Shock Absorbers

By THE LEAD | March 8, 2017

Last year’s downturn-related worries caused bond price and yield swings, while private credit remained relatively insulated from market moves.

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Private Debt Intelligence – 3/6/2017

By THE LEAD | March 7, 2017

Investor Views on the Key Macroeconomic Factors Affecting the Private Debt Industry

Institutional investors currently hold the private debt industry in extremely high regard, with 93% of respondents surveyed by Preqin at the end of 2016 stating that their investments had either met or exceeded their expectations in 2016. However, investors will be keeping an eye on the macroeconomic factors that affected their portfolio in 2016 and are likely to make an impact in 2017…

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Markit Recap – 2/27/2017

By THE LEAD | March 2, 2017

It is no secret that a divide – maybe a chasm – has opened up between the US and Europe. Donald Trump’s mercantilist views put his presidency at loggerheads with the globalist EU, though a post-Brexit UK may yet turn out to be an ideological bedfellow.

But this week we saw signs that a division is manifesting itself in the credit markets. The Markit CDX.NA.IG has rallied steadily in recent months – since Trump’s election victory on November 8 2016, the index has tightened from 75bps to 60bps. Over the same period the Markit iTraxx Europe was just 2bps tighter at 71bps. The 11bps basis between the two on-the-run indices is the largest for more than three years…

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