Leveraged Loan Bubble Continues To Burst As Funds See Largest Exodus On Record
If you were wondering whether the leveraged loan bubble had stopped bursting, the answer is an emphatic "no".
On Thursday evening, we got the latest weekly flows data from Lipper and (surprise!) leveraged loan funds suffered a gargantuan $2.53 billion outflow in the week through Wednesday.
For the record, that is the largest outflow on, well, on record, and it marks the fourth consecutive weekly exodus from ETFs and mutual funds which hold the debt.
This is turning into something of a rout fo
Wasn’t Noelle Corum defending this sector with fairly bullet proof logic. Like Steven Major, from HSBC says: “the usual mistake is believing the FED too long when the forward market tells a more accurate story”.
are defaults moving up? ? i saw a pimco piece alluding to ‘seasonality’ for credit…seems unseasonably cold