The Big MBS Trade Has Legs Even After Government Buys, Says Clark
Mortgage-backed securities look attractive even after government purchases snapped spreads tighter, according to Clark Capital Management. “I don’t think the trade is completely over yet because corpo...
12 Helmi 47min
Tech Debt Binge Is Just Getting Started
Technology companies flooding debt markets are just getting started on funding a $4 trillion artificial intelligence boom, according to Bloomberg Intelligence. “This is the tip of the iceberg,” Robert...
10 Helmi 30min
Distressed Buyer H.I.G. Sees Most Loan Distress in Years (Podcast)
Corporate loans signed when rates were low are increasingly hitting a wall as they come due, according to H.I.G Bayside. “There’s a level of discount in these stressed credits that we haven’t seen for...
5 Helmi 43min
Pimco’s President Says Private Debt Investors Are Blind to the Risks
Investors underestimate the hazards in private debt, according to Pacific Investment Management Co. “There’s a lot of additional credit risk that people are often taking in some of these private situa...
29 Tammi 58min
Seix Fears More Zombie Borrower Distress as Interest Rates Stay High
Pressure on highly-indebted companies will intensify as interest rates remain elevated, according to Seix Investment Advisors. “We have a lot of credit zombies — B3/B minus or CCC rated credits — that...
22 Tammi 44min
Neuberger Sees More Gain Than Pain in Private Debt Market
Despite all the negative headlines around private credit, Neuberger Berman says direct loans pay a lot more than traded debt and barely make a loss. “We pretty consistently see a 200 basis point diffe...
15 Tammi 45min
The Long Road to Making Venezuela's Debt and Oil Investable Again
Venezuela debt holders will likely have to wait years to get their money back after regime change in the oil-rich nation, according to Bloomberg Intelligence. “The near-term challenges are nothing sho...
13 Tammi 31min
Inside ‘the Everything Bubble’ With RBA
Credit is one of many overvalued markets and the technology sector is particularly risky, according to Richard Bernstein Advisors. “We’re kind of in an everything bubble at the moment,” Mike Contopoul...
8 Tammi 46min
