Markets happen when you’re making other plans. This was true again last week as confrontation with Iran, instead of caving US markets, supported them. Equity indices approached record highs, and the US dollar strengthened, at least for a time. We expect inflation and rate uncertainty will continue to weigh on investors. Nevertheless, April’s “sell America”…
Always attuned to market conditions on the ground, we heard from friends in Tokyo last week that, incredibly, grocery stores were out of rice. The impact of hot, wet weather and dealers hoarding product has sent rice prices soaring and supplies dwindling. A five-kilogram bag now costs ¥4,000, or about $28. In the US, a […]
Leveraged loan prices continue to climb in secondary market Average secondary market prices on US Leveraged loans reached 96.44 on June 25th, the highest level since March 17th according to the Bloomberg US Leveraged Loan Index. So far in June, the index has returned 0.51%, bringing the year-to-date figure to 2.47%…. Subscribe to Read MoreAlready
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
Since the 2021 peak, global M&A activity has been on the rebound. Source: LSEG
We spoke recently to a C-suite executive of a global specialty chemicals company about how tariffs are affecting his business. He outlined his strategy to expand production in the US, but also how these plans were being stymied by the cost of importing equipment. “There are some things today, cranes for example, that are only…
Private Credit’s Growing Complexity Untested Through Market Cycles Click here to download report. What are Key Trends to Watch for BDCs? Fitch’s 2025 sector outlook for BDCs remains ‘deteriorating’ as continued spread pressure and additional non-accruals will likely weaken earnings and dividend coverage for BDCs in 2025…. Subscribe to Read MoreAlready a member? Log in
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
PE Index quarterly returns Download PitchBook’s Report here. Preliminary Q4 2024 returns suggest a quarter of weaker performance, potentially tilting the yearly returns for 2024 back into single digits…. Subscribe to Read MoreAlready a member? Log in here...
How do middle market lenders characterize the quality of 2Q25 loan supply? According to preliminary results from LSEG LPC’s quarterly middle market lender outlook survey, a large majority (81%) of respondents say they were not able to lend as much as they wanted in 2Q25…. Subscribe to Read MoreAlready a member? Log in here...