Chart of the Week

Libor Day  Pent-up demand post-Labor Day drove high-yield volume to its best week since early June. Year-to-date issuance is $208.8…

Uncle Bucks Whatever the investing climate is for the balance of the year, 2014 will see the best fundraising for…

Buyout Buckets Middle market LBOs typically outnumber their large cap counterparts, but that pattern has reversed, and midcap activity remains…

Got Covenants? Over half of all outstanding leveraged loans have no maintenance covenants, affording significant protection to those issuers in…

Rhymes, Not Repeats While growing over the past four years, the share of post-crisis buyouts with hyper-leverage and weak coverage…

Not For Sale  Leveraged buyout activity since the credit crisis has been muted, though 2014 volume could be best since…

Prime Targets Retail loan funds have suffered outflows 14 of the past 16 weeks, shrinking net additions to $765 million…

Tale of Two Vintages  By one measure – public-to-private buyouts – today’s market is non-existent relative to pre-crisis levels. But…

Treble Ahead  New providers of triple-A CLO liabilities are expected to help tighten spreads to 135-140 bps by year-end. Beyond…

Arbitrage This While yields for middle market loans have generally contracted over the past four years, the cost of triple-A…