Investors have been flocking to government bond ETFs at a record pace since the start of the year, hoping to shelter from the surge in credit risk and profit as the market discounts the probability of nearing interest rate hikes. This has so far proved profitable as global government bonds have largely outperformed their corporate…
Just shy of three months into 2016, CLO issuance remains stalled, logging less than US$3 billion in new vehicles through the end of February. This represents an 80% drop compared to the same time last year. More notably, only a few days into March, a single CLO has come to market via a US$406.75 million…
On Wednesday, February 24th, Meredith Coffey, EVP of the Loan Syndications and Trading Association, testified before the House Financial Services Subcommittee on Capital Markets. The point of her testimony was four-fold: i) To explain the importance of loans to non-investment grade companies, ii) to explain the role CLOs play in this financing, iii) to explain…
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
So far in this series we’ve covered the unique lending characteristics of European jurisdictions as well as the inherent advantages held by European banks. This week we look closer at the opportunities presented to non-bank direct lenders. Selling high-yield bonds in Europe has generally been unchanged over the past five years. It’s still a public…
How Will Competition Among Fund Managers Affect Future Industry Performance Disparity? Post-recession private equity funds experienced a tightening of IRR spreads across several different vintages, as fund managers of all tiers weathered the economic downturn. 2010 and more recent vintages, however, have seen a widening of the spread…. Subscribe to Read MoreAlready a member? Log
Last summer’s market volatility in the US caused loan prices to plummet, attracting attention from European loan buyers. Source: S&P Capital IQ
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Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com