat Grows as Rates Stay High, Says BNP
The threat of weak companies not being able to pay their debts is rising as interest rates stay elevated. “On high yield and loans, I do think that risks are growing that you could see a reset in spre...
11 Huhti 202434min
