Senior Loan Talking Points
Highlights from the week of March 17 – March 23, 2023
Strains in parts of the financial system have prompted the Federal Reserve to trim back tightening plans.
Political brinksmanship over the debt limit is poised to push the Treasury to the edge.
A tight labor market is keeping the Fed in a rate-hiking mode.
Highlights from the week of March 17 – March 23, 2023
Strains in parts of the financial system have prompted the Federal Reserve to trim back tightening plans.
Political brinksmanship over the debt limit is poised to push the Treasury to the edge.
A tight labor market is keeping the Fed in a rate-hiking mode.
Higher income has reduced near-term risk and is setting up the bond market for a run of attractive long-term returns.
Barring a deep, prolonged recession, we expect leveraged borrowers to successfully navigate the late cycle backdrop given relatively healthy fundamentals.
Barring a deep, prolonged recession, we expect leveraged borrowers to successfully navigate the late cycle backdrop given relatively healthy fundamentals.
Are bond investors right about US rate cuts, or will the Fed hold rates steady following the end of the hiking cycle? Watch the labor market.
Soaring mortgage rates have massively reduced prepayment risk, creating one of the most compelling entry points for GNMA bonds in more than 20 years.
As we enter the new year, attention is shifting from inflation to the economy and the effects of tighter Federal Reserve policy.