Chart of the Week: The New Old Normal
US interest rates have returned to their average levels of the past half century. Source: Board of Governors of the Federal Reserve System(Past performance is no guarantee of future results.)
US interest rates have returned to their average levels of the past half century. Source: Board of Governors of the Federal Reserve System(Past performance is no guarantee of future results.)
In the capital markets this year, it’s all been about rates and inflation: can the Fed’s higher-for-longer regime bring prices down close to pre-pandemic levels without triggering a recession? At the moment, the answer seems to be yes. Both credit investors and issuers are using private capital as a vehicle proven resilient through rate, economic, […]
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Middle-market activity: A 6-year low Download PitchBook’s Report here. Middle market buyouts are down to a six-year low, according to PitchBook’s Q3 US PE Middle Market Report. The third quarter dipped to an estimated $87.7 billion, a 13% decline from Q2 2023 and a 48% decline from the peak in Q4 2021…. Subscribe to Read MoreAlready
Year-to-Date Default Volume, Count Contact: Eric Rosenthaleric.rosenthal@kbra.com
Fitch’s Privately Monitored Rating (PMR) Portfolio Analysis The default data is derived from Fitch’s portfolio of PMRs in the U.S…. Subscribe to Read MoreAlready a member? Log in here...
Average Total Deleveraging Required To Meet RP Ratio Test (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
US CLO share of the institutional loan market tops 70% The US CLO market has grown by 6.8% this year, pushing assets under management (AUM) to US$1.03trn…. Subscribe to Read MoreAlready a member? Log in here...
Source: PitchBook LCDContact: Ryan BrownRyan.Brown@pitchbook.com