European secondary loan trading volume fell 11.5 percent to $18.27 billion during the third quarter from $20.64 billion in the second quarter. The number of trades also fell 14 percent to 3,005 from 3,528 in 2Q14. It is the same picture when comparing with… Subscribe to Read MoreAlready a member? Log in here...
10.5 percent of domestic banks reported easing terms in the last three months to larger firms, roughly on par both with the July survey and the survey at this time last year, according to the latestFederal Reserve Senior Loan Officer Opinion Survey…. Subscribe to Read MoreAlready a member? Log in here...
It is apparent to all market participants that volatility, so long dormant in this QE-saturated era, has returned in recent weeks. The credit asset class is no exception. The Markit VolX Europe, which measures realised volatility in the Markit iTraxx Europe index, reached its highest point since the “taper tantrum”… Subscribe to Read MoreAlready a
Canada Keeps Recovering PE activity in Canada recovered well from the recession, and unlike its neighbors to the south, deal flow and capital invested has remained elevated, even in 2014. The past two quarters have seen total value go past the C$10 billion mark, with Q2 and Q3 representing the… Subscribe to Read MoreAlready a
While new launches have resumed, the institutional loan market took a hit in mid-October as global volatility spiked and investors took a step back. In tune with the high-yield bond market, the institutional loan market slowed down significantly in mid-October…. Subscribe to Read MoreAlready a member? Log in here...
Earnings season is well underway and the Federal Reserve is set to end its bond purchase programme, but in Europe all eyes were on the results of the ECB’s asset quality review and stress tests. A total of 25 banks out of 130 failed the tests, though only 13 banks have capital shortfalls once prudential…
B2B is Booming The U.S. B2B industry has seen some of the strongest and most consistent activity from PE investors over the past three quarters. About $153.6 billion has been invested through Q3 2014, including another $44.6 billion in the third quarter. 2014 has already seen over $40 billion… Subscribe to Read MoreAlready a member?
Leverage levels continued to increase last quarter which brought year-to-date averages close to the levels last seen in 2007. This had some market participants throw up caution signs wondering if it was a bad case of déjà vu. But there are a few caveats to… Subscribe to Read MoreAlready a member? Log in here...
If there was any doubt that credit markets are dependent on central banks for their sustenance, then events this weeks would surely have laid them to rest. All it took was a report that stated the ECB is considering buying corporate bonds in the secondary markets, possibly as soon as the first-quarter of next year….
Q3 Deal Flow in Europe: Speed Bumps Remain 2014 hasn’t been the banner year industry professionals were expecting in Europe. Private equity (PE), venture capital (VC) and growth investment deal counts were soft in 3Q, which likely means that 2014 will end the year well below… Subscribe to Read MoreAlready a member? Log in here...