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Markit Recap – 12/17/2015

Exactly seven years after the US Federal Reserve (Fed) decided to embark on a zero interest rate policy, the state of the US economy has finally been deemed strong enough to withstand the path towards normalisation. With the 25bps hike wrapped in very cautious forward guidance, financial markets reacted… Login to Read More...

Why Mezzanine Matters

It’s popular sport at loan conferences to kick the mezzanine asset class. After the credit crisis, when some investors in sub debt took a licking, the common theme heard among market players was, “Is Mezz Dead?” Today the refrain is “Is Mezz Still Dead? And yet, in conversations with practitioners, it seems mezz is alive…

Chart of the Week - Down Time

Leverage for all US corporate issuers is headed to levels where previous default cycles began. Source: The Daily Shot, Bloomberg Finance LP, Datastream, Deutsche Bank

Leveraged Loan Insight & Analysis - 12/14/2015

The secondary market continues to come under pressure, with increased differentiation between the so called haves and have-nots. Flow names fell by roughly 100 bps in November and are off another 55 bps so far this month. At a broader market level, multi-quote institutional term loans also fell by around 100 bps in… Login to