“We are in a new era with the Fed. They have a new reaction function…[and] this is their first trip around the track with it.” – Anne Mathias, senior strategist, Vanguard. Inflation, or the threat of it, presents challenges for both regulators and investors. Higher inflation generally impacts fixed income assets negatively as increased rates…
Despite the threat of higher prices, long-term interest rates have eased, supporting bonds of all stripes.
Average fund size in private debt increasing in 2021 The average fund size in private debt has increased by almost $200m between 2020 and 2021 so far. In 2020, 244 funds raised aggregate capital of $160bn, resulting in an average fund size of $743m…. Subscribe to Read MoreAlready a member? Log in here...
Average New-Issue Clearing Spreads (Single B) and Covenant Terms for PE-Backed First-Lien Institutional Loans (Past performance is no guarantee of future results.) Contact: Steven Miller
The distressed opportunity mounts up Leveraged loan defaults have been accelerating, with companies having come under strain during the pandemic. Considering there has been a lot of talk about the delaying of the distressed opportunity as a result of companies being propped up by government support schemes, the figures in the chart above – showing…
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
We continue our special inflation series with Nuveen’s chief investment strategist, Brian Nick. Are inflation worries overblown? “Prices of certain goods and services are rising for a variety of reasons,” he told us, “all we believe will be transitory. April’s CPI report showed inflation will peak at a higher level this year than expected. But […]
Global ESG-linked institutional loan volume sets steady pace in 2021 In a testament to the broadening reach of Sustainability linked lending, the global loan market has been tapped with over US$22bn of ESG-linked institutional loan volume via 21 issues so far this year, up from a small handful during all of 2020. In fact, after…