I’d be remiss not to point out that the political circus in the US took
Category: credit
What’s Next For An Over-Leveraged Corporate America?
Much has been made over the past several months about the impact of massive debt
Corporate Debt Binge Shatters Record, As Blue-Chip Borrowers Gorge On Cheap Money
There’s been no let up in demand for corporate debt. And where there’s demand, there’s
Pandemic Ushers In ‘Night Of The Living Debt’
The coronavirus crisis and attendant recession are nobody’s “fault”. That’s a common refrain, and it
Credit Flow Bonanza Continues, While Apple Taps Market For $5.5 Billion It Doesn’t Need
Another week, another big haul for credit funds. At a time when the market’s appetite
Junk. Lots Of It.
Twice. That’s how many times during the first two days of this week I addressed
Are Corporate Bonds A Bubble (Again)?
“Are credit spreads currently too tight relative to the severity of the current downgrade and
From Volkswagen To Apple To Dentists And Roofers: What The Fed’s Been Up To
Those interested to know what the Fed bought recently as part of its efforts to
‘Working Fine Right Now’
(Updates with comments from Pelosi, Schumer, Meadows, Mnuchin after latest negotiations) In an attempt to
The Big Boot
It was nobody’s idea of a “good” day. The worst economic downturn since the Great
‘Capitalism Was Lost Long Before COVID-19’
Earlier this week, in the course of summarizing the main points from the latest missive
Damn The Torpedoes: Investors Plow Another $11.6 Billion Into Credit Funds
I suppose it’s only fitting that the latest flows data from Lipper shows another week
Albert Edwards Predicts Zombie Apocalypse
I take a relatively sanguine view of the Fed’s foray into corporate bond buying. That’s
Ackman Shorts Junk, Is ‘Cautious’ Near-Term. Still ‘Bullish On America’
Bill Ackman is “long-term bullish on America”, he told CNBC Wednesday. That much hasn’t changed.
Getting Even And Getting Out?
The fact that US equities (the S&P in this case) turned positive for the year
Bipolar, Bimodal.
“There’s been a lot of healing, and that’s what the market is reflecting, but there’s
Who Cares Where You Are In The Capital Structure If The Fed Doesn’t Allow Bankruptcies?
Like many irritable observers, I lost my sense of humor with the Hertz saga in
Hooray For Jay: Tsunami Of Inflows Into High-Grade Bonds Hits 13 Weeks
To reiterate what is now a weekly refrain…
There’s A Risk-Off Trade Afoot, You Just Didn’t Notice…
A quick look under the hood.
To Hell And Back Again (What The Flows Are Saying)
It’s been a wild ride.
Close Proximity
“I’ll take it”.
A Cliche, I Know.
Let’s not get ahead of ourselves.
Buy America! Fed Launches Primary Corporate Credit Facility
If you were already offended by the Fed’s purported “transgressions”, you can pretend to be even angrier now.
Fed Unveils Composition Of Corporate Bond Portfolio. Why Not Have A Look?
“Moral hazard!”, everyone shouted, in unison.
The Big Question Still Has No Answer.
“The current crisis is more complex than the 2008 GFC”.
Inflow Bonanza Rolls On For Blue-Chip Credit, But Junk Funds See First Outflow Since March
The Powell pledge continues to embolden the market.
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