Chart of the Week: Arrivederci, Roma
Consumers in Italy reported a drop in confidence last month. Source: The Daily Shot(Past performance is no guarantee of future results.)
Chart of the Week
Chart of the Week: Weakest Links
The number of negative watch or warning leveraged loan borrowers is declining. Source: PitchBook | LCD; Morningstar LSTA US Leveraged Loan Index (Past performance is no guarantee of future results.)
Chart of the Week: High Yield, Low Vol
Amid last week’s turmoil in public equities, loan and bond returns thrived. Source: The Daily Shot(Past performance is no guarantee of future results.)
Chart of the Week: Cut Rate
The Bank of England lowered its benchmark rate for the first time since Covid. Source: The Daily Shot(Past performance is no guarantee of future results.)
Chart of the Week: Greatest Britain
The UK has been the main source of European private debt deal volume. Source: Deloitte Private Debt Deal Tracker, Spring 2024(Past performance is no guarantee of future results.)
Chart of the Week: Euro Stars
New CLO issuance in Europe this year is outpacing 2023 by a wide margin. Source: Pitchbook | LCD(Past performance is no guarantee of future results.)
Chart of the Week: Security Issues
The prospect of lower interest rates has boosted new CLO issuance at a record pace. Source: CreditFlux(Past performance is no guarantee of future results.)
Chart of the Week: The Pendulum Always Swings
Refinancings by direct lenders returned last quarter to outweigh BSL takeouts. Source: PitchBook LCD, data through June 30, 2024(Past performance is no guarantee of future results.)
Chart of the Week: Lower Risk, Higher Yield
Among a basket of traded credit strategies, leveraged loans are showing well. Source: The Daily Shot(Past performance is no guarantee of future results.)
Chart of the Week: Feeling and Dealing
Consumers gloomy, but keep pushing stock prices higher. Source: Bloomberg, The Conference Board(Past performance is no guarantee of future results.)