Feeling the pinch: loan margins and OIDs are tightening Despite a slight rebound in June, loan prices – both margins and original issue discounts (OIDs) – have continually tightened this year on the back of a record volume of deals pricing since January thanks to a surfeit of demand from investors…. Subscribe to Read MoreAlready
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.9% as of 19 July, flat YoY and down 80bps from the highest level in last 12 months of 11.7% in October 2023) that…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.7% as of 8 July, down 100bps from the highest level in last 12 months of 11.7% in October 2023) that tracks the overall…
CLOs fuelling demand for paper, driving repricing deals The driving force behind such an explosion in repricing deals is demand for new paper, which is currently outstripping the offer…. Subscribe to Read MoreAlready a member? Log in here...
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.5% as of 21 June, down from the highest level in last 12 months of 11.7% in October 2023) that tracks the overall performance…
Opportunities abound: loan repricing hits historical high in 2024 Following a muted couple of years for the leveraged loans primary market, deals that include a repricing component or that are solely focused on repricing have dominated activity since the start of the year, reaching historical highs of almost USD 155bn in value in 1Q24…. Subscribe to
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.3% as of 7 June, down from the highest level in last 12 months of 11.7% in October 2023) that tracks the overall performance…
A shift to online purchases contributed to lower sales in physical stores During recent years, the surge in online shopping contributed to the struggles faced by numerous brick-and-mortar retailers. Online purchases spiked to 15.7% of all retail sales during the COVID-19 pandemic, when a lot of retailers had to close their stores. The share of…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.6% as of 23 May, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall…
Shutting up shop: post-pandemic retail sector restructurings continue The COVID-19 pandemic triggered a significant transformation of the US retail landscape, fueling a dramatic shift in consumer behavior…. Subscribe to Read MoreAlready a member? Log in here...