Commentary
“It’s Been A Long Year”
So bemoaned one friend from a broadly syndicated loan desk on Monday. We get it. As we covered in our…
Read MoreLost in Translation
2018 ended in the high-yield loan and bond markets not with a bang, but with an olufsen. That’s our rendition…
Read MoreThe Price of Everything (Last of a Series)
“US credit markets are grinding to a halt.” So warned the front page of Monday’s Financial Times. Followers of this…
Read MoreThe Price of Everything (Second of a Series)
Loan prices for the most liquid leveraged names continued to drift lower this week in the wake of continued volatility…
Read MoreThe Price of Everything (First of a Series)
Being off-kilter made it world-famous, but that condition is slowly being remedied. Almost since it was built in 1173, the…
Read MoreSearch and Recovery (Last of a series)
As we conclude our special series on leveraged loan recoveries, let’s take a look at one structure that is testing…
Read MoreSearch and Recovery (Fourth of a series)
For those of you who sensed last Friday was a special day, but couldn’t put your finger on why, we…
Read MoreSearch and Recovery (Third of a series)
Continuing with our special series on leveraged loan recoveries, let’s turn to one of the most pondered questions on the…
Read MoreSearch and Recovery (Second of a series)
News reached us from Harvard’s Astrophysics Center of an interstellar object of unknown origin spotted passing through our solar system.…
Read MoreSearch and Recovery (First of a series)
You know we’re at some kind of inflection point when two former chairs of the Federal Reserve come out in…
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