Chart of the Week: Peak to Trough
Last month’s early price plunge was three times worse than the Great Depression.
Last month’s early price plunge was three times worse than the Great Depression.
US jobless claims totaled 10 million in two weeks; it took six months to hit those levels during the Great Recession.
A recent Refinitiv lender survey revealed expectations of a quick COVID-19 resolution is unlikely.
No question future growth will be off big-time; just how bad, and for how long, is unknown.
The average bid for the most liquid leverage loans cratered as the effects of the coronavirus have taken hold.
The VIX index of volatility hit a post-recession high in the 40’s this week amid coronavirus concerns.
Senior direct loans in BDCs have maintained a steady 10% yield, better than high-yield bonds.
Middle market mezzanine activity slumped last year, but has maintained a steady pace since 2013.
Middle market mezzanine activity slumped last year, but has maintained a steady pace since 2013.
Over the decade, middle market and liquid loan yields have maintained their relative values within a band.