Chart of the Week: Righty Tighty
Since March the Fed has increased its rate target by 4.25%, the fastest climb ever.
Since March the Fed has increased its rate target by 4.25%, the fastest climb ever.
Information technology dominates PD in North America As we near the end of 2022, the dominance of the information technology sector in private debt in North America is showing. 71 deals have been completed in the sector in 2022 YTD, which puts it behind several other sectors such as consumer discretionary and healthcare…. Subscribe to
The shifting ESG agenda Our A-Z of ESG report asks what constitutes an effective policy for private debt managers in today’s world. When we surveyed fund leaders earlier in 2022, there was overwhelming agreement that a stronger environmental, social and governance vision and culture creates value for a business. The ESG agenda has, as one…
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Returns on US leveraged loans and HY bonds positive for second consecutive month Returns for US leveraged loans and high-yield bonds were positive for a second consecutive month in November, with loan returns higher MoM to 1.24% and high-yield bonds returning 1.87%. Year-to-date returns stand at -9.85% for high-yield bonds, with loans outperforming at -0.9%….
Leveraged loan all-in yields are seeing levels not present since the GFC.
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Average F&C Tranche / Pro Forma EBITDA, Based on Closing PF Leverage (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller
CLO refinancings fail to materialize in challenging market Source: Creditflux, Debtwire Par New CLO (collateralized loan obligation) issuance has held up well amid a backdrop of challenges in the leveraged loan market this year ranging from persistently high levels of inflation, to the ongoing war in Ukraine and rising interest rates. At USD 124.7bn through…