Chart of the Week
Slowing the Slowdown
Notwithstanding tariffs, economists now view the chances of a recession fading. Source: WSJ Surveys of Economists
Read MoreWealth Effects
The share of wealth assets dedicated to private credit is on the rise. Source: FT, Oliver Wyman
Read MoreSecondary Effects
Since Liberation Day, leveraged loan trading prices have slowly moved higher. Source: Bloomberg US Leveraged Loan Index
Read MoreThe Comeback Kid
Since the 2021 peak, global M&A activity has been on the rebound. Source: LSEG
Read MoreMidcaps Motor On
Through Covid and rate hikes, middle market loan issuance has tracked up. Source: LevFin Insights, a Fitch Solutions company
Read MoreMission Unstoppable
Private credit AUM expected to continue steady growth, driven by direct lending. Source: Fitch Ratings, Preqin
Read MoreRising Sun
Japan’s long-dated bond yields have moved up sharply so far in 2025. Source: The Daily Shot
Read MorePremium Yields
Spreads for middle market CLOs are distributed higher than their BSL counterparts. Source: S&P Global Ratings
Read MoreCollateralized Loan Observations
Since the Fed began its rate hike regime in March 2022, MM CLO activity has grown. Source: PitchBook
Read MorePoised for a Rebound?
Since the early 1800’s, tariff’s share of US government revenues has shrunk dramatically. Source: The Cato Institute
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