Loan Stats at a Glance – 3/16/2020
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
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PDI Picks – 3/16/2020
How does the dry power get invested now? The market is pausing for thought at a time when there’s plenty of capital waiting to find a home. One constant topic of PDI’s conversations with the market over the last few years has been the inevitability that at some point something would trigger a downturn…. Login
Leveraged Loan Insight & Analysis – 3/9/2020
Unitranche in price discovery mode, likely moving back over 600bp Amid falling Libor and more volatile pricing conditions in the syndicated market, unitranche pricing is moving higher after hitting rock bottom levels in 4Q19. So far in 1Q20, the average blended spread on a unitranche is 590bp, up from a low of 578bp in 4Q19….
Private Credit Myth #9: Without a public benchmark, private credit returns aren’t dependable
We wrap up special series on the Top 10 #PrivateCreditMyths with the last two. Myth #9: “Without a public benchmark, private credit returns aren’t dependable” Private credit assets don’t trade. That distinguishes them from more volatile public credit correlated with market moves. Middle market loan yields are therefore more stable through business cycles. Private credit […]
The Great Stay-In (First of a Series)
In our January 8th 2020 commentary, “Of Bubbles and Gum”, we reviewed credit market conditions in the wake of the assassination of Iranian General Suleimani. Could this be the exogenous factor that sparks a Middle East war, and triggers a recession? Or will it fade quickly like so many other candidates? We concluded with the…
Chart of the Week: Pick Up VIX
The VIX index of volatility hit a post-recession high in the 40’s this week amid coronavirus concerns.
LevFin Insights: High-Yield Bond Statistics – 3/9/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com