Another year, another fruitcake article. This one from last Thursday’s WSJ. Long-distance hikers are the latest consumer market niche to fall for the oft-abused holiday fare. “Better than energy bars,” one new fan enthused. “We’re just burned out on gorp,” explained another. No less a personage than Appalachian trail guru, Edward Garvey, gave the fruit-and-nut…
A Fed fund forecast of 2.1% by year end is well below historic levels, not to mention the 5.25% achieved in June 2006.
This week we continue our conversation with Derek Gluckman, a vice president and senior covenant officer at Moody’s. Derek is responsible for research on the Covenants team. He’s been at Moody’s since 2015. Prior to that he was a corporate attorney at Orrick, Herrington & Sutcliffe. Second of two parts – View part one. The Lead…
Private Debt Fundraising in 2017 by Fund Type 2017 was a record year for private debt fundraising, as 126 vehicles secured a total of $98bn in capital. In comparison, 2016 saw 164 vehicles reach a final close, raising $99bn in capital. Preqin expects the 2017 figures to rise up to 10% as more information becomes…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Italy CDS – watch the ISDA basis This year was widely touted by many – including yours truly – as the year of political risk. As we now know it didn’t turn out that way. Emmanuel Macron fought off the challenge of the National Front, Mark Rutte was re-elected as Dutch Prime Minister and Italy…
Flex activity swings back in favor of issuers this week So far this week, flex activity has swung back in favor of issuers after investors pushed back on several deals in prior weeks. The Flex Factor averages a very issuer friendly flex score of -1.9 this week, after occupying investor friendly territory the prior two…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com